Business News Archive

« December 2018

January  2019  (49)

  • Appleby previews incoming LLC legislation

    Appleby thumbnail logoThe Limited Liability Companies (LLC) law is expected to come into force early this year and is designed to allow fund managers and investors to use a  LLC structure with which they will be familiar from the US and certain other international finance centres. Here, Appleby offers an overview of...     [read more]

    By Appleby on  18 January 2019 
  • Ogier recruits Advocates in Jersey and Guernsey

    Damian EvansOgier has appointed two senior Advocates to its Jersey and Guernsey Dispute Resolution teams. In Jersey, contentious trusts specialist Damian Evans (pictured right) has joined as Counsel, and in Guernsey, Bryan de Verneuil-Smith has been appointed as a Managing Associate. With seven years'...     [read more]

    By Ogier on  18 January 2019 
  • JTC and Carey Olsen support launch of Binance Jersey

    JTC Logo 2018JTC has provided corporate services to the world’s largest cryptocurrency exchange, Binance, for the launch of its Jersey platform, while Carey Olsen provided legal and regulatory advice for the launch. Binance Jersey will provide secure and reliable sterling and euro to cryptocurrency (Bitco...     [read more]

    By Crystal PR on  17 January 2019 
  • TISE revamps listing and membership rules

    TISE logoThe International Stock Exchange (TISE) has revamped its listing and membership rules. The main changes to the listing rules include new provisions for the listing of debt being offered directly to retail investors. The update also incorporates amendments made to the listing rules in September 2018...     [read more]

    By TISE on  17 January 2019 
  • The Knowledge: Top tech

    BL_Top techHow do you keep your business running while you’re on the move? Shivvy Jervis reviews the best of mobile tech As a futurist, keynote speaker and founder of an innovation advisory firm, I know first-hand how vital it is to maximise your time both on the ground and in the air. This is where pow...     [read more]

    By Alexander Garrett on  17 January 2019 
  • Mourant advises Triton on buyout fund

    mourant logo 2018Offshore law firm Mourant has advised international investment firm Triton on its latest flagship buyout fund, Triton Fund V.  The fund surpassed the €4bn target and closed in December 2018 at its hard cap of €5bn, making it Triton's largest fund in its 22-year history and one of...     [read more]

    By Mourant on  16 January 2019 
  • Minister responds to UK's rejection of EU deal

    Ian GorstThe Minister for External Relations, Senator Ian Gorst, has released the following comments regarding last night's UK parliamentary vote on the EU withdrawal agreement: “Members of the British Parliament chose to reject the government’s proposed agreement setting out the arrang...     [read more]

    By States of Jersey on  16 January 2019 
  • EY recruits Advisory Director

    Mark Le Page_EYEY has appointed Mark Le Page as an Advisory Director based in its Guernsey office.  Mark joins EY after more than 16 years at the Guernsey Financial Services Commission (GFSC), four of which he spent as Deputy Director for the Investment sector, and latterly the Investment and Fiduciary secto...     [read more]

    By EY on  16 January 2019 
  • Grant Thornton appoints Head of Marketing

    JoBuchanan_GTGrant Thornton has appointed Jo Buchanan as Head of Marketing (Jersey) to support the firm's ongoing growth initiatives. An experienced marketing communications specialist and digital marketer, Jo has more than 18 years’ experience supporting organisations in the field of lending, custome...     [read more]

    By Grant Thornton on  16 January 2019 
  • Equiom seminars to focus on UK property and EU substance

    Equiom logoProfessional services provider Equiom is to deliver insights into investing in UK property and EU substance rules at its annual seminars later this month. The seminars, entitled General market update – key considerations for 2019 and beyond, will be held on 29 January from 8am to 9.30am at th...     [read more]

    By Equiom on  15 January 2019 
  • Dickinson Gleeson appoints to disputes team

    RobertChristie_DGLaw firm Dickinson Gleeson has made two senior appointments to its dispute resolution team. Advocate Robert Christie (pictured right) has been promoted to Partner and Pierre Ali-Noor has joined the firm as a Senior Associate.    Robert joined the firm in 2015, having previously worke...     [read more]

    By Dickinson Gleeson on  15 January 2019 
  • New Managing Director named for Nedgroup Trust

    Daniel Bisson_NedbankDaniel Bisson has been appointed Managing Director of Nedgroup Trust, the Channel Islands-based trust and corporate services business of Nedbank Private Wealth.  Daniel will be responsible for leading the team to grow the international trust business across Guernsey and Jersey.   Based in...     [read more]

    By Isle of Man Advertising & PR on  15 January 2019 
  • Vistra makes top leadership appointments

    Jane Pearce_VistraTrust, fund administration and corporate services provider Vistra has appointed Clive T Wright as Managing Director of Vistra Jersey and Jane Pearce (pictured right) as Managing Director of the UK, Ireland and Channel Islands.   Based in Jersey, Clive (pictured below) will have full responsibil...     [read more]

    By Vistra on  15 January 2019 
  • Intertrust appoints Chair of new Channel Islands executive team

    Simon Mackenzie_IntertrustIntertrust has appointed Simon Mackenzie – who has been Managing Director of Intertrust in Jersey for the past two years – as Chair of its new Channel Islands executive leadership team.   In addition to his existing role overseeing the Intertrust brand in Jersey and building on the ...     [read more]

    By Orchard PR on  15 January 2019 
  • Oben adds regulatory specialist to team

    Sharon Wake ObenJersey-based firm Oben, which comprises Oben Law and consultancy Oben Regulatory, has appointed Sharon Wake as Senior Manager within its regulatory team. Sharon, a chartered accountant, was previously a Senior Examiner within the Jersey Financial Services Commission. In this role, she was central t...     [read more]

    By Intro on  15 January 2019 
  • SaSo recruits compliance specialist

    John PallotSaSo Strategic Advisers has appointed John Pallot as Compliance Officer. John has been working within the Jersey finance industry for more than 30 years. From 1989 to 2007, he held various directorships at the Jersey Financial Services Commission, including Director of the Financial Services Busine...     [read more]

    By SaSo Strategy Advisers on  15 January 2019 
  • Information Commissioner launches Data Protection Week

    JOIClogo_2019The Jersey Office of the Information Commissioner (JOIC) is hosting a week of events to mark Data Protection Day on 28 January.  Events will be on offer to businesses and individuals to raise awareness about the importance of data protection and promote data privacy practices that are critical...     [read more]

    By Freedom Media on  15 January 2019 
  • PraxisIFM names new MD among CI promotions

    David Le Boutillier_PraxisIFMThe PraxisIFM Group has announced nine promotions across its Guernsey and Jersey offices. The promotions span its core Private Client & Corporate and Funds divisions, as well as key support services. In Guernsey’s Fund division, David Le Boutillier (pictured) has been appointed Manag...     [read more]

    By PraxisIFM on  15 January 2019 
  • Ogier advises TMF on State Street purchase

    Ogier new logoOgier has advised Dutch professional services firm TMF Group on the acquisition (subject to regulatory approval) of State Street’s Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands.  A cross-border Ogier team was led by Jersey-based Partners Matthew Sha...     [read more]

    By Ogier on  15 January 2019 
  • Zedra names new Guernsey Director

    Bridget BarkerBridget Barker has been appointed as Director of Zedra Fund Managers (Guernsey). Bridget joined Zedra in March 2017, having spent most of her career with London law firm Macfarlanes, including 28 years as a Partner within its Investment Funds and Financial Services Group.  She is based i...     [read more]

    By Zedra on  14 January 2019 
  • UK trading firm lists on TISE

    TISE logoUK floor coverings distributor Likewise Group has listed on The International Stock Exchange (TISE).   Likewise has raised £7 million through an offer for subscription of 70,000,000 shares, which it intends to use for working capital and future acquisitions in the sector.   Following...     [read more]

    By TISE on  14 January 2019 
  • Best of... Books and podcasts

    BL_Books thBrief moments of discomfort The Discomfort Zone: How to Get What You Want by Living Fearlessly by Farrah Storr (Little Brown, £13.99, paperback) revolves around a simple enough idea: only by stepping outside your comfort zone can you reach your full potential. That could mean putting yourself ...     [read more]

    By Alexander Garrett on  14 January 2019 
  • Global fintech firm relocates HQ to St Helier

    SharesInside logoZurich-based global fintech company SharesInside is to relocate its headquarters to St Helier to take advantage of access to the UK market, a better business environment and improved quality of life for staff. Co-founder Dave Hannam said the company, which is being assisted in its relocation by Dig...     [read more]

    By SharesInside on  11 January 2019 
  • TISE breaks new listings records in 2018

    Fiona Le PoidevinThe International Stock Exchange (TISE) has reported that there were 865 new listings during 2018. This represents an increase of 160 (22.7%) on 2017 and is the largest number of securities listed in a calendar year on the Exchange since the business was established in 1998.   It took the ...     [read more]

    By TISE on  11 January 2019 
  • Appleby advises on Santander banking transfer

    Appleby thumbnail logoAppleby has advised Santander on the transfer of its banking businesses in Jersey and Isle of Man.  The businesses of Santander UK, Jersey branch, and Santander UK, Isle of Man branch, were transferred on 17 December 2018 into the respective Jersey and Isle of Man branches of Abbey National Tr...     [read more]

    By Appleby on  11 January 2019 
  • Collas Crill appoints Jersey Partner

    SIMON HURRY-CollasCollas Crill has promoted Simon Hurry to Partner within its dispute resolution team in Jersey.  Since joining the law firm in 2008, Simon has developed a practice focused on high-value commercial litigation and insolvency in a contentious and non-contentious context, with an adjunct specialism...     [read more]

    By Black Vanilla on  11 January 2019 
  • Guernsey open market activity at 11-year high

    careyolsen logo_2017Sales activity in the Guernsey open market last year was at its highest level since the financial crisis, according to the latest conveyancing statistics compiled by Unusualities of Guernsey, an independent compiler of local conveyancing statistics.   Figures reveal that there were 75 open mark...     [read more]

    By Carey Olsen on  10 January 2019 
  • Collas Crill assists in scheme migration

    Collas Crill has assisted investment manager Peregrine Guernsey with the migration from Bermuda of the CAM Bastion master-feeder collective investment scheme.  The $155 million scheme, which migrated on 31 December, comprises a master fund, which operates as a fund-of-hedge-funds, and fou...     [read more]

    By Black Vanilla on  10 January 2019 
  • Guernsey outlines Brexit preparations

    As the UK Parliament this week resumes debate on the UK's EU withdrawal agreement and the political declaration on the future partnership, the States of Guernsey has published a statement on preparations for its response. The States said it has been working with the UK government to carry out p...     [read more]

    By States Of Guernsey on  10 January 2019 
  • Ogier advises on £46bn Shire acquisition

    Ogier new logoAn Ogier team, led by Partners Simon Dinning and Nick Williams, has advised Japan's Takeda Pharmaceutical on its £46bn (more than £63bn including Shire's debt) acquisition of Shire, creating one of the world's largest pharmaceutical firms. The deal is reported to be the larg...     [read more]

    By Ogier on  9 January 2019 
  • Collas Crill makes senior promotion

    BEN HAVARD_CollasCollas Crill has promoted Ben Havard to the position of Partner within its dispute resolution team in Guernsey, bringing the number of Partners in that office to five.  Ben has been with Collas Crill since 2009. His practice focuses on contentious and semi-contentious trust work. He is STEP q...     [read more]

    By Black Vanilla on  9 January 2019 
  • Carey Olsen named Legal 500 Offshore Firm of the Year

    careyolsen logo_2017Carey Olsen has been named Offshore Firm of the Year in this year's Legal 500 UK Awards.   Industry research guide the Legal 500 ranks and grades the world's law firms based on a series of criteria that includes feedback from 300,000 clients, intermediaries and practitioners worldwide. ...     [read more]

    By Carey Olsen on  9 January 2019 
  • RBS International funds new Aurigny aircraft

    RBSI logoRBS International has provided a multimillion-pound loan facility to enable Aurigny, the States of Guernsey-owned airline, to purchase three new aircraft. The new ATR72-600s, acquired from Avions de Transport Regional GIE, incorporate ClearVision technology designed to reduce disruption caused by f...     [read more]

    By Crystal PR on  8 January 2019 
  • GFSC announces GFIN event

    GFSC logoThe Guernsey Financial Services Commission is hosting a roundtable to discuss the Global Financial Innovation Network (GFIN) on 18 January at midday. The GFSC was one of the 12 founding members of the GFIN initiative, set up in August 2018 to find a more efficient way for innovative firms to intera...     [read more]

    By Guernsey Financial Services Commission on  8 January 2019 
  • Altair appoints Jersey Director

    Altair_JonTriggChannel Islands director services business Altair has appointed Jon Trigg as a Director within its Jersey office.  In his new role leading the Jersey office, Jon will work with the team to develop Altair’s business on the island. His portfolio contains a mix of alternative investment fun...     [read more]

    By Crystal PR on  8 January 2019 
  • BCR Law names three new Partners

    BCR_Advocate HarrisonBCR Law has appointed Advocates Adam Harrison, Michelle Leverington and Emma Wakeling as Partners within the firm. Each will lead their respective teams.  Adam joined BCR Law in 2016 after several years in practice with Appleby in Jersey. He is a specialist in criminal law as well as regulator...     [read more]

    By BCR Law on  8 January 2019 
  • Jersey releases details about Ready for Brexit week

    ReadyforBrexit logoThe government of Jersey has released details of its Ready for Brexit (#ReadyBrex) week, starting on Monday 14 January, which aims to support businesses and share ongoing plans with the public as the island prepares for the UK’s exit from the European Union.  Ministers will set out the g...     [read more]

    By States of Jersey on  8 January 2019 
  • j-ned announces first 2019 event

    j-ned logoJersey non-executive directors group j-ned has announced the first event in its 2019 CPD series.   The free-to-attend event, entitled Fund Directors - Regulatory Developments and Top 10 Recurring Failings, will be held on Tuesday 29 January at 8.30am for a 9am start at the Deloitte offices...     [read more]

    By j-ned on  8 January 2019 
  • Advocate promoted to Partner at Ogier

    josephine-howe_OgierAdvocate Josephine Howe has been promoted to Partner within Ogier's Jersey Private Client and Trusts team. Josephine, who specialises in trusts, foundations and advising family offices on matters including structuring and establishment, joined the Ogier team 13 years ago, and was admitted as a ...     [read more]

    By Ogier on  7 January 2019 
  • The Knowledge: Talking points

    BL_Talking PointsA quantum of solace A new report from US space agency Nasa and Standard Chartered bank says that quantum computing promises to make dramatic improvements in investment decision-making, according to the Financial Times. Quantum computers, in case you didn’t know, are “computers which make...     [read more]

    By Alexander Garrett on  7 January 2019 
  • Carey Olsen announces senior promotions

    Claire_Brazenall_COCarey Olsen has announced two senior promotions within the firm's corporate practice in Jersey, with Claire Brazenall (pictured right) and Rebecca McQuillan promoted to Senior Associate.    Claire, who joined Carey Olsen in 2010, advises on all aspects of the establishment, regulation ...     [read more]

    By Carey Olsen on  7 January 2019 
  • Islands appear on new Netherlands tax haven blacklist

    Netherlands flagJersey and Guernsey have both been included on a new list of low-tax jurisdictions published by the Netherlands as a part of its campaign against tax avoidance. The list, published by the Dutch government at the end of last year, highlights 21 jurisdictions deemed to have low-tax regimes....     [read more]

    By BL Global on  4 January 2019 
  • Ogier acts in Korean acquisition

    Ogier new logoOgier has acted for Seoul-based investment manager Kiwoom Asset Management on its client's £120 million acquisition of mixed use property Cannon Green in the City of London. In the heart of the square mile, Cannon Green provides 110,143 sq ft of office, restaurant, gym and retail accommod...     [read more]

    By Ogier on  4 January 2019 
  • HSBC makes senior appointment

    Christopher Jones_HSBCHSBC has announced the appointment of Christopher Jones as Head of Trust Relationship Management for Private Wealth Solutions in the Channel Islands. Based in Jersey, Christopher, who previously worked in HSBC’s private banking business in Hong Kong, will oversee the delivery of succession pl...     [read more]

    By Crystal PR on  2 January 2019 
  • Issue 60 of Businesslife now online!

    BL60 coverIssue 60 of Businesslife is now available online.  For the first issue of 2019, we have assembled a panel of financial services and technology experts from across the Channel Islands to share their predictions for the next 12 months. Meeting growing demand for ethical investment opportuni...     [read more]

    By BL Global on  2 January 2019 
  • Ferbrache & Farrell makes promotion

    Adam ColeFerbrache & Farrell has promoted Adam Cole to the partnership. Adam's practice encompasses all aspects of commercial litigation, including contentious insolvency and contentious trust issues. He has served as Advocate and Counsel within the firm for the past two years. Adam joined the firm...     [read more]

    By TPA on  2 January 2019 
  • Equiom Guernsey appoints Managing Director

    Caroline Prow_EquiomInternational professional services provider Equiom has announced the appointment of Caroline Prow to Managing Director of Equiom (Guernsey).  Throughout her career, Caroline has held senior managerial roles within banks, global fiduciary companies and family offices in London, Guernsey, Jerse...     [read more]

    By Equiom on  2 January 2019 
  • Appleby considers JFSC codes of practice proposals

    Appleby thumbnail logoThe Jersey Financial Services Commission has published a consultation on its codes of practice, which will affect all registered persons under the Financial Services (Jersey) Law 1998. The consultation is open for responses until 7 January. Appleby has issued a set of summaries and observations to ...     [read more]

    By Appleby on  2 January 2019 
  • 50 Most Influential list revealed

    eprivateclientsEprivateclient has announced its 50 Most Influential ranking of movers and shakers in the UK and UK Crown Dependencies’ private client practitioner sector. The list represents the quality of private wealth advice that advisers have to offer from across the UK mainland as well as from...     [read more]

    By BL Global on  2 January 2019 

« December 2018

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