Management buyout leads to change
Appleby Fiduciary Business and the Appleby law firm are now two independent businesses.
It follows a management buyout from the Appleby Group by private equity firm Bridgepoint which was completed on New Year's Eve.
AFB will appoint a new chairman in the next few weeks.
AFB’s Isle of Man office, located in Athol Street, Douglas, will be led by Sean Dowling.
It currently employs more than 50 staff, with plans for further growth over the coming months.