Behind the Business: An interview with Aidan Davin
Thursday 05 April 2018
Isle of Man Newspapers meets with Aidan Davin, Managing Director, Equiom (Isle of Man) Limited.
If there’s one thing that’s in abundance at Equiom it is ambition. Created after a management buyout led by Sheila Dean in 2006, the professional services provider set its sights high from the beginning.
Twelve years and 21 acquisitions later, it has now grown to operate in 15 jurisdictions with a staff of 625. Of these, some 206, including several global heads of departments, are based in the Isle of Man.
Managing Director Aidan Davin puts the business’s success down to the energy within the team and its can do attitude.
'We tend to look at things and say why not, rather than why. Our approach is let’s go out and find a way to do it,' he says.
Equiom Isle of Man has three key areas of expertise:
- ownership structuring for yachts and aircraft
- traditional trust and inter-generational wealth management for private clients; and corporate work
- real estate where it typically helps provide structures for holding property
It may sound like standard financial services fare but Aidan is keen to stress that working at Equiom is far from 'just a regular office job.'
'I really want to dispel the myth that a lot of jobs in financial services are ‘boring office work’. Yes, you do work in an office a lot of the time but when I look back at my own career, I’ve had the opportunity to travel the world, meet some of the most influential and wealthiest people in some of the biggest financial centres around the globe.
At Equiom we look after some of the world’s most amazing landmark properties and the most luxurious superyachts. All of that has been a privilege and an exciting thing to do. In fact it’s been amazing to do all that from a job in a relatively small island in the northwest of the British Isles.
People often think that going off to London will be a more exciting place to work but it’s really important not to overlook the opportunities on your doorstep.'
The same approach goes for Equiom’s business development strategy, adds Aidan.
'It’s easy to fall into the trap of concentrating on new opportunities in new jurisdictions and ignoring the business opportunities in front of us. We’ve been careful to build strong local links and networks here as well as further afield.'
Having created the business here – and even incorporated the Isle of Man into its name – Equiom is a keen ambassador for all things Manx and a committed contributor to the local community. It has recently taken on three young people through the Chartered Institute of Marketing (CIM) and Manx ICT Association (MICTA) apprenticeship schemes and supports a range of local good causes including the Manx Breast Cancer Support Group, the Isle of Man Junior Cycling team and Laxey AFC Juniors, all of which benefit from the active involvement of Equiom staff.
In fact 'active' seems an appropriate word for Equiom all round. And with more potential jurisdictions in the pipeline, and growing demand for related services such as payroll and accountancy, the future looks just as busy.
'We see no end of opportunity for our business or our people,' says Aidan.
Learn more about Equiom's Isle of Man office