Business News Archive

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February  2019  (60)

  • Carey Olsen advises on growth debt fund

    careyolsen logo_2017Lawyers from Carey Olsen's investment funds team in Jersey have advised long-standing client Kreos Capital on the launch of its largest ever growth debt fund.   The fund, Kreos Capital VI (Expert Fund) LP, has secured €700 million of committed capital and will continue the strategy of ...     [read more]

    By Carey Olsen on  28 February 2019 
  • Marbral Advisory announces new senior role

    Natasha Egre_MarbralInternational change and project management specialist Marbral Advisory has appointed Natasha Egré as Head of Client and Product Development.  Natasha will be responsible for client acquisition, leading the company’s marketing and PR strategy and developing new product and service...     [read more]

    By Marbral Advisory on  27 February 2019 
  • Skipton International appoints new NED to board

    Shelagh Mason_SkiptonUK property solicitor Shelagh Mason has joined the board of Skipton International as a Non-Executive Director. With extensive legal experience of the UK and Channel Islands markets, Shelagh currently acts as a consultant at Collas Crill. She also sits on a number of boards as an independe...     [read more]

    By Direct Input on  27 February 2019 
  • Aurigny announces two new routes

    Aurigny logo 2019Guernsey airline Aurigny has added two new routes to its schedule – a twice daily return to Jersey from Guernsey, and a twice daily return to Southampton from Guernsey, both commencing in May. The airline says the return of Aurigny to Jersey and the additional services to Southampton wil...     [read more]

    By Aurigny on  26 February 2019 
  • Contribute to the annual Wealth edition of Businesslife

    BL56_coverFrom wine to art to classic cars, what are the ‘passion assets’ that high-net-worth individuals will be investing in this year? Why are the wealthy having to tighten their belts on a trip to the shops these days? And how can baby boomers and millennials prepare for the great inter-genera...     [read more]

    By BL Global on  26 February 2019 
  • Intertrust appoints Head of Corporate Services in Guernsey

    AmitTaylor_IntertrustIntertrust has announced the appointment of Amit Taylor as Head of Corporate Services in Guernsey.   Amit will form part of the new Guernsey senior management team and has more than 20 years’ experience as a finance industry professional in the UK and Guernsey.  He moved to the...     [read more]

    By Orchard PR on  26 February 2019 
  • Nedbank appoints Head of Investments in Jersey

    David McFadzean_NedbankNedbank Private Wealth has appointed David McFadzean as its Head of Investments Jersey.   Based in Jersey, David will be responsible for driving the company’s investment proposition for private individuals, trustees and investment consultants. His initial focus will be on the corporate tr...     [read more]

    By Isle of Man Advertising & PR on  25 February 2019 
  • Citywealth Powerwomen Awards 2019 winners announced

    LisaSpringate_Powerwomen2019The Citywealth Powerwomen Awards 2019, which took place last night in the City of London, celebrated individuals and companies that support female leadership and diversity within the wealth management sector.    A total of 21 Gold, Silver and Bronze awards were announced, plus two special ...     [read more]

    By Citywealth on  22 February 2019 
  • St Helier office take-up reaches record high

    D2 logoOffice occupational take-up in St Helier reached a record high in 2018, with around 250,000 sq ft of stock being let, according to recent research by D2 Real Estate.  Given this increase, the total office vacancy rate has fallen significantly and is now below the historic average.   The ...     [read more]

    By D2 Real Estate on  21 February 2019 
  • EY to hold seminar on AML changes

    EY_logo_2017EY is holding seminar on 13 March, which will provide an overview of the changes to the AML Handbook. The new AML regime will come into effect on 31 March. EY Advisory Director Mark Le Page will offer his insights on the upcoming changes. Mark worked for the GFSC for over 16 years, during which tim...     [read more]

    By EY on  21 February 2019 
  • Fairway appoints Trust Managers

    TanyaHarrison_FairwayJersey fiduciary group Fairway has promoted Tanya Harrison (pictured) and Chris Mourant to the role of Trust Manager. Both were previously Assistant Trust Managers with the firm. Tanya joined the Private Client trust team in 2016, having worked for a number of local firms in the offshore ...     [read more]

    By Fairway Group on  21 February 2019 
  • Flybe announces daily flights from Guernsey to Heathrow

    European regional airline Flybe has announced that it will be operating a direct daily flight between Guernsey and Heathrow airport from 31 March.  It is understood the Heathrow link will be a trial for seven months from the end of March to the end of October. For the first time in 20 ye...     [read more]

    By States Of Guernsey on  21 February 2019 
  • JFSC highlights rise in NPPR uptake

    JFSC logo Jersey’s funds industry continued to see a rise in the number of alternative fund managers choosing to market their funds through national private placement regimes (NPPR) in the second half of 2018, according to the latest figures from the Jersey Financial Services Commission (JFSC). Data fr...     [read more]

    By Crystal PR on  21 February 2019 
  • PwC makes senior CI appointments

    CharlotteBeattie_PwCPwC has made three appointments across the Channel Islands. Gerlind Smith has joined as Human Capital Director, based in Jersey. She has been with PwC for 21 years, having relocated to the islands from Johannesburg. Most recently, she had responsibility for the entire human capital function of PwC ...     [read more]

    By Crystal PR on  21 February 2019 
  • Mourant advises on insurance takeover

    mourant logo 2018Mourant has advised a New York-based private equity firm Elm Bidco on its takeover of AIM-listed GBGI, a global provider of international benefits insurance. Trading principally as GBG Insurance Group, GBGI offers services from policy sales to claim administration.  The takeover of GBGI was un...     [read more]

    By Mourant on  20 February 2019 
  • Guernsey Finance names new London representative

    ChristineGill_GuernseyFinanceGuernsey Finance has appointed Christine Gill as its new London Representative, taking over from Adrian Norman.  Christine has a remit to promote awareness of Guernsey’s finance offering, educate about the island’s financial services, and connect London professionals with Guernsey ...     [read more]

    By We Are Guernsey on  20 February 2019 
  • JTC adds to head office management team

    Dean Blackburn_JTCPrivate wealth, fund and corporate service provider JTC has appointed Dean Blackburn as Group Director to the CEO Office at the group’s head office in Jersey. In his new role, Dean will focus on the implementation of key operational, growth and change management priorities, as well as support...     [read more]

    By Crystal PR on  20 February 2019 
  • Equiom announces top-level job moves

    Equiom_Aidan DavinInternational professional services provider Equiom has promoted Aidan Davin to the role of Chief Operating Officer (COO) for its offices in Jersey, Guernsey and the Isle of Man.   Aidan has been with Equiom since 2005 and has for the past three years served as Managing Director of Equiom (Isle...     [read more]

    By Equiom on  19 February 2019 
  • Intertrust realigns fund services team

    Intertrust_MichaelJohnsonIntertrust has repositioned its fund services team in the Channel Islands in order to better accommodate its growth and development plans. Two specialist service teams – private equity and real estate – will prioritise alignment across Guernsey and Jersey.  Michael Johnson, He...     [read more]

    By Orchard PR on  18 February 2019 
  • Carey Olsen names new Guernsey leaders

    Elaine_Gray_COCarey Olsen has named Partner Elaine Gray (pictured right) as Head of its Dispute Resolution and Litigation practice in Guernsey, taking over from Karen Le Cras (pictured below), who has been appointed to a new role as Global General Counsel to the firm.   Elaine, who joined the firm as counsel...     [read more]

    By Carey Olsen on  18 February 2019 
  • Walkers advises on Apex Group acquisitions

    Walkers Logo 2018International law firm Walkers has recently advised fund services provider Apex Group on three acquisitions that significantly enhance the group's fund and corporate administration capabilities in the Channel Islands and Ireland. The law firm acted in relation to the acquisition of global hedge...     [read more]

    By Walkers on  18 February 2019 
  • RBS International announces 2018 results

    RBSI logoJersey-based RBS International has announced its annual results for 2018. The key points are as follows: • The bank returned a pre-tax operating profit of £336 million in 2018 – it has now reported 22 years of consecutive profit.  • In 2018, RBSI's income increa...     [read more]

    By Crystal PR on  15 February 2019 
  • Former Microsoft Vice President joins Oi board

    ChrisAtkinson_OiFormer Microsoft Vice President of Sales and Marketing Chris Atkinson has joined the board of Channel Island-based creative and digital agency Oi as its Executive Chairman. As part of a 21-year career with Microsoft, Chris spent over a decade as a Vice President before moving to Guernsey in 2014 to...     [read more]

    By Oi on  15 February 2019 
  • Jersey Q4 2018 House Price Index published

    Statistics Jersey logoThe House Price Index report for the fourth quarter of 2018 has been published by Statistics Jersey. Annual summary   On a calendar year basis: • The Jersey House Price Index was 7% higher than in 2017. • The latest annual increase of the Jersey House Price Index was the highest for ...     [read more]

    By Government of Jersey on  14 February 2019 
  • Alter Domus becomes latest TISE member

    TISE logoFund and corporate services provider Alter Domus has become the latest firm in Jersey to be admitted as a listing member of The International Stock Exchange (TISE).   Alter Domus (Jersey) Listing Services has been approved to act as a listing agent for non-retail debt securities and sponsor to ...     [read more]

    By TISE on  14 February 2019 
  • Guernsey visitor numbers rise in Q4 2018

    The total number of staying visitors in Guernsey increased by 5% in quarter 4 2018 compared with the same period in 2017 (+1,810 visitors), according to Guernsey's Office of the Committee for Economic Development, with the number of visitors staying for leisure purposes increasing by 10%. Total...     [read more]

    By States Of Guernsey on  14 February 2019 
  • Entries open for IoD Jersey Awards

    IoD LogoThe Jersey branch of the Institute of Directors (IoD) has launched its annual search to identify the island’s top leaders across the private, public and voluntary sectors. The judging panel for the awards will be chaired by Tim Crowley, Managing Director of La Mare Vineyards. He will be joine...     [read more]

    By IoD on  14 February 2019 
  • Chief Minister outlines Brexit priorities in Westminster

    GovJersey_official logo_2019The Chief Minister, Senator John Le Fondré, has met with UK politicians in London to outline Jersey’s priorities in relation to Brexit and to support the island’s ongoing relationship with the UK.  The Chief Minister attended his second meeting of the All-Party Parliamentary...     [read more]

    By Government of Jersey on  13 February 2019 
  • Oi receives IPA recognition award

    Oi new logoChannel Island creative and digital agency Oi has received a commemorative award from the Institute of Practitioners in Advertising (IPA) in recognition of its long-standing contribution to the advertising industry. The award marks Oi’s decade-long relationship with the IPA and for being an I...     [read more]

    By Oi on  13 February 2019 
  • Oben Law adds litigator to team

    Greg Herold-Howes_ObenJersey-based Oben Law has appointed Greg Herold-Howes as an Associate. An experienced litigator, Greg has expertise in dealing with a wide variety of instructions, including commercial disputes, crime, insolvency, trusts, estate issues, construction law and family matters. He joins from Viberts, w...     [read more]

    By Intro on  12 February 2019 
  • Jersey Finance appoints new CEO

    JoeMoynihan_JerseyFinanceJersey Finance has appointed financial services professional Joe Moynihan as its new CEO. Joe starts in his new position on 18 February, taking over from Geoff Cook, who is leaving after 12 years in the role. An experienced financial services professional with a longstanding career in Jersey in th...     [read more]

    By Jersey Finance on  12 February 2019 
  • Digital Jersey signs agriculture research MoU

    DigitalJersey_logo2018Digital Jersey and agricultural science research centre Rothamsted Research have signed an agreement to create a pilot virtual model of Jersey to advance global understanding of sustainable agriculture. The memorandum of understanding (MoU) signals the start of work on a 'digital twin’ of...     [read more]

    By Digital Jersey on  12 February 2019 
  • Logicalis to hold cyber security event

    Logicalis logoLogicalis CI has announced a cyber security event – Reducing the risk of data breach – which will be held on 20 March at the Royal Yacht, St Helier. The free-to-attend one-day event is focused on robust strategies for dealing with cyber security and potential breaches and will offe...     [read more]

    By Direct Input on  11 February 2019 
  • SMP announces buyout and new CEO

    SMP logoCorporate, trust and professional services provider SMP Group, which includes Jersey-based SMP Partners, has announced a management buyout, as part of a planned leadership succession process. The MBO is subject to regulatory approval. The group was created in 2007 through a management buyout f...     [read more]

    By SMP Group on  11 February 2019 
  • Carey Olsen names new family law lead

    LaurenGlynn_CareyOlsenCarey Olsen has confirmed Senior Associate Lauren Glynn as its lead family law specialist in Jersey.   Lauren takes over from Samantha McFadzean, who recently became the Family Division Registrar of the Royal Court in Jersey.  Lauren joined Carey Olsen in 2013 before departing in 2017 to ...     [read more]

    By Carey Olsen on  11 February 2019 
  • Mourant advises on property portfolio acquisition

    mourant logo 2018Offshore law firm Mourant has advised Belgian healthcare real estate business Aedifica on its acquisition of a portfolio of 93 care home properties across England for approximately £450m from Lonestar. The deal marks Aedifica’s entry into the UK market, making it the fourth country in i...     [read more]

    By Mourant on  11 February 2019 
  • EY announces management promotion

    Nick Masterton_EYEY has announced the promotion of Nick Masterton to Manager within its Guernsey-based assurance team.  Nick joined the firm as a trainee in 2013. He has a wealth of experience across the financial services sectors, including wealth and asset management, specifically private equity and real est...     [read more]

    By EY on  11 February 2019 
  • Global power to headline at IoD Leaders Lunch

    IoD LogoGlobal power, economic prosperity and international trade wars are all on the agenda at the next IoD Jersey Leaders Lunch on Tuesday 26 February. The lunch, entitled Trade Wars - Seeing the Wood for the Trees, will take place at the Grand Jersey Hotel & Spa from 12 noon.  The guest speake...     [read more]

    By IoD on  8 February 2019 
  • Governance body announces Guernsey seminars

    icsa logo 2018ICSA: The Governance Institute has announced its first two seminars of 2019, which focus on the skills required by company secretaries and governance professionals in Guernsey to support the island’s businesses and other organisations.  The chartered body, which supports and trains gover...     [read more]

    By Agility PR on  8 February 2019 
  • Credit Suisse announces Guernsey promotions

    Catherine Bateman_CreditSuisseCredit Suisse in Guernsey has made five senior promotions. Head of Compliance Catherine Bateman, who has worked with the bank for 15 years, has been promoted from Vice President to Director.   Gemma Pols, Trust Manager of Credit Suisse Trust, has been promoted from Assistant Vice President to...     [read more]

    By Liquid on  8 February 2019 
  • JFSC launches 2019 Business Plan

    JFSC business plan 2019The Jersey Financial Services Commission (JFSC) has announced its priorities for the coming year with the launch of its 2019 Business Plan. The regulator re-emphasised its commitment to maintaining the island’s reputation as a first-class international finance centre. Mitigating the greatest...     [read more]

    By Jersey Financial Services Commission on  8 February 2019 
  • Ogier: Guernsey house prices show cause for optimism

    MartynBaudains_OgierOgier Partner Martyn Baudains (pictured) gives his perspectives on some good news for the Guernsey property market The States of Guernsey’s 2018 Q4 Residential Property Prices Bulletin, released today, confirms a marked improvement in the Guernsey property market. The eye-catching figures ar...     [read more]

    By Ogier on  8 February 2019 
  • JFSC appoints Commissioner to board

    Garrad, Tracy_2018The Jersey Financial Services Commission (JFSC) has announced the appointment of Tracy Garrad as a Commissioner to its board. She will be sworn in by the Royal Court for a five-year term this week. A former Chief Executive Officer of HSBC Channel lslands and Isle of Man, Tracy’s career spans ...     [read more]

    By Jersey Financial Services Commission on  7 February 2019 
  • Euromoney banking winners announced

    Euromoney Private Banking Awards 2019 logoEuromoney has announced the 2019 winners of its Private Banking and Wealth Management Survey, which recognises the leading providers of private banking services. Guernsey Best Private Banking Services Overall – Julius Baer Ultra High Net Worth Clients (>$30 million) – Rothschild High...     [read more]

    By BL Global on  7 February 2019 
  • Ogier promotes four lawyers

    Chula O'DonoghueOgier in Jersey has announced four promotions in its Corporate and Finance teams. Chula O'Donoghue, a Jersey Advocate who also trained with Ogier, becomes Counsel. Chula's primary focus is real estate and corporate finance, acting on a wide range of lender and borrower side financings, incl...     [read more]

    By Ogier on  7 February 2019 
  • Number of debt judgments in Jersey falls but value rises

    Registry Trust logoThe number of debt judgments in Jersey fell in 2018 compared with 2017, according to figures released this week by Registry Trust. However, the total value of judgments increased during the same year.   There were 1,492 judgments registered in Jersey during 2018, 14% fewer than in 2017. By cont...     [read more]

    By Registry Trust on  7 February 2019 
  • Guernsey reaches record levels of private equity business

    We Are Guernsey logoThe value of private equity business in Guernsey reached its highest ever level at the end of September 2018, according to the latest fund statistics from the Guernsey Financial Services Commission. The regulator confirmed that the net asset value of private equity funds in the island passed £...     [read more]

    By We Are Guernsey on  6 February 2019 
  • Apex completes Ipes acquisition

    ApexApex Group has completed the acquisition of private equity administrator Ipes, first announced last June, adding $165bn in assets under administration to the group’s portfolio. According to Apex, the addition of the Ipes business strengthens its services in the private equity space and its po...     [read more]

    By Apex Group on  6 February 2019 
  • Jersey releases latest Business Tendency Survey results

    States of Jersey logo 2017Statistics Jersey has released the results of its December 2018 Business Tendency Survey, which provides qualitative information about the island’s economy. The survey asks chief executives and managing directors for their opinions on the current state of their business compared with three mo...     [read more]

    By States of Jersey on  6 February 2019 
  • EU agrees new investment fund market rules

    EU logoThe European Commission has welcomed the political agreement reached by the European Parliament and EU member states this week on new rules to make it easier, quicker and cheaper for EU asset managers to sell funds to a wider range of investors. In turn, investors across the EU will have access to ...     [read more]

    By European Commission on  6 February 2019 
  • Highvern makes manager hire

    RichardGoodridge_HighvernHighvern Trustees has added to its family office proposition with the appointment of  Richard Goodridge as Client Manager.      Richard began his career within the fiduciary services sector 20 years ago. He joins Highvern from Zedra, where he has served as Senior Trust Officer fo...     [read more]

    By Highvern on  6 February 2019 
  • Walkers announces Senior Counsel hires

    sevyn-kalsi-OgierWalkers has appointed two Senior Counsel to its Channel Islands Banking & Finance and Private Capital practices. Jon Le Rossignol joins as Senior Counsel in the Banking & Finance team. Jon is returning to Jersey having spent the past five years practising Jersey law in London with Mourant.&...     [read more]

    By Walkers on  6 February 2019 
  • Fairway Group appoints to trust company board

    Fairway_Caroline DutotFairway Group’s trust business has added Advocate Caroline Dutot to its board as part of a scheme organised by Board Apprentice, a not-for-profit organisation founded in Jersey in 2014 to add equality and diversity in company boards. Caroline has spent the past three and a half years as ...     [read more]

    By Fairway Group on  5 February 2019 
  • CIISF to hold cyber security seminar

    CIISF logoThe Channel Islands Information Security Forum (CIISF) is holding its first lunchtime seminar of the year – Cyber security considerations during mergers and acquisitions – on 12 February at the Digital Jersey Hub, Saint Helier. The event examines the challenge of cyber security in the n...     [read more]

    By KPMG on  5 February 2019 
  • Hatstone and Folio merger approved

    Hatstone Lawyers advises in £36m deal to transform Poplar Baths into the East End's newest leisure centreFurther to its announcement last year, the Hatstone Group and Folio Group have received regulatory consent to merge the two businesses. The new group has more than 50 employees providing a wide range of legal, corporate and fiduciary and fund administration services. The merger creates a new group...     [read more]

    By Hatstone Lawyers on  4 February 2019 
  • SGG Group announces senior board appointments

    Serge KrancenblumGlobal investor services provider SGG Group has appointed Serge Krancenblum to the new position of Group Executive Chairman and Chair of the Group’s Supervisory Board, and Mark Pesco as its new Group Chief Executive Officer. Both appointments are subject to regulatory approval.    I...     [read more]

    By First Names Group on  4 February 2019 
  • Viberts makes Partner promotion

    Viberts_JamieOrchardJamie Orchard has been promoted to Partner in Viberts, after four years with the firm.   As part of Viberts’ family law department, Jamie primarily deals with high-net-worth divorce matters involving complex financial issues such as overseas assets, offshore companies and trusts.  ...     [read more]

    By Crystal PR on  4 February 2019 
  • JFSC joins Global Financial Innovation Network

    JFSC logo The Jersey Financial Services Commission (JFSC) has joined the Global Financial Innovation Network (GFIN), which was formally launched last week with a primary focus on protecting consumers’ interests. The GFIN is an international group of 29 financial regulators and related organisations tha...     [read more]

    By Jersey Financial Services Commission on  4 February 2019 
  • MJ Hudson advises on solar energy fund

    MJ Hudson logoGuernsey and London teams from MJ Hudson have advised NextEnergy Capital on the first close of its private equity fund NextPower III LP (NP III). The solar energy fund secured initial commitments of $160 million. NP III’s investment strategy is to invest in new-build solar photovoltaic (...     [read more]

    By Yellow Jersey on  4 February 2019 
  • TISE receives recognition from the SEC

    TISE logoThe International Stock Exchange (TISE) has been approved as a Designated Offshore Securities Market (DOSM) by the US Securities and Exchange Commission (SEC). The recognition from the federal regulator means that securities listed on TISE can be issued and resold in a more streamlined manner. Fion...     [read more]

    By TISE on  1 February 2019 

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