Business News Archive

« June 2019

July  2019  (51)

  • Altair appoints to new board service

    Altair_Clare-Chalmers_jul19Jersey-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 
  • LGL acquires Totalserve Management (Luxembourg)

    LGL logo_jul19Jersey-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  19 July 2019 
  • Ocorian and Estera to merge

    Inflexion logo_jul19Inflexion 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 now online!

    BL63_COVERfinalIssue 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 
  • Jersey releases June Business Tendency Survey results

    Statistics Jersey logoStatistics 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 
  • TSG names new Head of Operations

    NathanWright_TSG_jul19Jersey-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 
  • Babbé recruits to litigation team

    Kirthi Kaylan_Babbe_jul19Commercial 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 
  • JFSC enforces first financial penalty on Sanne

    JFSC logo 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 Jersey team wins gold

    PortfolioAdviser logoStandard 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 makes senior hires

    ChrisMatthews_RBC_jul19RBC 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 
  • Butterfield completes acquisition of ABN Amro (Channel Islands)

    ButterfieldBank logo_jul19The 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 
  • CIISF to hold cyber threats seminar

    CIISF logoThe 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 
  • Walkers advises Apex Group on acquisitions

    Walkers Logo 2018International 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 
  • UK approves Jersey beneficial ownership data sharing

    Government of Jersey logo 2019Jersey’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 
  • Jersey investment consultancy launched

    concentric logo_jul19Investment 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 
  • How to... navigate the changing face of the City

    BL60_How toWhat’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 
  • Carey Olsen advises on insurance sale

    CO icon jul2019A 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 
  • TISEA names new NED

    AdrienneMuir_TISE_jul19The 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 
  • Zedra appoints UK MD

    Stuart McLuckie_Zedra_jul19Trust, 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 
  • Estera announces promotions

    MichelleTring_Estera_jul19Funds, 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 advises on issue of convertible bonds

    Appleby thumbnail logoAppleby’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 
  • EY: green future for Guernsey funds

    EY_logo_2017In 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 names GRC Director

    Heather Wilkins_Hawksford_jul19Hawksford 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 
  • Oak appoints Guernsey MD

    PaulSchreibke_Oak_jul19Guernsey-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 
  • Walkers announces Jersey appointments

    ChristopherReed_Walkers_jul19Christopher 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 makes senior promotions

    MatthewEcobichon_CO_jul19Carey 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 
  • Sanne opens office in Mumbai

    Sanne logo_jul19Alternative 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 
  • IQ-EQ names Guernsey Head of Private Wealth

    AlasdairMcLaren_IQ-EQ_jul19Investor 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 signs Commonwealth partnership

    Government of Jersey logo 2019Jersey’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 
  • Jersey Finance names conference speakers

    JerseyFinance logo_jul2019Former 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 
  • Jersey Funds Association elects new Chair

    Tim Morgan_JFAThe 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 league table highlights Channel Islands benefits

    HSBC logoHSBC 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 
  • Comment: suspicious activity reports

    David Cadin_BedellCristinThe 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 
  • Future leaders highlighted in 2019 Super Advisors list

    citywealth logoCitywealth 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 hires Director of Private Wealth in Jersey

    Steve Carr_Intertrust_jul19Intertrust 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 advises on aircraft leasing fund

    CO icon jul2019Carey 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 
  • Oakbridge makes board appointment

    Oakbridge logo jul2019Following 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 
  • Positive first half for Guernsey Local Market

    JasonMorgan_CareyOlsen_2019Sales 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 and podcasts: summer reads

    BL_Books thBOOKS 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 advises on reinsurer acquisition

    BedellCristin logo 2019Bedell 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 
  • JFSC publishes 2018 Annual Report

    JFSC Annual Report 2018The 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 
  • Jersey issues finance and legal GVA 2018 report

    Statistics Jersey logoStatistics 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 
  • Teleforum names JT CEO as Chair

    GraemeMillar_JT_2019The 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 to acquire Helm Trust

    SMP logoSMP 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 
  • Top trust companies listed

    eprivateclient Top Trust Companies 2019Eprivateclient 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 survey reveals PE attitudes to green finance

    We Are Guernsey logoGuernsey 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 appoints US head

    Philip Pirecki_JerseyFinanceNYJersey 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 
  • Mourant recognised in IFLR1000 Women Leaders list

    mourant_JacquelineRichommeTwo 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 
  • Global Financial Innovation Network reports on progress

    GFiN logo 2019The 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 Partner to serve third term as Jersey Bâtonnier

    David Cadin_BedellCristinBedell 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 and PEA support Guernsey fund launch

    CareyOlsen logo 2019Carey 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 

« June 2019

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