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New Jersey-based Fairway Group, an independent fiduciary business providing trust, fund and pension services, has officially launched operations in Bahrain as part of the company’s global expansion plan. In the early phase, the new Bahraini office will focus primarily on providing trust services to high net worth families and individuals. Additionally, it will also extend select few services to corporates.

Up next, the company will start building the requisite infrastructure and resources to provide fund and pension services. The inauguration of the Bahraini office, conveniently located at Bahrain Bay, was attended by a number of key government officials, accompanied by representatives from the Jersey Finance Group. The move to launch operations in the Kingdom was motivated by the success achieved by Fairway Group’s existing partnerships in the GCC region, including that with Emirates NBD in Dubai.

Dr. Simon Galpin, Managing Director of Bahrain Economic Development Board (EDB), lauded Fairway’s move into the Kingdom by saying: “We are delighted that Fairway Group has decided to expand its operations in Bahrain. The growing demand for sophisticated financial services and corporate solutions reflect an excellent opportunity for further growth in the sector.  Our strong regulatory environment, low costs, and one of the most educated workforces in the region make Bahrain an ideal location for companies like Fairway Group.”

The company’s Bahrain-specific operations will be handled by Graeme Fairlie, International Business Development Executive at Fairway Group. In addition to his existing responsibilities, Fairlie will also take over as Fairway’s Regional Manager in Bahrain.