Estera recruits BNY Mellon exec into funds unit


Estera, a global provider of corporate administration, funds and trust services, has appointed Sonal Patel as Managing Director, Head of Sales - Americas, Bermuda and Caribbean.

Patel joins Estera as strategic enhancements continue to be implemented across the group. This includes investments in leadership, facilities and enhanced service capabilities. Patel will focus on implementing Estera’s regional growth strategy and developing relationships with US clients and intermediaries for Estera Bermuda, BVI and Cayman Islands.

Previous to joining Estera, Patel worked for BNY Mellon in business development, sales and relationship management. She worked as the Managing Director – Business Development, US and Americas where her responsibilities included sourcing and cultivating new business opportunities across businesses and geographies.

Patel said: “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.”

Group CEO at Estera, Farah Ballands, added: “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.”

James Maitland, Regional Head of Americas, Bermuda and Carribbean at Estera, said: “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.”

Estera, BNY Mellon, Appointment, Funds, Trusts, Sonal Patel, Cayman Islands

Cayman Funds