Issue 55 of Businesslife - the March/April 2018 edition - is now available online.
Not for the first time, the magazine leads with Brexit. As negotiations between the UK and the EU reach the halfway point, we decided it was time to measure the temperature in the Channel Islands and to see if ...
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By BL Global on
28 February 2018
Bedell Cristin Partner Alasdair Davidson and Senior Associate Jasmin Semlitsch consider the implications of a recent decision of the English commercial court to grant a worldwide freezing order against the assets of the perpetrators of a cyberattack
'Online fraud', 'cyberattack' and...
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By Crystal PR on
28 February 2018
The Jersey Chamber of Commerce is to hold a Chamber Lunch on 14 March, entitled 'Voice of an Island - Setting Jersey apart from other International Finance Centres'.
The event, to be held at the Radisson Blu from 12.15pm, will feature Amy Bryant, Deputy Chief Executive of Jersey Finance, as...
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By Jersey Chamber of Commerce on
28 February 2018
The next Lean In event for Jersey has been announced – Women and the art of negotiation.
At the event, on 19 March, leadership coach, mediator and speaker Liz Rivers (pictured) will present a talk on how to become a masterful negotiator. A former UK commercial litigation lawyer, Liz teac...
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By Orchard PR on
28 February 2018
BL Events has confirmed the agenda and initial list of speakers who will be sharing their expertise at the forthcoming Channel Islands NEDs Forum.
Produced in partnership with Deloitte and sponsored by Optimus Group, the event is aimed at existing and aspiring Non-Executive Directors in the Channel...
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By BL Global on
27 February 2018
London-based financial markets consultancy Catalyst has completed the acquisition of investment management consultancy Knadel, which operates from London and Jersey.
The acquisition marks the first in a series of planned expansion moves by Catalyst, following investment from private equity firm Liv...
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By BL Global on
27 February 2018
Private bank Julius Baer has promoted Jean-Luc Le Tocq and Craig Allen to its Branch Management Board in Guernsey. Both have been with the company since early 2016.
Jean-Luc has served as the firm's Managing Director Senior Advisor. He joined Julius Baer from Credit Suisse, where he spent...
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By Orchard PR on
27 February 2018
Research carried out by accountancy firm Moore Stephens has found that half of owner-managed businesses in the Channel Islands consider a shortage of skilled staff as a key concern, compared with 41 per cent of businesses in the United Kingdom.
Moore Stephens’ 2018 Owner Managed Busines...
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By Orchard PR on
27 February 2018
Michael Barney and Marzena Dziewulska have completed the buyout of HBFS, an independent financial advisory company that has operated in Jersey for 30 years.
The buyout was completed in early February by Marzena, who joined the firm in 2006 and has served in a variety of management roles, and ...
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By JourneauxMM on
26 February 2018
RBS International has released its annual results for 2017.
Across all its jurisdictions, including the Channel Islands, the group reports a pre-tax adjusted operating profit of £184 million last year, marking 21 years of consecutive profit for RBS International.
Other highlights...
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By Crystal PR on
23 February 2018
Jersey-based business change specialist Marbral Advisory has appointed Dawn Rutherford as Principal Change Architect.
An experienced project management professional, Dawn worked for the Cooperative Banking Group for more than 20 years in the UK, mainly within HR and business change, support...
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By Marbral Advisory on
23 February 2018
Heather Tibbo, Director, Head of Family Office Services at Crestbridge, was named Woman of the Year: Leadership (Financial Organisation) at last night's Citywealth Powerwomen Awards 2018, held in the City of London.
Now in its fifth year, the event celebrates individuals and companies tha...
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By Citywealth on
23 February 2018
The latest figures from Skipton International's House Price Index show an increase in 2017 of three per cent – the fourth consecutive year it has risen.
Prices continued to rise across all types of property in the final quarter of 2017, with average prices increasing by three per ce...
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By Direct Input on
23 February 2018
The Jersey subsidiary of Rathbone Investment Management has reported continued growth over the 12 months to 31 December 2017.
The Jersey business has seen total funds under management rise to £1.74bn at 31 December 2017 – an increase of 14 per cent during the year – and an increas...
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By Ruby PR on
22 February 2018
The key considerations for holding art as an asset will be examined by lawyers from Carey Olsen and Taylor Wessing at an upcoming wealth management seminar.
The event, which is aimed at trustees and individual art collectors, takes place on Thursday 1 March at Candie Gardens.
Speakers ...
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By Carey Olsen on
22 February 2018
Collas Crill has appointed Kate Stanfield as its Group Head of Knowledge Management, responsible for developing systems to support the business strategy across Collas Crill's seven offices.
In this business transformation role, Kate will build the group's KM function across all jurisdiction...
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By Collas Crill on
21 February 2018
HSBC in the Channel Islands and Isle of Man has appointed Pawel Kusiak as Head of Financial Crime Risk Transformation across the jurisdictions.
Based in Jersey, Pawel will take responsibility for ensuring HSBC across the Crown Dependencies implements the changes needed to meet the requirements of f...
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By Crystal PR on
21 February 2018
Locate Guernsey, the States agency that promotes the island as a place to live and work, has described 2017 as another strong year.
In total, 24 relocations were made with Locate Guernsey's help, including nine personal relocations and 15 businesses (creating 53 new jobs).
The agency rep...
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By States Of Guernsey on
20 February 2018
The Royal Court in Guernsey has for the first time granted an order setting aside a transaction made by a trustee of a Guernsey trust on the grounds of what has become known as the rule in Hastings-Bass – a jurisdiction intended to protect beneficiaries from aberrant conduct by trustees. ...
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By Crystal PR on
20 February 2018
Offshore law firm Carey Olsen has advised SoftBank Group Corporation and its Vision Fund on the $865 million investment into construction technology startup Katerra.
SoftBank Vision Fund, a Jersey regulated structure, raised $93bn in committed capital last year and has made several technology...
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By Carey Olsen on
20 February 2018
The Channel Islands Group of the Chartered Institute of Public Relations (CIPR) has a new committee, which will lead the group through its 10th anniversary.
Guernsey-based Mark Oliphant (pictured), Head of Communications at The International Stock Exchange Group, continues for a second annual...
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By Orchard PR on
19 February 2018
Praxis Fund Services (PFS) has supported Guernsey-registered closed-ended investment company Asia Pacific Basket Limited (ABPL) through a second rollover and fundraising.
ABPL raised US$109 million through a combination of existing and new investors, and offers exposure to a range of internat...
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By PraxisIFM on
19 February 2018
Parslows Jersey has appointed Lorraine McClure as Head of its Personal Injury team.
Lorraine brings almost 20 years' experience within the finance and legal industry to the new role, having started her career with Bedell.
She joined Parslows in March 2017 and has been practising as a Jer...
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By Parslows on
19 February 2018
The Bank of Butterfield has entered into an agreement to acquire Deutsche Bank’s banking and custody business in Jersey, Guernsey and the Cayman Islands, which provides services primarily to financial intermediaries and corporate clients. Terms of the agreement have not been disclosed.
Deutsc...
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By Liquid on
19 February 2018
As China celebrates New Year, the Year of the Dog, Warwick Long, Head of Commercial Banking at HSBC Channel Islands and Isle of Man, looks at what China's evolving fortunes mean for Guernsey and Jersey
Beijing Capital Airport handled nearly 96 million passengers in 2017. China has about 75...
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By Crystal PR on
19 February 2018
Jersey's Royal Court has registered new data protection legislation that will strengthen individuals’ rights and enable island businesses to continue accessing international markets.
The registration of the Data Protection (Jersey) Law 2018 and Data Protection (Authority) Jersey Law 2018 ...
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By States of Jersey on
16 February 2018
A new fund, offering investment to innovators and entrepreneurial companies, has been launched in Guernsey.
The Guernsey Investment Fund will invest in projects and businesses that have a Bailiwick of Guernsey focus or which may benefit directly or indirectly the development of the bailiwick. ...
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By Ravenscroft on
16 February 2018
Investor onboarding platform The ID Register, part of Ipes, has signed a strategic alliance with professional services provider KPMG Channel Islands.
Chris Merry, Chief Executive of Ipes, commented: “This alliance provides us the opportunity to jointly promote The ID Register whilst als...
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By Ipes on
15 February 2018
Investment consultancy ARC, which operates from London, the Channel Islands and Toronto, has completed a restructuring plan that results in parent company ARC Group being majority owned by employees, with the largest ordinary shareholder being an employee benefit trust.
Arthur Labatt, the Can...
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By Orchard PR on
15 February 2018
Corporate services specialist Vistra has acquired Dublin-based Squires Gilbride Chartered Accountants & Advisors.
Formed in 2016 through the merger of historic businesses, Squires Gilbride provides accounting, tax, company secretarial, payroll, auditing and advisory services. It serves local an...
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By Nacelle on
15 February 2018
C5 Alliance has announced the promotion of three senior staff in Guernsey.
Simon Tidd, who was Head of Project Delivery, is now Head of Professional Services in Guernsey. Jon Le Noury has been promoted from Senior Consultant and Business Analyst in the project delivery team to Head ...
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By Orchard PR on
15 February 2018
A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from the Jersey Financial Servic...
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By Crystal PR on
15 February 2018
RBS International has appointed Selina Camara as its Head of Resourcing and Talent, based in Jersey.
Selina has been employed by the bank since leaving school. Her 23-year career with the firm has included a range of roles within retail banking and time as a Relationship Manager in the intern...
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By Crystal PR on
15 February 2018
Progress on public sector reform and the challenges ahead for Jersey's government and business sector will come under the spotlight at the inaugural IoD Jersey Mid-Year Review next month.
The Chief Minister Senator Ian Gorst and the States of Jersey's newly appointed Chief Executive, Charli...
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By Crystal PR on
14 February 2018
First Names Group has appointed Stuart Pinnington as Group Managing Director Corporate Services.
A corporate funds lawyer, Stuart joins First Names from JTC, where he has served as Group Head of Corporate Services for the past four years.
His career began with LG in the UK, and has incl...
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By First Names Group on
14 February 2018
Corporate services business Maitland is to expand its presence in Guernsey, having obtained a full fiduciary licence.
This will allow the company to provide a complete suite of private client fiduciary services in Guernsey alongside its existing fund administration and corporate services offering.&...
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14 February 2018
International law firm Walkers has appointed Christopher Reed as a Senior Counsel in the Investment Funds and Corporate teams in its Jersey office.
Christopher brings a wealth of experience to Walkers, having worked on many complex, high-value, cross-border transactions. He joins the firm hav...
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By Walkers on
14 February 2018
Hawksford has appointed Irene Lee as a Director in its Singapore office, overseeing private client and corporate business development.
In her newly created role, Irene will be responsible for building the company's relationships with intermediaries and partners serving high-net-worth individual...
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By Liquid PR on
13 February 2018
Martyn White has been appointed Account Director at Jersey-based marketing and creative agency Freedom Media.
Martyn will be responsible for advising clients on their strategic marketing and communications plans, managing key client accounts and helping to grow the business.
His 20-year career inc...
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By Freedom Media on
12 February 2018
The Guernsey branch of the Institute of Directors is to hold its 2018 mid-term breakfast next month, picking up on the topic of digital connectivity.
Panellists representing the telecommunications sector and the States of Guernsey will review how Guernsey is faring in the global digital landscape.
...
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By Orchard PR on
12 February 2018
The Channel Islands Treasurers Association (CITA) is to hold its inaugural meeting in Jersey at 3pm on 28 February.
CITA has been formed to give treasurers a formal voice to engage with government, regulators and other professionals and industry bodies across the Channel Islands.
Key c...
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By JCAP Treasury Services on
12 February 2018
Fund and corporate services provider Aztec Group has made two senior promotions in Jersey. Michael Wood and Erique Mvalo have both been promoted to Director within the private equity team.
Michael (pictured right) has been with the Aztec Group for over 10 years, joining as a Client Relationsh...
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By Aztec on
12 February 2018
Channel Islands retailer SandpiperCI has reached a franchise and wholesale supply agreement with UK supermarket chain Morrisons.
Under the new partnership, most of Sandpiper’s Channel Island mini-supermarkets will be rebranded as Morrisons Daily stores. The stores will be supplied with M...
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By Sandpiper CI on
12 February 2018
Business change specialist BDO Greenlight has appointed Peter Charalambous as a Senior Consultant to lead significant change programmes.
Peter brings a wealth of experience to the role in the development and management of service delivery across diverse geographies, cultures and functions.
&n...
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By Direct Input on
12 February 2018
Digital Jersey has appointed Andrew Frith as Digital Health Special Adviser to help develop the sector on the island.
An experienced information and technology professional in the health and social care sector, Andrew was fundamental to the development of the island's Digital Health Strat...
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By Digital Jersey on
12 February 2018
There was positive growth in visitor numbers in 2017, with an overall increase of departing visitors – excluding cruise ship passengers and visiting yachtsman – of four per cent, according to new figures from the States of Guernsey.
This was largely driven by a five per cent ...
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By States Of Guernsey on
12 February 2018
Figures from the Residential Property Prices Bulletin for the final quarter of 2017 reflect a strong and growing housing market in Guernsey.
Commenting on the findings, Skipton International said the market has begun to rebound following a period of fluctuation, increasing activity and l...
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By Direct Input on
12 February 2018
Financial services provider Estera has appointed David Lambotte as a Director, based in Jersey.
As well as leading the development of the firm's new private client business, David will contribute to the service delivery and oversight of key client relationships across its locations.
...
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By Estera on
12 February 2018
The States of Jersey has released the results of its latest quarterly Business Tendency Survey, providing qualitative information about the island’s economy.
Chief executives and managing directors are asked for their opinions on the current situation of their business compared with three mon...
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By States of Jersey on
9 February 2018
Guernsey expertise in captive insurance has been recognised internationally, with two practitioners from the island making the Captive Review Power 50 for 2017 and another added to the Captive Review Hall of Fame.
Nick Heys, CEO at Artex International, has spent nearly 40 years in the industry ...
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By Guernsey Finance on
9 February 2018
RBS International has made three senior appointments to its funds banking team in Jersey.
James Hamelin has been appointed as a Director, Funds Banking in Jersey. Joining the bank as a graduate in 2010, James' previous role was within the markets team, assisting funds customers to manage foreig...
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By Crystal PR on
9 February 2018
The Qi Group of companies has appointed Steve Ryan as its new CEO.
Before joining Qi, Steve founded PBS Insurance and Acorn Mortgages, launched several mortgage and finance companies in Jersey, and worked with financial institutions in the UK.
The Qi Group, comprised of Quidsin.com and...
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By Qi Group on
7 February 2018
Canaccord Genuity Wealth Management in the UK & Europe, which has offices in Guernsey and Jersey, has announced revenues of £36.1 million during the third quarter of fiscal 2018 – an increase of £15.2 million, or 73.1 per cent, compared with the same quarter last year.
T...
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By ORCHID on
7 February 2018
RBC Wealth Management, part of Royal Bank of Canada (RBC), has announced the appointments of Petrina Le Vallois and Sam Ozanne as Directors in the firm’s Guernsey-based fiduciary services business.
Petrina brings 35 years of industry experience to her new role, having worked in private ...
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By Greentarget on
7 February 2018
Intertrust in Jersey has promoted real estate professional Jane Stammers to a Director within its real estate team.
Jane joined Intertrust in September 2014 as a Client Director and has more than 20 years’ experience in offshore administration, ensuring strong offshore manage...
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By Orchard PR on
7 February 2018
Offshore law firm Carey Olsen has appointed commercial litigator Dhanshuklal Vekaria to its dispute resolution and insolvency practice in Hong Kong.
He joins Carey Olsen from offshore law firm Harneys, having qualified and worked in the UK with Pinsent Masons before moving to the Cayman Islan...
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By Carey Olsen on
7 February 2018
Jersey-based financial services provider Ocorian has entered into a definitive agreement to purchase ABAX, an integrated advisory, corporate and business services provider based in Mauritius.
The acquisition will extend Ocorian’s operations into Africa, Asia and the Middle East and incr...
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By Ocorian on
6 February 2018
Carey Olsen's dispute resolution team, instructed by the UK official receiver, has appeared in the Royal Court of Jersey to apply for the appointment of liquidators over Carillion entities incorporated in Jersey.
UK-domiciled construction and facilities management company Carillion went into li...
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By Carey Olsen on
6 February 2018
Collas Crill Partner David O'Hanlon has been sworn in as a Guernsey Advocate this week.
David is a senior member of Collas Crill's commercial dispute resolution team, focusing on contentious and semi-contentious trust and internal company issues.
He also has a wide experience of profession...
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By Collas Crill on
6 February 2018
The Jersey Financial Services Commission (JFSC) has been alerted to recent articles that claim that certain initial coin offerings (ICOs) are regulated by the JFSC.
The JFSC considers such statements to be misleading, and is issuing this statement to clarify the regulatory treatment of ICOs and to ...
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By Jersey Financial Services Commission on
5 February 2018
Two members of the senior management team at trust and corporate services firm NWH Global have been appointed to the Guernsey board.
Helen Bougourd is Head of Client Services and Adam Pickering is Compliance Manager in the Guernsey office of the group, which is also located in the BVI, Hong K...
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By Orchard PR on
5 February 2018
Carey Olsen Bermuda, founded in association with Managing Partner and local Attorney Michael Hanson (pictured), has opened for business.
Michael's practice is centred on Bermuda human capital and regulatory law, advising global insurers and reinsurers and acting for international business...
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By Carey Olsen on
5 February 2018
Financial services specialist Zedra is to open a second office in Switzerland, in Zürich’s main business district.
The move aims to build the firm's presence in the German-speaking region, focusing on its corporate business, entrepreneurs and high-net-worth individuals.
Vadim Neuman...
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By Nacelle on
5 February 2018
An Ogier team is advising events specialist UBM on the recommended takeover offer by events and publishing business Informa. The offer values UBM at £3.9bn.
Ogier is advising on the Jersey law aspects of the proposed deal, working with lead Counsel Linklaters.
Led by Global Head of Cor...
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By Ogier on
2 February 2018
Viberts has appointed Eleanor Colley to its team of Jersey lawyers.
Eleanor, a newly qualified Jersey solicitor, brings with her expertise in a wide range of corporate and commercial private client matters to the commercial team.
She joins Viberts from Pinel Advocates, where she has spent th...
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By Viberts on
2 February 2018
Offshore law firm Carey Olsen has advised entities managed by the Carlyle Group and affiliates of Värde Partners on the A$1.2bn restructure and recapitalisation of the Bis Industries group, an Australian resources logistics and materials handling provider.
The transaction, implemented vi...
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By Carey Olsen on
2 February 2018
Jersey-based Ashburton Investments' Chindia Equity Fund has been named one of the top-performing offshore funds, for the third consecutive year, at the Raging Bull Awards held this week in Cape Town, South Africa.
The Chindia Equity Fund, managed by St Helier-based investment manager...
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By Ashburton Investments on
2 February 2018
Maitland, the global advisory and fund administrator for listed funds, has been chosen as the fund administrator for two Guernsey-domiciled funds – Tufton Oceanic Assets and CIP Merchant Capital.
Both firms listed on the London Stock Exchange (LSE) at the end of last year, making them two of ...
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By Maitland on
1 February 2018
Offshore law firm Mourant Ozannes has announced the appointment of three Partners to its global partnership.
Stephen Alexander and Carla Benest (both pictured), from the Jersey office and Chinyin Johnston from the London office will join the partnership from 1 February.
Stephen joined Mourant Ozan...
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By Mourant Ozannes on
1 February 2018
Saffery Champness has made three senior promotions.
In the Guernsey-based fiduciary department, Andy Russell has been promoted from Trust Manager to Senior Trust Manager.
He joined Saffery Champness in 2008 and is responsible for a team administering a group of ultra-high-net-worth relations...
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By Orchard PR on
1 February 2018
Fund and corporate services provider the Aztec Group has promoted Cara McErlane to Associate Director in Guernsey.
Cara joined Aztec as a Financial Reporting Manager in 2013 from KPMG. During her time with the business, she has helped develop client relationships in Guernsey and is now respon...
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By Aztec on
1 February 2018
Finance broker Garry Falla (pictured) has taken over the sole ownership of Falla Ingrouille, the business he co-founded in 2003, following the departure of his business partner Adrian Welch.
With almost 40 years’ experience in the lending sector, Garry will continue to operate the ...
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By Orchard PR on
1 February 2018