Business News Archive

« January 2017

February  2017  (45)

  • Research: EY releases global cybersecurity findings

    EY logoGlobal organisations are more confident than ever that they can predict and resist a sophisticated cyber attack, but are falling short of investments and plans to recover from a security breach, according to the annual EY Global Information Security Survey (GISS), Path to cyber resilience: Sense, re...     [read more]

    By Orchard PR on  21 February 2017 
  • JFSC to host cyber security masterclass

    JFSC logo The Jersey Financial Services Commission will be holding a Directors’ Cyber Security Masterclass on Thursday 9 March, in partnership with the Security Awareness Special Interest Group (SASIG).  The free-to-attend event will be held at the Freedom Centre, St Helier, and aims to brief indu...     [read more]

    By Jersey Financial Services Commission on  21 February 2017 
  • Vistra acquires Monaco business

    Vistra logoFinancial services business Vistra has announced the acquisition of Podium SAM, a privately owned wealth structuring advisory provider based in Monaco.  Following the acquisition, Podium SAM will be rebranded as Vistra Private Office SAM.  In addition, Vistra Monaco Corporate Services SA...     [read more]

    By Nacelle on  21 February 2017 
  • Limited places released for Guernsey Trusts Conference 2017

    BL Guernsey Trusts Conf thBL Events has released a limited number of final delegate places for its Guernsey Trusts Conference 2017: ‘Where Disruption Meets Opportunity’. This event was rescheduled from November 2016, when it was postponed owing to weather conditions affecting flights to the island.  The co...     [read more]

    By BL Global on  20 February 2017 
  • Moore Management appoints Funds Director

    Scott MaddenFund services provider Moore Management has appointed Scott Madden to the role of Funds Director.  Based in Moore’s head office in Jersey, Scott brings with him a wealth of operational and technical experience, including skills in organic and inorganic build-outs.  Prior to joining...     [read more]

    By First Names Group on  20 February 2017 
  • Deloitte makes leadership changes

    JohnClacyDeloitte has made a number of changes across the senior leadership team, including the appointment of John Clacy (pictured) to the role of Partner in Charge of Offshore.   John has managed the Guernsey business since 2014, and his promotion to this pan-island role reflects the collaborative nat...     [read more]

    By Black Vanilla on  20 February 2017 
  • Opinion: England shows why it’s time for ‘no fault’ divorce in Jersey

    Barbara CorbettValentine’s Day this year was memorable for all the wrong reasons for one wife, who went to the English Court of Appeal in a bid to overturn an earlier decision that she could not divorce her husband. In the English Court of Appeal case of Owens v Owens, the Court was asked to decide if a jud...     [read more]

    By Benest Corbett Renouf on  16 February 2017 
  • Guernsey public finances return to surplus for first time since 2008

    Guernsey’s public finances returned to surplus in 2016 – for the first time since 2008. Deputy Gavin St Pier (pictured), President of Guernsey's Policy & Resources Committee, updated the States Assembly this week on the year-end financial position, stating that public finan...     [read more]

    By States Of Guernsey on  16 February 2017 
  • Comment: AIFMD passport no longer seen as ‘silver lining’

    Tim HamesSecuring a third-country passport to access European investors is no longer viewed as the go-to solution it once was by the UK investment fund sector, according to Tim Hames (pictured), Director General of the British Private Equity & Venture Capital Association (BVCA).   Hames was speaking...     [read more]

    By Orchard PR on  16 February 2017 
  • Family homes reach highest ever prices in Jersey

    House prices in Jersey have risen four per cent in the past year, taking the average price of property in Jersey to £468,000. This is the third annual increase in property prices.   The latest figures show a 12 per cent increase in the total number of properties sold in 2016, with 1,410 t...     [read more]

    By Direct Input on  16 February 2017 
  • 2017 UK Captive Services Awards winners announced

    Captive Review logoCaptive industry high achievers have been honoured at the UK Captive Services Awards ceremony, held in London last week. The awards, organised by media publication Captive Review, recognise service providers to the captive insurance industry that have demonstrated exceptional customer service and i...     [read more]

    By Captive Review on  15 February 2017 
  • Locate Jersey releases figures for 2016

    Locate Jersey logo 2017Locate Jersey’s figures for 2016 show continued interest in Jersey from businesses and high-net-worth individuals. According to the figures, Locate Jersey helped 25 businesses to gain a business licence last year, with the potential for 200 new jobs as a result of those companies establi...     [read more]

    By Locate Jersey on  15 February 2017 
  • Smith & Williamson Jersey transfers trust business to First Names Group

    Smith&Williamson logoSmith & Williamson has disposed of its interest in Smith & Williamson Trustees (Jersey) and is ceasing to provide trustee services out of Jersey.   Ownership of the trust company has passed to First Names Group.  Clients of Smith & Williamson Trustees (Jersey) have been assur...     [read more]

    By ORCHID on  14 February 2017 
  • Pinel Advocates recruits regulatory specialist

    James MewsPinel Advocates has recruited James Mews as Counsel within its Jersey-based team. In his new role he will give advice on banking, regulatory and other legal matters.  James joins from the States of Jersey, where he was Director of the Finance Industry Development team. Before this, h...     [read more]

    By Pinel Advocates on  14 February 2017 
  • Alter Domus acquires Carta Fund Services in US

    AlterDomus logoFund and corporate services provider Alter Domus has signed an agreement to acquire Carta Fund Services in the US. Carta specialises in providing private equity-focused, customisable reporting and administrative solutions for general partner sponsors and institutional and sophisticated investors. ...     [read more]

    By Alter Domus on  14 February 2017 
  • Vistra Fund Services Jersey names new Director

    Gavin CarruthersVistra has appointed Gavin Carruthers as Director of its Jersey Fund Services business.   As Director, Gavin will join the funds team on the island, specialising in all aspects of corporate, fiduciary and administrative solutions for alternative investment structures, including real estate and ...     [read more]

    By Nacelle on  14 February 2017 
  • Stenham Wealth Management hires Head of Business Development

    James StrongInvestment advisory firm Stenham Wealth Management has appointed James Strong as its Head of Business Development.   James will be based in Jersey and work alongside the existing investment team. He will build business relationships with high-net-worth individuals, advisers and intermediaries i...     [read more]

    By Stenham Wealth Management on  13 February 2017 
  • Jersey in strong position ahead of EU screening exercise

    The Government of Jersey will be setting out the compelling arguments for the island to achieve ‘cooperative’ status as part of the comprehensive screening exercise being undertaken by the EU Code of Conduct Group on Business Taxation.  Confirming that Jersey was in receipt of a le...     [read more]

    By States of Jersey on  13 February 2017 
  • Ardent Chambers appoints consultant Barristers

    Nichola HigginsArdent Chambers has extended its ability to work on international litigation and regulatory cases by appointing four Barristers as consultants. Collingwood Thompson, Nichola Higgins, David O’Mahony and Edward Sawyer have extensive experience in international and offshore finance litigation, r...     [read more]

    By Edge Media on  13 February 2017 
  • Brooks Macdonald adds to Jersey Investment Team

    James SurcoufBrooks Macdonald has appointed James Surcouf as an Investment Manager in its Channel Islands offices, based in Jersey. James will be responsible for building client relationships and managing discretionary portfolios for the firm’s range of intermediary clients, including professional adviser...     [read more]

    By Crystal PR on  13 February 2017 
  • CISE to rebrand as TISE in March

    CISE new logoThe Channel Islands Securities Exchange (CISE) has announced plans to rebrand as The International Stock Exchange (TISE) in early March. The Exchange, which is headquartered in Guernsey and opened an office in Jersey at the start of 2015, will also launch a presence in the Isle of Man next month. ...     [read more]

    By CISE on  13 February 2017 
  • Intertrust appoints Simon Mackenzie as Jersey MD

    Simon MackenzieIntertrust Jersey has appointed Simon Mackenzie as Managing Director. Simon joined Intertrust following its acquisition of Elian in September 2016, where he was Group Director and Global Head of Corporate Services. He played a key role in the growth of Elian following the MBO of Ogier Fiduciary Ser...     [read more]

    By Orchard PR on  13 February 2017 
  • Guernsey Finance makes Hong Kong appointment

    Christopher ChanGuernsey Finance has appointed Christopher Chan as its first Hong Kong Representative. Taking up his post later this month, Christopher will lead Guernsey’s promotional efforts in Hong Kong as well as be an on-the-ground presence for Guernsey Finance and its member firms. He will also assist ...     [read more]

    By Orchard PR on  13 February 2017 
  • Winners of the 2016 Guernsey Awards for Achievement announced

    Guernsey Awards for AchievementThe results of the 2016 Guernsey Awards for Achievement have been announced at the annual Awards Gala Evening held on Thursday 9 February in the Sir John Loveridge Hall, Beau Sejour, St Peter Port. The winners of the six business awards were: • NatWest Best Small Business Award &nda...     [read more]

    By Event Guernsey on  10 February 2017 
  • Conference aims to assess impact of blockchain technology

    Startup Guernsey logoThe States of Guernsey, Carey Olsen, Northern Trust and Sure are hosting Guernsey’s first Blockchain Technology Conference to explore how blockchain technology could change the world and what it means for local businesses in Guernsey. Fintech speakers from different business sectors will pres...     [read more]

    By Startup Guernsey on  9 February 2017 
  • Citywealth Powerwomen Awards winners announced

    citywealth logoThe Citywealth Powerwomen Awards 2017 were announced last night in the City of London. Now in its fourth year, the event celebrates individuals and companies that support female leadership and diversity within the wealth management sector.    A total of 17 Gold, Silver and Bronze Awards w...     [read more]

    By Citywealth on  9 February 2017 
  • Hawksford appoints Director to funds division

    Simon PageHawksford has appointed Simon Page to the role of Director, leading the fund services team. Simon's new job gives him responsibility for managing divisional operations and the business’s private equity and real estate clients. He started his career at KPMG in Liverpool, before movin...     [read more]

    By Liquid on  9 February 2017 
  • Canaccord appoints new Chief Investment Officer

    Michel PereraCanaccord Genuity Wealth Management has named Michel Perera as its new Chief Investment Officer.  Based in London, Michel will succeed Nigel Cuming, who retires from the role in May. Nigel will continue with the firm as a consultant for the next two years, based in the Jersey office.   Mi...     [read more]

    By Orchard PR on  9 February 2017 
  • Mourant Ozannes advises on Chinese tech deal

    Mourant logo NEWOffshore law firm Mourant Ozannes has advised China CITIC Bank Corporation and the Export-Import Bank of China on facilities with a total commitment of around US$2.63bn, for a consortium led by Apex Technology Co, PAG and Legend Capital Management Co. The facilities support the consortium's acq...     [read more]

    By Mourant Ozannes on  8 February 2017 
  • US campaign launched to repeal FATCA

    Repeal FATCAA campaign has been launched in Washington DC to repeal the Foreign Account Tax Compliance Act (FATCA).   Nigel Green, Founder and CEO of financial consultancy group deVere, claims FATCA is virtually unknown to most Americans but has been wreaking havoc with the global financial system outside ...     [read more]

    By BL Global on  7 February 2017 
  • Switch Digital names new Creative Director

    Steve WhittinghamLocal digital agency Switch Digital has appointed Steve Whittingham as Creative Director. Steve has more than 20 years’ experience behind him. He joins Switch Digital having set up and run his own brand communication agency, Side-on, and more recently he has worked as Creative Director at Orc...     [read more]

    By Ruby PR on  7 February 2017 
  • Collas Crill advises in online gaming takeover

    Offshore law firm Collas Crill has acted for Playtech, one of the world's largest online gaming software suppliers, in the acquisition of games designer Eyecon for up to £50 million. Eyecon launched in Guernsey and Alderney in 2013 and has become a leading provider of online games. The ac...     [read more]

    By Collas Crill on  7 February 2017 
  • Ascot Barclay Group acquired by West Sealand International

    West Sealand internationalGuernsey-based cyber security consultancy Ascot Barclay Group has been acquired by global security company West Sealand International. West Sealand International, which is headquartered in Guernsey, launched in 2016 and now has an office in Washington and consultants in Scandinavia, the UK and Saud...     [read more]

    By Liquid on  7 February 2017 
  • Jersey funds specialist becomes Ogier Partner

    emily-haithwaiteJersey funds and regulatory specialist Emily Haithwaite has joined Ogier as a Partner. Emily joins from Bedell Group, where she has spent almost two decades acting for banks and asset managers in the formation, listing and winding-up of funds, as well as for sovereign wealth funds, funds of fu...     [read more]

    By Crystal PR on  6 February 2017 
  • AFEX Offshore makes Director appointment

    Aaron BirdGlobal payment and risk management solutions provider AFEX has promoted Aaron Bird to Director of AFEX Offshore.  Previously a Sales Manager within the firm, Aaron will now lead the firm’s sales activity across the Channel Islands and Isle of Man from its Jersey office. He also joins the...     [read more]

    By Trish Grover on  6 February 2017 
  • CIPR elects new committee

    Mark OliphantMark Oliphant (pictured), Head of Communications at the Channel Islands Securities Exchange, has taken over as Chair of the Channel Islands group of the Chartered Institute of Public Relations.  Mark is joined on the executive committee by Vice Chair Natasha Egre from The Refinery, Treasurer G...     [read more]

    By Liquid on  6 February 2017 
  • Jersey welcomes UK White Paper on Brexit

    The government of Jersey has welcomed comments by the UK Secretary of State for Exiting the EU, David Davis, when presenting a White Paper to in Westminster.  The report sets out the UK government’s objectives for a new relationship with the European Union after UK withdrawal. Davis com...     [read more]

    By States of Jersey on  3 February 2017 
  • Deloitte makes promotions in audit and advisory services

    Mike De RobillardDeloitte has promoted Stuart Crowley and Mike De Robillard to Signing Directors in the Guernsey office.  Stuart has more than 19 years’ experience within financial services in Jersey, Dublin and London. He started his career at KPMG but has spent the past 12 years with Deloitte. He leads...     [read more]

    By Black Vanilla on  3 February 2017 
  • Collas Crill appoints senior trust lawyer

    Nick MarshallCollas Crill in Jersey has appointed trust lawyer Nick Marshall as a Senior Associate in its fiduciary team. An English solicitor with significant experience advising on private wealth structures and other fiduciary matters, Nick specialises in all aspects of Jersey trusts and foundations law. ...     [read more]

    By Chris Searson - Capita Fiduciary Group on  3 February 2017 
  • Eos recruits General Partner

    Jonathan KalmanInsurance advisory business Eos Venture Partners has recruited Jonathan Kalman as a General Partner. He joins from Guernsey-based investment and advisory firm InsurTech. Jonathan has 18 years of fintech and insurtech investing experience behind him. He has served as Chief Executive Officer and...     [read more]

    By The Big Idea on  2 February 2017 
  • Jersey Finance sets out plans at annual review

    Jersey Finance LogoJersey Finance will be commissioning independent research into the value the industry brings to UK pension funds, and working to enhance the perception of the industry in Jersey, as part of its 2017 marketing plan.  Presenting the plan at Jersey Finance’s Annual Review on 27 January, Geo...     [read more]

    By Crystal PR on  2 February 2017 
  • JFSC focuses on shared responsibility for 2017 Business Plan

    JFSC logo Shared responsibility is the key theme of the Jersey Financial Services Commission’s (JFSC) Business Plan for 2017. Presented today to Jersey’s financial services industry and politicians at the Hotel de France, the JFSC sent out a clear message that consumers, industry and the regulato...     [read more]

    By Jersey Financial Services Commission on  1 February 2017 
  • Zedra expands senior team in Channel Islands

    Joe DonohoeCorporate services company Zedra has expanded its team in the Channel Islands with three senior hires.  Paul Nayar has been appointed Finance Director; Mark Cleary is now Head of Relationship Management and Funds, Guernsey; and Joe Donohoe has become Client Director. Paul and M...     [read more]

    By Refinery on  1 February 2017 
  • Sancus adds to Jersey team

    Amanda OverlandAlternative finance company Sancus has made two appointments to its Jersey team. Amanda Overland (pictured) has been named Head of Marketing and Stuart Hamilton has become Business Development Manager. Stuart previously spent almost eight and a half years as Sector Head at RBSI, leading a team...     [read more]

    By Sancus on  1 February 2017 
  • Mourant Ozannes makes four Jersey Partner appointments

    Alistair HornMourant Ozannes has appointed four new Partners to its Jersey office.  Lawyers Alistair Horn and Jon Woolrich have joined the Corporate and Finance practice and, for the first time, the firm has appointed two professionals from outside the law – Chief Operating Officer Keith Pearse and M...     [read more]

    By Mourant Ozannes on  1 February 2017 

« January 2017

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