Stuart Bray, who had served as a trust officer in Guernsey with Deutsche Bank, has returned from Northern Trust, where he held senior fiduciary and management positions. Mr Bray will head its fiduciary services offices in Mauritius and will report to the incoming Aaron Mullins in Singapore.

Lucas Waring, another former employee of the Deutsche bank in Guernsey, moves from the island’s Bachmann Trust branch to Geneva. He will take up the role of a trust manager at Deutsche.

Guernsey is the headquarters for Deutsche Bank’s fiduciary business. It also has offices in the Cayman Islands and Liechtenstein.