Business News Archive

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June  2018  (66)

  • Jersey Finance publishes Asia survey findings

    Jersey Finance lionA survey launched by Jersey Finance in Hong Kong this week finds that Asian investors are in search of transparency in tax and regulatory compliance instead of secrecy. Jersey Finance’s research report, The future for International Financial Centres – Views from Asia’s Wealth Mana...     [read more]

    By Crystal PR on  29 June 2018 
  • Guernsey ILS market outstrips 2017 performance

    We Are Guernsey logoGuernsey has seen a positive start to the year in the insurance linked securities (ILS) market.   Statistics for new cells of protected cell companies (PCCs), the main method of writing new ILS business, are well ahead of those for 2017 to date.   According to industry figures, business fl...     [read more]

    By We Are Guernsey on  28 June 2018 
  • Stonehage Fleming appoints Jersey Partner

    Paul Matthams_StonehageIndependently owned family offices specialist Stonehage Fleming has appointed Paul Matthams as Partner within its Family Office division. Paul joins from offshore law firm Carey Olsen, where he has been a Partner for nearly 20 years, as well as Head of the firm’s Trusts and Private Wealth Gro...     [read more]

    By BL Global on  28 June 2018 
  • Chamber briefing to focus on AI

    Jersey Chamber of Commerce logoThe Jersey Chamber of Commerce has announced a Critical Briefing event in July – 'How artificial intelligence is transforming commerce'. The event, to be held at 8.30am on Tuesday 24 July at The Pomme d'Or Hotel, will bring together a panel of local and international expert speake...     [read more]

    By Jersey Chamber of Commerce on  28 June 2018 
  • Carey Olsen win at The Lawyer Awards

    CO_Lawyer Awards 2018Carey Olsen has been named Offshore Law Firm of the Year at The Lawyer Awards 2018 – a title it also won in 2017.    The Lawyer Awards 2018, held in London this week, brought together more than 1,100 private practice lawyers and senior corporate counsel to celebrate excellence across...     [read more]

    By Carey Olsen on  28 June 2018 
  • PraxisIFM acquires Nerine

    PraxisIFM_Logo2018Channel Island financial services group PraxisIFM has acquired Nerine Trust.   This is the fourth acquisition in two years for PraxisIFM, which will take its headcount to 520 following completion of the deal.   Nerine Trust was established in 1997 and provides private client and corporate ...     [read more]

    By Orchard PR on  27 June 2018 
  • Logicalis announces two promotions

    MarklePage-LogicalisExperienced IT consultants Mark Le Page and Robin Guilbert have been promoted to Professional Services Managers within the Guernsey office of IT solutions and managed services provider Logicalis CI. Mark and Robin will jointly lead the firm’s new Professional Services team, which has been set...     [read more]

    By Direct Input on  27 June 2018 
  • Waves cancels flights

    Waves logoRecently launched Channel Island airline Waves has cancelled its flights and bookings until 1 September. All passengers with bookings during this period will be offered a full refund or the chance to rebook later in the year.  Waves founder Nick Magliocchetti (pictured) said the business woul...     [read more]

    By Waves on  26 June 2018 
  • Chamber Lunch to focus on sport

    Jersey Chamber of Commerce logoJersey Chamber of Commerce has announced details of its July Chamber Lunch, which will be dedicated to corporate sport and the importance of keeping the workforce active. The guest speaker will be Catriona McAllister, CEO of Jersey Sport, who will talk about the new Inspiring an Active Jersey strat...     [read more]

    By Jersey Chamber of Commerce on  26 June 2018 
  • Stenham adds to investment team

    Tracey Walker_StenhamAsset management and private wealth management group Stenham has recruited local investment professional Tracey Walker as Director.  Tracey has more than 20 years’ investment management experience. She joins from RBC Wealth Management, where she has served as Director for almost 10 years...     [read more]

    By Stenham Group on  26 June 2018 
  • Skipton Director broadens role

    Nigel_Pascoe_SkiptonSkipton International has given its Director of Lending, Nigel Pascoe, a broader business development role, to widen the bank's appeal to high-net-worth savers.   As Director of Business Development, Nigel will be responsible for a growing team of mortgage associates and business developmen...     [read more]

    By Direct Input on  26 June 2018 
  • Appleby acts in Lombard sale

    Appleby thumbnail logoAppleby provided Jersey, Guernsey, Isle of Man and Cayman legal advice in connection with the disposal by Lombard, the asset finance division of RBS, on the £150m sale of its offshore Channel Islands division by way of portfolio sale to specialist lenders Investec and Shawbrook Bank.   W...     [read more]

    By Appleby on  25 June 2018 
  • Brexit: a game changer

    Bridget BarkerZedra Executive Director Bridget Barker examines how the relationship between the Channel Islands and the UK may shift after Brexit In a London cab, only recently, the taxi driver complained that things were too quiet. Although there was considerable traffic, his view was that there were fewer peop...     [read more]

    By Bridget Barker on  25 June 2018 
  • IoD Jersey Debate to focus on economy

    IoD LogoThe long-term resilience of Jersey’s economy is to be examined and put to the test at this year’s IoD Jersey Annual Debate. Entitled ‘Is Jersey’s Economic Model Sustainable?’, the event will take place on Thursday 20 September at 5.30pm at the Royal Jersey Agricultural...     [read more]

    By Direct Input on  25 June 2018 
  • Jersey publishes settlement scheme for EU citizens post-Brexit

    States of Jersey logo 2017The Government of Jersey has set out details of a scheme, which will operate from the end of this year, where EU citizens living in the island can register for ‘settled status’, allowing them to continue living and working in Jersey after Brexit. This follows an announcement by UK Immig...     [read more]

    By States of Jersey on  22 June 2018 
  • Citywealth branding awards winners announced

    citywealth logoSeveral Channel Island firms and individuals were named as winners at the Citywealth Brand Management & Reputation Awards in London last night. Running for the third consecutive year, the awards highlight the best brands emerging in a consolidating financial industry. They also recognise the bu...     [read more]

    By Citywealth on  22 June 2018 
  • Ogier advises on £3.9bn UBM deal

    Ogier new logoAn Ogier team led by Global Head of Corporate Simon Dinning has advised UBM on its £3.9bn purchase by Informa – a transaction that brings together two leading business-to-business events organisers. Ogier advised on the Jersey law aspects of the proposed deal, which was conducted by way...     [read more]

    By Ogier on  22 June 2018 
  • Intertrust Guernsey appoints interim MD

    Andrew O’SheaIntertrust Guernsey has appointed Andrew O’Shea with immediate effect as its interim Managing Director, replacing Paul Schreibke, who is retiring after 27 years with the firm. Paul has been with the group since 1991 and has led the Guernsey Intertrust team as Managing Director for the past fi...     [read more]

    By Orchard PR on  21 June 2018 
  • Opinion: Hastings Bass judgment

    Appleby thumbnail logoAppleby gives its views on the Guernsey Court of Appeal's judgment on Hastings Bass Relief this week, on which the law firm acted for the appellant.  On 20 June, the Guernsey Court of Appeal handed down its eagerly awaited judgment in relation to the scope of the so-called rule in Hastings...     [read more]

    By Appleby on  21 June 2018 
  • Active and Optimus to merge

    Active Group Logo-NewTwo Guernsey corporate governance and regulatory compliance service providers – Active Group and Optimus Group – have announced they are to merge. Wayne Bulpitt, founder of Active, and Peter Mills, founder of Optimus, will become joint Chairmen of the enlarged group. “We believe ...     [read more]

    By Active Group on  21 June 2018 
  • Ashburton promotes two to board

    Kim PerkinsAshburton Investments has announced two board-level promotions.  Kim Perkins (pictured far right) has been promoted to Director - People and Development, building on her role as Head of Human Capital (International). She has also been appointed to the board of Ashburton (Jersey).   Meanw...     [read more]

    By Ashburton Investments on  21 June 2018 
  • Alexander Daniels makes senior hire

    Christine Bangor-JonesRecruitment specialist Alexander Daniels Offshore has appointed Christine Bangor-Jones to the role of Senior Recruitment Consultant in its Guernsey office.  Christine has over 17 years’ experience in the UK and local recruitment markets, specialising predominantly in the finance, legal, ...     [read more]

    By Alexander Daniels Offshore on  21 June 2018 
  • Carey Olsen acts in liquidation

    carey olsen logo 2017Carey Olsen has successfully applied to have PwC appointed as joint provisional liquidators over Middle East private equity investment group Abraaj Holdings, amid opposition from certain creditors.    Abraaj Holdings filed an application in the Grand Court of the Cayman Islands seeking the...     [read more]

    By Carey Olsen on  21 June 2018 
  • Appleby reports on offshore insolvency

    Appleby thumbnail logoThe number of insolvency petition filings in offshore jurisdictions rose significantly in 2017 compared with the previous year, according to a report by law firm Appleby.  The firm attributes the rise in large part to increased filings in the British Virgin Islands and Mauritius, which offset ...     [read more]

    By Appleby on  20 June 2018 
  • European VC investment hits 10-year high

    InvestEurope_logoEuropean venture capital investment reached its highest in a decade, with €6.4bn in 2017, according to Invest Europe. Venture capital funds in Europe increased investments into companies of all stages and sizes last year. Seed and early-stage investments grew almost 50 per cent year-on-year, r...     [read more]

    By Invest Europe on  20 June 2018 
  • Intertrust recruits Client Director

    Intertrust- Shervin BineshIntertrust in Jersey has appointed Shervin Binesh as Client Director within its Performance & Reward Management (PRM) team.  Shervin will lead the team in providing trustee and administration services for share plans, deferred compensation plans and pensions and savings plans to large corp...     [read more]

    By Orchard PR on  20 June 2018 
  • New Information Commissioner named

    Dr Jay FedorakThe Office of the Information Commissioner has announced the appointment of Dr Jay Fedorak as Information Commissioner. He will take up the post on 2 July 2018. Dr Fedorak will be responsible for regulating compliance with Jersey’s data protection and freedom of information laws. He will also...     [read more]

    By States of Jersey on  19 June 2018 
  • Bedell Cristin advises on Sky bid

    Bedell Cristin logoLawyers from Bedell Cristin have advised Comcast Corporation on the Jersey regulatory aspects of its bid for Sky, including a successful application for merger approval from the Jersey Competition and Regulatory Authority.  Comcast Corporation is a global media and technology company with two ...     [read more]

    By Crystal PR on  19 June 2018 
  • Hawksford acquires Asian corporate service provider

    Hawksford logoJersey-based corporate, private client and fund administration company Hawksford has acquired People & Projects (P&P), strengthening its presence in Hong Kong and Singapore, and expanding its footprint across major cities in China.  Established in 2007, P&P is a corporate services ...     [read more]

    By Liquid on  18 June 2018 
  • Mourant appoints Senior Associate

    Alex Henderson, MourantMourant Ozannes has appointed Alex Henderson to the role of Senior Associate. Alex has joined Mourant's Jersey team, having been Associate within the London-based private investment funds team of global firm Goodwin Procter.  It marks a return to Mourant Ozannes for Alex – he w...     [read more]

    By Mourant Ozannes on  18 June 2018 
  • New CEO announced at Waves

    Angus PatersonGuernsey-based airline Waves has appointed Gus Paterson as its new Chief Executive Officer for the aviation division of the business.  Gus has more than 18 years of operational and management experience in the aviation industry. Most recently, he was Director of Civil Aviation for the Channel ...     [read more]

    By Waves on  18 June 2018 
  • Logicalis CI hires European manager

    Logicalis_Claire Lloyd-GottardLogicalis CI has appointed Claire Lloyd-Gottard as Channel Manager for European Markets. Based in Jersey, Claire will manage the marketing and sales channels for Logicalis Managed Security Services (MSS) across Europe.   Although headquartered in Jersey, Logicalis MSS is a global network of t...     [read more]

    By Direct Input on  18 June 2018 
  • OTs bid to reverse transparency measures

    IFC Forum logoOverseas Territories are in talks with UK government ministers to reverse the implementation of public registers, according to IFC Forum.  A delegation representing the British Virgin Islands, the Cayman Islands and Bermuda arrived in London this week to begin negotiations over the UK governme...     [read more]

    By Lansons Communications on  14 June 2018 
  • Opinion: CI impact of gig economy ruling

    Ogier new logoA long-running court battle over the 'gig economy' has ended with the UK Supreme Court upholding self-employed workers' rights – and may have knock-on effects in the Channel Islands. According to Ogier Counsel Rachel Richardson and Senior Associate Daniel Read – specialists ...     [read more]

    By Ogier on  14 June 2018 
  • Deloitte announces CI promotion

    Alex Adam DeloitteDeloitte has announced the promotion of Alex Adam to Partner.  In his new role, Alex will continue to lead the firm’s advisory services, growing the firm's offering across the Channel Islands and further afield.   He joined Deloitte’s Guernsey office in 2003 as an au...     [read more]

    By Black Vanilla on  14 June 2018 
  • Canaccord names new Directors

    Jason Robilliard_CanaccordCanaccord Genuity Wealth Management (CGWM) has appointed Michael Caetano (pictured far right) and Jason Robilliard as Investment Directors in its Jersey and Guernsey offices respectively. Taking up the Jersey post, Michael brings more than 20 years' experience to his new role. He has speci...     [read more]

    By ORCHID on  14 June 2018 
  • Private Equity Services Awards announced

    TheDrawdown awards logoSeveral companies with operations in the Channel Islands have been honoured at the inaugural Private Equity Services Awards, held by private equity publication The Drawdown in London this week.   The awards were launched this year to recognise service providers that have demonstrated exceptiona...     [read more]

    By BL Global on  13 June 2018 
  • Zedra appoints Client Director

    Henry Kierulf_ZedraTrust, corporate and fund services company Zedra has appointed Henry Kierulf to the post of Client Director based in Jersey.  Henry is a senior leadership professional with strategic and operational experience including acquisitions and integrations in trust, investments, banking and professio...     [read more]

    By Refinery on  13 June 2018 
  • CI Top 35 Under 35 revealed

    eprivateclientsThe results of the inaugural Top 35 Under 35 Channel Islands listing have been released by eprivatecleint. The list, the end result of nominations from clients in the legal, accountancy, trust and residential property sectors, aims to identify the rising stars within the private client practitioner...     [read more]

    By BL Global on  13 June 2018 
  • Collas Crill advises on London property buy

    Collas Crill has acted alongside Hogan Lovells for TH Real Estate in connection with a £155 million facility for the acquisition and development of 80 Fenchurch Street, prime office property in east London. Acquired by Partners Group, the 14-storey building will comprise 250,272 sq ft net int...     [read more]

    By Collas Crill on  13 June 2018 
  • C5 appoints Chief Operating Officer

    C5_Antony AllenTechnology solutions provider C5 has promoted Antony Allen to the senior group role of Chief Operations Officer.   Antony will be responsible for service delivery at the company, which employs more than 200 people in Jersey and Guernsey. He will lead and support the management team in making op...     [read more]

    By Orchard PR on  12 June 2018 
  • Rathbones seminar to examine disruptive tech

    Rathbones logoRathbone Investment Management International is holding a breakfast event on Wednesday 4 July, which will look at disruptive technologies and their potential impact on economics. The free-to-attend event will be held at the Royal Yacht Hotel, St Helier, from 8am. Announcing the semin...     [read more]

    By Switch Digital on  12 June 2018 
  • Ogier appoints property specialist

    martin-casas_OgierMartín Casas, a property lawyer with extensive experience across jurisdictions including Argentina, Ireland and the UK, has joined Ogier in Guernsey as Senior Associate. Martín joined Ogier from the real estate team of international law firm Eversheds, based in the UK, where he advise...     [read more]

    By Crystal PR on  11 June 2018 
  • Top Trust Company list published

    eprivateclientsEprivateclient, the online publication for private client professionals, has released its 2018 Top Trust Companies list, which features several Channel Island-based operators. Introduced nine years ago, the list surveys 100 trust companies across the UK and Crown Dependencies to determine the major...     [read more]

    By BL Global on  11 June 2018 
  • Digital Jersey signs cryptocurrency MoU

    DigitalJersey_logo2018Digital Jersey has signed a memorandum of understanding with one of the world’s largest cryptocurrency exchanges, Binance.   Under the memorandum, Binance will develop a compliance base and cryptocurrency exchange in Jersey. Digital Jersey will collaborate with Binance to deliver trainin...     [read more]

    By Digital Jersey on  11 June 2018 
  • Ashburton names Jersey MD

    TONY_WILSHIN_AshburtonAshburton Investments has appointed Tony Wilshin to the role of Managing Director of its international business headquarters in Jersey. Tony was made a Director of Ashburton (Jersey) in 2016, taking on responsibility for the strategic management and development of the business's integrated and ...     [read more]

    By Ashburton Investments on  11 June 2018 
  • Chamber announces two June events

    Jersey Chamber of Commerce logoJersey Chamber of Commerce has announced details of two events in June. This week, at 'Hospitality in the Channel Islands and the challenges faced', Julia Hands, Chair and CEO of Hand Picked Hotels, will share her thoughts on the challenges faced by hospitality operators on the islands...     [read more]

    By Jersey Chamber of Commerce on  11 June 2018 
  • Carey Olsen advises on sale of Ipes

    careyolsen logo_2017Lawyers from Carey Olsen in Guernsey and Jersey have advised Silverfleet Capital on the sale of Ipes, a provider of fund administration and other outsourced services in the private equity sector, to Apex Group.   Silverfleet Capital, a pan-European private equity firm, has owned Ipes since acqu...     [read more]

    By Carey Olsen on  11 June 2018 
  • IoD to launch update of Directors guide

    IoD LogoThe Jersey branch of the Institute of Directors is hosting a seminar to launch the fifth edition of a publication setting out the rights, powers, duties, responsibilities, risks, liabilities and limitations of being a Director on the island.   The Guidelines for Jersey Directors was last p...     [read more]

    By Direct Input on  11 June 2018 
  • Businesslife City Edition goes live!

    BL City coverThe first ever City Edition of Businesslife is now available online. The finance industries in the Channel Islands and the City of London have enjoyed a long-standing relationship for decades – and it’s this relationship that the magazine takes an in-depth look at. Focusing on a number...     [read more]

    By BL Global on  8 June 2018 
  • Jersey Finance welcomes think-tank report on value of offshore centres

    Jersey Finance lionJersey Finance has welcomed the publication of a new discussion paper by a leading UK think-tank, which seeks to dispel the myths surrounding international financial centres (IFCs) and calls for a more 'rational debate' around the essential function of IFCs in facilitating global trade and i...     [read more]

    By Crystal PR on  8 June 2018 
  • Record-breaking cyclist to speak at IoD Guernsey Dinner

    Mark BeaumontUltra-endurance athlete and long-distance cyclist Mark Beaumont will share highlights from his world record-breaking adventures when he visits the Bailiwick next month to speak at the Institute of Directors’ (IoD) bi-annual dinner on 4 July. During a decade-long career as an endurance cyclist...     [read more]

    By Black Vanilla on  8 June 2018 
  • New Associate in Bedell Cristin's Litigation team

    Richard HarringtonBedell Cristin has bolstered its Guernsey team through the appointment of Richard Harrington as an Associate in its Litigation team. Richard comes to the firm as an experienced litigator, having regularly advised high-net-worth and ultra-high-net-worth individuals and their representatives on dispu...     [read more]

    By Crystal PR on  8 June 2018 
  • Apex Group acquires Ipes

    ipes logoApex Group, one of the world’s largest fund administrators, and private equity firm Genstar Capital have announced the acquisition of Ipes, a Guernsey-headquartered provider of fund administration and other services to the private equity sector. Adding $165bn in assets under administration to...     [read more]

    By Ipes Group on  6 June 2018 
  • Mourant advises on takeover of AIM-Listed Mytrah Energy

    mourant logo 2018Mourant Ozannes' Guernsey corporate team has advised Raksha Energy Holdings on its successful takeover of AIM-listed Guernsey company Mytrah Energy, in a transaction that values Mytrah at £78.9 million. Mytrah is a large independent power producer in the Indian renewable energy sector, wh...     [read more]

    By Mourant Ozannes on  6 June 2018 
  • Guernsey Electricity appoints new Head of Risk and Compliance

    Rob WinterGuernsey Electricity has appointed Rob Winter as Head of Risk and Compliance. Working for the company since 2016, Rob takes on this new role as head of department, to reduce risks, drive opportunities and deliver a continuous cycle of improvement across the business. Rob’s primary responsibi...     [read more]

    By Liquid on  6 June 2018 
  • New Chairman for Jersey Business

    Andy JehanAndy Jehan has been appointed as Chair of the Board of Jersey Business, succeeding Wendy Lambert who joined Jersey Business as Chair in 2015. Andy has over 37 years’ experience of working in projects, sales and operations for Jersey Post and is currently a Director and Company Secretary at St...     [read more]

    By Jersey Business on  6 June 2018 
  • Pinel Advocates advises Predator Oil & Gas on its IPO

    Pinel AdvocatesPinel Advocates has advised Jersey-based Predator Oil & Gas Holdings on its successful listing on the Main Market of the London Stock Exchange. Pinel Advocates’ team was led by Andrew Pinel and David Yetman. Predator Oil & Gas Holdings has been exploring and developing oil and gas ass...     [read more]

    By Pinel Advocates on  5 June 2018 
  • Oliver Quarmby joins Ogier's Guernsey funds and private equity team

    Oliver QuarmbyOliver Quarmby has joined Ogier's Guernsey investment funds and private equity team as a Managing Associate. Oliver is an English Solicitor and a Member of the Chartered Institute for Securities and Investment, who has experience working in-house and at a regulatory consultancy as well as in pr...     [read more]

    By Ogier on  5 June 2018 
  • Hawksford appoints new Business Development Director

    Danny CurranHawksford has appointed Danny Curran as a corporate Business Development Director. He has over 20 years’ experience in the financial services industry, most recently focussing on clients within the corporate finance and equity capital markets arenas. Based in the UK, Danny will be responsibl...     [read more]

    By Liquid on  5 June 2018 
  • Carey Olsen advises Ultraviolet on blockchain platform ICO

    careyolsen logo_2017Carey Olsen's corporate team in the Cayman Islands has advised the Ultraviolet Foundation on its token generation event with respect to its innovative research and data exchange blockchain platform, Ultraviolet Protocol (UVP). The platform allows teams and individuals to create independent rese...     [read more]

    By Carey Olsen on  5 June 2018 
  • SGG Group acquires Lawson Conner

    SGG logoSGG Group has acquired Lawson Conner, a London-based provider of regulatory infrastructure software and managed compliance services to the global investment industry. The acquisition strengthens SGG’s service offering to institutional clients through the provision of a complete suite of compl...     [read more]

    By First Names Group on  5 June 2018 
  • Julia Hands to discuss hospitality at next Jersey Chamber lunch

    Julia HandsJulia Hands, the Chair and CEO of Hand Picked Hotels, will be the Guest Speaker at the next Jersey Chamber of Commerce lunch event. Taking place at 12.15pm on Wednesday 13th June at L'Horizon Beach Hotel and Spa in St Brelade's Bay, Hands will share her thoughts on 'Hospitality in the C...     [read more]

    By Jersey Chamber of Commerce on  4 June 2018 
  • Carey Olsen breaks into top three for LSE clients

    careyolsen logo_2017Offshore law firm Carey Olsen now ranks third for the number of companies it advises on the London Stock Exchange (LSE) – behind only onshore law firms Slaughter and May (first) and Herbert Smith Freehills (second). The most recent edition of the Corporate Advisers Rankings Guide shows that C...     [read more]

    By Carey Olsen on  2 June 2018 
  • Jersey IoD Chair calls for young professionals

    Gyles Brandreth to Speak at IoD AwardsThe Chair of the Jersey branch of the Institute of Directors (IoD) has called on all islanders to let the outside world know that Jersey is ‘open for business’ and an attractive place for young professionals, as well as students, to come to. Speaking at the organisation’s Annual M...     [read more]

    By Direct Input on  2 June 2018 
  • Jersey crowned Best IFC at WealthBriefing Asia Awards

    WealthBriefing Asia 2018Jersey has been named Best International Finance Centre at the WealthBriefing Asia Awards 2018, underlining the jurisdiction’s reputation as a world-leading international finance centre (IFC). Showcasing ‘best of breed’ providers in the global private banking, wealth management an...     [read more]

    By Crystal PR on  2 June 2018 

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