Business News Archive

« December 2017

January  2018  (36)

  • Jersey banking law gets SEPA update

    Jersey Finance lionAn amendment to Jersey’s banking regulations came into force on Friday 18 January, relating to the Single European Payments Area (SEPA). The amendment updates Jersey’s law to bring it in line with all other SEPA members. According to Jersey Finance, the amendment means banks and their c...     [read more]

    By Crystal PR on  22 January 2018 
  • Standard Chartered makes two appointments

    Phil HarveyStandard Chartered Private Bank has appointed Philip Harvey (pictured left) as Executive Director within its Wealth Intermediaries team. In his new role, Philip will be responsible for developing and strengthening relationships with professional intermediaries, both on and off island.  He bri...     [read more]

    By Liquid on  22 January 2018 
  • RBS provides financing solution for Guernsey fund

    RBS International has completed a multimillion-pound revolving credit facility for a Guernsey-based debt fund. Sequoia Economic Infrastructure Income Fund is a Guernsey-domiciled closed-ended fund listed on the FTSE 250 Index, which invests principally in infrastructure loans backed by operational ...     [read more]

    By Crystal PR on  19 January 2018 
  • Crestbridge appoints Director

    KeithMallet_CrestbridgeCrestbridge has added to its Family Office Services team in Jersey with the appointment of Keith Mallet as Director. Keith brings to the role more than 20 years' experience of working in international financial services, having started work in the trust tax group at Abacus Financial Servic...     [read more]

    By Crystal PR on  19 January 2018 
  • Grant Thornton makes senior IT appointment

    DavidCartwright_GrantThorntonGrant Thornton has appointed David Cartwright as Senior Consultant, Information Security. David will lead the Information Security team, providing a range of services to clients in the Channel Islands: • Data protection, including the EU GDPR and Channel Islands laws • Information se...     [read more]

    By Grant Thornton on  18 January 2018 
  • Digital Jersey announces annual review

    Digital Jersey logoDigital Jersey is holding its annual review on 26 January at Cineworld in St Helier. At the free-to-attend breakfast meeting, Digital Jersey CEO Tony Moretta and guests will discuss key areas of focus and the organisation's plans for the coming year. • Joe Dignan, global Smart City expert...     [read more]

    By Digital Jersey on  18 January 2018 
  • Pinel to hold digital startup seminar

    Pinel AdvocatesDigital Jersey is hosting a presentation by Advocate Andrew Pinel on the legal considerations of starting a digital business. The free-to-attend event will be held on Thursday 15 March, from 12:30 to 13:30, at the Digital Jersey Hub. Andrew Pinel will look at the legal considerations involved ...     [read more]

    By Digital Jersey on  18 January 2018 
  • IoD Brexit expert to speak at lunch

    IoD LogoThe potential impact of Brexit on local businesses and progress in the UK’s Brexit negotiations are to be put under the spotlight at the first IoD Jersey lunch club event this year, when Allie Renison (pictured), Head of Europe and Trade Policy at the Institute of Directors, will be the visiti...     [read more]

    By Crystal PR on  18 January 2018 
  • Funding Knight renamed Sancus Funding

    Sancus logoJersey-based Sancus BMS Group has taken ownership of sister operation Funding Knight, which changes its name to Sancus Funding with immediate effect.  The move is part of a review of operations by Guernsey-based owner GLI Finance, which has transferred its holding in Funding Knight to Sancus. ...     [read more]

    By Sancus on  17 January 2018 
  • Four senior promotions at Carey Olsen

    Nienke-Malan_COOffshore law firm Carey Olsen has made four senior promotions across its Jersey and London offices.   The promotions, effective from 1 January, comprise four new Senior Associates – Nienke Malan and Ashley Morrison in Jersey, and Vaishali Gupta and Nina Silva in the London office.   ...     [read more]

    By Carey Olsen on  17 January 2018 
  • Carey Olsen advises Bushveld

    careyolsen logo_2017Lawyers from Carey Olsen’s corporate practice in Guernsey have advised AIM-listed mineral project developer Bushveld Minerals on two transactions, including the launch of listed company AfriTin Mining.   Most recently, Carey Olsen has advised Bushveld on its acquisition of 55 per cent of ...     [read more]

    By Carey Olsen on  16 January 2018 
  • Collas Crill appoints new Chairman

    NIGEL-VOOGHT-CollasCollas Crill has appointed Nigel Vooght (pictured) as the new Chairman of the Collas Crill Group. His primary role will be to oversee the growth and governance of the firm's seven offices. A key figure in financial services, both in the Channel Islands and internationally, Nigel has been a...     [read more]

    By Collas Crill on  15 January 2018 
  • JFSC launches annual business plan

    JFSC logo The Jersey Financial Services Commission (JFSC) is launching its annual business plan and budget at a presentation event at the Hotel de France on 17 January. The island's financial regulator will set out its objectives and priorities for the coming year and beyond. It will focus on severa...     [read more]

    By Jersey Financial Services Commission on  15 January 2018 
  • Babbé names new Head of Corporate

    KatherineHitchins_BabbeKatherine Hitchins has been named as the new Head of Corporate at Guernsey law firm Babbé, as from 11 January. A Partner in the firm’s corporate team, Katherine takes over the role from fellow Partner Stuart Tyler. Before joining Babbé, Katherine gained more than 13 years&r...     [read more]

    By Babbé Legal on  15 January 2018 
  • Islanders warned about bitcoin death threat email

    JFSC logo The Jersey Financial Services Commission (JFSC) and the Joint Financial Crimes Unit (JFCU) have issued a warning to islanders and businesses, following authorities receiving reports of intimidating ransom emails, where the recipient or their family’s lives are threatened. The emails are likel...     [read more]

    By Jersey Financial Services Commission on  12 January 2018 
  • JBA forms next generation advisory committee

    JBA logoThe Jersey Bankers’ Association (JBA) has formed a next generation advisory committee known as JBA 2.0.   Comprising 15 future banking leaders from 12 member banks, JBA 2.0 offers generational diversity to the main JBA committee, to help ensure sustainable and forward-looking industry en...     [read more]

    By Crystal PR on  11 January 2018 
  • TISE reports on 2017 listings

    TISE logoThe International Stock Exchange (TISE) has reported that there were 705 new listings during 2017 – an increase of 203 (40 per cent) on the previous year. This took the total number of listed securities on the Exchange to 2,511 at the end of December.   Growth areas for new listings incl...     [read more]

    By TISE on  11 January 2018 
  • Hatstone and Folio to merge

    Trust heavyweight Nigel Bentley joins Hatstone LawyersThe Hatstone Group and the Folio Group are merging, subject to regulatory consent. The merger will create a new group, which will retain the Hatstone name and will operate from offices in the British Virgin Islands, Jersey, London, Malta, Panama and South Africa. Boutique law firm Hatstone started...     [read more]

    By Hatstone Lawyers on  11 January 2018 
  • Collas Crill acts in Guernsey acquisition

    Collas Crill has acted for Pacific Industrial & Logistics REIT and its subsidiary, Alanchoice, in the acquisition of three Guernsey companies for a combined £31.5 million. Acquired from real estate investor Oxenwood YPL, the acquisition included the purchase of a portfolio of six logistic...     [read more]

    By Collas Crill on  10 January 2018 
  • Carey Olsen advises on Tufton IPO

    careyolsen logo_2017Carey Olsen's Guernsey office has advised Tufton Oceanic Assets, a Guernsey-registered fund, on the completion of its initial public offering on the London Stock Exchange.   Trading on the specialist fund segment of the LSE's Main Market, the fund's initial placing raised $91 m...     [read more]

    By Carey Olsen on  10 January 2018 
  • New Partner for Carey Olsen

    CO_ChrisGriffinOffshore law firm Carey Olsen has appointed Chris Griffin as a Partner in its Jersey office.   Chris joined Carey Olsen as a Senior Associate in 2011 before being promoted to Counsel in 2016, and is a member of the Jersey corporate team. He advises on all aspects of corporate transactions, inc...     [read more]

    By Carey Olsen on  10 January 2018 
  • PraxisIFM creates COO role

    Kevin Scott PraxisIFMPraxisIFM has created a Chief Operating Officer role as part of its plan to grow internationally. Kevin Scott has been named as the new COO, bringing with him more than 20 years of asset management experience.  Most recently, he was Head of EMEA and UK at Jupiter Asset Management, overseeing ...     [read more]

    By PraxisIFM on  9 January 2018 
  • RBS sells Channel Islands Lombard operations

    RBS logoThe Royal Bank of Scotland has confirmed that it is selling the Jersey and Guernsey operations of its asset financing group, Lombard Finance, to Investec and Shawbrook Bank for £150 million. The move comes in response to new ringfencing rules set to come into force in 2019, which aim to ...     [read more]

    By BL Global on  9 January 2018 
  • Highvern makes senior hires

    Highvern_KenRichieJersey-based fund services business Highvern Fund Administrators has appointed James Bryant and Ken Ritchie as Head of Operations and Head of Accounting respectively.  James comes to the new role following more than nine years with Link Asset Services in Jersey, latterly as Director. His caree...     [read more]

    By Highvern on  9 January 2018 
  • Fairway Group appoints new Director

    JerryDaly_FairwayFiduciary group Fairway has appointed Jerry Daly as Director and Head of Funds.   Jerry joins from Credit Suisse in Zurich, where he has been working in a consultancy role. Prior to this, he was Executive Director at MUFG Alternative Fund Services in Jersey (formerly UBS Fund Services).  ...     [read more]

    By Fairway Group on  8 January 2018 
  • Help is on hand for complex KIDs

    dorey logoCopy sponsored by Dorey Financial Modelling A Guernsey-based actuarial technology company has been working with international asset managers to provide calculations required for Key Information Documents (KIDs) prepared in compliance with the EU’s new Packaged Retail and Insurance-based Inves...     [read more]

    By Black Vanilla on  8 January 2018 
  • NWH Global makes senior promotion

    Rob Bickley_NWHTrust and corporate services provider NWH Global has promoted its Guernsey-based Financial Controller Rob Bickley to Group Financial Controller and Head of IT.  The new role will widen Rob's remit to include the group’s offices around the world, including Guernsey, British Virgin Isl...     [read more]

    By Orchard PR on  8 January 2018 
  • New Head of Compliance for Collas Crill

    SandySalter_CollasCollas Crill has appointed Sandy Salter as Group Head of Compliance, based in the firm's Guernsey office. She will be responsible for the compliance function across Collas Crill's seven offices. Sandy brings with her more than 18 years’ experience in regulatory compliance within multi...     [read more]

    By Collas Crill on  8 January 2018 
  • Marbral Advisory creates new leadership roles

    LeonieMcCrann_colChange management specialist Marbral Advisory has created two leadership roles. Leonie McCrann (pictured right) has been appointed CEO for the British Isles, while company founder Alexsis Wintour moves to the new role of CEO for Europe. In her new role, Leonie will oversee Marbral...     [read more]

    By Marbral Advisory on  8 January 2018 
  • Carey Olsen leading agent for TISE listings

    careyolsen logo_2017Carey Olsen Corporate Finance, a group company of offshore law firm Carey Olsen, was the leading listing agent for The International Stock Exchange (TISE) last year. The company acted as listing agent to 40 per cent of all new issuers of debt securities during 2017, listing a third more new issuers...     [read more]

    By Carey Olsen on  8 January 2018 
  • easyJet announces Jersey to Edinburgh service

    EasyJeteasyJet has started selling seats on flights from Jersey to Edinburgh. The new service will begin on 31 March and will operate twice a week throughout the summer season. This will be the eighth easyJet destination connecting Jersey with the UK, and the second to Scotland – the airline already...     [read more]

    By easyJet on  5 January 2018 
  • GFSC reports year-on-year growth for Guernsey funds

    We Are Guernsey logoThe total value of funds business in Guernsey grew by approximately £20bn over the 12 months to the end of the third quarter of this year, according to figures from the Guernsey Financial Services Commission (GFSC). At the end of September 2017, the net asset value of all funds under manageme...     [read more]

    By Orchard PR on  5 January 2018 
  • Trust Corporation names new NED

    Ken BradleyKen Bradley has become a Non-Executive Director at Guernsey-based Trust Corporation International, where his primary role will be to advise the board and executive directors on the firm’s growth strategy. A finance professional with three decades of experience, Ken has held a number of senior...     [read more]

    By Orchard PR on  5 January 2018 
  • Parslows appoints Partner in Jersey

    Parslows_NatalieJennerParslows has appointed Natalie Jenner as a Partner within its Jersey-based divorce and family team. She also serves as Head of Family Law, Jersey Probate, and Wills and Succession. After an early career with Tremoceiro Advocates and Viberts, Natalie was admitted as a Jersey solicitor in 2012 and jo...     [read more]

    By Parslows on  5 January 2018 
  • Waves changes business model

    Waves logoGuernsey-based company Waves, which launched last January as an ‘on-demand air taxi service’, is to alter its business model following a legal challenge by rival Guernsey airline Blue Islands. Blue Islands began legal proceedings in December against the States of Guernsey’s regula...     [read more]

    By BL Global on  4 January 2018 
  • Logicalis explores cyber threats

    Logicalis logoThe internet of things, data protection, artificial intelligence, encryption and security awareness are some of the biggest trends that will affect cyber security this year.  So says Logicalis, in a newly released guide that aims to help organisations and individuals in the Channel Islands und...     [read more]

    By Direct Input on  3 January 2018 

« December 2017

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