Overview of Private Wealth Services

We provide forward thinking solutions for high and ultra-high net worth individuals and families, as well as multi and single family office arrangements.

Formation Services for Private Clients

Our highly experienced teams ensure your structure is established and managed in an efficient and compliant manner, throughout every stage of its life cycle.

Private Wealth Administration Services

From financial administration to regulatory compliance, our personalised services ensure your private wealth structures are managed effectively and efficiently across jurisdictions.

Company Secretarial & Governance Services

Our full suite of company secretarial services provides tailored board support to help ensure sound management and governance of your entities.

Overview of Corporate Services

We have the expertise and multi-jurisdictional capabilities to establish and administer thought-through, beneficial and compliant structures, providing the required level of substance for international corporate clients.

Company Formation Services

We assist in the creation and structuring of business entities across a network of jurisdictions to ensure compliance and operational efficiency.

CoSec Solutions

Our CoSec offering supports businesses at all phases of the business journey, ensuring their governance and compliance obligations are met promptly and efficiently.

Overview of Pensions & Employer Solutions

We combine forward-thinking innovation with sector expertise to provide comprehensive and tailored pensions and employer solutions.

Annuity Solutions

We provide non-insured annuity solutions from our offices in Guernsey, seeking to match the solutions available in the market with the specific requirements of the client.

Employer Solutions and Group Pensions

We provide a variety of services for a wide range of employer needs whether for an entire workforce or for a select group of employees as an incentivisation mechanism.

End of Service Benefits (EOSB)

We work directly with companies and their advisers in the UAE to provide a tailored solution, establishing a special purpose trust, with the aim of providing security and control with enhanced flexible employee benefits.

The APS Occupational Pension Scheme Financial Statements

We offer tailored occupational pension solutions to provide secure and reliable retirement benefits for your employees.

Overview of Yacht Services

With over 50 years’ experience in yacht ownership and operational services, our yacht services division (formerly Sarnia Yachts) is one of the longest standing teams in the yacht sector.

Yacht Crew Management

Our yacht crew management services handle recruitment, training, and administration, ensuring your vessel is operated by a suitably qualified, professional and well-supported crew.

Find out more about our crew management services:

Yacht Management Services

Comprehensive yacht management services cover maintenance, logistics, and regulatory compliance, ensuring your yacht operates smoothly, efficiently and safely.

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James Barber-Lomax

Group Head of Pensions & Employer Solutions returns to UAE as Praxis’ Middle East focus gains traction

09 January 2024

James Barber-Lomax, Group Head of Pensions & Employer Solutions for global private wealth and corporate services provider Praxis has relocated back to the UAE as the Group seeks to build on its current position in the provision of services to the employee benefit and end of service gratuity (EOSB) market in the region.

James first relocated from London to the UAE in 2016 to assist with the establishment of PraxisIFM Trust Limited in ADGM, which was the first regulated trust company in the international financial centre.

Praxis Group has 10 years of experience in the employer solutions market in the UAE and is the only firm regulated by the ADGM to provide EOSB to retail clients.

With an eye to the estimated nine million* expatriate workers in the UAE, Praxis has developed and recently launched a digital platform in a joint venture with the UAE’s National Health Insurance Company - Daman, a subsidiary of PureHealth - the largest integrated healthcare platform in the Middle East.

The Daman Gratuity and Employee Benefits (GEB) Trust delivers a sophisticated and tailored employee gratuity program that will enable companies in the region to manage their end of service (EOS) liability for expatriate employees along with optional personal savings plans for all employees.

James said: ‘Partnering with Daman on the launch of the Daman GEB Trust marks a significant development for Praxis, and it is a very exciting way for us to be ramping up our presence in the ADGM.

‘Having lived and worked in the UAE extensively over the past decade, I have seen the region develop into a thriving international finance centre that provides significant business and lifestyle benefits. It’s great to be back here on a permanent basis.’

Along with driving the development of the Group’s employer solutions services in the Middle East, James also leads the Group’s cross-border specialist pension and annuity solutions teams in Guernsey and Malta.

*Source: Global Media Insight