JCAP Treasury Services, part of Team, have announced that Andy Skimmings has been appointed as an Executive Director to focus on new business development and risk management.

Operating from offices in St Helier, JCAP deliver technology-based solutions for the management of cash, foreign exchange and counterparty risk management. JCAP partner with investment managers, corporate service providers and trustees in the UK and Channel Islands.

Andy (pictured) is a specialist in foreign exchange, deposit and credit markets both locally and internationally having spent the last 15 years as a Senior Treasurer at BNP Paribas, Jersey. Prior to that, he held Treasury positions at both ANZ Grindlays Bank (now Standard Chartered Bank) and Nedbank CI.

Andy’s experience is directly suited to expanding JCAP’s capabilities in risk management alongside developing new business opportunities having worked in the

banking sector for the past 3 decades.

Mark Clubb, Director of JCAP and executive Chairman of TEAM plc commented: “Since we acquired JCAP in 2021, we have been delighted with the impact that JCAP have brought to the complementary businesses under the TEAM Plc banner, and we fully expect Andy’s experience to add significant value to the JCAP offering.”

Andy added: “I am delighted to be appointed as a Director at JCAP. I have spent the last 30 years working in the Jersey finance sector and this is a really important time to be providing clients with sound risk management advice on the back of the recent banking challenges following the collapse of SVB and sale of Credit Suisse. JCAP is a strong brand in our market and I am looking forward to developing the business alongside the team.”