Abacus makes key appointment to the Board of its IoM Trust Company

Leading corporate, fiduciary and fund services Group, Abacus, is pleased to announce the promotion of Kevin Loundes to Director of Abacus Trust Company Limited (ATCL) as part of its ongoing strategy to deepen its client service capabilities and its people resources plan for the long term strength of the Group.

With over 20 years’ experience in taxation, 10 of which spent advising offshore clients, with particular regard to residence, domicile and the use of offshore trusts and companies for wealth and estate planning, Kevin has a wealth of experience and a comprehensive knowledge of the markets in which Abacus works as well as its own business cultures and operations.

Abacus CEO, Andrew Tailby-Faulkes, said: “On behalf of Abacus, I would like to congratulate Kevin on his recent promotion to Director of ATCL in the Isle of Man. Kevin continues to demonstrate a strong drive in supporting and growing the business and has a range of skills and knowledge which significantly complements our service offering. We know that he will be invaluable to our ongoing strategies to drive the business forward as well as our continued efforts to maintain our position as a leader in our field.”

Commenting on his new appointment, Kevin said: “I enjoy being part of such a dynamic and proactive company. Having joined Abacus in 2016, I am very much looking forward to the challenges that my new role holds for me and also hope to continue my part in the company’s business development initiatives, working as part of the management team to support the company’s growth going forward.”

Kevin began his career training as a Chartered Accountant at Deloitte before moving to KPMG to specialise in Tax where he qualified as a Chartered Tax Advisor. He joined Abacus in 2016 as Senior Tax Manager and was then promoted to Tax Director in 2018. Kevin has a wealth of experience in the provision of international and UK tax advice having advised a wide range of clients including offshore funds, property structures, trustees of offshore trusts and high net worth individuals.

Kevin is a fellow of the Institute of Chartered Accountants in England & Wales and a member of the Chartered Institute of Taxation.