Business News Archive

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January  2021  (82)

  • Brooks Macdonald International reports 58% FUM rise

    Brooks Macdonald logoBrooks Macdonald International, the Channel Islands subsidiary of the Brooks Macdonald Group, has reported a 58% increase in the total value of funds under management (FUM) in the latest quarter and a 64% rise on the half year to a record high of £2.6bn. The update on discretionary FUM for it...     [read more]

    By Crystal PR on  29 January 2021 
  • CBO Projects promotes Dominic Ash to Director

    DominicAsh_CBO_jan21Guernsey-based management consultancy CBO has promoted Dominic Ash to Director. He will focus on CBO's consultancy and change management service lines, leading business development, guiding relevant work and developing the internal team’s skills and capabilities. Dominic has 20 years&rsq...     [read more]

    By CBO Projects on  29 January 2021 
  • C5 Alliance makes three senior appointments

    C5Alliance logoC5 Alliance, part of BDO Jersey, has announced three appointments. James Russell has become a Principal Cloud Solutions Architect; Ying Wang has joined the C5 Application Development Team as a Senior Consultant; and David Scott has been named Team Leader of the data and artificial intelligence...     [read more]

    By C5 Alliance on  29 January 2021 
  • Mattioli Woods acquires 4% stake in Tiller

    TillerTech logo jan21UK-based wealth management and employee benefits business Mattioli Woods has acquired a 4% stake in Tiller Group, a software as a service wealth management platform which operates in Jersey as Tiller Technologies. According to Mattioli Woods, it will use Tiller's platform to develop a digital s...     [read more]

    By Tiller Tech on  29 January 2021 
  • Orchard PR announces communications webinar

    Orchard PR logo_nov19Orchard PR is holding a free interactive webinar on 17 February to look at the importance of internal communications during the Covid-19 pandemic and beyond. The one-hour webinar, Internal Communication – Covid and beyond, will focus on the role of internal communication in driving emplo...     [read more]

    By Orchard PR on  29 January 2021 
  • Appleby acts in Advanz Pharma sale

    Appleby thumbnail logoOffshore law firm Appleby has acted as Jersey counsel to Advanz Pharma in connection with its sale to Nordic Capital for an equity value of $846m. Pharmaceutical specialist Advanz Pharma is based in London but also has operations in Mumbai, commercial affiliates in North America, Europe and Austral...     [read more]

    By Appleby on  29 January 2021 
  • Sionic wealth leaders join Jersey team

    GillyGreen_Sionic_jan21Financial services consultancy Sionic has announced that Managing Partner Gilly Green (pictured right) and Partner Shelley Doorey-Williams (pictured far right) from the firm’s London wealth management and private banking practice will now be part of Sionic's Jersey leadership team. B...     [read more]

    By Sionic on  28 January 2021 
  • Jersey publishes latest Business Tendency Survey results

    Statistics Jersey logoStatistics Jersey has published the results from its latest Business Tendency Survey (BTS). For the survey, which provides qualitative information about the island’s economy, chief executives and managing directors are asked for their opinions on the current situation of their business compar...     [read more]

    By Government of Jersey on  28 January 2021 
  • Rathbones appoints NEDs to board

    Rathbones_CharlesClarkeRathbone Investment Management International has appointed two Non-Executive Directors to its Jersey board – Charles Clarke and Heather Bestwick.   Charles, who joins the firm as Non-Executive Chairman, replaces the recently retired Gregor Allan, who has been with Rathbones for more than ...     [read more]

    By Ruby PR on  28 January 2021 
  • Mourant names three new Partners

    Gillian Kennedy-Smith_Mourant_jan21Mourant has appointed three lawyers to its partnership – Neil McCarroll, Gillian Kennedy-Smith and Ian Montgomery. Neil (pictured right) has been promoted from Counsel to Partner within the Jersey finance and corporate practice, and will take up his new role from 1 February.  He started...     [read more]

    By Mourant on  28 January 2021 
  • JFSC unveils 2021 webinars and events

    JFSC logo The Jersey Financial Services Commission has announced dates for a number of events in 2021. • 11 February – Launch of 2021 business plan (for more details and to register, click here) • 17 February – National Risk Assessment webinar: Accountants • 24 February – Com...     [read more]

    By Jersey Financial Services Commission on  28 January 2021 
  • Coutts Private Office relaunches as Coutts Family Office

    Coutts logo_jan21Wealth manager and private bank Coutts has relaunched its Private Office offering as Coutts Family Office (CFO).  The new-look service will combine strategic partnerships from NatWest Group and relationships with external providers, giving domestic and international family office and ultra-hig...     [read more]

    By Coutts on  27 January 2021 
  • PraxisIFM reports interim results

    PraxisIFM_Logo2018PraxisIFM Group has reported its interim results for the six months ending 31 October 2020, which shows improved performance in key financial metrics. Report highlights  • Revenue for the period was £29.8m (2020: £30.5m)  • Gross profit margin increased by 1% to 54.4...     [read more]

    By Orchard PR on  27 January 2021 
  • Carey Olsen advises on CoinShares launch

    CareyOlsen logo_jul19Carey Olsen's Jersey corporate team has advised digital asset investment firm CoinShares on the establishment of its institutional-grade cryptocurrency-backed exchange traded product (ETP).  CoinShares Physical Bitcoin (Ticker: BITC) launched on 19 January with $200M in assets under manage...     [read more]

    By Carey Olsen on  27 January 2021 
  • ICSA elects Teresa Le Couteur as Guernsey Chair

    Teresa Le Couteur_ICSAICSA: The Chartered Governance Institute has elected Teresa Le Couteur, Group Company Secretary for Northern Trust Guernsey, as Chair of the Institute’s Guernsey Branch.  Teresa succeeds Paul Smith, who chaired the branch from May 2019 until December 2020, having been Vice Chair since Ja...     [read more]

    By ICSA on  26 January 2021 
  • Walkers acts in Kenya energy deal

    Walkers Logo 2018Walkers has advised African Frontier Capital, Mauritius (AFC) on the Jersey law aspects of the expansion of a $127m receivables financing structure. The structure is expected to finance the provision of improved energy access to 1.9 million people living off grid in Kenya and save more than 600,000...     [read more]

    By Walkers on  26 January 2021 
  • Babbé adds Emma Maguire to dispute resolution team

    EmmaMaguire_Babbe_jan21Guernsey law firm Babbé has expanded its dispute resolution team with the appointment of commercial disputes lawyer Emma Maguire as an Associate. Emma's legal career began in Grays Inn, London, in 2005. She joins Babbé after six years at Michelmores in London, Bristol and Exeter, ...     [read more]

    By Orchard PR on  26 January 2021 
  • Butterfield makes senior trust team appointments

    Amy Glover_BB_jan21Butterfield Group has made two senior appointments within its trust team.   Amy Glover, who will be based in London, has been appointed Vice President, Strategic Relationships for Group Trust, and Mark Farrell has joined as Head of Trust at Butterfield Trust (Asia) in Singapore.   Amy was ...     [read more]

    By Orchard PR on  25 January 2021 
  • Crestbridge promotes two to Director level

    BrianJemwa_Crestbridge_jan21Crestbridge has promoted Brian Jemwa (pictured far right) to Director within its Fund Services business and Christopher Corfield to Director in its Real Estate Services team in Jersey. Brian has been with Crestbridge since November 2015 and has served as Associate Director, Real Estate for the...     [read more]

    By Crystal PR on  25 January 2021 
  • Apex Group announces Jersey appointments

    StephenReilly_Apex_jan21Financial services provider Apex Group has made two senior appointments to its Corporate Solutions business in Jersey, with Stephen Reilly joining as Head of Corporate Solutions and Alice Read as Commercial Director.   Stephen joins Apex from Channel Islands facilities management and building s...     [read more]

    By Apex Group on  25 January 2021 
  • JFSC sets out trust company/registered persons fee changes

    JFSC logo Following consultations in November on fee rates for trust company businesses and registered persons, the Jersey Financial Services Commission has announced changes to fees in these areas. Trust company business fees • Increase in the fees cap to £90,000 or 95% of the fee that would...     [read more]

    By Jersey Financial Services Commission on  25 January 2021 
  • IT specialists launch Jersey business

    ENSO-SOLUTIONS-logoJersey entrepreneurs Chris Langlois and Stafford Slater have opened their own business, Enso Solutions. The firm aims to help businesses review, update or maintain their work environment, while planning transformation strategies using cloud, software-defined network and security managed services to...     [read more]

    By Refinery on  22 January 2021 
  • PwC promotes three to Partner

    AdrianPeacegood_PwC_jan21  PwC has promoted three members of staff to Partner – Chris van den Berg, Adrian Peacegood and David Waldron. Adrian has been with the firm since 1999, having joined PwC in Guernsey as a graduate. He specialises in alternatives, with a client portfolio including fund of hedge funds, pr...     [read more]

    By Crystal PR on  22 January 2021 
  • Hawksford appoints Richard Summerfield as Chief People Officer

    Richard Summerfield_Hawksford_jan21Hawksford has appointed Richard Summerfield as its Chief People Officer.  As a consultant to Hawksford, Richard has served as interim Chief People Officer since August 2020, but he has recently been appointed to the role on a permanent basis. Richard brings to the firm 20 years of internation...     [read more]

    By Liquid on  22 January 2021 
  • Carey Olsen teams advise on two funds

    CareyOlsen logo_jul19Carey Olsen teams in Jersey have supported the launch of two funds using the Jersey Expert Fund regime. Its investment funds team has advised Appian Capital Advisory on the launch and final close of Appian Natural Resources Fund II, the private equity manager's second fund focused on the m...     [read more]

    By Carey Olsen on  22 January 2021 
  • JFSC announces 2021 business plan event

    JFSC Business Plan 2021The Jersey Financial Services Commission is holding an online event to launch its 2021 business plan on Thursday 11 February from 9am to 10.15am. As well as focusing on 2021, the event will review the challenges and highlights of last year for the Commission, the Registry and its stakeholders and c...     [read more]

    By Jersey Financial Services Commission on  21 January 2021 
  • Islands welcome S&P ratings affirmation

    S&P Global Rating logo jan21S&P Global Ratings has affirmed its AA-/A- 1+ long- and short-term credit ratings for Guernsey, stating that the outlook for the jurisdiction remains stable. S&P projects that Guernsey's economy will post a strong recovery in real GDP of 4.8% in 2021, and that the government deficit pea...     [read more]

    By BL Global on  20 January 2021 
  • APMCI event to focus on JT network installation

    APM logo_sept19The Channel Islands branch of the Association for Project Management (APMCI) is holding a virtual event to explain how a full-fibre network was delivered to every home and business customer in Jersey. Set up a year ago, APMCI is made up of members from Jersey and Guernsey and led by Chair...     [read more]

    By Eliot Lincoln on  20 January 2021 
  • Jersey Private Fund figures show strong growth

    JerseyFinance logo_jul2019The total number of registered Jersey Private Funds (JPFs) has grown by almost two-fifths year-on-year, according to the latest figures, as the structure continues to assert its appeal for cross-border alternative fund structuring. According to the latest quarterly statistics collated by the Jersey...     [read more]

    By Crystal PR on  20 January 2021 
  • Suntera appoints Cara Pyper as Global Head of Marketing

    Cara Pyper_Suntera_jan21Financial services group Suntera Global has named Cara Pyper as its new Global Head of Marketing, based in Jersey. Cara brings to the firm more than 20 years’ experience in marketing. Prior to joining Suntera Global, she was Senior Manager – Business Development and Marketing for JTC Gr...     [read more]

    By Suntera Global on  20 January 2021 
  • Orchard PR forms new alliance

    Orchard PR logo_nov19Guernsey-based communications consultancy Linda Rolf Associates and Channel Islands PR agency Orchard have joined forces to expand the range of services that each agency offers its clients.  Linda Rolf set up her consultancy after 20 years with Specsavers, where she led international PR, then ...     [read more]

    By Orchard PR on  20 January 2021 
  • HSBC CEO recognised in diversity and inclusion list

    SueFox_HSBC_jan21Sue Fox, CEO of HSBC Channel Islands and Isle of Man, has been ranked 11th in the OUTstanding 50 Ally Executives list, part of the OUTstanding Role Models 2020. The global ranking highlights business leaders who act as advocates and allies for diversity and inclusion within and outside their busine...     [read more]

    By Crystal PR on  20 January 2021 
  • Collas Crill names Paul Nettleship as Guernsey Head of Property

    PaulNettleship_collas_jan21Collas Crill has appointed longstanding Partner Paul Nettleship to the position of Head of Property in its Guernsey office. The move follows Jason Green's decision to step away from the head of department role to dedicate more time to his clients and their work. Paul has been at the firm for a...     [read more]

    By Collas Crill on  19 January 2021 
  • Sanne promotes Peter Nagle to Chief Commercial Officer

    PeterNagle_Sanne_jan21Sanne has promoted Peter Nagle from Global Head of Client Growth to the role of Chief Commercial Officer, based in Mauritius. In his new role, Peter will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development.   Peter has more than...     [read more]

    By Liquid on  19 January 2021 
  • Appleby lawyer sworn in as Guernsey Advocate

    PaulaFry_Appleby_jan21Appleby Senior Associate Paula Fry has been sworn in as an Advocate at the Royal Court of Guernsey.  Paula, a private client and trust lawyer, has more than 19 years’ experience as a lawyer, nine of them within Guernsey. She joined Appleby in 2018 after almost six years with Carey Olsen....     [read more]

    By Appleby on  19 January 2021 
  • Monterey Insight reports on Guernsey funds sector

    MontereyInsight logo 2020New findings from the 26th edition of Monterey Insight’s Guernsey Fund Report reveal the market shares of all service providers in Guernsey’s fund sector.  Fund assets serviced in Guernsey increased to $428.4bn at the end of June 2020, up 4% compared with 2019.  The number of...     [read more]

    By Monterey Insight on  19 January 2021 
  • Businesslife 2021 commercial packages: discounts available for early bookings

    BL67logoBusinesslife magazine’s exclusive commercial and advertising packages – aimed at helping companies that work in and with the Channel Islands to get on the front foot in 2021 – are now available at discount rates for early bookings. The Channel Islands-based business and lifestyle ...     [read more]

    By BL Global on  19 January 2021 
  • Guernsey housing market nears pre-financial crisis levels

    Guernsey propertyBumper sales activity in the final quarter of 2020 across Guernsey's Open and Local Markets led to the highest combined annual total of house and flat transactions for both markets since 2006 and 2007 respectively, according to the latest conveyancing statistics from Unusualities of Guernsey. &n...     [read more]

    By Carey Olsen on  19 January 2021 
  • RBC moves Gail McCourt into top-level role

    Gail McCourt_RBCWM_jan21RBC Wealth Management, part of Royal Bank of Canada (RBC), has appointed Gail McCourt to the role of Head of Private Client Fiduciary Services for its British Isles business.    In her new role, Gail will lead RBC Wealth Management’s fiduciary management and technical trust teams in ...     [read more]

    By Greentarget on  19 January 2021 
  • Bedell Cristin lawyers become Jersey Advocates

    Jeff O'Boyle_Bedell_jan21Bedell Cristin property specialists Jeff O’Boyle and Jane Needham have been sworn in as Advocates of the Royal Court of Jersey.  Jeff, also a Solicitor in England and Wales, was born in Northern Ireland and, after training in London and undertaking internships abroad, spent 12 years at U...     [read more]

    By Crystal PR on  19 January 2021 
  • Crestbridge names Alex Di Santo as Group Head of Private Equity

    Alex Di Santo_Crestbridge_jan21Crestbridge has appointed Alex Di Santo (pictured) to the role of Group Head of Private Equity, responsible for the development and implementation of the firm's private equity fund services strategy.  Alex will also focus on raising Crestbridge’s profile in the private equity fund se...     [read more]

    By Crystal PR on  18 January 2021 
  • Carey Olsen advises on Patron Capital real estate fund

    Christopher Griffin thCarey Olsen's Jersey funds team has advised Patron Capital on the launch of its latest European real estate fund, Patron Capital VI.  At its final closing, the fund reached a total size of €844m, including approximately €128m of co-investment capital.   This is the second Pa...     [read more]

    By Carey Olsen on  18 January 2021 
  • Baker & Partners adds Lynne Gregory to partnership

    LynneGregory_BakerPartners_jan21Litigation and dispute resolution firm Baker & Partners has promoted Senior Associate Lynne Gregory to the firm’s partnership in Jersey.   Lynne is a senior litigator with more than 25 years’ experience dealing with a wide range of civil and commercial disputes, along with ...     [read more]

    By Infinite Global on  18 January 2021 
  • Preston Legal promotes two to Partner level

    IanJones_PrestonLegal_jan21Jersey-based law firm Preston Legal has appointed two new Partners – Ian Jones and Mark Boothman. Mark (pictured far right) is an Advocate of the Royal Court of Jersey (qualified 2014) and an English Solicitor (non-practising, qualified 2012) specialising in private client and commercial liti...     [read more]

    By BL Global on  18 January 2021 
  • Oben appoints Paul Le Marrec as Associate Director

    Paul Le Marrec_Oben_jan21Jersey-based firm Oben has appointed Paul Le Marrec to the role of Associate Director within the firm’s regulatory practice.    A chartered accountant, prior to joining Oben, Paul spent 15 years as a Senior Analyst at the Jersey Financial Services Commission, where his time was divid...     [read more]

    By Oben on  18 January 2021 
  • Fairway promotes Danielle Le Blancq

    Danielle Le Blancq_Fairway_jan21Jersey financial services business Fairway Group has promoted Danielle Le Blancq to the role of Assistant Manager. Danille joined the firm in May 2019, working within the private and corporate clients department as a Senior Trust Officer. Before joining Fairway, she spent more than three and a hal...     [read more]

    By Fairway Group on  18 January 2021 
  • Digital Jersey announces annual review

    DigitalJersey_logo2018Digital Jersey will be holding its annual review from 9.30am to 10.30am on 5 February – an online event looking back at the organisation's 2020 performance and its plans for the coming years. The event will feature Digital Jersey CEO Tony Moretta, host Gary Burgess and guests, who will lo...     [read more]

    By Digital Jersey on  15 January 2021 
  • JFSC updates AML definition in codes

    JFSC logo The Jersey Financial Services Commission has updated the definition of ‘anti-money laundering legislation’ in several of its codes of practice as a consequence of legislative amendments and following the UK’s departure from the European Union. The changes came into effect on 1 Jan...     [read more]

    By Jersey Financial Services Commission on  15 January 2021 
  • KPMG launches Crown Dependencies practice

    KPMG logo_jan21The KPMG firms in the Channel Islands and Isle of Man have announced the merger of their businesses to form a single practice operating across the Crown Dependencies.  The combined practice, a professional services business of 430 staff, forms a core part of the KPMG Islands Group, made u...     [read more]

    By KPMG on  14 January 2021 
  • Appleby Jersey names new Group Partner

    Christophe Kalinauckas_applebyAppleby has appointed Christophe Kalinauckas as Group Partner in its Jersey office. Christophe (pictured right) joins the firm after eight years with Walkers. A Jersey Advocate, he specialises in corporate and private equity work, debt finance and real estate finance matters.  He also has exp...     [read more]

    By Appleby on  14 January 2021 
  • Carey Olsen and Zedra support launch of Vow token ecosystem

    Vow logo jan21Carey Olsen and Zedra have supported Jersey-based token issuer Vow on the launch of its Vow token ecosystem, a solution for distributing debt-free liquidity into local communities through a customer loyalty mechanic.   Carey Olsen Partner Chris Griffin, who leads Jersey's digital assets, fi...     [read more]

    By Agility PR on  14 January 2021 
  • Angus Flett joins JT board

    AngusFlett_JT_jan21Former BT executive Angus Flett has been appointed to the board of JT as a Non-Executive Director. Angus is the CEO of Smart Data Communications Company and has an extensive background in telecoms, including roles in product management, marketing and service operations.  He spent almost four ...     [read more]

    By Direct Input on  14 January 2021 
  • Skipton International announces £2bn milestone

    SkiptonInternational _logo_aug19 thSkipton International, the Guernsey-licensed bank with a mortgage centre in St Helier, has announced assets of more than £2bn for the end of 2020. With a global customer base in more than 100 countries and a growing Channel Islands and UK buy-to-let mortgage book, Skipton anticipates a busy f...     [read more]

    By Skipton International on  14 January 2021 
  • Voisin Law promotes Daniel Walker to Partner

    Daniel Walker_Voisin_jan21Voisin Law has named Daniel Walker as a new Partner within the banking and corporate team.    Daniel joined Voisin’s bursary scheme in 2005, before taking up a position as a trainee solicitor with the firm in 2006.  He has a wide practice area, including advising on all aspects...     [read more]

    By Suzanne le Lay on  13 January 2021 
  • Bedell Cristin advises Aston Lark on acquisition

    BedellCristin logo 2019Bedell Cristin Guernsey has advised UK insurance broker Aston Lark on its acquisition, via its joint venture vehicle Spring Partners (Holdings), of Neon Sapphire Underwriting. Neon Sapphire, a licensed Guernsey insurance manager, was acquired from Neon Holdings UK. Spring Partners, a joint venture ...     [read more]

    By Crystal PR on  13 January 2021 
  • Aztec Group supports close of Highland Europe Fund IV

    AztecGroup logo 2018Fund and corporate services provider Aztec Group has supported Highland Europe with the fundraising activities and final close of its latest fund, Highland Europe Technology Growth IV.  Established in 2012, Highland Europe invests in rapidly growing European internet, mobile and software compa...     [read more]

    By Aztec Group on  13 January 2021 
  • GFSC updates AML/CFT Handbook

    GFSC logoThe Guernsey Financial Services Commission has updated Appendix I to its Handbook on Countering Financial Crime and Terrorist Financing, following the Financial Action Task Force (FATF) announcement that it has removed the Bahamas from its list of jurisdictions under increased monitoring.  The...     [read more]

    By Guernsey Financial Services Commission on  13 January 2021 
  • TISE appoints Gill Morris as NED of commercial arm

    Gill Morris TISE jan21The International Stock Exchange (TISE) has appointed Gill Morris as a Non-Executive Director of group parent company The International Stock Exchange Group (TISEG).    Gill joined the board on 1 January alongside Charlie Geffen who, following a year as Chair of regulatory subsidiary ...     [read more]

    By TISE on  12 January 2021 
  • Invicta names Ashley Paxton Non-Executive Chairman

    Ashley Paxton_Invicta_jan21Guernsey-based company Invicta Wealth Solutions has appointed Ashley Paxton to its board as Non-Executive Chairman to complete its 2020 rebrand. Ashley is a Guernsey-based Chartered Accountant with 30 years of financial services industry experience.   He retired as KPMG’s Channel Island...     [read more]

    By Invicta Wealth Solutions on  12 January 2021 
  • IoD Guernsey announces January Breakfast

    IoD logo jan21The Institute of Directors is holding its January Breakfast this week in Guernsey, which will discuss challenges in making decisions during the current difficult conditions.     Cyrille Joffre, Chief Operating Officer of Sure, will look at the best way to make decisions in t...     [read more]

    By Black Vanilla on  12 January 2021 
  • Appleby advises on acquisition of Burnley FC

    Appleby thumbnail logoAppleby has advised Velocity Sports Partners, the sports investment arm of US firm ALK Capital, on the acquisition of a majority shareholding in Premier League football club Burnley FC from, among others, the outgoing Chairman and Director of the club, Michael Garlick.  Appleby worked with App...     [read more]

    By Appleby on  12 January 2021 
  • Carey Olsen advises on Jersey Private Fund

    CareyOlsen logo_jul19Carey Olsen has advised Singaporean property developer and asset manager Sun Venture on the launch of its first Jersey Private Fund (JPF), structured as a Jersey Limited Partnership, to facilitate the purchase of 1 and 2 New Ludgate in the City of London.  At £552m, the acquisition was t...     [read more]

    By Carey Olsen on  11 January 2021 
  • Brian Balleine joins Hawksford as Director

    Brain Balleine_Hawksford_jan21Hawksford has appointed Brian Balleine to the role of Director, Private Client Services, based in Jersey. He will focus on developing relationships with intermediaries globally. Brian is a financial services and wealth management specialist with more than 30 years’ experience across Europe, t...     [read more]

    By Liquid on  11 January 2021 
  • Saffery Champness makes Guernsey promotions

    DonnaBrehaut_Saffery_jan21Saffery Champness Registered Fiduciaries has announced three senior promotions in the firm's Guernsey office. Donna Brehaut becomes Associate Director. A private client specialist, Donna joined the firm in October 2018 after 11 years with Nerine Fiduciaries. She has worked with high-net-worth ...     [read more]

    By Infinite Global on  11 January 2021 
  • Ogier advises Singapore sovereign wealth fund

    Ogier logo_official_jul19Ogier's Jersey corporate team has advised Singapore's sovereign wealth fund, GIC, on its joint venture with New York-listed global real estate investment company Kennedy Wilson, to acquire and manage urban logistics properties in the UK.  The venture has the potential to expand into Ir...     [read more]

    By Ogier on  11 January 2021 
  • Bedell Cristin and Ogier act in sale of Robus Group

    Robus Group logoBedell Cristin Guernsey has acted as lead counsel for the vendor shareholders in the sale of Guernsey-based insurance manager Robus Group to UK-based broking and underwriting group Ardonagh. Robus also has offices in Gibraltar and Malta. The Bedell Cristin team was led by Partner Richard Sharp, as...     [read more]

    By BL Global on  8 January 2021 
  • Deloitte: CFOs anticipate return to growth in 2021

    Deloitte Logo 2020Finance leaders expect a return to growth in 2021, with optimism rising to a record high since the survey began in 2007, according to Deloitte’s latest chief finance officer survey.  Despite the surge in business optimism, half of CFOs do not expect demand for their own businesses t...     [read more]

    By Deloitte on  8 January 2021 
  • Mourant advises Suntec on entry to UK investment market

    mourant logo 2018Mourant has advised Suntec Real Estate Investment Trust on its inaugural investment in the UK, a £430m acquisition of a 50% interest in The Nova Building in Victoria, London. The team, led by Jersey Partner Joel Hernandez, Counsel John MacFeeters and London-based Associate Ellie Oury, handled...     [read more]

    By Mourant on  8 January 2021 
  • JFSC gives details of NRA investment business webinar

    JFSC webinar jun20The Jersey Financial Services Commission has announced details of this month's sector-specific webinar, designed to cover the findings and recommendations of October's National Risk Assessment report. The next webinar will focus on the investment business sector and will take place on Wedne...     [read more]

    By Jersey Financial Services Commission on  8 January 2021 
  • Farah Ballands steps down as Ocorian CEO

    BL69_FarahBallandsOcorian has announced that Farah Ballands is stepping down as CEO, with Frederik van Tuyll taking over the position in addition to his role as Chairman. Farah has served as CEO of Ocorian since February 2020, having overseen its merger with Estera, which she led from January 2016.  ...     [read more]

    By Ocorian on  7 January 2021 
  • VG announces new-year promotions

    Dominic Coyne, VGJersey-based trust company VG has announced eight promotions.   Dominic Coyne and Jodie Gray have been named Associate Directors. Dominic has been with VG for almost 20 years. He is responsible for managing the funds and Islamic finance team, including real estate transactions involving Shariah...     [read more]

    By VG on  7 January 2021 
  • Imperium Fund Services names Andy Hatton as Director

    ImperiumTrust logo_oct20Imperium Fund Services (IFSL), an outsourced services provider to the closed-ended alternative funds industry, has appointed Andy Hatton as Client Services Director. Andy joins the firm after six and a half years with Belasko Administration, where he most recently led the Guernsey funds team. ...     [read more]

    By Candice Vermeulen on  7 January 2021 
  • PraxisIFM supports Ecofin IPO launch

    PraxisIFM_Logo2018PraxisIFM Fund Services (UK) has provided administration and corporate secretarial services to sustainable investment company Ecofin US Renewables Infrastructure Trust (RNEW), which was admitted to the London Stock Exchange on 22 December. RNEW’s IPO raised $125m based on its objective to inv...     [read more]

    By Orchard PR on  7 January 2021 
  • Comment: new law on disclosure of information

    BedellCristin logo 2019Bedell Cristin Partner Nancy Chien (pictured) looks at the implications of a Jersey law brought in this week that will make public more company information The Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020, which came into effect on 6 January, will increas...     [read more]

    By Crystal PR on  7 January 2021 
  • New listings on TISE rise 27% in 2020

    TISE logoThe International Stock Exchange (TISE) listed 831 securities during 2020 against the backdrop of the coronavirus pandemic.   This is the second highest annual total of new listings since the inception of the Exchange – eclipsed only by 2018 – and represents a 27% increase on 2...     [read more]

    By TISE on  6 January 2021 
  • Guernsey Electricity adds to board

    Tania Songini_GuernseyElec_jan21Guernsey Electricity has appointed two energy industry specialists to its board as Non-Executive Directors.  Ian Chapman and Tania Songini will help the executive management team develop the company’s strategy and fulfil Guernsey’s energy policy and the island’s future energy...     [read more]

    By Liquid on  6 January 2021 
  • IQ-EQ completes US acquisition

    IQ-EQ logo_2019IQ-EQ has completed the acquisition of Constellation Advisers, a US-based outsourced investment management services provider.  The transaction follows IQ-EQ's acquisition of US outsourced solutions provider Blue River Partners in 2020, and the integration of that business into the group. T...     [read more]

    By Aspectus Group on  5 January 2021 
  • Jersey Post Group to acquire Woodside Logistics

    JerseyPost logo jan21The Jersey Post Group is to acquire Jersey freight and delivery company Woodside Logistics.  The group says the acquisition will help it provide an end-to-end service encompassing marketplace e-commerce platforms, final-mile delivery services and international imports and exports for local bus...     [read more]

    By Jersey Post on  5 January 2021 
  • Equiom launches manco in Ireland

    Equiom logo 2019Following the recent acquisition of a management company platform in Ireland, Equiom has launched a 'super-manco' for fund managers. The new business, Equiom Fund Solutions (Ireland), offers fund managers AIFM and UCITS solutions for regulated funds looking to raise capital from investors i...     [read more]

    By Agility PR on  4 January 2021 
  • Carey Olsen reports TISE listings milestone

    CareyOlsen logo_jul19Carey Olsen has reported that for the fifth year in a row, Carey Olsen Corporate Finance was the leading listing agent for The International Stock Exchange (TISE) last year, acting in nearly 60% of the high-yield bonds listed on TISE in 2020.   According to the firm, it acted as listing agent f...     [read more]

    By Carey Olsen on  4 January 2021 
  • Matthew Gilligan joins Saffery Champness in Guernsey

    Matthew Gilligan_SafferyCh_jan21Saffery Champness Registered Fiduciaries has appointed Matthew Gilligan as an Associate Director within the firm’s Guernsey office.   Matthew will work with the fiduciary team to provide offshore solutions for ultra-high-net-worth individuals in key jurisdictions. He will also focus ...     [read more]

    By Infinite Global on  4 January 2021 
  • Collas Crill expands CI family law team

    ELIZABETH-COUCH_CC_jan21Collas Crill has extended its family law services in the Channel Islands with the appointment of Partners Adrian Brown and Elizabeth Couch in Guernsey.  In addition, Partner Dionne Gilbert has joined the international private client and trusts team in Jersey. Adrian and Elizabeth have transfe...     [read more]

    By Collas Crill on  4 January 2021 

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