Business News Archive

« May 2019

June  2019  (31)

  • BDO and JCAP to host joint event

    BDO coffee briefingBDO Sator and JCAP Treasury Services are hosting their first joint event at the Jersey Museum in St Helier on 2 July at 10am.  The Coffee Break Briefing – Unravelling Jersey's Enhanced Due Diligence and Client Money Requirements – features BDO Jersey Managing Director Helen Hat...     [read more]

    By BDO on  14 June 2019 
  • Crestbridge opens New York office

    Crestbridge logoCorporate services specialist Crestbridge has opened an office in New York, adding to its existing operations in Jersey, London, Bahrain, Cayman and Luxembourg.   The firm says the new office will help it widen access to its services, as well as supporting inward investment into North America a...     [read more]

    By Crestbridge on  14 June 2019 
  • GFSC publishes Q1 investment statistics

    GFSC logoThe Guernsey Financial Services Commission has released statistics for the first quarter of 2019. The highlights are listed below: • Investment funds The net asset value of total funds under management and administration has decreased in sterling terms during the quarter ended 31 March 2019 by...     [read more]

    By Guernsey Financial Services Commission on  14 June 2019 
  • CIFO releases report for 2018

    CIFO logoThe Channel Islands Financial Ombudsman (CIFO), set up in 2015 to resolve complaints about financial services provided in or from the Channel Islands, has released its annual report and accounts for 2018.   • CIFO received 434 new complaints – while this is fewer than the previo...     [read more]

    By CIFO on  14 June 2019 
  • IoD Chair to attend July lunch

    Charlotte Valeur_IoD ChairThe Guernsey branch of the Institute of Directors has announced that IoD Chair Charlotte Valeur (pictured) will share her vision for the organisation at the upcoming July Lunch, and later provide a corporate governance masterclass for members at the IoD Alumni Dinner. The Lunch, entitled IoD 2...     [read more]

    By Black Vanilla on  14 June 2019 
  • Zedra acquires Nordic business

    Zedra logoTrust, corporate and fund services specialist Zedra has announced the acquisition of Interben Trustees in Guernsey.  Zedra says move will significantly enhance its international pension and employee benefits portfolio and give the group an important entry point into the Norwegian, Finnish and ...     [read more]

    By Nacelle on  13 June 2019 
  • Sanne appoints Country Head to lead Singapore business

    David Fowler_SanneAlternative asset and corporate business services firm Sanne has appointed David Fowler to the role of Country Head − Singapore. Based in Singapore, David takes over the role from Valérie Mantot, who moves on to become Head of Business Development, Asia Pacific & Mauritius, for the...     [read more]

    By Liquid on  13 June 2019 
  • JFSC updates AML/CFT Handbook

    JFSC logo Following the Money Laundering (Amendment No.10) (Jersey) Order 2019 coming into effect on 12 June, the Jersey Financial Services Commission has updated its Handbook for the prevention and detection of money laundering and the financing of terrorism for regulated financial services businesses to ref...     [read more]

    By Jersey Financial Services Commission on  13 June 2019 
  • Carey Olsen appoints London Partner

    Richard_Brown_COOffshore law firm Carey Olsen has appointed litigation and insolvency lawyer Richard Brown as a Partner in its London office.   Richard joins from the London office of another offshore law firm, Harneys, where he has served as Counsel for just over a year. He previously worked for Carey Olsen i...     [read more]

    By Carey Olsen on  12 June 2019 
  • Guernsey revises private trust company guidance

    We Are Guernsey logoThe Guernsey Financial Services Commission has published revised guidance on the way that private trust companies (PTCs) – a key structure for private wealth management on the island – are controlled and administered by licensed fiduciaries. The guidance includes outcome-based moves rev...     [read more]

    By We Are Guernsey on  12 June 2019 
  • Crestbridge sets up Luxembourg ManCo in London

    Crestbridge logoCrestbridge has established a branch of its Luxembourg Management Company (ManCo) in London as the business seeks to cement ties between the UK and Luxembourg and secure opportunities post-Brexit.  The move comes after Crestbridge received formal regulatory approval to establish a branch of it...     [read more]

    By Crystal PR on  12 June 2019 
  • Alex Picot announces promotion

    Hannah Roynon-JonesJersey-based Alex Picot Trust Company has promoted Hannah Roynon-Jones to the role of Associate Director. Previously Tax Manager, in her new role Hannah will focus on building her portfolio of private clients while working alongside the three Directors to move Alex Picot Trust Company forward. She...     [read more]

    By Alex Picot Group on  12 June 2019 
  • Redwood hires AML specialist

    Redwood_Paul RobinsonBusiness risk consultancy Redwood Offshore has appointed Paul Robinson as Head of Financial Crime.  Paul will join the firm’s compliance and anti-money laundering consultancy team, advising  businesses in Guernsey most at risk of enabling money laundering – including financial...     [read more]

    By Redwood Offshore on  10 June 2019 
  • PraxisIFM supports renewables fund

    PraxisIFM_Logo2018PraxisIFM is providing fund administration, governance and AIFM support to the Aquila European Renewables Income Fund – a UK-domiciled investment trust investing in renewable energy infrastructure investments across continental Europe and Ireland.  The fund raised €154.3m in its ini...     [read more]

    By PraxisIFM on  10 June 2019 
  • C5 Alliance names new security head

    StaffordSlater_C5Stafford Slater has been appointed Head of Networks and Security at C5 Alliance – a newly created role to develop and grow the firm's security services offering.  Stafford joins C5 after more than 18 years working at JT Group, most recently as Solutions Consultant  with res...     [read more]

    By Orchard PR on  10 June 2019 
  • Smith & Williamson appoints Head of Compliance

    Jayne Button_2019Financial services firm Smith & Williamson International has appointed Jayne Button to the role of Head of Compliance, based in Jersey. Jayne has over 30 years' experience in financial services, including 20 in senior compliance roles. She joins from Redwood Offshore, where she has served a...     [read more]

    By ORCHID on  10 June 2019 
  • Optimus appoints Senior Consultant

    BrettFurse_OptimusBrett Furse has joined the team at Jersey-based financial recruitment firm Optimus Recruitment as a Senior Consultant.  Brett brings to the new role 14 years of knowledge within the digital and technologies sectors, at a time when experience in these industries is in high demand. He joins fro...     [read more]

    By Direct Input on  10 June 2019 
  • Digital Jersey to hold RPA and AI workshops

    DigitalJersey_logo2018Digital Jersey and Deloitte will be holding two two-hour workshops on Wednesday 26 June, focusing on robotic process automation (RPA), artificial intelligence (AI) and contingency planning. RPA and AI are a suite of technologies that organisations are rapidly embracing to increase productivity and ...     [read more]

    By Digital Jersey on  7 June 2019 
  • Sanne appoints new Managing Director

    MalcolmHassan_SanneFinancial services provider Sanne has appointed Malcolm Hassan as its new Managing Director of Business Development and Marketing, based in its London office. An experienced leader in the alternative funds and asset management sector, Malcolm will focus on supporting fund managers with investment s...     [read more]

    By Liquid on  7 June 2019 
  • Estera supports new Guernsey PIF

    Estera logoEstera has provided fund services support to Greensphere Capital’s launch of its second private fund, and will provide ongoing fund administration services.  Greensphere Capital manages a diversified portfolio of sustainable growth companies. As a sustainability investor, it backs compan...     [read more]

    By Estera on  7 June 2019 
  • Former easyJet Director joins Blue Islands board

    Paul Simmons_Blue IslandsBlue Islands has announced that Paul Simmons, former easyJet UK Director and Chief Commercial Officer of Flybe, Malaysia Airlines and Cobalt Air, has joined the Blue Islands board as a Non-Executive Director.  Rob Veron, CEO of Blue Islands, commented: “We’re delighted to welcome P...     [read more]

    By BL Global on  5 June 2019 
  • Carey Olsen advises in Danish acquisition

    careyolsen logo_2017Lawyers from Carey Olsen's corporate team in Guernsey have advised European private equity firm AnaCap Financial Partners on its acquisition of a majority stake in SundhedsGruppen, which consists of Danish private health insurance provider Dansk Sundhedssikring and healthcare networks provider P...     [read more]

    By Agility PR on  5 June 2019 
  • TMF Group rankings rate Jersey third easiest business location

    TMF GroupSome of the world’s largest economies are the most complex and unpredictable places to do business, according to an independent report commissioned by TMF Group. The Global Business Complexity Index, which compares key administrative and compliance demands across 76 jurisdictions, has found t...     [read more]

    By TMF Group on  4 June 2019 
  • Guernsey releases financial stability overview

    Guernsey's economy is showing signs of good health, reports the States of Guernsey this week. Following two years of relatively strong real GDP growth in 2016 and 2017, secondary indicators suggest that growth has continued through 2018 and the first quarter of 2019. However, it appears likely ...     [read more]

    By States Of Guernsey on  4 June 2019 
  • Managed Portfolio Indices reports increased usage

    MPI logo_2019STEP member service Managed Portfolio Indices (MPI) has announced that usage of the indices has increased to more than 200 advice businesses as a result of recent investment in the platform, incorporating new technology at www.mpindices.com.  The MPI service, which is free to STEP members and ...     [read more]

    By Managed Portfolio Indices on  4 June 2019 
  • Deloitte names new Partners

    Siobhan DurcanDeloitte in Jersey has promoted Siobhan Durcan and Theo Brennand to the role of Partner.   Siobhan runs Deloitte’s Channel Islands Real Estate Sector Group and leads on a number of international real estate, private equity, family office and asset management engagements. She works with in...     [read more]

    By Black Vanilla on  3 June 2019 
  • Channel Islands Top 35 Under 35 revealed

    eprivateclientsThis year's Channel Islands Top 35 Under 35 for has been published by eprivateclient. The list, which is considered the definitive list of young private client practitioners, is eligible to all those working in the legal, accountancy, trust and residential property investment industries. A pres...     [read more]

    By BL Global on  3 June 2019 
  • Aztec and Carey Olsen support Inflexion fundraise

    AztecGroup logo 2018Fund and corporate services provider the Aztec Group and offshore law firm Carey Olsen (Guernsey) have supported Inflexion Private Equity Partners with its £1bn double-fundraise.  Domiciled and administered in Guernsey, the two private equity funds, Inflexion Enterprise Fund V and Inflex...     [read more]

    By Aztec on  3 June 2019 
  • Duff & Phelps releases 2019 Global Regulatory Outlook

    GRO_2019Duff & Phelps has released its latest annual Global Regulatory Outlook (GRO) report, which found that London is no longer perceived as the world’s preeminent financial centre by financial sector professionals.  As a result, argues Malin Nilsson (pictured), Channel Islands Managing Di...     [read more]

    By Crystal PR on  3 June 2019 
  • Jersey wins Best IFC in Asia awards

    Wealthbriefing Asia Awards 2019Jersey has, for the second consecutive year, been crowned Best International Finance Centre at the annual WealthBriefingAsia Awards.  The awards, now in their seventh year, were held on Thursday 30 May in Singapore. Showcasing innovation and excellence in 2018/19, the event aims to recognise j...     [read more]

    By Crystal PR on  3 June 2019 
  • Ingram Advocates appoints new Partner

    Danny Le Maistre_ingramJersey law firm Ingram Advocates has appointed Danny Le Maistre as Partner, leading Ingram’s commercial litigation and insolvency practice.  Danny is an Advocate of the Royal Court and has been practising in Jersey for nearly 18 years. Before joining Ingram Advocates, he spent 10 years w...     [read more]

    By Trish Grover on  3 June 2019 

« May 2019

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