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Estera appoints Patel to top sales role

New recruit: Sonal Patel has joined Estera

Estera, a provider of corporate administration, funds and trust services, has appointed Sonal Patel as managing director, head of sales — Americas, Bermuda and Caribbean.

Ms Patel will focus on implementing Estera’s regional growth strategy, further developing relationships with US clients and intermediaries for Estera Bermuda, BVI and Cayman Islands.

She has more than 20 years’ experience at BNY Mellon in business development, sales and relationship management. Most recently Sonal was the managing director, business development, US and Americas, where she was responsible for the company’s largest and most complex global client relationships.

James Maitland, regional head of Americas, Bermuda and Caribbean at Estera, said: “Sonal’s partnership and expertise will play a key role in driving our growth across the region.”

Farah Ballands, Group CEO at Estera, said: “The last few years have been tremendously successful for Estera. We have seen very strong results with significant revenue growth and we have built a well-diversified business.

“As well as investing in the growth of our long-established corporate and trust business we have also built a fully-fledged global funds capability. The wealth of experience that Sonal has will be invaluable to Estera, and her appointment will help take us to the next level, particularly in servicing US clients.”

Ms Patel said: “Estera has an exceptional track record, provides outstanding client service and I can see many opportunities across jurisdictions to help build Estera’s profile in the Americas.”

Estera employs more than 550 people globally and services over 6,000 clients through its offices in both offshore and onshore jurisdictions.