GARRY Crossan, director of fiduciary service provider Abacus Trust Company Limited, is to leave the Isle of Man to head up Abacus' new Maltese corporate arm.

He will join his new team in Mriehel, Malta, next week, where he will become chief executive officer of Abacus Corporate Services Limited.

Garry said: "I am very much looking forward to relocating to Malta to take up this challenging new role and to take advantage of the opportunities Malta provides as a well regulated and attractive EU tax jurisdiction for our existing international client base.

"It is also an ideal geographical location for Abacus to market its services in Europe and the Middle East."

Group chairman Chris Talavera said: "Garry has extensive knowledge in the offshore fiduciary and services industry and has vast experience dealing with international clients and fiduciary structures.

"Establishing a new company within a new marketplace presents a variety of challenges, however we are certain that Garry will lead our new company in the right direction, promoting our services in Malta whilst reflecting the group's corporate values and objectives."

Garry joined Abacus in September 2009 following 22 years in senior management roles in the Cayman Islands.

Also see: Abacus appoints new client director