RBS International has today announced the interim results for the first half of 2020. Highlights include:
• Income generation of £259m and an operating profit of £87m.
• The balance sheet remains strong with a Capital ratio of 20.9% and a loan to deposit ratio of 43%.
•...
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By Crystal PR on
31 July 2020
Ogier has advised longstanding client Clarivate on its $6.8bn combination with CPA Global.
CPA Global, which has its head office in Jersey, provides IP management and technology solutions to more than 12,000 law firm and corporate customers, providing IP professionals with the information, insights...
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By Crystal PR on
31 July 2020
The Jersey Financial Services Commission (JFSC) has announced its commitment to supporting the financial services industry with the development of a shared ‘know your customer’ (KYC) utility.
The purpose of a KYC utility would be to provide a shared tool for verifying customers’ i...
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By Jersey Financial Services Commission on
31 July 2020
Equiom has announced the acquisition of HF Fund Services Ltd.
Founded in 2007 by Sean Flynn and Patrick Harrigan, HF Fund Services provides non-executive independent directors to alternative investment funds and investment management companies. The business operates from the Cayman Islands and Irel...
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By Equiom on
30 July 2020
Hawksford and London-based law firm Edwin Coe are to host a webinar next week looking at cross-border wealth structuring for global Indian families.
Hawksford Director Michael Powell, who also leads the firm's India desk, will co-host the event on 5 August with Edwin Coe Tax Partner Hetal ...
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By Liquid on
29 July 2020
The SMP Group of Companies has appointed Paul Mundy as Global Head of Funds.
With 30 years of experience in the financial services sector, Paul most recently served as Managing Director for State Street’s alternative fund administration business in the Channel Islands.
He has also work...
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By SMP Group on
29 July 2020
The Chartered Institute for Securities & Investment (CISI) has appointed Christopher Jehan (pictured) as President of its Guernsey branch committee.
He takes over from Paul Garrard, who has been on the CISI Committee for 13 years and President for two.
Christopher joined ...
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By CISI on
29 July 2020
Property lawyer Anna Douglass has joined Ferbrache & Farrell’s UK real estate team as Counsel.
Anna moved to the firm from Collas Crill, where she has spent more than six years working as a Senior Associate with primary responsibility for UK residential property transactions.
She de...
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By Clicksmith on
28 July 2020
Appleby has announced the promotion of Nicole Sorbie to Senior Associate.
Nicole is a member of the Corporate team, specialising in corporate and financing work within Appleby’s Banking and Finance practice.
Her experience covers the full spectrum of banking and asset finance, including acqu...
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By Appleby on
28 July 2020
JT has appointed Mark Shuttleworth (pictured right) and Martin Harriman as Non-Executive Directors.
Mark, a Chartered Accountant and INSEAD Director, chairs the Audit and Risk Committee of Countrywide and has held senior positions in the technology, media and telecom sector.
He wa...
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By Direct Input on
27 July 2020
eprivateclient has published its 2020 Top Offshore Law Firms ranking, which this year recognises firms that operate across multiple jurisdictions and those that work from a single jurisdiction.
Thirty firms feature, with 11 across two tiers within the multi-jurisdictional rankings and 19 acros...
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By eprivateclient on
27 July 2020
Jersey-based Altair Partners has appointed Mike Farley as its Client Director.
Mike joins the firm from Zedra Fiduciary Investment Services, where he has served as Managing Director for the past four years, overseeing financial assets across Europe, Asia and the Caribbean.
He started his career as...
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By Altair on
27 July 2020
Baker Tilly Channel Islands has promoted Hafeez Azeez and Sandy Cameron to Client Directors.
Both of them have a wealth of technical expertise covering assurance and advisory work, including valuations, having worked for accountancy firms across several jurisdictions.
Prior to joining...
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By Neon Daisy on
24 July 2020
Statistics Jersey has published the results of the latest Business Tendency Survey (BTS), the quarterly publication 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 ...
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By Government of Jersey on
23 July 2020
Saffery Champness Fund Services has advised True North Real Estate Partners (TNREP) on the creation and launch of its first fund, focusing on positive environmental impact through reforestation.
Saffery Champness has also been appointed to provide administrative and accountancy services to th...
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By Saffery Champness on
23 July 2020
Investor services provider IQ-EQ, in collaboration with Barton Consulting and Wealth-X, has released its The Great Global Wealth Transfer report – an analysis of the world’s wealthiest to establish how and when this transfer will take place and the impact it will have on family offices.
...
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By Aspectus Group on
23 July 2020
Jersey-based fiduciary and fund services provider Highvern has made two senior promotions within its Funds team – Julie Gallon (pictured) to Associate Director and Emma Syvret to Manager.
Julie joined Highvern in 2018 with 15 years’ experience in the sector. She previously he...
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By Highvern on
23 July 2020
In its latest report, Standard and Poor’s has decided to maintain Jersey’s sovereign credit rating of AA-/A-1+.
It stated: "Fiscal buffers remain very substantial. We are therefore affirming our AA-/A-1+ long- and short-term sovereign credit ratings on Jersey. The outlook rem...
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By Jersey Finance on
23 July 2020
Appleby has acted in Jersey, Guernsey and the Isle of Man on behalf of FRP Trading, the joint administrator for UK fashion retailers Monsoon and Accessorize.
The Appleby insolvency and restructuring teams in Jersey and Guernsey have obtained orders of recognition for FRP’s appoint...
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By Appleby on
23 July 2020
BOOKS
No filter: the inside story of how Instagram transformed business, celebrity and our culture
by Sarah Frier (Cornerstone Digital, £20, hardback)
This is the story behind the meteoric rise of the social media photo app – including interviews with its founders – ch...
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By Alexander Garrett on
22 July 2020
Island businesses must draw on their digital and sustainability strengths if they are to thrive in a post-pandemic environment, according to HSBC Commercial Banking’s latest Navigator report, Building Back Better.
The report, which draws on a survey of more than 2,600 companies in 14 countrie...
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By Crystal PR on
21 July 2020
Pan-island communication and regulatory technology business Vaiie has created a four-member advisory panel to provide strategic advice and input into the digital, financial and regulatory sectors.
Launched in January 2020 following a rebrand from Jersey Post Digital, Vaiie helps organisations integ...
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By Jersey Post on
21 July 2020
Walkers has made two recent appointments to its Jersey office.
Julia Keppe (pictured right) has taken up the role of Senior Counsel in the Banking and Finance team. Julia joins from Ogier, having previously spent more than 10 years with Debevoise & Plimpton in London and New York, before moving...
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By Walkers on
21 July 2020
The States of Guernsey has welcomed Standard & Poor's affirmation of Guernsey's credit rating as AA-/A-1+ with a stable outlook.
Deputy Lyndon Trott (pictured), Vice-President of the Policy & Resources Committee, commented: "S&P has noted that, like virtually all jurisdicti...
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By States Of Guernsey on
21 July 2020
Finance leaders expect a slow pick-up in activity, with no quick bounce-back anticipated, according to Deloitte’s latest CFO survey.
Almost half of CFOs surveyed (49%) do not expect demand for their own businesses to recover to pre-pandemic levels until after Q2 2021.
The Deloitt...
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By Deloitte on
20 July 2020
IoD Jersey has announced the winners of this year's Director of the Year Awards, which celebrate the achievements of individuals and recognise excellence in the business community.
With significant changes made to the awards owing to the challenges of Covid-19, IoD Jersey has this year recognis...
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By BWI on
20 July 2020
The Guernsey Chamber of Commerce has elected Elaine Gray as President, the first woman to hold the post in the organisation’s 212-year history. She replaces Barrie Baxter, who had held the position since 2018.
A Partner at Carey Olsen, Elaine leads the firm's Guernsey dispute resolution a...
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By Guernsey Chamber of Commerce on
20 July 2020
Jersey Finance has welcomed an amendment to Jersey’s legislation that will make it significantly easier for managers to migrate limited partnership fund structures to the jurisdiction.
The changes to the Limited Partnership (Jersey) Law 1994, which were approved by Jersey’s government t...
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By Crystal PR on
17 July 2020
Saffery Champness Registered Fiduciaries has announced the launch of a new offering in the Cayman Islands.
Saffery Trustee Company (Cayman) Limited (STCCL) will provide Cayman trust and corporate services as a registered controlled subsidiary of a licensed Cayman ...
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By Infinite Global on
16 July 2020
A consultation has been launched between Guernsey's funds sector and the regulator to consider widening formation options for the island's Private Investment Fund.
The Guernsey Financial Services Commission has issued a discussion paper with proposals aimed at ensuring the Guernsey fu...
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By We Are Guernsey on
16 July 2020
Brooks Macdonald Group has published an update on funds under management (FUM) for the fourth quarter of its financial year (ended 30 June 2020), together with a trading update for the period.
The update shows that Brooks Macdonald International, the Channel Islands subsidiary of Brooks Macdo...
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By Crystal PR on
16 July 2020
Thousands of new jobs can be created in the Channel Islands in the next 15 years if governments, business and educators work together to champion digital technology, according to a new report from PwC in the Channel Islands.
The report – New World. New Skills. Upskilling the Channel Islands&r...
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By Crystal PR on
16 July 2020
Zoom has shot to fame during the pandemic, but there are alternatives out there – so what are the options if you want to talk to your team while sitting in front of your laptop in your pyjama bottoms?
FaceTime
Apple’s offering in the video talk market was acquired in 2011 and is pre-ins...
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By Alexander Garrett on
16 July 2020
Crestbridge has announced a range of senior promotions in its Jersey office.
Nina Gomes (pictured) moves up from Senior Manager to Head of Learning and Development. She has been with Crestbridge since January 2018, having previously served as Tutor and Head of Fiduciary at Jersey professional devel...
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By Crystal PR on
16 July 2020
Santander International has appointed Richard Settle as its new Chief Risk Officer.
Richard, who joins Santander International from Euroclear UK and Ireland, will have responsibility for operational and credit risk, compliance and financial crime compliance for the Jersey and Isle of Man branches. ...
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By leadership writing on
15 July 2020
Guernsey law firm Babbé has appointed Tristan Ozanne to the role of Counsel, responsible for leading the corporate team.
Tristan joins the firm with more than 16 years’ offshore experience in corporate, commercial and financial law. He has served as a Senior Associate at Collas Crill f...
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By Orchard PR on
15 July 2020
Bedell Cristin has advised Munich Re on a £1bn longevity swap arrangement with the Willis Pension Scheme, in a longevity hedging deal that covers some 3,500 pension scheme members.
The transaction was undertaken using the Longevity Direct solution offered by Willis Towers Watson, which enable...
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By Orchard PR on
14 July 2020
Fund and corporate services provider the Aztec Group has been selected to administer Stirling Square Capital Partners’ Fourth Fund.
With €950m in total commitments, the fund – Stirling Square’s largest to date – will focus on the European mid-market. The London-ba...
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By Aztec Group on
14 July 2020
Tom Colclough, Head of Customer Journeys, Institutional Banking at RBS International looks into the disruptive forces in the institutional banking sector, and how incumbents might respond
Even before coronavirus, banking faced unprecedented disruption. Be it challenger banks leveraging technology t...
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By RBS International on
14 July 2020
Channel Islands marketing agency Oi has appointed two new members to its leadership team – Nick Stewart as Head of Strategy and Victoria Falla as Head of Planning and Clients (both pictured right).
Nick, a former Head of Digital at Bacardi Global, has been working with Oi for the past six mon...
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By Oi on
14 July 2020
The Jersey Competition Regulatory Authority (JCRA) has appointed Stephanie Liston as its Chair.
Stephanie specialises in a wide range of technologies and has worked in the US, UK and British Virgin Islands. She provides international strategic, legal and regulatory advice in relation to a var...
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By ORCHID on
13 July 2020
Jonathan Rigby has been re-elected as Global Managing Partner of Mourant for another four years.
Jonathan has been Managing Partner of the offshore legal and governance services provider since 2008. His fourth term will take effect from January next year.
Having jo...
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By Mourant on
13 July 2020
Chambers' High Net Worth 2020 rankings have been released, rating the top lawyers and law firms for international private wealth. The guide also recommends accountancy firms, private banks, wealth managers, trust companies and other professional advisers to HNW and UHNW clients around the world....
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By BL Global on
13 July 2020
The Guernsey Financial Services Commission has released its investment statistics for the first quarter of 2020.
• Guernsey funds – The total net asset value of Guernsey funds has increased in sterling terms during the last quarter by £5.5bn (2.4%) to £233.2bn. Over the past ...
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By Guernsey Financial Services Commission on
10 July 2020
TISE has reported that there were more new listings on The International Stock Exchange (TISE) during the first six months of 2020 than in the same period of any year since the business was established in 1998.
A total of 390 securities were admitted to the Official List of TISE during the fi...
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By TISE on
10 July 2020
Appleby has announced six appointments across its Jersey and Guernsey offices.
In Jersey, James Gaudin has been appointed to the position of Office Managing Partner. He has been with the firm since 2010, having previously served at Walkers.
Andrew Weaver (pictured) has been named Corporate Practic...
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By Appleby on
10 July 2020
Collas Crill has acted for Blue Islands on its £10m loan facility with the States of Jersey, which aims to safeguard essential travel connections for the Channel Islands.
The loan secures the Channel Islands' air connectivity with the UK, enabling Blue Islands to consolidate its current l...
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By Collas Crill on
10 July 2020
Accountancy and advisory firm BDO has promoted four employees across its specialist industry sector teams in Guernsey.
Shelley Tostevin, who joined BDO in 2014, and Tinotenda Munengwa, who worked in South Africa before moving to BDO in Guernsey in 2017, have both been promoted to Assistant Ma...
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By Orchard PR on
10 July 2020
Publishing group PAM Insight has announced the winners of this year's PAM Awards, presented last night at a virtual event attended by more than 300 guests.
The awards, now in their 22nd year, set out to recognise the top investment professionals, wealth advisers, legal firms, consultants and ot...
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By PAM Insight on
10 July 2020
Fund and corporate services provider the Aztec Group has made two senior appointments to its private equity team – Paul Watson as Director and Alexandra Prince as Associate Director.
With 20 years’ experience in international finance, Paul was previously a Principal Consultant with Chan...
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By Aztec Group on
9 July 2020
So Covid-19 came from nowhere – or did it? One thing the pandemic has shown is that every business needs to have a plan for the unexpected, and most of all for the situations that could put your very existence into question.
Be prepared
The first step in any crisis management plan is ri...
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By Alexander Garrett on
9 July 2020
The Guernsey Financial Services Commission has issued a discussion paper that includes proposals to ensure Guernsey's funds framework remains fit for purpose while helping to create opportunities for growth.
Among other proposals to increase efficiency and clarity, the discussion paper pr...
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By Guernsey Financial Services Commission on
8 July 2020
Nearly four fifths (79%) of private equity fund managers expect investors to demand more transparency in reporting on portfolio company performance over the next 12 months, according to a report from Intertrust, reflecting growing concerns over the impact of the Covid-19 pandemic.
For ...
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By Orchard PR on
7 July 2020
Butterfield has confirmed the appointment of Mark Forster as Client Lead — Financial Intermediaries in Jersey.
Having spent more than 30 years within the finance sector on the island, Mark joins Butterfield with extensive experience of banking, foreign exchange and alternative investmen...
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By Orchard PR on
7 July 2020
The Government of Jersey is to provide a loan of up to £10m to Blue Islands, which will be repaid over six years.
The Minister for Treasury and Resources, Deputy Susie Pinel, has signed an agreement to invest in the airline to maintain key links with regional UK airports and a number of...
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By Government of Jersey on
6 July 2020
Jersey’s financial services industry showed resilience in the first quarter of 2020 against emerging global market challenges, with the values of fund assets being serviced in the jurisdiction and the value of bank deposits increasing.
Figures for the quarter ending 31 March, collated by the ...
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By Crystal PR on
6 July 2020
Jersey law firm Dickinson Gleeson has appointed Advocate Guillaume Staal as a Partner.
Previously a Senior Associate within the firm’s litigation department, Advocate Staal has been promoted to the partnership eight years after joining Dickinson Gleeson.
His principal areas of expertise are ...
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By Dickinson Gleeson on
6 July 2020
Equiom has acquired Borean Corporate & Financial Services, a trust and corporate services provider based in the Netherlands, as part of its strategy to increase the provision of services for asset managers in tier 1 jurisdictions.
Borean works with private equity firms to provide dir...
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By Equiom on
6 July 2020
Santander International has appointed Wayne Stanley to the role of Head of Private and Retail Banking, based in Jersey.
Wayne replaces James Geldart, who has been promoted to Managing Director for Santander International’s Isle of Man branch.
With nearly 25 years’ experience in f...
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By leadership writing on
6 July 2020
Accountancy firm Rawlinson & Hunter in Guernsey has appointed Ciaran O’Neill as an Executive Director.
Ciaran has joined the firm after almost 13 years at Credit Suisse, where he most recently served as Global Head of Trust Management.
Prior to that, he worked at Credit Suisse Trus...
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By Rawlinson & Hunter on
6 July 2020
Global wealth management group Blacktower and Guernsey-based investment management firm Nova Wealth have launched a joint venture discretionary fund management service.
The new business – Nexus Portfolio Management Limited (NPML) – is a boutique offshore investment manager that w...
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By Connective3 on
3 July 2020
RBS International is to support private equity group EQT by participating in its latest flagship buyout fund’s subscription credit facility.
According to RBSI, this represents the first environmental, social and governance (ESG)-linked fund-level facility of this size in the global fund...
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By Crystal PR on
3 July 2020
The International Stock Exchange (TISE) has announced that Jon Moulton will be retiring as parent company Chairman and stepping down as a Director at the end of the year.
He will be succeeded as Chairman of The International Stock Exchange Group (TISEG) by Charlie Geffen (pictured), who currently c...
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By TISE on
3 July 2020
Brooks Macdonald has launched an online Adviser Academy series, CONNECTED, in response to the changing landscape of the Covid-19 pandemic.
Each webinar in the series, which is free to attend, features a Brooks Macdonald specialist alongside industry speakers for a live presentation and Q&...
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By Crystal PR on
3 July 2020
AI ‘must be fair’
More than two thirds of consumers are worried about artificial intelligence (AI) discriminating against them, and more than three quarters say that companies must take action to avoid bias, according to a study by digital transformation firm Genpact. The study – ...
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By Alexander Garrett on
3 July 2020
Rhona Humphreys has been elected as the new Chair of the Guernsey Association of Trustees (GAT).
GAT is the industry representative body for fiduciary licence holders in the bailiwick of Guernsey and represents more than 100 corporate and individual members.
Membership predominantly consists of tr...
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By Guernsey Association of Trustees on
3 July 2020
Deloitte in Jersey has promoted Manisha Mukhi from Senior Manager to Director.
Manisha joined Deloitte as a graduate trainee and has more than 15 years of experience working with clients in the financial services and commercial sectors, primarily within asset servicing.
For sever...
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By Black Vanilla on
3 July 2020
Evelyn Brady has taken over the role of Managing Partner of PwC’s Guernsey office from John Roche, who has held the position for the past six years.
Evelyn will continue to help lead and shape PwC’s strategic direction, as she has since her admission to the partnership in 2009. She star...
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By Crystal PR on
2 July 2020
JTC is to provide fund administration and registrar services to Brooks Macdonald International, following the latter’s recent announcement that it is to acquire the Channel Islands funds and wealth management business of Lloyds Bank International.
JTC will provide services to Brooks Macdonald...
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By Crystal PR on
2 July 2020
The IoD has released details of its July breakfast event to be held next week, which will be a panel debate on Guernsey’s economic future post-Covid-19.
Attendees will hear from Deputy Lyndon Trott, Vice-President of Policy and Resources, and Deputy Charles Parkinson, President of Economic De...
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By Black Vanilla on
2 July 2020
Jersey-based private wealth and fund administration services firm Highvern has appointed Joseph de la Haye to the newly created role of Group Head of Finance and Technology.
Joseph brings to the firm experience in M&A, corporate development and technology implementation, gained across mu...
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By Highvern on
2 July 2020
Ogier has announced the promotion of two of its senior lawyers – Bryan de Verneuil-Smith and Paul Chanter (pictured far right) – who have become Partners within its Guernsey team.
Bryan is now the third Partner in the Guernsey Dispute Resolution team. He joined the firm ...
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By Crystal PR on
2 July 2020
JTC has completed the acquisition of Sanne’s private client business, which was announced in March.
The acquisition expands JTC’s presence in Jersey, with Sanne’s clients and staff from the private client services business transferring to JTC as part of the transaction.
The deal ...
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By Crystal PR on
1 July 2020
Thirteen years after leaving Guernsey to live in Hong Kong, Melanie Ison, Managing Director of PraxisIFM Nerine (Hong Kong), is returning to Guernsey to take up the position of Director at PraxisIFM Trust.
Melanie joined Nerine in March 2009 as a Director in its Hong Kong office and was promo...
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By Orchard PR on
1 July 2020
Following receipt of regulatory approval from the Monetary Authority of Singapore, Zedra has completed its acquisition of BNP Paribas Singapore Trust Corporation, announced in January.
BNP Paribas Singapore Trust Corporation, which will be renamed Zedra Trustees (Singapore), serves the growing Asia...
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By Nacelle on
1 July 2020
Following a consultation in May on proposed fee rates for the funds sector, the Jersey Financial Services Commission has announced the following increases from 1 July:
• 12.5% increase to fee rates for Fund Services Businesses (FSB), Alternative Investment Funds (AIF), Collective Investment Fu...
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By Jersey Financial Services Commission on
1 July 2020