Business News Archive

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December  2018  (43)

  • Caledonia buys stake in Stonehage Fleming

    Stonehage Fleming logoLSE-listed investment trust company Caledonia Investments has agreed to acquire a significant minority stake in family office firm Stonehage Fleming, which has offices in Jersey.  The transaction has been approved by both boards and by Stonehage Fleming shareholders, representing 91.8% of...     [read more]

    By Stonehage on  28 December 2018 
  • Jersey announces Ready for Brexit week

    ReadyforBrexit logoWith 100 days to Brexit, the government of Jersey has announced plans for a series of public events to engage residents and businesses in the preparations under way for the UK’s exit from the European Union. Ready for Brexit (#ReadyBrex) week will start on 14 January, when a series of events ...     [read more]

    By States of Jersey on  20 December 2018 
  • GTA event to discuss offshore in a post-Brexit world

    The impact of Brexit on the future of the offshore economy and the importance of understanding the potential repercussions on the local finance industry will be discussed at an event to be held by the GTA University Centre in the new year. The event – The Future of Offshore in a Post-Brexit E...     [read more]

    By Orchard PR on  20 December 2018 
  • JCAP appoints Treasury Manager

    KarlLeFevre_JCAPJersey-based treasury management specialist JCAP has appointed Karl le Fevre as its Senior Treasury Manager.   Karl has worked in the finance industry since 1997, beginning his career at RBSI in Jersey.  He has spent the past seven years as Treasury Manager within Enhance Group, but move...     [read more]

    By JCAP on  20 December 2018 
  • CICRA publishes 2019 work programme

    CICRA logoThe Channel Islands Competition and Regulatory Authorities (CICRA) has published its work programme for 2019.  The programme covers its three areas of work as the economic regulator in the Jersey and Guernsey telecoms sector, the Jersey postal and ports sector. It also covers its role in compe...     [read more]

    By ORCHID on  20 December 2018 
  • Brexit under the spotlight at IoD Leaders Lunch

    IoD LogoJersey’s Institute of Directors is set to hold a significant public debate on Brexit in the new year, featuring Brexit expert Allie Renison (pictured) and Jersey’s External Relations Minister, Senator Ian Gorst. The first IoD Leaders Lunch of 2019 – entitled Beyond Brexit &nd...     [read more]

    By IoD on  19 December 2018 
  • HSBC highlights benefits of greener supply chains

    HSBC_Navigator_dec18Businesses around the world are looking increasingly to sustainability to unlock new financial benefits, and companies in the Channel Islands have the potential to reap similar financial rewards if they can capitalise on sustainable practices, according to Warwick Long (pictured), HSBC’s Head ...     [read more]

    By Crystal PR on  19 December 2018 
  • Enhance appoints Non-Executive Chairman

    LyndonTrott_EnhanceInvestment reporting and consultancy services group Enhance has appointed Lyndon Trott as Non-Executive Chairman.  Lyndon, who has served as a Non-Executive Director at Enhance since 2016, takes over the role from the group’s founder, James Painter, who will remain on the board in an NED...     [read more]

    By Enhance Group on  18 December 2018 
  • Accuro announces Jersey appointment

    SiobhanCrick_AccuroTrust and family office business Accuro has appointed Siobhan Crick as a Client Services Director within its Jersey office.  Siobhan's appointment will be key to the firm's targeting of market trends towards alternative, robust corporate solutions for private clients and co-investment ...     [read more]

    By Accuro on  18 December 2018 
  • GFSC releases Q3 2018 investment fund statistics

    GFSC logoInvestment fund statistics for the third quarter of 2018 have been published by the Guernsey Financial Services Commission:  Investment funds   The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2018 b...     [read more]

    By We Are Guernsey on  18 December 2018 
  • Intertrust makes Jersey appointments

    ShaneHugill_IntertrustIntertrust has made two appointments to its senior team in Jersey.   Tania Bearryman has been named Executive Director, Trust & Company Services, where she will have oversight of Intertrust’s private wealth, treasury and investments, capital markets, corporate services, and perfo...     [read more]

    By Orchard PR on  18 December 2018 
  • Duff & Phelps makes senior hire

    Harry Sutton 2018Jersey-based financial services consultancy Duff & Phelps has appointed Harry Sutton as a Senior Associate within its Compliance and Regulatory Consulting practice in the Channel Islands. As a chartered certified accountant, Harry brings with him wide industry experience, particularly in privat...     [read more]

    By Crystal PR on  18 December 2018 
  • TMF to acquire CI State Street business

    TMF GroupBusiness services provider TMF Group and State Street Corporation have jointly announced a definitive agreement for TMF Group to acquire State Street’s Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands. TMF says the acquisition is a key milestone in the grou...     [read more]

    By TMF Group on  17 December 2018 
  • Jersey fund administration values break £300bn barrier

    Jersey Finance Q3 reportThe value of regulated funds serviced in Jersey has broken through the £300bn barrier for the first time, according to the latest figures to be collated by the Jersey Financial Services Commission (JFSC). Figures for the third quarter of 2018 (ending 30 September 2018) show that the net asset...     [read more]

    By Crystal PR on  17 December 2018 
  • GFSC clarifies collateral rules for ILS cells

    We Are Guernsey logoGuernsey has agreed to allow insurance-linked securities cells to benefit from rollover provisions, in a move that has been welcomed by the island’s ILS sector.   The Guernsey Financial Services Commission (GFSC) has clarified a number of issues around the authorisation process for ILS ce...     [read more]

    By We Are Guernsey on  17 December 2018 
  • Jersey signs agreement with Kenya

    Ian GorstThe External Relations Minister, Senator Ian Gorst, has signed an asset-sharing agreement to return confiscated assets to Kenya as part of ongoing work to tackle financial crime.  The Minister for External Relations, Senator Ian Gorst, signed two international arrangements this week to promote...     [read more]

    By States of Jersey on  13 December 2018 
  • Guernsey reports on growth in 2017

    Guernsey's economy experienced a healthy level of growth in 2017, with GDP increasing by 2% in real terms, according to data published in the Guernsey Economic Overview today. The overview report brings together a range of statistics published by the States of Guernsey and the Guernsey Financia...     [read more]

    By States Of Guernsey on  12 December 2018 
  • Optimus appoints consultant

    MattCuthbert_OptimusOptimus Recruitment has appointed Matt Cuthbert to its team of consultants.  Matt joins the finance recruitment specialist from a role within the States of Jersey's Customs and Immigration Service, and will be responsible for hunting out candidates in Jersey for funds vacancies.   Fol...     [read more]

    By Direct Input on  12 December 2018 
  • Carey Olsen names new Partner

    David_Jones_CareyOlsenCarey Olsen has promoted restructuring and insolvency lawyer David Jones into the partnership, with effect from 1 January.   David, who joined Carey Olsen as an Associate in 2010, was promoted to Senior Associate and Counsel in 2012 and 2016 respectively. He will lead the Guernsey restructuring...     [read more]

    By Carey Olsen on  12 December 2018 
  • Guernsey Finance to hold progress update event

    We Are Guernsey logoGuernsey Finance will update the local finance industry on progress made in 2018 and plans for next year at its annual Industry Update, to be held on Thursday 24 January. The island’s finance industry made progress in several key areas in 2018: launching Guernsey Green Finance, aimed at posit...     [read more]

    By We Are Guernsey on  11 December 2018 
  • Ogier Partner admitted as Guernsey Advocate

    CraigCordle_OgierAdvocateOgier Partner Craig Cordle has been sworn in as an Advocate of the Royal Court of Guernsey. Craig, an investment funds and asset management specialist, was admitted to the Guernsey Bar in the Royal Court yesterday. He joined Ogier's Guernsey team in November 2016 from London firm Norton Rose F...     [read more]

    By Ogier on  11 December 2018 
  • IoD Guernsey to hold breakfast seminar

    IoD LogoThe IoD's Guernsey branch is holding a breakfast seminar on Thursday 13 December, featuring guest speaker David Ummels – investor, banker, entrepreneur and passionate art collector. David, who has been Managing Director of Astin Capital Management for almost 17 years, focuses on managing ...     [read more]

    By Black Vanilla on  10 December 2018 
  • Last chance for Channel Islands Funds Forum 2019 early bird tickets

    CIFF 2019 logoThere are just over two weeks left to take advantage of the early bird rate for next year’s Channel Islands Funds Forum. Now in its ninth year, the event will take place from 9am to 3:30pm on 26 June 2019 at the Royal Yacht Hotel in St Helier, Jersey. The early bird rate of £150 is ava...     [read more]

    By BL Global on  10 December 2018 
  • Ravenscroft expands to Monaco

    Ravenscroft thumbnailInvestment services group Ravenscroft has opened an office in Monaco, forming a partnership with Tavira, a global execution services for commodities, derivatives and equities with offices in Monaco, London and Dubai.  The joint venture, known as Tavira Ravenscroft, has had its application to o...     [read more]

    By Ravenscroft on  10 December 2018 
  • John Harris takes senior role at Crestbridge

    JohnHarris_CrestbridgeAccounting, management and corporate governance business Crestbridge has announced that the former Director General of the Jersey Financial Services Commission (JFSC), John Harris, will join the group in the new year. After 12 years at the JFSC, John will join as Non-Executive Chairman of the Crest...     [read more]

    By Crystal PR on  10 December 2018 
  • HSBC appoints Head of Sustainability

    Chantal Le Goff_HSBCHSBC has appointed Chantal Le Goff as Head of Sustainability, to implement the bank’s refreshed global sustainability strategy across the Channel Islands and Isle of Man. The strategy focuses on education and future skills, which Chantal will oversee, along with managing the bank’s...     [read more]

    By Crystal PR on  10 December 2018 
  • MJ Hudson appoints Guernsey Partner

    RabieAbasLondon-based asset management consultancy MJ Hudson has appointed a new Partner to its Guernsey office, a position that will be effective from the new year.   Rabie Abas joined the Guernsey office two and a half years ago and has significant in-house experience in asset management, including at...     [read more]

    By Yellow Jersey on  10 December 2018 
  • States passes new laws in readiness for Brexit

    Ian GorstNew laws and regulations, designed to protect Jersey’s international interests and ensure the government can respond effectively to the potential impacts of Brexit, have been passed by the States Assembly.  The Taxation (Companies - Economic Substance) Law provides the means to fulf...     [read more]

    By States of Jersey on  9 December 2018 
  • Trust Corporation names new CEO

    Mort MirghavameddinGuernsey-based trust company Trust Corporation International has appointed Mort Mirghavameddin as its Chief Executive. Mort is a familiar face to Guernsey’s financial community, having served as Managing Director of Investec Bank in the Channel Islands from 2001 to 2009. During his tenure, he...     [read more]

    By Trust Corporation International on  7 December 2018 
  • Guernsey publishes financial services policy

    We Are Guernsey logoThe States of Guernsey’s Committee for Economic Development and Guernsey Finance have published a policy framework to support the growth of Guernsey’s finance sector.   The new framework, to develop financial services in Guernsey, will give clear positioning, principles and prioriti...     [read more]

    By We Are Guernsey on  7 December 2018 
  • SGG completes Augentius acquisition

    Augentius logoInvestor services firm SGG Group has received regulatory approvals and completed its acquisition of Augentius, the private equity and real estate fund administration specialist with operations in Guernsey. The deal increases SSG's assets under administration to more than $400bn and extends its ...     [read more]

    By BL Global on  7 December 2018 
  • Jersey approves international savings plans

    States of Jersey logo 2017Jersey’s government has approved the introduction of provisions that allow Jersey to launch International Savings Plans (ISPs). Effective from 1 January 2019, the plans, which have been approved by the Jersey tax authorities, enable multinational and international companies to set up savings ...     [read more]

    By Jersey Finance on  7 December 2018 
  • Butterfield makes three appointments

    Chris Carter_ButterfieldFollowing its agreement to acquire Deutsche Bank’s banking and custody business in Jersey, Butterfield has made three new appointments to the team.  Helen Shoreson has been named Vice President, Human Resources, Chris Carter has become Chief Financial Officer, and Giorgina Lister has bee...     [read more]

    By Liquid on  6 December 2018 
  • Appleby launches global technology guide

    Appleby thumbnail logoAppleby’s Global Technology & Innovation Group has launched its 2019 Technology and Innovation Offshore Guide and associated microsite. As the pace of technological change accelerates, so too does the legal and regulatory landscape. The guide covers eight of the world’s largest offs...     [read more]

    By Appleby on  6 December 2018 
  • Duff & Phelps highlights regulatory rethink

    MalinNilsson_DuffPhelpsRegulators in the Channel Islands are expected to rebalance their enforcement activities towards individuals in addition to ongoing action against firms in the coming years, in line with global trends, as highlighted by the latest Global Enforcement Review from global advisory firm Duff & Phelps...     [read more]

    By Crystal PR on  5 December 2018 
  • Jersey Chamber announces Christmas Lunch

    Jersey Chamber of Commerce logoJersey Chamber of Commerce has announced details of its Christmas Lunch – What’s Next for St Helier? Guest speaker Simon Crowcroft, Constable of St Helier, will explain what changes he would like to see in Jersey's capital in the next few years. With the majority of Jersey businesse...     [read more]

    By Jersey Chamber of Commerce on  4 December 2018 
  • Guernsey appoints Registrar of Companies

    Mat DesforgesA new Registrar of Companies has been appointed by the States of Guernsey's Committee for Economic Development. Mat Desforges, who will take up the post in early 2019, will move from his current post as Policy Adviser for Financial Services Development in the Office for Economic Development.&nb...     [read more]

    By States Of Guernsey on  4 December 2018 
  • Pensions specialist joins Carey Olsen

    Julie_Currie_COCarey Olsen has appointed Julie Currie as a Senior Associate within its trusts and private wealth practice across Guernsey and Jersey – marking the first time the firm has appointed a pan-island lawyer in the Channel Islands.   Julie will divide her time between Carey Olsen's Guernsey...     [read more]

    By Carey Olsen on  3 December 2018 
  • Collas Crill acts for Sark Electricity

    Collas Crill's work with Sark Electricity has resulted in the Sark Electricity Price Control Commissioner setting aside his decisions concerning a reduction in electricity prices, which had threatened to cut off supplies to 300 islanders at the end of November.  The law firm has ...     [read more]

    By Black Vanilla on  3 December 2018 
  • Zedra acquires Cayman business

    zedra logoTrust, corporate and fund services provider Zedra has acquired the JP Integra Group, a Cayman-based provider of fund, corporate and trustee services.  With assets under administration in excess of $6bn, JP Integra specialises in assisting international private, institutional and sovereign clie...     [read more]

    By Nacelle on  3 December 2018 
  • Global survey highlights staff security threats

    Logicalis logoThe findings of a global survey of IT leaders has reported that 56 per cent of those surveyed identified lack of awareness and mistakes by staff as a major security threat for their firm. The threat posed by staff is second only to malware and ransomware, which was cited as a major issue by 68 per ...     [read more]

    By Direct Input on  3 December 2018 
  • Walkers advises on Timber Fund takeover

    Walkers Logo 2018Walkers' Guernsey office is advising Stafford Capital Partners on its takeover of Phaunos Timber Fund, a Guernsey-based closed-ended investment company that provides shareholders with a diversified portfolio of timberland and timber-related investments. The takeover has been implement...     [read more]

    By Walkers on  3 December 2018 
  • Appleby acts in winding-up of limited partnership

    Appleby thumbnail logoAppleby Jersey has acted in the first winding up of a limited partnership by the Royal Court of Jersey under the Limited Partnerships (Jersey) Law 1994. In Representation of Private Equity Fund Finance Limited [2018] JRC 194, the Royal Court of Jersey has made orders to bring about the orderly wind...     [read more]

    By Appleby on  3 December 2018 

« November 2018January 2019 »

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