Business News Archive

« June 2020

July  2020  (34)

  • GFSC releases Q1 investment statistics

    GFSC logoThe 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 ...     [read more]

    By Guernsey Financial Services Commission on  10 July 2020 
  • TISE reports record-breaking H1 despite Covid-19

    TISE logoTISE 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...     [read more]

    By TISE on  10 July 2020 
  • Appleby announces CI promotions

    AndrewWeaver_Appleby_jul20Appleby 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...     [read more]

    By Appleby on  10 July 2020 
  • Collas Crill advises on Blue Islands loan

    CollasCrill LOGO2019Collas 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...     [read more]

    By Collas Crill on  10 July 2020 
  • BDO promotes four in Guernsey

    BDO_Zac DamarellAccountancy 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...     [read more]

    By Orchard PR on  10 July 2020 
  • PAM Awards winners announced

    PAM AwardsPublishing 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...     [read more]

    By PAM Insight on  10 July 2020 
  • Aztec Group announces Jersey appointments

    Paul Watson_AztecFund 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...     [read more]

    By Aztec Group on  9 July 2020 
  • How to... manage a crisis

    BL60_How toSo 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...     [read more]

    By Alexander Garrett on  9 July 2020 
  • GFSC consults on funds' future

    WilliamMason_GFSCThe 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...     [read more]

    By Guernsey Financial Services Commission on  8 July 2020 
  • IQ-EQ names new Client Services Director

    Paul Rogers _IQ-EQ_jul20IQ-EQ has added to its Private Wealth team in Guernsey with the appointment of Paul Rogers, who joins the business as a Client Services Director.  Paul will manage a mixed portfolio of international high- and ultra-high-net-worth clients while driving forward the group’s business develop...     [read more]

    By IQ-EQ on  7 July 2020 
  • Intertrust surveys PE managers

    Intertrust logoNearly 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 ...     [read more]

    By Orchard PR on  7 July 2020 
  • Butterfield appoints client lead

    Mark Forster_Butterfield_jul20Butterfield 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...     [read more]

    By Orchard PR on  7 July 2020 
  • Jersey announces financial support for Blue Islands

    Blue IslandsThe 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...     [read more]

    By Government of Jersey on  6 July 2020 
  • Jersey reports on finance sector resilience in first quarter

    JerseyFinance logo_jul2019Jersey’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 ...     [read more]

    By Crystal PR on  6 July 2020 
  • Dickinson Gleeson makes Partner promotion

    Guillaume-Staal_DickinsonGleeson_jul20Jersey 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 ...     [read more]

    By Dickinson Gleeson on  6 July 2020 
  • Equiom announces Netherlands acquisition

    Equiom logo 2019Equiom 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...     [read more]

    By Equiom on  6 July 2020 
  • Santander International announces senior hire

    Wayne Stanley_Santander_jul20Santander 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...     [read more]

    By leadership writing on  6 July 2020 
  • Rawlinson & Hunter makes executive appointment

    Ciaran O’Neill_R&H_jul20Accountancy 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...     [read more]

    By Rawlinson & Hunter on  6 July 2020 
  • Blacktower and Nova Wealth form funds venture

    NPML logo_jul20Global 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...     [read more]

    By Connective3 on  3 July 2020 
  • RBS International supports ESG-linked credit facility

    RBSI logoRBS 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...     [read more]

    By Crystal PR on  3 July 2020 
  • TISE announces top-level board change

    Charlie Geffen_TISE_jul20The 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...     [read more]

    By TISE on  3 July 2020 
  • Brooks Macdonald launches webinar series

    Brooks Macdonald logoBrooks 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&...     [read more]

    By Crystal PR on  3 July 2020 
  • Talking points: AI, dogs and more

    BL_Talking PointsAI ‘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 – ...     [read more]

    By Alexander Garrett on  3 July 2020 
  • GAT elects new Chair

    Rhona Humphreys_GAT_jul20Rhona 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...     [read more]

    By Guernsey Association of Trustees on  3 July 2020 
  • Deloitte appoints Jersey Director

    Manisha Mukhi_Deloitte_jul20Deloitte 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...     [read more]

    By Black Vanilla on  3 July 2020 
  • PwC announces Guernsey leadership change

    Evelyn Brady_PwCEvelyn 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...     [read more]

    By Crystal PR on  2 July 2020 
  • JTC wins Brooks Macdonald contract

    Jonathan Jennings_JTCJTC 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...     [read more]

    By Crystal PR on  2 July 2020 
  • IoD to hold debate on Guernsey's future

    IoD LogoThe 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...     [read more]

    By Black Vanilla on  2 July 2020 
  • Highvern names new Head of Finance and Technology

    Joseph de la Haye_Highvern_jul20Jersey-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...     [read more]

    By Highvern on  2 July 2020 
  • Ogier announces Guernsey Partner promotions

    bryan-verneuil-smith_ogier_jul20Ogier 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 ...     [read more]

    By Crystal PR on  2 July 2020 
  • JTC finalises Sanne private client acquisition

    JTC Logo 2018JTC 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 ...     [read more]

    By Crystal PR on  1 July 2020 
  • PraxisIFM Hong Kong MD moves back to Guernsey

    Melanie Ison_jun20Thirteen 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...     [read more]

    By Orchard PR on  1 July 2020 
  • Zedra completes acquisition of BNP Paribas Singapore Trust Corporation

    Zedra logoFollowing 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...     [read more]

    By Nacelle on  1 July 2020 
  • JFSC increases fund fees

    JFSC logo 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...     [read more]

    By Jersey Financial Services Commission on  1 July 2020 

« June 2020

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