Business News Archive

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April  2019  (56)

  • Mourant advises on private equity deal

    mourant logo 2018Global offshore law firm Mourant has advised Brazilian private equity firm IG4 Capital in connection with its agreement with Alberta Investment Management Corporation to inject 400 million reais ($107.26m) in Brazilian water service holding company Iguá Saneamento through the investment vehic...     [read more]

    By Mourant on  30 April 2019 
  • Pinel Advocates recruits senior lawyer

    Janina Porter_PinelPinel Advocates has appointed Janina Porter as a Senior Associate within its Wills and Probate team.  Janina has significant experience of Jersey probate applications, administration of estates and wills and succession matters.  She joins the firm from BCR Law, where she has spent the pa...     [read more]

    By Pinel Advocates on  30 April 2019 
  • Tech Nation highlights growth of Jersey tech sector

    Tech Nation logoJersey’s digital sector is already roughly equal in size to the tourism sector, with more than 100 new digital tech jobs being created each year since 2010, although there remains a concern about skills shortages on the island. These are just some of the key findings of a new independent revi...     [read more]

    By Digital Jersey on  30 April 2019 
  • Guernsey publishes economic substance guidance

    The States of Guernsey has published its guidance on economic substance, having consulted with industry to clarify legislative and reporting requirements to meet the EU Council Code Group’s standards. It has also been working closely with the other Crown Dependencies and the European Commissio...     [read more]

    By Guernsey Finance on  30 April 2019 
  • Ocorian names new Chief Financial Officer

    Anthony Zarmakoupis_OcorianJersey-based administration and fiduciary services provider Ocorian has appointed Anthony Zarmakoupis as its new Chief Financial Officer.    Anthony brings to the new role extensive international experience from the trust and corporate services sector. He has worked in a number of senior f...     [read more]

    By Ocorian on  30 April 2019 
  • Smith & Williamson appoints Jersey Director

    MatthewWilson_Smith&WilliamsonMatthew Wilson has joined Smith & Williamson International's investment management team in Jersey as Director, responsible for providing investment advice and management services to international and Jersey high-net-worth families.  Matthew has 20 years' experience working in the p...     [read more]

    By ORCHID on  29 April 2019 
  • Trust Corporation promotes two

    Nicki Garnham_TrustCorpTrust Corporation International has made two internal promotions – Nicki Garnham to the newly created role of Head of Finance and Mark Bougourd to Head of Client Accounting. Nicki has been with the firm for the past five years, previously as Client Accounting Manager, and will now provide lea...     [read more]

    By Orchard PR on  29 April 2019 
  • Private Equity Awards winners revealed

    PrivateEquityAwards logoThe Private Equity Awards, held in London last week, have recognised the best in European private equity.  Now in its 18th year, the event is one of the oldest for the private equity industry and those who advise it, supported by Cass Business School and a judging panel of leading industry pra...     [read more]

    By BL Global on  29 April 2019 
  • JTC announces senior appointments

    Tony Whitney_JTC_2019Fund, corporate and private wealth services provider JTC has appointed Tony Whitney (pictured right) as Chief Commercial Officer (CCO) and promoted Jonathan Jennings to Group Head of Institutional Client Services (ICS). Tony, who is based in Jersey, takes on the CCO role, a new Group Holdings ...     [read more]

    By Crystal PR on  29 April 2019 
  • Guernsey Green Finance and GIIA set out plans for insurance

    GuernseyGreenFinance logoGuernsey Green Finance (GGF) and the Guernsey International Insurance Association have set out a strategic view on ways to develop green insurance product in the island, in a response to a discussion paper from the Guernsey Financial Services Commission. The response was developed in a collaborativ...     [read more]

    By Guernsey Green Finance on  29 April 2019 
  • EY makes senior promotions in Channel Islands

    Daniel Luwum_EYEY has announced four promotions to the role of Senior Manager within its Channel Islands offices – Jo Bold, Adam Knight and Daniel Luwum within the assurance and advisory teams, and Cristian Anton within the tax team.  Jo has more than a decade’s experience in the wealth and asset...     [read more]

    By EY on  26 April 2019 
  • Oak acquires IAG

    Oak logo_March19Guernsey-based Oak, the newly launched private client, corporate services and fund administration group, has acquired International Administration Group (IAG).   Founded in 2000 by Mark Woodall and Alison Simpson, IAG is a specialist fund administration business also based in Guernsey. It ...     [read more]

    By Orchard PR on  25 April 2019 
  • Butterfield acquires ABN Amro (Channel Islands)

    ABN AMRO Private Banking wins ‘Outstanding Customer Relationship Service and Engagement’ in Private Banker International European Wealth AwardsABN Amro Bank has signed an agreement for the sale of its Channel Islands operations to Butterfield Bank.  The proposed transaction, which is still subject to regulatory approvals, is expected to close before the end of Q3 2019. The aggregate purchase price is reported to be £161m i...     [read more]

    By Orchard PR on  25 April 2019 
  • Guernsey Court of Appeal vindicates Carlyle Group

    Ogier new logoGuernsey's Court of Appeal has upheld the judgment that none of the US investment firm The Carlyle Group, its investment manager, Carlyle Investment Management, or the directors of Carlyle Capital Corporation, were responsible for Carlyle Capital Corporation, a Guernsey investment fund, going in...     [read more]

    By Ogier on  25 April 2019 
  • Government of Jersey releases Annual Report for 2018

    Government of Jersey logo 2019The Government of Jersey has published the States of Jersey Annual Report and Accounts for 2018.  The report shows that the organisation maintained a strong closing balance sheet, with net assets of £6.8bn, as well as reflecting rises in expenditure – up £80m (7%) on 2017. K...     [read more]

    By Government of Jersey on  25 April 2019 
  • JFSC helps set new standard for IFCs

    JFSC logo The Jersey Financial Services Commission (JFSC) has received top ratings for its trust company regulation following the first evaluation of its kind by the Group of International Finance Centre Supervisors (GIFCS). Jersey was the first international finance centre to be assessed under the GIFCS Sta...     [read more]

    By Jersey Financial Services Commission on  23 April 2019 
  • Jersey Finance responds to blacklist reports

    JoeMoynihan_JerseyFinanceJersey Finance has responded to recent reports in local and international media that Jersey is in danger of once again being included in the EU’s tax blacklist.  The reports claim that a review from a senior OECD official has called for amendments to Jersey's new legal framework for ...     [read more]

    By Jersey Finance on  23 April 2019 
  • Estera supports songs fund in new fundraise

    Hipgnosis logoFinancial services specilalist Estera has supported Hipgnosis Songs Fund with its first fundraise, which has significantly exceeded its target. Hipgnosis Songs Fund is a Guernsey-registered fund that invests in songs and musical intellectual property rights and trades on the Specialist Fund Segment...     [read more]

    By Estera on  23 April 2019 
  • Jersey Finance appoints to Dubai office

    Mihaela Cornelia MoldoveanuJersey Finance has made two appointments to the team in its Dubai office – Mihaela Cornelia Moldoveanu (pictured) as Business Development Director, Gulf Markets, and Faizal Bhana, Business Development Director, Middle East and Africa. Fluent in six European languages, Mihaela (known as E...     [read more]

    By Jersey Finance on  18 April 2019 
  • Business Tendency Survey published

    Statistics Jersey logoThe quarterly Jersey Business Tendency Survey (BTS) has been released, providing timely, qualitative information about the island’s economy. As part of the survey, compiled by Statistics Jersey, chief executives and managing directors are asked for their opinions on the current situation of t...     [read more]

    By Government of Jersey on  18 April 2019 
  • Carey Olsen advises on insurer acquisition

    careyolsen logo_2017A cross-jurisdictional Carey Olsen team has advised global professional services firm Marsh & McLennan Companies (MMC) on its acquisition of insurer Jardine Lloyd Thompson Group for $5.6bn in fully diluted equity value.   The acquisition, which was first announced in September 2018, has now...     [read more]

    By Carey Olsen on  18 April 2019 
  • Estera advises in Guernsey Green Fund first

    Guernsey Green Fund logoFund administration and fiduciary services provider Estera has advised Bluefield Solar Income Fund on its application for accreditation as a Guernsey Green Fund – making it the first London-listed investment fund to achieve Guernsey Green Fund status.    Independent certification was...     [read more]

    By Estera on  16 April 2019 
  • Crestbridge names MD in Bahrain

    BasharBazian_CrestbridgeJersey-based administration and corporate governance business Crestbridge has appointed Bashar Bazian as Managing Director of its Bahrain office. The office, which became part of Crestbridge in April 2017 after the acquisition of Ohad Trust, provides a wide range of services, including administrati...     [read more]

    By Crystal PR on  16 April 2019 
  • GIBA announces leadership changes

    TonyMancini_GIBAThe Guernsey International Business Association (GIBA) has appointed a new Chair and Deputy Chair. Tony Mancini (pictured right), a Tax Partner at accountancy firm KPMG, takes up the position of Chair. Tony has previously sat on the association's Executive Committee as Deputy Chairman.  H...     [read more]

    By Black Vanilla on  15 April 2019 
  • Apex names new pan-island leader

    GarethSmith_ApexGroupFund administrator Apex Group has appointed Gareth Smith as its new Head of Channel Islands, to manage the group’s operation and client service delivery across Jersey and Guernsey. A qualified Chartered Accountant with technical expertise in property and private equity fund, Gareth joins from...     [read more]

    By Apex Group on  15 April 2019 
  • IoD Jersey elects Lisa Springate as Chair

    LisaSpringate_BL2018The Institute of Directors has elected Lisa Springate, Head of Technical at Jersey Finance, as the new Chair of IoD Jersey. She will succeed Chris Clark at the IoD Annual Members Meeting on 23 May.   Lisa has been a member of the board of the IoD since 2017. A UK Barrister/Jersey Advocate, as H...     [read more]

    By Natasha Egre on  15 April 2019 
  • Lexstone makes two appointments

    Charlotte Brambilla_LexstoneJersey-based law firm Lexstone has recruited two international private wealth practitioners into consultancy roles, to strengthen the firm's offering for local charities, and in pensions and trusts law. Charlotte Brambilla, a Jersey Advocate and English Barrister, brings to the firm more t...     [read more]

    By Lexstone Lawyers on  15 April 2019 
  • Estera appoints Associate Directors in Guernsey

    Andre de la MareFinancial services provider Estera has appointed Andre de la Mare and Sharon Rogers as Associate Directors within its Guernsey office.   Andre and Sharon will be responsible for helping Estera and its Directors manage and develop the firm’s private wealth and corporate services. They will...     [read more]

    By Estera on  15 April 2019 
  • WealthBriefing Awards winners announced

    WealthBriefing European Awards 2019Several companies with operations in the Channel Islands have triumphed at this year’s WealthBriefing European Awards. The awards presentation, held on 11 April in London, showcased the best providers across the private banking, wealth management and adviser sectors – individuals a...     [read more]

    By WealthBriefing on  15 April 2019 
  • Moore Stephens sets up pan-island audit department

    PhillipCallow_MSMoore Stephens has brought together its audit teams across the Channel Islands under the leadership of Managing Director Phillip Callow (pictured), in his extended role as Head of Channel Islands Audit and Assurance.   Phillip, a fellow of the ICAEW, has more than 20 years’ experience wit...     [read more]

    By Orchard PR on  11 April 2019 
  • Rathbone makes Director appointment

    Joel Graves_RathboneJersey-based Rathbone Investment Management International has appointed Joel Graves as an Investment Director, responsible for managing multi-asset discretionary portfolios for private clients, offshore trusts and charities. Joel began his finance career in 2005 as a Wealth Manager with HSBC i...     [read more]

    By Rathbone on  11 April 2019 
  • CIISF seminar to focus on cyber defences

    CIISF logoThe Channel Islands Information Security Forum (CIISF) is holding a seminar on 17 April entitled Building your own cyber security capabilities. The free-to-attend event will be held from 12.45pm to 2pm at the Digital Jersey Hub in St Helier. It will explore how we can defend ourselves against the p...     [read more]

    By KPMG on  10 April 2019 
  • Standard Bank reports ongoing growth in Jersey

    StandardBank_logo 2018Standard Bank Wealth International, based in Jersey but with offices also in the Isle of Man and Mauritius, has announced a positive set of results for 2018, reflecting a year of continuing growth for the business. Headline earnings (the primary measure of earnings after tax and other adjustme...     [read more]

    By BWI on  9 April 2019 
  • Brooks Macdonald features in new wealth talent list

    Andrew Prosser_BMAndrew Prosser, Investment Manager at Brooks Macdonald International, is the only Channel Islands-based professional to feature in a recently released list profiling emerging wealth talent, published by Citywire. Andrew, based in Jersey, has been named in the Top 30 under 30: the 2019 class of...     [read more]

    By Crystal PR on  9 April 2019 
  • Intertrust Jersey announces Director promotions

    Intertrust _Laura ButlerIntertrust has made two Director appointments within its Jersey office – Laura Butler in the performance and reward management team and Helier de Veulle in compliance, risk and control.  Laura has more than 20 years' experience working with employment benefit trusts and company share...     [read more]

    By Orchard PR on  8 April 2019 
  • Jersey Finance applauds record employment in finance industry

    Jersey Finance lionSustained jobs growth and record levels of employment in Jersey’s financial services industry reflect an optimism in Jersey’s future as an evolving, forward-thinking international finance centre, according to Joe Moynihan (pictured), Chief Executive of Jersey Finance. The latest Jersey ...     [read more]

    By Crystal PR on  8 April 2019 
  • Catalyst merges with Sionic Advisors

    CatalystDevelopment logoLondon-based financial markets consultancy Catalyst Development has announced its merger with global financial services specialist Sionic Advisors.  The deal is set to create a consulting firm with a combined revenue of over $60 million and more than 300 staff across North America, Europe and ...     [read more]

    By Catalyst Development on  8 April 2019 
  • Appleby advises TBBR on acquisition

    Appleby thumbnail logoAppleby has assisted longstanding client Tritax Big Box REIT (TBBR) with its £370 million acquisition of an 87% stake in UK warehouse developer db symmetry, which completed at the end of February, and TBBR's raising of £400 million via a US private placement. db symmetry h...     [read more]

    By Appleby on  8 April 2019 
  • Canaccord makes two promotions in Guernsey

    Andy Finch_apr19Canaccord Genuity Wealth Management in the UK & Europe – CGWM (UK) – has announced two senior promotions within its Guernsey operation. Andy Finch (pictured Right) has been promoted to Managing Director, CGWM (UK) Funds, while Chris Colclough (below) has become Head of Wealth Managem...     [read more]

    By ORCHID on  8 April 2019 
  • JFSC proposes fee changes for registry services

    JFSC logo The Jersey Financial Services Commission (JFSC) is seeking island-wide feedback on its proposals to change fees for registry services. The regulator is asking local businesses and the general public to share their views on suggested increases and decreases to registry fees which, if agreed, would c...     [read more]

    By Jersey Financial Services Commission on  8 April 2019 
  • IoD announces Jersey Director Awards finalists

    IoD LogoThe Jersey branch of the Institute of Directors (IoD) has announced a 23-strong shortlist of individuals for the 10th annual search to find the top leaders across Jersey’s private, public and voluntary sectors. The IoD Jersey Director of the Year Awards celebrate strong leadership and recogni...     [read more]

    By IoD on  5 April 2019 
  • Communications business launches in Guernsey

    Vaiie logo_Apr19A new digital business focusing on internal and external communications has launched in Guernsey.   The business, Vaiie, offers a range of services, from customer communication management platforms and digital transformation software to communications campaign management tools.   It is a c...     [read more]

    By Orchard PR on  5 April 2019 
  • Second Premier Inn planned for St Helier

    Bath Street RedevelopmentJersey property investment and development company Le Masurier has entered into an agreement with Whitbread, the parent company of Premier Inn, to bring a second Premier Inn to Jersey, as part of a major redevelopment in the north of St Helier. The proposed £70 million redevelopment, on Bath ...     [read more]

    By Freedom Media on  5 April 2019 
  • Guernsey Green Finance launches business leaders group

    GuernseyGreenFinance logoGuernsey Green Finance, which was launched in January to support financial sustainability efforts on the island, has launched a new group, the 20 for 20 Business Leaders for Sustainable Finance Network. The group aims to build a community of business leaders and influencers committed to develo...     [read more]

    By We Are Guernsey on  5 April 2019 
  • Walkers makes Partner appointment

    NigelSanders_WalkersWalkers has welcomed back Nigel Sanders, who, after a 13-year break from the firm, becomes a Partner within the Jersey Insolvency and Dispute Resolution practice.    Nigel first joined Walkers in the Cayman Islands in 2003, after several years working at London law firms Frere Cholmley Bis...     [read more]

    By Walkers on  5 April 2019 
  • Jersey welcomes European Investment Bank move

    JoeMoynihan_JerseyFinanceThe recent publication of a new policy from the European Investment Bank (EIB) Group provides clarity around Jersey’s ability to continue to support the European Investment Fund (EIF), according to Jersey Finance. The EIB Group published its updated policy at the end of March, repla...     [read more]

    By Crystal PR on  5 April 2019 
  • JTC reports growth in annual results

    JTC Logo 2018Jersey-based financial services provider JTC has reported positive growth in 2018 and a strong improvement in its profit margin, in its first set of full-year results as a public company. The business, which is listed on the Main Market of the London Stock Exchange, grew revenues by 29.3% to £...     [read more]

    By Crystal PR on  3 April 2019 
  • Estera appoints Jersey Operations Director

    Melanie McEnery_EsteraFiduciary and administration services provider Estera has appointed Melanie McEnery as Operations Director, based in Jersey.   Mel joined Estera in July 2006 as Operations Manager. She subsequently became a Client Director and was appointed to the board in April 2017.   She has over 20 yea...     [read more]

    By Estera on  3 April 2019 
  • Walkers forms Jersey LLP

    Walkers Logo 2018Walkers’ Jersey office has announced that it will be trading as Walkers (Jersey) LLP from 1 April, when it became a limited liability partnership registered under the Limited Liability Partnerships (Jersey) Law 2017. From that date, Walkers (Jersey) LLP will also be recognised as a legal serv...     [read more]

    By Walkers on  3 April 2019 
  • Guernsey housing activity remains on the up in Q1

    Jason_Morgan_CareyOlsenSales activity in the Local and Open Markets was at their highest first quarter levels since 2011 and 2007 respectively, according to the latest conveyancing statistics compiled by Unusualities of Guernsey, an independent compiler of local conveyancing statistics.   Figures reveal that there we...     [read more]

    By Carey Olsen on  2 April 2019 
  • ICSA Jersey conference to focus on boardroom resilience

    icsa logo 2018ICSA: The Governance Institute’s annual conference in Jersey is this year addressing the theme of ‘Building Board Resilience’.  Taking place at the Royal Yacht Hotel on 2 May, the conference will focus on the importance of creating effective boards that are fit for the future...     [read more]

    By ICSA on  2 April 2019 
  • GFSC issues AML/CFT reminder

    GFSC logoThe Financial Crime Division of the Guernsey Financial Services Commission has reminded firms that the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2018 came into effect on 31 March 2019.   Consequently, Schedules 3, 4 and 5 to the Criminal Justice (Proce...     [read more]

    By Guernsey Financial Services Commission on  2 April 2019 
  • Collas Crill appoints new Partner

    MATT-GILLEYCollas Crill Jersey has appointed Matthew Gilley as a Partner in its corporate, finance and funds department.  Joining the firm from Ogier, Matthew specialises in financing transactions for international banks and acts for a wide range of Jersey, UK and European financial institutions and seni...     [read more]

    By Black Vanilla on  1 April 2019 
  • Guernsey reopens investment talks with EIF

    Dominic WheatleyGuernsey funds have been reopened to millions of euros of potential investment as a result of confirmation from the European Council of Finance Ministers (ECOFIN) that the island is no longer considered a non-transparent and uncooperative jurisdiction by the European Union. Confirmation in March th...     [read more]

    By Guernsey Finance on  1 April 2019 
  • Ogier Guernsey team advises on fund launch

    CraigCordle_OgierApr19Ogier's Guernsey team has advised investment management firm Baillie Gifford on the $477 million launch of the Schiehallion Fund, which is admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange. An Ogier team led by Partner Craig Cordle (pictured) adv...     [read more]

    By Ogier on  1 April 2019 
  • Salary survey highlights staff priorities

    NatalieMcMullenJersey employees are continuing to prioritise job security and good working conditions, according to a survey conducted by Optimus Recruitment.   The survey gathered opinions from more than 680 islanders to better understand their views on salaries and the workplace.   Across all industrie...     [read more]

    By Direct Input on  1 April 2019 

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