Issue 71 of Businesslife, a special edition on digitalisation, is now available online.
The Covid-19 pandemic has hastened the need for digital transformation across business sectors, according to a variety of consultancies and researchers – but firms across the Channel Islands are responding...
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23 December 2020
JTC in Guernsey has supported Round Hill Music Royalty Fund in its latest and record-breaking fundraise.
After raising $282m from an initial public offering in November, Round Hill has raised an additional $46m, bringing the total in 2020 to $328m. This makes Round Hill the largest new IPO b...
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By Crystal PR on
23 December 2020
An organisation for offshore non-executive directors has been launched in Jersey.
Club NED aims to help NEDs find new positions with boards in offshore jurisdictions, and to help boards fill vacant roles.
Founded and run by Shelley Kendrick (pictured), Managing Director of Jersey-based executive r...
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By leadership writing on
23 December 2020
Litigation and insolvency specialist Tim Wright (pictured right) has rejoined Carey Olsen as a Partner within its British Virgin Islands dispute resolution and litigation practice. The firm has also appointed BVI litigator Simon Hall as Counsel.
Tim, who has spent the past year and...
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By Carey Olsen on
22 December 2020
Jacqueline Shek, Executive Director, Trust Services, at Zedra on why the city state continues to be a key gateway for global opportunity
Hong Kong plays a leading role as a global finance and business centre and is set to continue to do so, with business booming among high-net-worth and ultra-high-...
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By Zedra on
22 December 2020
Edward Scott and Co, the Jersey legal practice launched in September, has supported property development company Landsec with its recent acquisition of 55 Old Broad Street in the City of London.
Landsec acquired the units in the Jersey Property Unit Trust that owns 55 Old Broad Street from PGIM Rea...
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By Edward Scott and Co on
21 December 2020
Businesslife magazine has unveiled an exclusive commercial and advertising package aimed at helping companies that work in and with the Channel Islands to get on the front foot in 2021.
The Channel-Islands-based business and lifestyle magazine, which is distributed widely in Jersey, Guernsey, Londo...
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By BL Global on
17 December 2020
Jersey Finance has welcomed new figures continue to point towards Jersey's increasing role in enabling alternative fund managers to access EU investor capital post-Brexit.
According to the Jersey Financial Services Commission, the number of managers choosing to market their funds into the EU th...
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By Jersey Finance on
17 December 2020
Offshore law firm Ogier has appointed Jacqueline Loh to the role of Director and Head of Private Wealth, Asia, based in its Hong Kong office.
In her new role, Jacqueline will work with Ogier's legal and corporate administration teams as an adviser to high-net-worth and ultra-high-net-worth clie...
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By Ogier on
17 December 2020
The PraxisIFM Group has announced that negotiations to combine with Oak Group have closed.
The end of merger negotiations, first announced in August, will enable both companies to continue to focus on performance improvement and integration issues within their own businesses.
PraxisIFM...
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By Orchard PR on
16 December 2020
A new report by Guernsey Finance aims to help family offices build sustainability into their offerings for clients, and allay concerns about whether trustees' duties and sustainable investing are compatible.
The guide, in collaboration with Ogier in Guernsey, is entitled Sustainable Investing f...
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16 December 2020
The Guernsey Financial Services Commission has enacted amendments to the Insurance Business (Solvency) Rules 2015, proposed in October, which introduce a specific approach for green assets and help incentivise increased investment in green assets by life insurers.
The Commission...
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By Guernsey Financial Services Commission on
16 December 2020
The Asia Edition of Businesslife is now available online.
There can be no disputing the prominence of Asia-Pacific when it comes to wealth growth, and the latest edition of Businesslife magazine takes an in-depth look at the impact of that growth on the global financial services sector – spec...
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By BL Global on
15 December 2020
Crestbridge is to acquire Ovation Fund Services, based in New Jersey, US.
Ovation is a provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds.
On completion, Ovation will become part of the Crestbridge brand from 31 Decemb...
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By Crystal PR on
15 December 2020
Imperium Funds, the specialist fund administration provider to the closed-ended alternative funds industry and part of the Imperium Group, has appointed Charlotte Parr as Client Services Director in Guernsey.
Charlotte joins Imperium having held a number of roles with Apex Group for the past ...
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By Imperium Trust on
15 December 2020
Carey Olsen's British Virgin Islands (BVI), Guernsey and Jersey corporate teams have advised pan-European commercial real estate investor and asset manager M7 Real Estate on its recent acquisition of a £156.9m UK retail parks portfolio from RDI REIT.
Carey Olsen further assisted fro...
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By Carey Olsen on
15 December 2020
Fairway Group has appointed Aslam Shareef as its new Head of Funds.
Aslam joins the firm from EFG Fund Services and prior to that, he spent almost three years as Funds Supervision Manager at the Jersey Financial Services Commission. Before this he was responsible for a fund administration departmen...
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By Fairway Group on
14 December 2020
Ocorian has completed the acquisition of Newgate Compliance, which was originally agreed on 22 September subject to regulatory approval.
Newgate Compliance is a London-based compliance consultancy and hosted regulatory solutions provider for funds clients, including established and first...
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By Ocorian on
14 December 2020
The States of Guernsey has published its Economic and Financial Stability Overview, highlighting the impact of the Covid-19 pandemic on the local economy.
It also shows the relative resilience of the island in comparison with other jurisdictions, and the bounce-back already being seen in some secto...
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By States Of Guernsey on
14 December 2020
Guernsey Financial Services Commission Director General William Mason (pictured) has been re-elected as a member of the International Association of Insurance Supervisors (IAIS), which recently held its biennial executive committee elections.
In addition to his election, the Commission’s Dire...
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By Guernsey Financial Services Commission on
14 December 2020
Appleby has this month published its 2021 Offshore Technology and Innovation Guide.
Issued by the firm's Technology and Innovation Group, it comes in response to the accelerating pace of technological change and its impact on the legal and regulatory landscape.
The guide provides a detai...
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14 December 2020
Fund, corporate and private client services provider JTC has acquired CEES (Corporate Employee & Executive Services) from RBC Holdings (Channel Islands), part of RBC Wealth Management.
The transaction is subject to relevant regulatory approvals and is expected to complete in early Q2 2021....
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By Crystal PR on
11 December 2020
Ogier has promoted Sandie Lyne from Senior Associate to Partner within its dispute resolution team in Guernsey.
Sandie, who joined Ogier in 2014, is a Guernsey Advocate with extensive experience in commercial and financial dispute resolution, especially contentious trusts, restructuring...
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By Crystal PR on
11 December 2020
International publication Global Custodian has revealed the winners of its Industry Leaders Awards 2020, honouring the top performers from its prime brokerage, hedge fund and private equity administration surveys this year.
Among the winners in multiple categories were several firms with operations...
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By BL Global on
11 December 2020
Crestbridge has appointed Raul Ramos as Associate Director and Head of Private Equity Fund Accounting, based in Jersey.
In his new role, Raul will oversee the accounting function for Crestbridge’s private equity client base.
He brings with him significant cross-border private equity ex...
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By Crystal PR on
11 December 2020
The Jersey Financial Services Commission has announced its next series of sector-specific webinar series, designed to cover the findings and recommendations of October's National Risk Assessment report.
The following webinars are scheduled for 2021:
• Investment business – 20 Ja...
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By Jersey Financial Services Commission on
10 December 2020
Guernsey-based accountancy and audit firm Cleland & Co has promoted Vicki Webster to Managing Director, with founder Harry Dick-Cleland moving to the position of Chairman.
Vicki has worked with the company since 2017 as a Director. She joined from PwC, where she spent seven years in roles acros...
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By Orchard PR on
9 December 2020
Fiduciary and family office services provider Crestbridge has appointed Daniel Channing to the role of Director in its family offices services team in Jersey.
Daniel joins Crestbridge having recently returned to Jersey after more than two years in Geneva with HSBC as Director, Senior Wealth Pl...
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By Crestbridge on
9 December 2020
The Guernsey Financial Services Commission has published a consultation paper containing proposals to allow different investor categories to take advantage of an appropriately regulated fund structure.
Whilst the proposals would see the current approach to registering a Private Investment Fund (PIF...
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By Guernsey Financial Services Commission on
9 December 2020
Mourant has advised DPE Deutsche Private Equity on its recent fundraising for its latest fund, DPE Deutschland IV. German private equity firm DPE is located in Munich.
It closed Fund IV early after the demand greatly exceeded the stipulated maximum cap of €1bn in subscribed capital. ...
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By Mourant on
8 December 2020
Sanne Group has entered into an agreement to acquire Scandinavian private equity fund administrator Private Equity Administrators (PEA).
Formed by its current owners in 2007, PEA specialises in providing boutique fund administration and depositary services to alternative fund structures.
The...
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By Sanne Group on
8 December 2020
The Guernsey Financial Services Commission has published a consultation paper seeking feedback on proposed changes to the Non-Guernsey Scheme regime – which, if implemented, will see the current rules revoked.
A Non-Guernsey Scheme is a collective investment scheme that is not established or ...
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By Guernsey Financial Services Commission on
8 December 2020
Bedell Cristin has recruited litigation lawyer Robert Christie to the practice in Jersey as a Partner.
Robert, a Jersey Advocate and qualified English and British Virgin Islands Barrister, specialises in trusts, company, commercial and insolvency litigation.
During his career, he has regular...
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By Crystal PR on
8 December 2020
The 12th edition of Jersey: First for Finance, supported by Jersey Finance, has been published by The Times Group.
Jersey Finance Chief Executive Joe Moynihan, Chairman Gunther Thumann, and Global Head of Business Development Allan Wood provide insights into the challenges and opportunities fa...
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By Jersey Finance on
8 December 2020
Island businesses will need to focus on their sustainable performance, employee empowerment and digital adoption if they are to thrive, according to a new report from HSBC Commercial Banking on how the pandemic is redefining business success.
Drawing on the views of more than 10,000 companies in 39...
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By Crystal PR on
7 December 2020
Appleby has acted in Jersey, Guernsey and the Isle of Man for the joint administrators of certain companies of the Arcadia Group, the retailer of fashion clothing and accessories selling through brands such as Burton Menswear, Dorothy Perkins, Wallis, Miss Selfridge and Topshop.
On behalf the...
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By Appleby on
7 December 2020
RBS International is providing SUSI Partners – a Swiss fund manager specialising in sustainable energy infrastructure investments – with funding for a new facility.
The new facility is aimed at decarbonising energy production, increasing the energy efficiency of existing infrastructure,...
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By Liquid on
7 December 2020
The Guernsey Financial Services Commission has introduced a pilot scheme for the pre-authorisation of insurance cells.
The move, made in consultation with Guernsey insurers and the sector's representative body the Guernsey International Insurance Association (GIIA), offers a pre-authorisation s...
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By We Are Guernsey on
4 December 2020
The Jersey Financial Services Commission has published a Brexit positioning paper setting out the position the JFSC intends to take on a number of funds issues from 1 January, when the UK leaves the EU.
The paper summarises the changes being made to the alternative investment fund (AIF), fund ...
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By Jersey Financial Services Commission on
4 December 2020
Jersey has recorded the establishment of its 400th foundation, making this one of the most successful examples of a structure that can promote philanthropic objectives.
The milestone has been reached ahead of Jersey Finance’s virtual conference on private wealth on 14 December, which will inc...
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By Crystal PR on
4 December 2020
The Guernsey Financial Services Commission has appointed Leigh-Ann Mulcahy as the new President of its Panel of Senior Decision Makers.
Leigh-Ann will take over from Michael Blair, who steps down at the end of this year having held the role for the past six years.
The Panel o...
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By Guernsey Financial Services Commission on
4 December 2020
The Guernsey Financial Services Commission has published its investment statistics for the third quarter of 2020. The highlights include:
• Guernsey funds – The total net asset value of Guernsey funds has increased in sterling terms during the last quarter by £9.3bn (4.1%) to &poun...
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By Guernsey Financial Services Commission on
3 December 2020
Jersey change management firm Marbral Advisory has signed a partnership agreement with M&A consultancy Global PMI Partners (GPMIP) to support clients in the Channel Islands through integrations and mergers.
Incorporated in Belgium, GPMIP specialises in pre- and post-deal transac...
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By Natasha Egre on
3 December 2020
Jersey-based managed data services provider Calligo has acquired UK-wide IT managed services provider Network Integrity Services. The value of the deal has not been disclosed.
Network Integrity Services, which operates from Manchester, Birmingham, Leicester and Hemel Hempstead, specialise...
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By Calligo on
3 December 2020
Jersey Finance's latest white paper and survey reveal that Asia’s wealth management community is not yet ready to adapt its products, solutions and services to the needs and expectations of the younger ultra-high-net-worth generation.
The report, Asia’s Great Wealth Trans...
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By Crystal PR on
3 December 2020
An updated Essential Guide for Business ahead of the end of the UK's transition period for leaving the EU has been produced by the States of Guernsey's Committee for Economic Development.
It is being circulated to business groups and is available on gov.gg/Brexit, and the States is urging b...
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By States Of Guernsey on
2 December 2020
BCR Law has appointed Business Development Manager Ashleigh Taylor and Marketing and Communications Executive Kelci Scanlon to its team in Jersey.
In her new role, Ashleigh will focus on the market growth of the firm, as well as managing the brand and marketing strategies.
She brings m...
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By BCR Law on
2 December 2020
The Jersey Financial Services Commission has announced the latest in its series of industry webinars covering the findings and recommendations of the government’s National Risk Assessment.
The next webinar will focus on the funds sector and will take place on Thursday 10 December at 11:30am.
...
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By Jersey Financial Services Commission on
2 December 2020
Mourant has advised international investment firm and longstanding client Triton on the launch of its Debt Opportunities Fund II.
The fund has completed its fundraising and exceeded its initial €550m target, with commitments of €744m.
Led by Partner Daniel Birtwistle, the Mourant ...
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By Mourant on
2 December 2020
Brooks Macdonald International, the Channel Islands-based subsidiary of the Brooks Macdonald Group, has completed its acquisition of the wealth management and funds business of Lloyds Bank International.
Having announced the acquisition in June, the transaction has received all regulatory approvals...
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By Crystal PR on
1 December 2020
Grant Thornton Channel Islands has acquired the audit business of Saffery Champness in Guernsey, enabling it to expand into the local business market, as well as financial services sectors and outsourced finance functions.
Grant Thornton now has a team of 165 in the Channel Islands. A total o...
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By Orchard PR on
1 December 2020
Stonehage Fleming has appointed Bev Stewart as a Director within its Jersey Family Office division.
Bev will be responsible for managing several international high-net-worth client relationships, working with their families and advisers around the globe, assisting them with the manageme...
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By Montfort Communications on
1 December 2020
Jersey-based HLG Associates and Guernsey’s Lindum Consult are merging to create a pan-Channel Islands provider of quantity surveying, project management, environmental, health and safety and construction advisory services.
HLG will now trade in Guernsey as Lindum.
Specialising in advis...
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By Lumborg on
1 December 2020
Parslows has advised SunWorks (CI) on its framework agreement with Jersey Electricity to supply solar photovoltaic (PV) equipment for the development and implementation of commercial scale solar PV installations in Jersey.
The first development site, at Woodside Farm, is nearing completion.
Jersey...
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By Parslows on
1 December 2020
The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the board of the Guernsey Banking Deposit Compensation Scheme (GBDCS).
The MoU provides a formal basis for co-operation, including for the exchange of information, and a framework for the working relationship b...
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By Guernsey Financial Services Commission on
1 December 2020