Estera hires Patel as MD Head of Sales – Americas, Bermuda, Caribbean

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Estera, a global service provider to reinsurance and insurance-linked securities (ILS) markets, has announced the hiring and appointment of Sonal Patel as its new Managing Director, Head of Sales – Americas, Bermuda and Caribbean.

Estera is a global provider of funds, corporate administration and trust services and an active service provider to the ILS and reinsurance markets with a strong presence in Bermuda.

Sonal Patel has been hired from her most recent role at BNY Mellon as Managing Director – Business Development, US and Americas. She has 20 years experience in business development, sales and relationship management.

In her new role at Estera, Patel will be focused on driving the firm’s regional growth strategy, as well as growing and developing relationships with US clients and intermediaries for Estera Bermuda, BVI and Cayman Islands.

James Maitland, Regional Head of Americas, Bermuda and Caribbean at Estera, commented on the news, “We are pleased to welcome Sonal to Estera as we continue to execute our key strategic business priorities and enhance our client experience. Sonal’s partnership and expertise will play a key role in driving our growth across the region.”

Farah Ballands, Group CEO at Estera, also 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.”

Sonal Patel added, “This is an incredibly exciting time to be joining such a dynamic business. 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.”

In July we reported that Estera had recently been acquired and will combine with corporate administration and fiduciary service provider Ocorian.

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