Offshore trust company Rathbones Trust in Jersey has been spun-off by its parent Rathbone Brothers and renamed Hawksford International as part of a mangement buyout. The new business will be headed up by a former Goldman Sachs private banker.

Michael Covell, previously managing director in Goldman Sachs' European private wealth management business, is joining Hawksford as non-executive chairman. He was at Goldman Sachs for seven years before leaving earlier this year.

Ex-Goldman Sachs private banker to lead Rathbone spin-off

Tara Loader Wilkinson

Rathbone Brothers

Goldman Sachs

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