Stacy Withe, Director, Funds & Institutional at IQ-EQ Jersey features in Jersey’s Gallery magazine. Here Stacy shares her career path and greatest professional accomplishments.
I began my career in the finance industry in 1993 and have worked for various trust companies since then, with the last 15 years primarily focused on corporate and institutional clients. I joined IQ-EQ in 2017 and, when we integrated our corporate and funds teams in Jersey last year, I became a director of the Funds & Institutional business.
What do you do day-to-day?
I lead a team of 10 who administer a variety of structures that mainly hold real estate located across the globe. This includes a mix of student accommodation, retirement villages, retail outlets and offices. I have a great team; everyone gets on extremely well and we have a fantastic, appreciative client base, which makes the days go really quickly.
Aside from client work, I also get involved in the operational side of the business, working on policies and procedures and data collation for smoother processes, which involves closely working with our compliance team.
Which female do you find inspirational?
I was lucky enough to have female bosses for my first two jobs, both of whom were extremely ambitious and great mentors. They taught me what good leadership looks like, and I always try to build my own team like they did theirs.
Best bit of your job?
My job is so varied it will depend on the day. Taking team members on asset tours (when we can travel) is one of the best things as it really helps people understand the financials behind each asset – and it’s always a good day out!
Hardest bit of your job?
Public speaking! I may be extremely confident in small groups, but presentations to large groups is something I will never get used to.
Do you think there are any benefits to being a female in your industry?
I have never felt an advantage or disadvantage to being a female.
What would you say is your greatest professional accomplishment to date?
I became a director of a regulated trust company in my early 30s. I had my first child when I was very young and didn’t finish my A levels, so to be made a board member at 31 was definitely a huge achievement.
Do you have any work goals for 2021?
Last year was an extremely busy one for our Funds & Institutional business, with the integration, implementation of new systems and lots of new hires. This year will see several new senior hires in our Jersey office, which will really strengthen our offering. In addition, we have a great business pipeline for 2021, so I am looking forward to meeting lots of new colleagues, clients and advisors.
What advice would you give to someone starting out in your industry?
Believe in yourself and don’t be afraid to ask questions.
Director, Funds & Institutional