A GUERNSEY offshore investment management company is branching out into Jersey. Dawnay Day Milroy said the decision to open another office made it one of the largest independent offshore investment managers and was a sign of the firm’s commitment to the Channel Islands.

Guernsey director Robert Milroy said DDM offered an opportunity for clients to move away from the big institutional approach to wealth management.

‘Our size and attitude mean that we are not bound by the confines of the institutional approach,’ he said.

‘It gives us a chance to provide the level of service that clients deserve, demonstrating the agility, dynamism and results that, sadly, are rarely delivered by large organisations.’

DDM has always been based in Guernsey and focused on an absolute return service to clients, generating returns in excess of 11% per annum over the last eight years.

Scott Kelly will be leading the Jersey business and believes there is potential to expand the market.

‘Dawnay Day provides both the track record and the ability to proactively manage portfolios while providing a personal relationship that makes us distinct from others,’ he said.

‘Many firms talk absolute return, but how many have delivered?’