Bermuda: Appleby Announces Expansion and New Bermuda Managing Director
Last Updated: 4 April 2005

Appleby Spurling Hunter recently expanded its global presence and trust services. Appleby Trust (Bermuda) Ltd. (formerly Harrington Trust) is joined by the new Cayman Islands operation, Appleby Trust (Cayman) Ltd., which commenced operations on 11 February 2005. The new office will be managed by Huw Moses, the Managing Partner of the Appleby Spurling Hunter Cayman office, and already has over 20 professionals on staff.

Appleby Trust (Cayman) Ltd. has also announced that it has assumed the management of Ansbacher (Cayman) Ltd’s fiduciary business. The new management agreement, which took effect as of 1 March, is significant as Appleby Trust has added Ansbacher as a major client to its rapidly growing portfolio. For Ansbacher, the agreement underscores its longstanding commitment to Ansbacher’s clients and employees in the Cayman Islands.

As of 1 April 2005, Pearline Trott assumes the position of Managing Director of Appleby Trust (Bermuda) Ltd. Pearline succeeds outgoing Managing Director, John Harper, who has been the Managing Director for over five years.

Prior to joining Appleby Trust in 1996, Pearline worked both at Butterfield Trust (Bermuda) Limited and Bermuda Trust Company Limited. She received a Diploma in Arts & Science (with merit) from the Bermuda College and a Bachelor of Arts Degree majoring in Economics and minoring in Business from Acadia University in Canada. She later attended the City Banking College in London, England and is the first Bermudian to attain the highly accredited designation of Associate of the Chartered Institute of Bankers. She is also a graduate of the Central Law Training Programmes where she successfully completed the Foundation Certificate and Diploma in International Trust Management with Distinction. Pearline, who has over 10 years experience in the trust industry, is also the former Chair of the Bermuda Branch of the Society of Trust and Estate Practitioners and currently sits on the STEP Caribbean Regional Committee.

Appleby Spurling Hunter Group Managing Partner, Peter Bubenzer noted that, "The Partners and staff of Appleby are pleased to see Pearline’s successful transition from Deputy Managing Director to Managing Director. We saw great potential in Pearline when she joined the Appleby Trust team and are delighted to now see it realised. We have full confidence in her ability to continue the high level of professionalism and integrity, and the effective management that John Harper has maintained over the past years in which he has managed Appleby Trust (Bermuda)." Mr. Bubenzer continued, "We are sad to see John leave Appleby Trust, but are very pleased that he will continue to serve as the Managing Director of Reid Management Limited."

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