Alchemy: The Surprising Power of Ideas That Don’t Make Sense, by Rory Sutherland (WH Allen, £20, hardback), asks many questions about things that appear to be counter-intuitive – or, at least, far from obvious. Why is Red Bull so popular – even though everyone hates the taste...
[read more]
By Alexander Garrett on
31 July 2019
About a third of businesses expect to change radically in the next two years as they seek growth opportunities in a fast-changing world, according to a new survey by HSBC.
Navigator: Made for the Future, a survey of over 2,500 companies in 14 countries and territories, found that, while techn...
[read more]
By Crystal PR on
30 July 2019
In a move demonstrating that Jersey is open for business for Sharia investment and financing structures, the tax authorities in Jersey have issued a Statement of Practice providing tax certainty for typical Sharia-compliant financing structures.
Revenue Jersey's Statement of Practice confirms t...
[read more]
By Bedell Cristin on
30 July 2019
Channel Islands creative and digital marketing agency Oi has set up Junior, a specialist startup branding and marketing agency team servicing the South West of the UK.
The Junior team is experienced in integrated marketing, advertising, branding, design, video production, website and app developmen...
[read more]
By Oi on
30 July 2019
The Office of the Data Protection Authority (ODPA) has recruited three staff in key roles.
Edward Chapman and Martin Harris join as Case and Compliance Investigators to fulfil the role of investigating data breaches and complaints in the bailiwick. And Kirsty Bougourd has been named Co...
[read more]
By Liquid on
30 July 2019
Digital Jersey has set up a global network of entrepreneurs and executives to champion the island’s tech sector.
Under the Digital Jersey Ambassador Programme, key figures will promote work being done in Jersey, and identify new opportunities for people and businesses working in digital indus...
[read more]
By Digital Jersey on
30 July 2019
Zedra has completed its acquisition of trustee and administration services provider Interben Trustees in Guernsey.
The acquisition, announced in June, adds to Zedra's international pension and employee benefits portfolio and gives it an entry point into the Nordic institutional market for emplo...
[read more]
By Zedra on
29 July 2019
Jersey’s and Guernsey’s comprehensive global relationships mean they are well placed to be a conduit to China’s deepening connectivity with the rest of the world – but they must build their profile there, says Jinny Yan, Chief China Economist, ICBC Standard Bank
It mig...
[read more]
By Jinny Yan on
29 July 2019
JT’s My Account customer app has won Silver in the Best App category at the recent UK Digital Experience Awards 2019 – coming second to BT’s entry and ahead of Manchester United’s app.
The JT team, led by Dominic Vye (pictured centre), Head of Commercial Development, a...
[read more]
By Direct Input on
29 July 2019
IQ-EQ has completed the acquisition of Peru & Partners, a Paris-based consulting firm and fund administrator dedicated to the private equity market.
Established in 2009, Peru & Partners adds fund administration, CFO services, GP and portfolio company accounting, and valuation services...
[read more]
By IQ-EQ on
26 July 2019
Offshore legal and governance services firm Mourant has appointed Gavin Frost as its new Chief Finance Officer, based in the Jersey office.
Gavin comes to the firm with extensive global legal sector and financial services experience. He joins Mourant from law firm Eversheds Sutherland in Lond...
[read more]
By Mourant on
26 July 2019
Orchard PR has promoted Megan Thoume to the new role of Digital Content Executive, and appointed Emily Lord to the position of Senior Account Executive.
Megan joined Orchard three years ago as an intern and has more recently served as an Account Executive, specialising in creating digital content, ...
[read more]
By Orchard PR on
25 July 2019
Eleven years since the financial crisis, there is a growing sense of regulatory fatigue among regulated firms. So what does this mean for the islands, asks Malin Nilsson, Managing Director, Duff & Phelps’ Channel Islands office
One area that has dominated the regulatory environment global...
[read more]
By Malin Nilsson on
25 July 2019
Carey Olsen's property team has advised health and beauty retailer Superdrug on its set-up and arrival in Jersey and the future opening of its first store on the island.
Led by Partner Chris Philpott, the Carey Olsen property team advised Superdrug on the securing of the necessary busines...
[read more]
By Carey Olsen on
25 July 2019
Financial services provider JTC has appointed Wendy Holley, its Chief Operating Officer, to the PLC board as Executive Director of the group.
Wendy has over 25 years’ experience in financial services operations. She joined JTC in 2008, having spent 12 years with Mourant Services in a senior H...
[read more]
By Crystal PR on
23 July 2019
Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) in relation to a due diligence exercise on five BVI, Cayman Islands and Jersey targets and their subsidiaries in an acquisition and connected transaction involving a total cash consideration equivalent to approxima...
[read more]
By Appleby on
23 July 2019
The Channel Islands are now home to five Fellows of the Chartered Institute of Public Relations (CIPR) after the professional body’s highest accolade was awarded to Mark Oliphant, Head of Communications at The International Stock Exchange (TISE).
Mark, who also sits on the Marketing Committee...
[read more]
By Orchard PR on
23 July 2019
Jersey-based financial services business LGL Group is to acquire tax accounting specialist Totalserve Management (Luxembourg), TML.
LGL and TML have worked together since 2015. The transaction strengthens LGL’s presence in Luxembourg, where LGL Corporate Luxembourg (LGLL) has been its ...
[read more]
By Refinery on
22 July 2019
Private wealth manager Nedbank has appointed John Harris to its board as a Non-Executive Director.
John joins Nedbank having retired a year ago after 12 years as Director General of the Jersey Financial Services Commission and a member of the Board of Commissioners.
Prior to this, Joh...
[read more]
By Isle of Man Advertising & PR on
22 July 2019
The number and total value of debt judgments in Jersey fell in the first half of 2019 compared with the same period in 2018, according to figures released last week by Registry Trust.
There were 766 judgments registered in Jersey during H1 2019, 14% fewer than in the first six months of 2018....
[read more]
By Registry Trust on
22 July 2019
Today’s homework
There are 373,000 more employees working from home in the UK than there were 10 years ago – an increase of 27.7% – according to recent analysis published by trade union body the TUC to mark National Work from Home Day. The TUC’s research reveals that almost t...
[read more]
By Alexander Garrett on
22 July 2019
Jersey-based director services business Altair has recruited two consultants to deliver its newly launched service aimed at enhancing the effectiveness of boards in the Channel Islands.
Ian White and Clare Chalmers have extensive experience of working with the boards of FTSE 250 UK organisations in...
[read more]
By Crystal PR on
19 July 2019
Inflexion Private Equity is to acquire funds, corporate and trust services provider Estera from Bridgepoint.
Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company, Ocorian, to form a global corporate service and fund administration business....
[read more]
By Inflexion on
19 July 2019
Issue 63 of Businesslife is now available online.
In our cover feature for this issue, we explore a growing challenge facing businesses across the Channel Islands and elsewhere – poor mental health among employees. Surveys reveal the problem is particularly prevalent in the high-pressured fin...
[read more]
By BL Global on
19 July 2019
Statistics Jersey has published the results of the June 2019 Business Tendency Survey, its quarterly survey that provides timely, qualitative information about the Island’s economy.
Chief executives and managing directors are asked for their opinions on the current situation of their business...
[read more]
By States of Jersey on
18 July 2019
Jersey-based IT and business technology specialist TSG has appointed Nathan Wright to the role of Head of Operations, overseeing the delivery of customer service, performance improvements and process efficiencies.
Nathan has run his own IT consultancy, NW Consulting, since its launch in 2006. Prior...
[read more]
By Freedom Media on
18 July 2019
Commercial litigation lawyer Kirthi Kalyan has joined the dispute resolution team at Babbé as an Associate.
She brings with her more than five years’ experience advising clients on various aspects of large-scale, cross-jurisdictional corporate investigations and expertise in corporate ...
[read more]
By Orchard PR on
17 July 2019
The Jersey Financial Services Commission (JFSC) has issued its first civil financial penalty against a regulated business for an historic contravention of the JFSC’s Codes of Practice.
The regulator has imposed a civil penalty of £381,010 on Sanne Fiduciary Services Limited (SFSL)...
[read more]
By Jersey Financial Services Commission on
17 July 2019
Standard Bank’s Jersey-based International Fund Solutions (IFS) team have won a gold award at the Portfolio Advisor Wealth Management Awards, held in London last week.
The team won the prize in the new Environmental, Social and Governance (ESG) Innovator category at the event, which bri...
[read more]
By Isle of Man Advertising & PR on
17 July 2019
RBC Wealth Management has appointed Chris Matthews (pictured) in Jersey and Vikram Anand in London as Managing Directors, Relationship Management.
Chris has spent almost 18 years with RBC on the island, where he is responsible for providing integrated wealth management services to a portfolio...
[read more]
By Greentarget on
17 July 2019
The Bank of NT Butterfield & Son has completed the acquisition of ABN Amro (Channel Islands), following receipt of all regulatory approvals.
Effective today, ABN Amro CI has been renamed Butterfield Bank (Channel Islands), or BBCI. Over the next 12 months, Butterfield says BBCI will ...
[read more]
By Orchard PR on
15 July 2019
The Channel Islands Information Security Forum (CIISF) is holding its June Jersey lunchtime seminar – Responding to cyber threats: It's as easy as BBA! – on Wednesday 17 July, at the St Paul's Centre, Saint Helier, from 12.45pm to 2pm.
The CIISF will explore how most organ...
[read more]
By CIISF on
15 July 2019
International law firm Walkers has advised fund services provider Apex Group on two major acquisitions in the Channel Islands and Ireland.
Walkers advised Apex in relation to the closing of the financing and acquisition of Corporate and Private Client Services (CPCS) and Throgmorton businesses of L...
[read more]
By Walkers on
15 July 2019
Jersey’s ability to share company beneficial ownership information with the UK’s law enforcement agencies is effective, a review presented to the UK Parliament has found.
In 2016, Jersey along with Guernsey, the Isle of Man and six British Overseas Territories, signed a bilateral agreem...
[read more]
By Government of Jersey on
12 July 2019
Investment advisory business Concentric Financial Services has been launched in Jersey.
Based in St Helier, Concentric aims to advise private investors, charities and trustees on investment solutions that create a positive social and environmental impact without compromising investm...
[read more]
By Concentric on
12 July 2019
What’s changed?
In case you hadn’t noticed, the City looks a very different place today compared with even a decade ago. There are few pinstripes and, 30 years after the Big Bang, barrow boys are not what they were. Today’s City of London is a more vibrant, diverse and intere...
[read more]
By Alexander Garrett on
12 July 2019
A cross-practice team from Carey Olsen has advised BenCo Insurance Holding on its sale of Nordben Life and Pension Insurance Co to Bermudian reinsurer Monument Re.
The deal, which was first announced at the end of last year, has completed after gaining the necessary regulatory approval from t...
[read more]
By Carey Olsen on
12 July 2019
The International Stock Exchange (TISE) has named Adrienne Muir as a new Non-Executive Director of its regulatory arm, The International Stock Exchange Authority (TISEA).
Adrienne was appointed to the board of TISEA on 26 June and will combine this position with her role as Chief Operating Officer ...
[read more]
By TISE on
11 July 2019
Trust, corporate and fund services Zedra has appointed Stuart McLuckie (pictured) as its new UK onshore Managing Director, based at the company’s Cheshire offices.
Stuart is a specialist in the area of trusts and other wealth and succession planning solutions. Having started his career in the...
[read more]
By Nacelle on
11 July 2019
Funds, corporate and trust services provider Estera has announced 50 promotions across its 11 jurisdictions – 10 in Guernsey and four in Jersey.
At Director level, Michelle Tring (pictured), formerly Associate Director at the firm, has been named Trust Director, with principle responsibility ...
[read more]
By Estera on
10 July 2019
Appleby’s Jersey team, led by Partner Andrew Weaver and assisted by Associate Zim Ceko, has advised and acted as Jersey counsel to Russian gold-mining company Petropavlovsk and its subsidiary, Petropavlovsk 2010, in respect of the issue of new $125m Guaranteed Convertible Bonds, due 2024 ...
[read more]
By Appleby on
10 July 2019
In the global power and utilities market, 56% of M&A deals were in the renewables sector, according to EY’s Power Transactions and Trends: Q1 2019 report. This contributed to a total value of $12.7bn (61% of total deal value), Europe leading the activity with $5.4bn (42.5%) of total renewa...
[read more]
By EY on
9 July 2019
Hawksford has appointed Heather Wilkins as a Director in its Governance, Risk and Compliance (GRC) team.
In her new role, Heather will focus on the group enterprise risk management framework, which includes a key role in the operation of several jurisdictional risk committees, as well as the ...
[read more]
By Liquid on
9 July 2019
Guernsey-based private client, corporate services and fund administration business Oak Group has named Paul Schreibke as the new Managing Director of its private client and corporate services business in Guernsey, subject to regulatory approval.
Paul brings to the business more than 30 years’...
[read more]
By Orchard PR on
9 July 2019
Christopher Reed has been promoted from Senior Counsel to Group Partner within law firm Walkers' Jersey Investment Funds & Corporate Group.
Christopher assists a broad range of clients, including international corporations, private equity investors, sovereign wealth funds, pension funds, in...
[read more]
By Walkers on
9 July 2019
Carey Olsen has made five senior promotions across its Jersey and London offices.
Matthew Ecobichon (pictured) and London-based Colin Masterton have been promoted to Counsel, while Sophie Hancock (pictured below), Oliver Lindop and David Patterson have all been promoted to Senior Associate.
&...
[read more]
By Carey Olsen on
9 July 2019
Alternative asset and corporate services provider Sanne has opened a new office in Mumbai, India.
It means the group, which already has offices in 18 international finance centres, now has a local presence in one of the world’s fastest growing alternative markets.
Khush...
[read more]
By Liquid on
9 July 2019
Investor services group IQ-EQ has appointed Alasdair McLaren to the role of Head of Private Wealth, Guernsey.
Formerly SGG Group, IQ-EQ gained a presence in Guernsey in 2018 following its acquisitions of First Names Group and Augentius.
Alasdair had served as a Director within Fir...
[read more]
9 July 2019
Jersey’s Minister for External Relations, Senator Ian Gorst, has agreed a partnership programme with the Commonwealth Enterprise and Investment Council (CWEIC).
Senator Gorst attended the signing in London with Assistant Minister Connétable Richard Buchanan, and signed the progra...
[read more]
By Government of Jersey on
9 July 2019
Former White House economist Todd Buchholz and political broadcaster Andrew Marr will deliver keynote speeches at Jersey Finance’s funds and private wealth conferences to be held in London later this year.
At the Jersey Finance Annual London Funds Conference, on 10 September at the Royal Lanc...
[read more]
By Jersey Finance on
9 July 2019
The Jersey Funds Association (JFA) has elected Tim Morgan (pictured) to the role of Chair. He takes over from Mike Byrne, who has been at the helm of the JFA for the past three years.
Tim, a Partner at law firm Mourant, has practised in Jersey since 2003 advising promoters, investors, b...
[read more]
By Crystal PR on
8 July 2019
HSBC Expat's latest Best places to live and work league table has highlighted some of the benefits of moving to Guernsey and Jersey, both of which have been included in the ranking for the first time this year.
According to the research, 83% of people moving to Jersey to live and work say they ...
[read more]
By Crystal PR on
8 July 2019
The Law Commission of England and Wales recently produced a report on suspicious activity reports (SARs) filed under the anti-money laundering regime. Bedell Cristin Managing Partner David Cadin (pictured) considers the implications for the Channel Islands
Although there are fundamental diffe...
[read more]
By Orchard PR on
8 July 2019
Citywealth has published the top 100 future leaders in wealth management in its 2019 Future Leaders Top 100: Super Advisors listing.
The list has been assembled using submissions from Citywealth's annual Future Leaders research. This year, individuals were asked to answer questions relating to ...
[read more]
By Citywealth on
5 July 2019
Intertrust has appointed Steve Carr to the role of Director, Private Wealth, with a brief to develop its private wealth business.
Steve, who previously spent almost 18 years with local fiduciary business Hawksford, has over 20 years’ experience in private client services and a broad knowledge...
[read more]
By Orchard PR on
5 July 2019
Carey Olsen has advised aircraft operating leasing and asset management company Falko Regional Aircraft on the launch and final closing of Falko Regional Aircraft Opportunities Fund II at $650m.
The fund, which has been established as a Jersey Expert Fund, surpassed its original fundraising t...
[read more]
By Carey Olsen on
5 July 2019
Following ED Group’s acquisition of a majority stake in Stenham Wealth Management (SWM) earlier this year, Jamie Crawford has been appointed to the board of Oakbridge, the investment management company formed from the relaunch of SWM.
Jamie joins the board having spent almost 10 years with ED...
[read more]
By Oakbridge on
4 July 2019
Sales activity in the Guernsey Local Market is up more than 20% compared with the same time last year, according to the latest conveyancing statistics compiled by Unusualities of Guernsey, an independent compiler of local conveyancing statistics.
For the six months to the end of June 2019, th...
[read more]
By Carey Olsen on
4 July 2019
BOOKS
An Economist Walks into a Brothel by Allison Schrager (Portfolio, £12.67, Amazon, paperback) sounds like the first line of a joke. What this book is actually all about is risk: how you can apply the principles of risk used by professionals such as gamblers, military generals and even in...
[read more]
By Alexander Garrett on
4 July 2019
Bedell Cristin has acted as counsel to Monument Re on its acquisition of Nordben Life and Pension Insurance from BenCo Insurance Holding, after gaining regulatory approval from the Guernsey Financial Services Commission.
Monument Re is a Bermuda-based reinsurer established to operate as an as...
[read more]
By Orchard PR on
4 July 2019
The Jersey Financial Services Commission has published its 2018 Annual Report, which marks 20 years as the island's financial services regulator.
Highlights
• Collected 2.7 million data items as part of its supervisory risk data collection exercise, in support of the National Risk Assessme...
[read more]
By Jersey Financial Services Commission on
3 July 2019
Statistics Jersey has released the gross value added and productivity report for the finance and legal sector in 2018. The report covers banks, fund managers, trust administration, accountancy and legal firms.
Gross Value Added (GVA)
• Jersey’s finance sector, as measured by ...
[read more]
By States of Jersey on
3 July 2019
The Forum for Telecom Operators of Small States (Teleforum) has elected Graeme Millar, Chief Executive of Jersey-based telecoms operator JT, as its Chairman.
Graeme was appointed to the newly created role on a two-year term at Teleforum’s conference in June. Teleforum brings to...
[read more]
By Direct Input on
3 July 2019
SMP Group of Companies, the financial services specialist headquartered in the Isle of Man, is to acquire Jersey-based trust and corporate services provider Helm Trust Company. The transaction is subject to regulatory approval.
Helm has been delivering trust and company administration se...
[read more]
By Isle of Man Advertising & PR on
2 July 2019
Eprivateclient has released its Top Trust Companies ranking for 2019.
The ranking was introduced 10 years ago to celebrate the largest and most successful private client-centric advisory businesses. It surveys more than 100 trust companies, and the rankings are based on data such as...
[read more]
By BL Global on
2 July 2019
Guernsey Finance has published findings suggesting that the political backdrop is encouraging private equity managers to consider more investment in green and sustainable finance – but they also want to see more transparency in those funds.
Research carried out by Guernsey Finance has r...
[read more]
By We Are Guernsey on
1 July 2019
Jersey Finance has appointed Philip Pirecki as its business development lead in the US, ahead of the opening of a new representative office in New York later this year.
In his new role, Philip will take on responsibility for enhancing Jersey’s visibility in the US as an international finance ...
[read more]
By Crystal PR on
1 July 2019
Two lawyers at Mourant have been recognised in the 2019 IFLR1000 Women Leaders list – and are the only Channel Islands-based lawyers to be included on the list.
Frances Watson (pictured far right) is a Partner and Guernsey Advocate in the Finance and Corporate team in the Guernsey office. Wit...
[read more]
By Mourant on
1 July 2019
The Global Financial Innovation Network (GFiN) has published a report on its first year of activities and ambitions for the future.
The GFiN, set up in 2018 and officially launched in January this year, is an international network of organisations committed to supporting financial innovation in the...
[read more]
By GFiN on
1 July 2019
Bedell Cristin Managing Partner David Cadin has been elected Bâtonnier by the Advocates of the Jersey Bar for a third term.
David has been Bâtonnier since 2013, serving two three-year terms. His re-election to serve a third term, of one year, is unprecedented in recent years.
&nbs...
[read more]
By Orchard PR on
1 July 2019
Carey Olsen's investment funds team in Guernsey and fund administration specialist Private Equity Administrators (PEA) have assisted Creandum on the establishment of Creandum V, a €265m venture fund focusing on early-stage opportunities across Europe.
Following strong demand fro...
[read more]
By Carey Olsen on
1 July 2019