Business News Archive

« May 2017

June  2017  (63)

  • Carey Olsen advises ADM Capital on $100 million investment fund

    carey olsen logo 2017Carey Olsen’s Guernsey funds team has advised ADM Capital Europe, a London-private equity and investment advisory firm, on the launch of its global agribusiness investment fund, the Cibus fund.   The Cibus fund held its first close of $100 million on 2 May and is targeting a $500 million ...     [read more]

    By Orchard PR on  28 June 2017 
  • Former FBI man tops the bill at Guernsey Insurance Forum

    We Are Guernsey logoDelegates at this year’s Guernsey Insurance Forum in London will hear insights into cyber-risk from the former head of the FBI’s Cyber Division James Trainor (pictured), the event’s keynote speaker. Now serving as Senior Vice President within insurance broker Aon’s Cyber Sol...     [read more]

    By Orchard PR on  28 June 2017 
  • Last chance for Channel Islands Funds Forum discounted tickets!

    CIFFThere are only three more days to take advantage of the discounted rate for this year’s Channel Islands Funds Forum, so delegates are advised to book as soon as possible this week to take advantage of the special price. The event – ‘A Sharper Focus’ – is produced in pa...     [read more]

    By BL Global on  27 June 2017 
  • West Sealand Digital hires Director

    David CrookGuernsey-based West Sealand Digital, part of specialist security company West Sealand International, has appointed David Crook as a Director. He will be based in the island but will work on the company’s projects across the world. David brings 30 years’ experience in the IT and finance ...     [read more]

    By Liquid on  27 June 2017 
  • Capita sells Asset Services for £888 million

    Capita logoCapita has announced the sale of the Capita Asset Services businesses (CAS) to Australian IT services management company Link Administration Holdings for a cash-free, debt-free consideration of £888 million.   The transaction is subject to regulatory and other approvals and is expected to...     [read more]

    By Capita on  26 June 2017 
  • Biggest quarter growth in four years for Guernsey funds sector

    GFSC logoThe Guernsey funds sector enjoyed its biggest growth in four years during the first quarter of 2017.   The latest figures from the Guernsey Financial Services Commission show that the net asset value of funds under management and administration in the island grew by £10.6bn (4.1 per cent)...     [read more]

    By Orchard PR on  26 June 2017 
  • Download the latest issue of BL

    BL51The latest issue of BL magazine is now available online, and leads with the result of the general election in the UK, what it might mean for Brexit negotiations, and its possible impact on the Channel Islands.  Nick Kirby, Editor-in-Chief of BL magazine, says: “When the last issue of the...     [read more]

    By BL Global on  26 June 2017 
  • Carey Olsen advises Pearl Diver Capital on US$500 million fund

    carey olsen logo 2017Lawyers from Carey Olsen’s Guernsey corporate team have advised boutique asset manager Pearl Diver Capital on the establishment of three registered closed-ended funds.   Collectively known as PDC Opportunities Fund VII, the funds are targeting commitments of US$500 million to invest in a ...     [read more]

    By Orchard PR on  26 June 2017 
  • Jersey consults on strengthening judicial independence

    The Department for Community and Constitutional Affairs has initiated a public consultation on strengthening judicial independence and establishing a Judicial and Legal Services Commission.  The consultation, which will remain open until 4 August 2017, can be accessed by clicking here It sets...     [read more]

    By States of Jersey on  26 June 2017 
  • Sanne appoints Head of Fund Services for EMEA

    Sean MurraySanne has named Sean Murray as its new Head Of Fund Services for the EMEA region.  Based in the firm’s Luxembourg office, Sean will take responsibility for the development of the company’s fund services offering, working with the alternative asset product areas in which Sanne speci...     [read more]

    By Liquid on  23 June 2017 
  • EY launches fintech survey

    EY_logo_2017EY has launched a survey to gauge the attitudes of Channel Islands businesses towards fintech and related technology solutions, and how the financial services sector is responding to the disruptors.  According to the EY FinTech Adoption Index, 15.5 per cent of digitally active consumers have u...     [read more]

    By EY on  22 June 2017 
  • Jersey appoints Charity Commissioner

    John MillsThe Assistant Chief Minister, Senator Paul Routier, has named John Mills (pictured) as Jerseys’ first Charity Commissioner. John has had a lengthy public service career in the UK, Hong Kong and Jersey, holding a range of senior positions including as a member of the Prime Minister’...     [read more]

    By States of Jersey on  22 June 2017 
  • Accuro recruits Client Services Director

    Steve-GullyMulti-jurisdictional trust and family office business Accuro has appointed Steve Gully as a Client Services Director in its Jersey business. Steve brings to the firm 22 years of specialist experience working in the private client teams of international trust companies in Jersey. These have include...     [read more]

    By Accuro on  22 June 2017 
  • Guernsey Chamber releases statement on air links

    Guernsey Chamber's breakfast seminar - still places availableThe Guernsey Chamber of Commerce, the Guernsey International Business Association, the Confederation of Guernsey Industry and the Guernsey Institute of Directors – known collectively as the G4 – have issued a statement on the forthcoming Policy and Resources Medium Term Plan: “The...     [read more]

    By Guernsey Chamber of Commerce on  22 June 2017 
  • Citywealth reveals Future Leaders list

    citywealth logoThe Citywealth Future Leaders list for 2017 has been announced, highlighting a range of Channel Islands rising stars. Lawyers • Josephine Howe, Managing Associate, Ogier  • Sevyn Kalsi, Senior Associate, Ogier  • Carol-Ann Le Boutillier, General Counsel, WFO Jersey (private...     [read more]

    By Citywealth on  22 June 2017 
  • Collas Crill lawyer becomes Guernsey Chamber Vice President

    Hana_PlsekCollas Crill Associate Hana Plsek has been voted Vice President of the Chamber of Commerce in Guernsey following its annual general meeting. Hana, who has day-to-day responsibility for the firm's employment and housing practice, represents the Chamber of Commerce on the Disability Discriminatio...     [read more]

    By Collas Crill on  22 June 2017 
  • Sanne appoints Managing Director in New York office

    Fred SteinbergJersey-based Sanne has made a senior appointment in its New York office. Fred Steinberg joins as Managing Director – New York, taking responsibility for the day-to-day operations of Sanne’s New York and Belgrade offices.  He joins from Morgan Stanley in New York, where he was...     [read more]

    By Liquid on  22 June 2017 
  • Jersey Finance highlights key issues in Chinese succession planning

    Jersey Finance lionNew research published by Jersey Finance has identified key challenges facing wealth management practitioners supporting wealthy investors and families in China with their succession planning needs. The thought leadership research, entitled How to service Chinese wealth as it goes global and c...     [read more]

    By Crystal PR on  21 June 2017 
  • Zedra hires Jersey Head of Funds

    Robert Lucas_ZedraZedra has hired a new Head of Funds for Jersey – Robert Lucas. Robert comes to Zedra with more than 16 years’ experience in trust, fund administrators, corporate funds and private equity firms. He previously spent six years at Northern Trust, serving as a Director and leading the real ...     [read more]

    By Nacelle on  21 June 2017 
  • Whitmill teams up with DMS in Netherlands

    Whitmill logoJersey-based financial services firm Whitmill Trust Company has concluded a formal cooperation agreement with DMS (Netherlands), a management services company based in Amsterdam. The mutual cooperation agreement means Whitmill will be able to offer its clients and professional advisers access to th...     [read more]

    By Suzanne le Lay on  21 June 2017 
  • NatWest changes trading name to NatWest International

    Natwest logoAs a result of ringfencing legislation in the UK, RBS International has changed its trading name from NatWest to NatWest International across the Channel Islands, Isle of Man and Gibraltar.  There’s no change to its banking services or how its customers do business with the bank, and tea...     [read more]

    By Crystal PR on  20 June 2017 
  • Collas Crill assists with purchase of Southampton arts complex

    Collas Crill has advised Harborne Holdings on the purchase of an arts complex development within a new cultural quarter in Southampton. The complex comprises 38 homes, seven retail units with cafes and restaurants totalling 20,000 sq ft, as well as a 63,000 sq ft arts centre forming the centrepiece...     [read more]

    By Collas Crill on  20 June 2017 
  • Assistant Chief Minister asked to leave post

    The Chief Minister, Senator Ian Gorst, has decided that Senator Philip Ozouf should not continue to hold the position of Assistant Chief Minister.   Senator Gorst said: “It is disappointing that Senator Ozouf’s reappointment has become an unfortunate cause of diversion from the tas...     [read more]

    By States of Jersey on  20 June 2017 
  • Two lawyers join Benest Corbett Renouf

    Jo GardinerJersey law firm Benest Corbett Renouf has taken on two new lawyers. Joanna Gardiner (pictured top) has joined the litigation department from Ogier, where she has worked as a Senior Associate focusing on private client litigation in the areas of crime, family, personal injury and clinical negligence...     [read more]

    By Benest Corbett Renouf on  20 June 2017 
  • Sancus names new Managing Director

    Matt Watson thAlternative finance provider the Sancus BMS Group has announced that Matt Watson will become its Managing Director on 1 July. Matt is replacing Simon Brown in overseeing the firm's operations in Guernsey, following Simon’s decision to take a career break.  Matt will perform a dual r...     [read more]

    By Sancus on  20 June 2017 
  • Barclays appoints Guernsey Country Manager

    Simon PhillipsSimon Phillips has been appointed Guernsey Country Manager for Barclays. He will take up the post this month, as Ken Bradley leaves, having held the role for the past eight years.   Simon currently manages the captive insurance and family office propositions for Barclays in the Channel Islands....     [read more]

    By Orchard PR on  19 June 2017 
  • Digital Jersey appoints former Chief Minister as Chairman

    Frank WalkerDigital Jersey has announced that Frank Walker, Jersey’s former Chief Minister, will take over as Chair at the end of this month, when current Chair Paul Masterton steps down.    Frank was previously Managing Director of the Guiton Group, a newspaper company that diversified into oth...     [read more]

    By Marcom Collective on  19 June 2017 
  • Citywealth Brand Management & Reputation Awards announced

    citywealth logoA number of Channel Islands firms have been honoured at the recent Citywealth Brand Management & Reputation Awards in London.   Now in their second year, the awards highlight the best brands emerging in a consolidating financial industry. They also recognise the business services function w...     [read more]

    By Citywealth on  19 June 2017 
  • BWCI names new Managing Partner

    Diana SimonBWCI Group has named Diana Simon as as its new Managing Partner, following the business’s decision to divide the Senior Partner and Managing Partner roles.  Stephen Ainsworth, who has performed both roles until now, will continue as Senior Partner. Diana has been a Partner of the firm s...     [read more]

    By BWCI on  19 June 2017 
  • First Names appoints specialist team in Isle of Man

    Grant AtchisonFirst Names Group has appointed a new team in the Isle of Man, which is dedicated to yachting and aviation services.  The team of four is led by Associate Director Grant Atchison and specialises in superyacht and aircraft asset ownership, operational administration and management.  ...     [read more]

    By First Names Group on  15 June 2017 
  • Neon acquires Sapphire Underwriters

    Neon logoLondon-based Lloyd’s Market insurer Neon has reached an agreement to acquire Guernsey-based Sapphire Underwriters from Heritage Group. Sapphire, a Lloyd’s underwriting practice, provides directors & officers, professional indemnity and cyber coverage to UK and local offshore brokers...     [read more]

    By ILM Marketing on  14 June 2017 
  • Collas Crill appoints two Partners

    Mike WilliamsOffshore law firm Collas Crill has appointed Mike Williams and Ian Montgomery as Partners in its corporate and commercial team in Jersey. Both join from Mourant Ozannes, where Mike had worked for more than 14 years and Ian for the past year. Mike is an experienced corporate and banking lawyer. His...     [read more]

    By Collas Crill on  14 June 2017 
  • Jersey seeks feedback from business on Brexit

    The Government of Jersey is inviting businesses on the island to complete an online survey giving their views on Brexit and the potential impact it might have on their sector.  As part of the ongoing Let’s Talk Brexit public engagement campaign, the survey, which will be available until ...     [read more]

    By States of Jersey on  14 June 2017 
  • Mourant Ozannes makes Counsel promotions

    Mourant logo NEWOffshore law firm Mourant Ozannes has promoted 12 lawyers to the role of Counsel across its global network of offices, bringing the total number of Counsel to 31.  Six have been promoted in the firm's Guernsey office, four in Jersey, one in the Cayman Islands and one in Hong Kong. Seven of...     [read more]

    By Mourant Ozannes on  14 June 2017 
  • Who's Who Legal Awards 2017 announced

    Who's Who LegalThe Who's Who Legal Awards 2017, announced in London recently, honoured several law firms with operations in the Channel Islands. Among the Country and State Awards, Carey Olsen took the top award in the Offshore section for Guernsey, while Mourant Ozannes was the winner for Jersey. In ad...     [read more]

    By BL Global on  14 June 2017 
  • PraxisIFM makes Associate Director promotion

    Caron WallaceCaron Wallace, a senior audit manager with almost 30 years’ industry experience in financial services, has been promoted to Associate Director at PraxisIFM, based in Jersey. Caron joined the firm in 2012 and will focus her attention on risk and regulatory changes. She will oversee the intern...     [read more]

    By Liquid on  13 June 2017 
  • Intertrust appoints new Global Head of Private Wealth

    Ian RumensIntertrust has announced the appointment of Ian Rumens as Global Head of Private Wealth Services, based in the Jersey office.   Ian has been part of Intertrust's private wealth team, serving as Director, since the acquisition of Elian in 2016. He joined Elian in 2009 from Ogier, prior to w...     [read more]

    By Orchard PR on  13 June 2017 
  • Salamanca Trust & Fiduciary rebrands as Accuro

    Accuro logoSalamanca Trust & Fiduciary has launched a new brand and identity as Accuro, following the completion of its management buyout announced in March. The business will continue to be led by Xavier Isaac, Chief Executive Officer (pictured), and the existing management team. Accuro – whi...     [read more]

    By Accuro on  13 June 2017 
  • Marcom opens London branch

    Marcom LondonJersey-based communications agency Marcom has established a new branch in London.  As the creative arm of the firm, based in the City, Marcom London will provide a range of design services. Led by Managing Director and Creative Strategist Tharindu Elkin (pictured), and supported by in-house D...     [read more]

    12 June 2017 
  • JFSC offers out-of-hours service for meeting Beneficial Ownership deadline

    JFSC logo The Jersey Financial Services Commission (JFSC) is offering extra assistance to Jersey-registered companies to ensure they fulfil their requirements for submitting Beneficial Ownership and Control information to meet the UK government’s deadline. Jersey-registered companies have until 30 June...     [read more]

    By Jersey Financial Services Commission on  12 June 2017 
  • Ombudsman set to name finance firms involved in complaints

    ombudsmanThe names of finance firms involved in complaints settled by the Channel Islands Financial Ombudsman will be made public from the beginning of next year, according to a report in Business Brief. The ombudsman’s annual report states that during 2016, the first full year of operation, the ombud...     [read more]

    By Business Brief on  12 June 2017 
  • Appleby names new Partner

    Alison MacKrillAppleby has named Alison MacKrill as a new Partner in the law firm’s Guernsey-based private clients and trusts team. Alison has extensive experience advising clients in offshore jurisdictions. She joins Appleby after working in Guernsey for the past 14 years, most recently as Senior Asso...     [read more]

    By BL Global on  12 June 2017 
  • Islands respond to UK general election

    UK electionChannel Islands government and businesses have issued their responses to yesterday’s general election in the UK, which has resulted in a hung Parliament. Jersey Chamber of Commerce During this period of uncertainty that a hung parliament produces, the Jersey Chamber of Commerce would call up...     [read more]

    By BL Global on  9 June 2017 
  • GFSC releases 2016 Annual Report

    GFSC logoThe Guernsey Financial Services Commission has published its 2016 annual report and financial statements. The report highlights the GFSC’s policy work in 2016, including the launch of the Manager Led Product and the Private Investment Fund regimes. The Commission was also asked by the States...     [read more]

    By Guernsey Financial Services Commission on  9 June 2017 
  • Private Banker award winners announced

    PBIPrivate Banker International (PBI) has revealed the winners for the fourth annual Private Banker International Awards.  The awards, presented in London on Thursday evening, celebrate the best among the private banks serving wealthy clients across the UK and Europe.  Among the winners bas...     [read more]

    By BL Global on  9 June 2017 
  • Deloitte appoints new Partner in Jersey office

    Martin RowleyMartin Rowley has joined Deloitte’s Channel Islands practice as the leader of the Jersey tax team. With 25 years of international tax experience – 20 of them in legal practice – Martin joined Deloitte in 2012. He is currently a Tax Partner in its US Business Tax Group in London, a...     [read more]

    By Black Vanilla on  8 June 2017 
  • Jersey signs up to OECD convention on preventing BEPS

    Ian GorstThe Chief Minister of Jersey, Senator Ian Gorst, has joined representatives of more than 60 jurisdictions at the OECD headquarters in Paris for the signing of a multilateral convention to implement tax treaty-related measures to prevent base erosion and profit shifting (BEPS). The multilateral inst...     [read more]

    By States of Jersey on  8 June 2017 
  • JFSC publishes 2016 Annual Report

    JFSC logo The Jersey Financial Services Commission (JFSC) has published its Annual Report and financial statements for 2016. The report documents the JFSC’s performance against its strategic objectives, which in 2016 focused on facilitating access to international financial markets for Jersey, matching...     [read more]

    By Crystal PR on  8 June 2017 
  • Skipton International named Best Offshore Account Provider

    Skiption Int logoSkipton International won the Best Offshore Account provider category at the 2017 Moneyfacts Awards, which was held on Tuesday in London.   This is the second year running that Skipton has won this category at the Moneyfacts Awards, which are decided following an assessment of personal finance ...     [read more]

    By Direct Input on  8 June 2017 
  • IQE becomes first Isle of Man member of TISE

    TISE logoIsle of Man-based IQE Securities Sponsor Services has been approved as a listing member of The International Stock Exchange (TISE).   IQE Securities Sponsor Services, a wholly owned subsidiary of international fiduciary services provider IQE, is the first Isle of Man company to become a member ...     [read more]

    By TISE on  7 June 2017 
  • Deutsche Bank makes double COO appointment in Channel Islands

    Jackie FootDeutsche Bank has appointed Simon Stormer as Channel Islands Chief Operating Officer (COO) and Jackie Foot as COO for Wealth Management. The appointments follow the bank’s decision earlier this year to split its regional COO responsibilities to align with its group management model. As a resu...     [read more]

    By Crystal PR on  7 June 2017 
  • Ashburton Investments hires global equity research head

    Robert LeaAshburton Investments, the investment management arm of the FirstRand Group, has appointed Robert Lea (pictured) as Head of Global Equity Research, leading the firm’s newly created global equity research team in Jersey. Jonathan Aldrich-Blake is moving to the join him from his current role as...     [read more]

    By Crystal PR on  7 June 2017 
  • JTC Fund Services launches Guernsey ManCo

    New JTC logoJTC Fund Services has established a Guernsey-licensed management company (ManCo) to support fund managers with a range of services, including portfolio management, risk management, compliance and regulatory reporting. The move means JTC is now able to offer Alternative Investment Fund Managers Dire...     [read more]

    By Crystal PR on  7 June 2017 
  • 2016: Another strong year for JT

    JT logoJT Group has published its Annual Review for 2016, showing a 14 per cent increase in operating profit on the previous year.  Gross profit rose by one per cent to £90.7 million, which JT attributes mainly to its international machine-to-machine business that enables communication between ...     [read more]

    By Direct Input on  6 June 2017 
  • Estera acquires Heritage Financial Services

    Estera logoGlobal fiduciary and administration provider, Estera, has acquired the Heritage Financial Services Group (HFSG), an independent business providing third-party fund administration, depositary, trust and corporate services in Guernsey, the UK and Malta. The transaction was finalised on Monday 5 June ...     [read more]

    By Liquid on  6 June 2017 
  • HSBC adds to risk capabilities with senior appointment

    Bradley BismarkHSBC in the Channel Islands and Isle of Man has created a new role within its compliance function, naming Bradley Bismark as its Head of Financial Crime Compliance (FCC). In this Jersey-based role, Bradley has taken on responsibility for the financial crime risk function, helping the bank detect an...     [read more]

    By Crystal PR on  6 June 2017 
  • IoD Jersey Chair calls for ‘stable and consistent policy’

    IoD LogoThe Chair of the Jersey branch of the Institute of Directors (IoD) has called on Jersey’s government to focus on delivering stable and consistent policy against a backdrop of significant external and internal risks, and in the run-up to the island’s general election next year. Speaking ...     [read more]

    By Crystal PR on  5 June 2017 
  • Mourant Ozannes advises on CVC fundraising

    Mourant logo NEWMourant Ozannes, working alongside lead Counsel Simpson Thacher & Bartlett, has advised private equity and investment advisory firm CVC Capital Partners on the launch of its seventh flagship fund for private equity investment in Europe and North America – CVC Capital Partners VII.   ...     [read more]

    By Mourant Ozannes on  2 June 2017 
  • Sinels appoints Jersey Partners

    Robin LeeuwenburgLaw firm Sinels has made two Partner appointments within its Jersey team – Advocate Robin Leeuwenburg and Advocate Steven Chiddicks. Robin (pictured), a litigation specialist in complex commercial, trust and financial services cases, has worked in Jersey since 2008 and joins Sinels from Benes...     [read more]

    By Sinels on  2 June 2017 
  • WDF event to focus on career planning

    WDF logoThe importance of having a career action plan and the key points to consider when creating your own plan will be the focus of the next Women’s Development Forum meeting, Women Fast Forward – Next steps on your career action plan.  The event will take place on Tuesday 13 June from 1...     [read more]

    By WDF on  1 June 2017 
  • States of Guernsey announces £24.9 million surplus

    The States of Guernsey has reported a £24.9 million surplus in public finances recorded last year. The 2016 States of Guernsey Accounts detail a significant improvement on earlier indications that a combination of lower than anticipated revenues and higher expenditure would result in a d...     [read more]

    By States Of Guernsey on  1 June 2017 
  • EY highlights work still to be done on FATCA and CRS

    EY logoLocal businesses need to make sure they are prepared ahead of the 30 June reporting deadline or risk penalties for non-compliance, delegates heard at a recent EY tax transparency update seminar.  EY Senior Tax Manager Lisa McCleane, one of the speakers, looked at the impact of the OECD’s...     [read more]

    By EY on  1 June 2017 
  • Comsure briefing looks at GDPR’s impact on fintech, regtech and digital marketing

    Comsure logoRisk consultancy Comsure is holding a session next week to inform local businesses of the changes that will affect fintech, regtech and digital marketing when GDPR legislation is implemented next year. The session, supported by the Digital Jersey Hub, aims increase awareness of the need to maintain...     [read more]

    By Digital Jersey on  1 June 2017 

« May 2017

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