New owner aims to retain staff

Tuesday 8th December 2009, 3:00PM GMT.

John Klinck and Advocate Nicola Palios Picture: JON GUEGAN (00844529)

THE new owners of Mourant’s financial services division say that the deal ‘underscores the importance of Jersey as a major global financial services provider’.

Boston-based State Street has also declared that keeping staff and clients will be their main goal when they take over Mourant International Finance Administration next year.

It was announced last week that MIFA had been sold to major US corporation State Street, which already has a small Jersey office in Dumaresq Street, for an undisclosed cash sum.

They expect to take over in the first quarter of next year – after regulatory issues are completed – and rebrand MIFA as State Street.

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