Business News Archive

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June  2019  (58)

  • Talking points: eggs, babies and more

    BL_Talking PointsEgg-regious consequences Go to work on an egg? Yes, but perhaps not every day. The healthiness or otherwise of eggs has long been a source of debate. Now new US research, carried out among almost 30,000 consumers and published in the Journal of the American Medical Association, has found that adults...     [read more]

    By Alexander Garrett on  28 June 2019 
  • Guernsey gains insurance regulation approval

    We Are Guernsey logoRegulation of Guernsey’s insurance industry is meeting current international standards, according to a report published by the International Association of Insurance Supervisors (IAIS).   The report says Guernsey has 'a high level of observance of current international standards'....     [read more]

    By We Are Guernsey on  27 June 2019 
  • Carey Olsen adds to Jersey finance team

    Stephen_Gie_CareyOlsenOffshore law firm Carey Olsen has appointed Stephen Gie as a Senior Associate within its banking and finance practice in Jersey.   Stephen was admitted as an Attorney of the High Court of South Africa in 2003 and has a broad range of experience of advising on corporate, banking and finance matt...     [read more]

    By Carey Olsen on  27 June 2019 
  • Collas Crill acts in Guernsey hotel deal

    CollasCrill LOGO2019Collas Crill’s Guernsey office has helped secure the lease agreement between Premier Inn and Comprop to start the construction and development of the hotel chain’s first property on the island.   Jason Green, Partner and head of the firm's Guernsey property team, has been worki...     [read more]

    By Black Vanilla on  27 June 2019 
  • CIISF to hold crisis communications seminar

    CIISF logoThe Channel Islands Information Security Forum (CIISF) has announced details of its July Guernsey lunchtime seminar, Cyber Security Crisis Communications, which will be held on 3 July at the Digital Greenhouse, St Peter Port. Guest speaker Nichole Culverwell (pictured), Director of PR agency Black ...     [read more]

    By KPMG on  27 June 2019 
  • Ogier wins at The Lawyer Awards

    Ogier logo_official_jul19Ogier has been named Offshore Law Firm of the Year at The Lawyer Awards 2019, held in London this week. The award is the third time Ogier has been named Best Offshore Law Firm this year, having won the offshore categories at the WealthBriefing European Awards in April and the Legal Business Awards ...     [read more]

    By Ogier on  27 June 2019 
  • Appleby reports on winding up orders

    Appleby thumbnail logoThe total number of winding up petition filings in offshore jurisdictions dropped by more than a third in 2018 compared with the previous year, with early signs that 2019 will continue this trend, according to a report from offshore law firm Appleby.  The firm’s report, Offshore Corporat...     [read more]

    By Appleby on  26 June 2019 
  • Bedell Cristin advises on Guernsey acquisition financing

    BedellCristin logo 2019Offshore law firm Bedell Cristin has advised RBS International in connection with finance made available to the Channel Islands Property Fund.   The team provided Guernsey and Jersey law advice in connection with the financing of the acquisition by the fund of Royal Bank Place, one of Guernsey&...     [read more]

    By Orchard PR on  26 June 2019 
  • Calligo ranked in top 100 MSPs

    calligo-logo 2018Global data optimisation and privacy specialist Calligo has been ranked in the top 100 of the world’s managed service providers (MSPs) as part of the annual Channel Futures MSP 501 rankings. Calligo, based in Jersey and with operations across Canada, US and Europe, was recognised for its inno...     [read more]

    By Calligo on  26 June 2019 
  • Guernsey releases private capital research findings

    We Are Guernsey logoPrivate capital is growing in significance as a source of funds for private equity funds, new research carried out by Guernsey Finance has revealed.   The PE industry, particularly smaller, boutique and specialist managers, are taking advantage of the huge growth of private capital over the dec...     [read more]

    By We Are Guernsey on  25 June 2019 
  • Comment: The City offshore

    BL_City Edition_comment illoAs the Square Mile enters uncharted Brexit territory, the Channel Islands can offer the strong and stable environment it’s looking for to keep the wheels of business turning. Dominic Wheatley (pictured right), CEO of Guernsey Finance, and Joe Moynihan (pictured below), CEO of Jersey Finance, s...     [read more]

    By BL Global on  24 June 2019 
  • Collas Crill Jersey appoints Head of Conveyancing

    GavinRenault_CollasCollas Crill has named Gavin Renault as its new Head of Conveyancing within its Jersey office.  Gavin joins from Mourant, where he has spent almost 10 years, the past five as Head of Property Jersey.  He has over 40 years’ experience in Jersey property law and has managed numerous ...     [read more]

    By Black Vanilla on  24 June 2019 
  • Guernsey HSBC leader in top 50 ranking

    Carrie Ng_HSBCCarrie Ng, Head of Commercial Banking at HSBC in Guernsey, has been recognised for her expertise, leadership skills and international experience in the EMpower Top 50 Future Leaders list. EMpower lists, published in partnership with membership organisation INvolve, feature 100 executives and 50 fut...     [read more]

    By Crystal PR on  24 June 2019 
  • Businesslife 2019 City Edition now online

    BLCityEdition_coverFollowing the success of our inaugural City Edition last year, Businesslife’s 2019 City Edition is now available online.  This special annual issue highlights the vision, intellect and expertise that businesses across the Channel Islands have to offer and the strong ties they hold with t...     [read more]

    By BL Global on  24 June 2019 
  • Hawksford appoints Private Client Services Director

    AliceQuek_HawksfordJersey-based financial services business Hawksford has appointed Alice Quek as a Private Client Services Director, based in Singapore. Alice has more than 15 years of experience in the banking and fiduciary services sectors across Asia. With a primary focus on developing and building relations...     [read more]

    By Liquid on  24 June 2019 
  • The Juggling King adds to board of directors

    Robert Shepherd_JugglingGuernsey rum company The Juggling King has added Mourant Ozannes Partner David Shephers to its board of directors.    Robert brings with him wide experience of corporate and fiduciary matters during a 30-year litigation career. He moved from Clifford Chance to Mourant Ozannes in 1999. Wit...     [read more]

    By Black Vanilla on  24 June 2019 
  • Citywealth brand awards winners 2019

    citywealth logoThe Citywealth Brand Management & Reputation Awards took place last night at The Grosvenor House, Park Lane, London. Running for the fourth consecutive year, these awards were created to highlight the best brands emerging in a consolidating financial industry. They also recognise the ever impor...     [read more]

    By Citywealth on  20 June 2019 
  • Ogier announces Jersey promotions

    RichardLaignel_OgierPrivate wealth specialist Richard Laignel has been promoted to Managing Associate at Ogier.   Richard joined Ogier from Bedell Cristin two years ago. He advises a wide range of professional trustees, intermediaries, family offices and private clients on the establishment, operation and restruct...     [read more]

    By Crystal PR on  19 June 2019 
  • Islands announce plans to set up ownership registers

    Beneficial ownership thThe governments of Jersey, Guernsey and the Isle of Man have announced a series of steps regarding each jurisdiction’s central register of beneficial ownership information of companies and how they will move towards developing international standards of accessibility and transparency in the co...     [read more]

    By BL Global on  19 June 2019 
  • Kendrick Rose highlights holiday deficit

    KendrickRose logoMore than 90% of islanders think Jersey workers should get more statutory leave, according to a survey by executive recruitment specialist Kendrick Rose.  The legal minimum holiday entitlement for full-time workers in the island is currently two weeks, plus eight or nine days of bank and publi...     [read more]

    By leadership writing on  19 June 2019 
  • Deloitte makes senior appointments

    Kathryn WIntle_DeloitteDeloitte has promoted Kathryn Wintle to the role of Director, and appointed Harry Lawson as Senior Manager, within its tax team in Jersey.   Kathryn joined Deloitte in 2003 and has been promoted to Director with day-to-day client and market responsibility for managing the Jersey tax practi...     [read more]

    By Black Vanilla on  18 June 2019 
  • Nedbank Private Wealth announces top-level hire

    John Williams_NedbankNedbank Private Wealth, based in the Isle of Man but with operations in Jersey, has appointed John Williams as Head of Wealth Planning for the international business.   Based in London, John will work with high-net-worth families and their advisers to ensure they have a clear financia...     [read more]

    By Isle of Man Advertising & PR on  18 June 2019 
  • Intertrust acquires technology firm

    Intertrust logoIntertrust has announced the acquisition of Viteos, a provider of technology solutions for US funds, from PPC Enterprises, FiveW Capital (an affiliate of 22C Capital) and Viteos management. Viteos provides end-to-end middle and back-office administration for top-tier hedge funds, private equity, re...     [read more]

    By Intertrust on  18 June 2019 
  • Sionic Advisors merges with Catalyst Development

    Sionic logoFinancial services specialist Catalyst Development and global consulting firm Sionic Advisors, which has offices in Jersey, have merged under the Sionic brand. The firms’ merger was first announced in April, a year after Catalyst’s acquisition of asset and wealth management specialists ...     [read more]

    By Sionic on  18 June 2019 
  • SMP Group MBO gains regulatory approval

    SMP logoFollowing the announcement of a management buyout in February, financial services group SMP has confirmed that it has secured all necessary regulatory approvals and completed the buyout.  This has involved approval from seven different financial services regulators across the world &ndash...     [read more]

    By Isle of Man Advertising & PR on  17 June 2019 
  • Private banking awards presented

    PBI awardsKleinwort Hambros was awarded Outstanding Private Bank – UK Crown Dependencies at Private Banker International's London Awards last week. The award is one of several celebrating the best private banks, wealth managers and vendors in the UK and Europe. Other winners from organisation...     [read more]

    By BL Global on  17 June 2019 
  • 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  17 June 2019 
  • Carey Olsen acts in Sainsbury's deal

    carey olsen logo 2017Lawyers from Carey Olsen's corporate team in Jersey have advised Realty Income Corporation (Realty) on the acquisition of 12 Sainsbury's superstores from British Land.   The recently completed £429m deal is Realty's first international real estate acquisition.   Working a...     [read more]

    By Carey Olsen on  17 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  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 

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