Business News Archive

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March  2018  (61)

  • IoD seminar to tackle Guernsey air links

    IoD LogoThe Institute of Directors' winter seminar series will conclude on Friday 13 April by examining Guernsey’s air links. The subject was last discussed by the IoD in 2016, not long after the regulator had raised concerns about the Blue Islands/Flybe franchise agreement on inter-island routes...     [read more]

    By Direct Input on  29 March 2018 
  • BDO Greenlight appoints consultant

    BDO Alexis Halliday-SantosBDO Greenlight has appointed Alexis Halliday-Santos as a consultant to work on operational improvement change projects.  Alexis brings to the new role more than 10 years’ experience in human resources and managing change in the public sector. Most recently, she has worked within the Stat...     [read more]

    By Direct Input on  29 March 2018 
  • Estera announces senior promotion

    Karen Benest, EsteraFinancial services provider Estera has appointed Karen Benest to the newly created role of Group Operations Director.    Karen, based in Jersey, will work alongside Chief Operating Officer Richard Gaskin to deliver strategic and operational change within the group, ensure service delivery,...     [read more]

    By Isle of Man Advertising & PR on  29 March 2018 
  • Parslows acts in Jersey Post investment

    Parslowslogo_2018Parslows International has acted for the Jersey Post Group in its latest cross-border transaction, with the recent completion of Jesey Post's investment in parcel delivery service firm Parcel Monkey. DLA Piper acted for Parcel Monkey on the transaction. This is the latest in Jersey P...     [read more]

    By Parslows on  29 March 2018 
  • Carey Group makes board appointments

    Carey_Sandra LawrenceGuernsey corporate services provider Carey Group has appointed two members to the boards for Carey Commercial and Carey Trustees.  They include funds specialist Mark Vidamour, who was recently promoted from Client Director to Head of Fund Services within the organisation, and Sandra Lawrence, ...     [read more]

    By Lucid on  28 March 2018 
  • Jersey rises in Global Financial Centres Index rankings

    GFCI logoJersey has risen one place in the rankings of the latest Global Financial Centres Index (GFCI 23) – taking it to number 39 and maintaining its position as a Western European Top 15 centre. Guernsey, meanwhile, has dropped 12 places to 53. The index, compiled by London-based thinktan...     [read more]

    By BL Global on  28 March 2018 
  • CI manager named in Top 30 Under 30 list

    ScottGoodrumJersey-based Brooks Macdonald Investment Manager Scott Goodrum has been named in the latest Top 30 Under 30: Class of 2018 list.  The list, published annually by Citywire, aims to identify rising stars around the UK private client investment management industry.  In qualifying ...     [read more]

    By Crystal PR on  28 March 2018 
  • Ogier advises TruFin on IPO and listing

    Ogier new logoOgier has advised fintech and banking business TruFin on its IPO and admission to the Alternative Investment Market (AIM). TruFin conducted a successful conditional placing and subscription of shares to raise gross proceeds of approximately £70 million. Trading commenced on 21 February. TruF...     [read more]

    By Ogier on  28 March 2018 
  • TISE launches UCITS brochure

    TISE logoThe International Stock Exchange (TISE) has published a brochure demonstrating that a TISE listing can facilitate greater investment from UCITS funds. In a statement, it said: "We have researched the way in which UCITS funds established in all EEA jurisdictions can invest into TISE-listed prod...     [read more]

    By TISE on  28 March 2018 
  • Santander makes senior appointments

    SteveDubberleySantander International has appointed Estelle Armour as Head of Mortgage Sales and Steven Dubberley as Relationship Director, both based in Jersey.  Estelle's responsibilities include product design, customer experience and working on mortgage sales strategy and processes.  With more...     [read more]

    By Refinery on  27 March 2018 
  • Standard Bank reports strong 2017

    Standard Bank logoStandard Bank Wealth International, which is headquartered in Jersey and has offices in the Isle of Man and Mauritius, has announced a positive set of results for 2017.   Standard Bank Wealth International's earnings stood at £36.8 million for the full year, a 32 per cent increase on ...     [read more]

    By Direct Input on  27 March 2018 
  • NEDs told: 'Best form of defence is defence'

    Adam McElroyAdam McElroy, Deloitte UK Lead for Identity & Access in Financial Services, spoke to NEDs at the recent Channel Islands NEDs Forum. His session introduced the audience to the cyber landscape, advised NEDs on personal cyber security consequences and armed attendees with critical information to ta...     [read more]

    By Black Vanilla on  27 March 2018 
  • Chamber Lunches announced

    Jersey Chamber of Commerce logoThe Jersey Chamber Commerce has released details of its upcoming Chamber Lunches. Its April event, to be held at the Royal Yacht on Wednesday 18 April, will be dedicated to Jersey's upcoming general election on 16 May. On release of the full list of electoral candidates on Friday 13 April, Cham...     [read more]

    By Jersey Chamber of Commerce on  27 March 2018 
  • Shortlist for IoD Jersey Director of the Year announced

    Gyles Brandreth to Speak at IoD AwardsThe Jersey branch of the Institute of Directors (IoD) has announced a 25-strong shortlist of individuals for the ninth annual search to find the top leaders across Jersey’s private, public and voluntary sectors. The winners of the 2018 Jersey Director of the Year Awards will be announced at a...     [read more]

    By Crystal PR on  23 March 2018 
  • Jersey pair make PAM Top 40

    Jonathan MynesTwo Jersey-based finance professionals have been highlighted in the recently published PAM Top 40 Under 40: • Jonathan Mynes (pictured), Head of Adviser Solution, Brooks Macdonald • Tom Lovell, Investment Director, Rathbones Published by PAM Insight, a provider of news, analysis and data...     [read more]

    By BL Global on  23 March 2018 
  • Opinion: Electric vehicles – the calm before the storm?

    ChristopherScholefield_illoChristopher Scholefield, Partner at Viberts in Jersey, looks at some of the legal implications of what may be the biggest shake-up of transport in the Channel Islands for decades. Illustration by Thinus Slabber Head north to England, buy an electric car, and the government will give you a £4,...     [read more]

    By Christopher Scholefield on  23 March 2018 
  • Sanne announces results and senior appointments

    Sanne logoAlternative asset and corporate administration services provider Sanne has announced its results for the year ended 31 December 2017. • Group revenue increased 77 per cent to £113.2m (2016: £63.8m) • Underlying operating profit increased 76 per cent to £38.8m (2016: &poun...     [read more]

    By Le Gallais & Luce on  22 March 2018 
  • Digital Jersey to hold GDPR marketing event

    Digital Jersey logoDigital Jersey is holding a GDPR seminar – Practical Steps for Digital Marketing – which will explain how the GDPR and the new local legislation will affect small digital businesses from a marketing perspective.  The event aims to provide practical steps for businesses to begin wor...     [read more]

    By Digital Jersey on  20 March 2018 
  • Guernsey Private Investment Fund updated

    We Are Guernsey logoChanges are being made to Guernsey’s Private Investment Fund (PIF) regime following a one-year review by the Guernsey Financial Services Commission (GFSC). The move is expected to improve the take-up of the product, which was launched in November 2016. The GFSC has amended the PIF rules and ...     [read more]

    By Orchard PR on  20 March 2018 
  • Vistra acquires Irish business Canyon

    Vistra Logo Oct 15Corporate services provider Vistra has announced the acquisition of Canyon CTS, a boutique capital markets corporate and trust business headquartered in Shannon, Ireland, which also has offices in Dublin and New York.  The acquisition boosts Vistra’s presence in Ireland significantly, ha...     [read more]

    By Nacelle on  20 March 2018 
  • Brooks Macdonald reports on new business

    Brooks Macdonald logoThe Channel Islands subsidiary of investment manager Brooks Macdonald has reported an increase in net new business and is making a good contribution to the group’s overall performance, according to the firm’s financial report for the six-month period ending 31 December 2017. The report ...     [read more]

    By Crystal PR on  20 March 2018 
  • Private equity drives Jersey funds to record levels

    Jersey Finance lionThe value of regulated funds administered in Jersey rose to a record level of almost £300bn at the end of 2017, driven primarily by a rise in private equity business.  According to the latest figures collated by the Jersey Financial Services Commission, and published by Jersey Finance, i...     [read more]

    By Crystal PR on  20 March 2018 
  • Alter Domus names new Luxembourg MD

    Antonis AnastasiouJersey-based fund and corporate services provider Alter Domus has named Antonis Anastasiou as Managing Director and Conducting Officer of its new Luxembourg business, Alter Domus Management Company, which was formed after the acquisition of Luxembourg Fund Partners in December. Antonis will be resp...     [read more]

    By Alter Domus on  19 March 2018 
  • Sigma and Cactus team up on cyber security

    Sigma logoLocal IT specialists Sigma and Cactus have joined forces to offer a new approach to cyber security.  Their White Cloud Trust Lockdown solution, based in the Channel Islands and available globally, provides access to patented cyber security software to businesses of all sizes.  Mark Trenc...     [read more]

    By ORCHID on  19 March 2018 
  • Bedell Cristin promotes two lawyers

    GuyWestmacott_2018 thBedell Cristin has appointed two Senior Associates – Guy Westmacott in Jersey (pictured far right) and Lee Osborne in Guernsey – to the newly created role of Managing Associate. Guy has been with the law firm in its Jersey office since May 2016. He specialises in corporate and commercia...     [read more]

    By Crystal PR on  15 March 2018 
  • Carey Olsen advises in app sale

    carey olsen logo 2017Lawyers from Carey Olsen's corporate and finance practice in the Cayman Islands have advised Brazilian ride-sharing application 99 on its sale to Chinese ride-sharing, artificial intelligence and technology conglomerate Didi Chuxing.   The deal, which values 99 at more than US$1bn, comes a ...     [read more]

    By Carey Olsen on  15 March 2018 
  • Crestbridge acquires Kingfisher Property

    Crestbridge logoJersey-based corporate services provider Crestbridge has announced the acquisition of Kingfisher Property in London.   With all the necessary regulatory consents having been received from the Financial Conduct Authority, Crestbridge says it is progressing with plans to bring the two firms toge...     [read more]

    By BL Global on  14 March 2018 
  • Butterfield Trust appoints Vice President, Wealth Structuring

    Daniel Bisson_ButterfieldDaniel Bisson has been appointed Vice President, Wealth Structuring at Butterfield Trust. Daniel will be based in Guernsey and will focus on business development in the Americas. He brings with him more than a decade of senior-level experience in the wealth management sector, including in  Be...     [read more]

    By Liquid on  14 March 2018 
  • Hawksford makes senior promotions

    Cordelia MillerHawksford in Jersey has made four senior promotions – Sarah Locker to Associate Director; and Wendy Inns, Vicky Mills and Cordelia Miller to Director.   Sarah has been with Hawksford as a Solicitor and Trust Manager since 2001 and has considerable experience representing clients with var...     [read more]

    By Liquid on  14 March 2018 
  • JDPA to hold GDPR event

    JDPA logoThe Jersey Data Protection Association (JDPA) is holding an event at 6pm today (14 March) to explore the upcoming EU General Data Protection Regulation and how organisations can tackle the data security requirements of both this and the Data Protection (Jersey) Law 2018, which come into effect on 25...     [read more]

    By KPMG on  14 March 2018 
  • Lawyers sworn in as Advocates

    Pamela DohertyTwo Channel Island lawyers have been sworn in as Advocates. At Collas Crill, Partner Pamela Doherty has been admitted as an Advocate to the Royal Court of Jersey. Pamela, who joined Collas Crill last year, is based in the firm's property team. She specialises in commercial property, with exper...     [read more]

    By BackBay Communications on  13 March 2018 
  • IoD lead to speak at Channel Islands NEDs Forum 2018

    NEDs chairWith BL's Channel Islands NEDs Forum just over a week away, a few delegate places remain. The conference is being held in partnership with Deloitte, sponsored by Optimus Group,and supported by RBC Wealth Management and Rossborough Professional Risks. It will take place on 21 March from 9am to 1...     [read more]

    By BL Global on  13 March 2018 
  • MitonOptimal announces Jersey buy

    MitonOptimal logo 2018Guernsey-based discretionary fund management company MitonOptimal International has agreed the acquisition of Orchard Wealth Management in Jersey, after gaining regulatory approval from the Jersey Financial Services Commission. Orchard Wealth Management is led by fund manager Richard Harwood, who w...     [read more]

    By MitonOptimal on  13 March 2018 
  • Guernsey records three straight years of funds growth

    We Are Guernsey logoThe total value of funds business in Guernsey has risen again, with the Guernsey Financial Services Commission confirming a growth of £1bn in the three months to the end of 2017.   The latest figure of £270bn also represents an increase of approximately £14bn (5.6 per cent) ov...     [read more]

    By Orchard PR on  13 March 2018 
  • Vistra acquires Indonesian firm

    Vistra Logo Oct 15Corporate services provider Vistra has acquired Global Expandia, a Jakarta-based firm that provides market entry and related services to foreign-owned investors operating in Indonesia.  Vistra says the acquisition gives it a foothold in the largest economy in South-east Asia, which is an attra...     [read more]

    By Nacelle on  13 March 2018 
  • Zedra hires Client Director in Jersey

    Peter Cheesley_ZedraZedra has appointed Peter Cheesley as its new Client Director. His brief is to develop business relationships, strengthen the corporate services offering and support international clients. He will also develop the fund administration business. Although Peter will be based in Jersey, he will collab...     [read more]

    By Nacelle on  13 March 2018 
  • Ogier makes Jersey appointment

    charles-le-maistreCharles Le Maistre has joined Ogier's Jersey property team as a Senior Conveyancer.   He brings to the new position 10 years' conveyancing experience with Collas Crill on the island, and becomes part of the team led by Ogier Partner Jonathan Hughes. Charles advises on residential and c...     [read more]

    By Ogier on  13 March 2018 
  • EY makes management promotions

    Sacha HamonEY has announced two promotions within its assurance team in the Guernsey office.  Sacha Hamon and Laura Davidson, who both joined the firm as trainees in 2012, have been promoted to the position of Managers within the team.  Sacha brings to the position several years' experienc...     [read more]

    By EY on  12 March 2018 
  • Jersey Business to hold online security workshop

    Jersey Business logoJersey Business is running a workshop on 14 March to help SMEs on the island tighten up online security. The session – entitled 5 easy & practical steps for SME online security – will offer guidance on: • Securing your internet connection • Securing your devices and softwa...     [read more]

    By Digital Jersey on  12 March 2018 
  • Ocorian names new MD

    Alan BoothCorporate and fiduciary services provider Ocorian has named Alan Booth as Managing Director of its UK business.  Alan brings to the new role a broad knowledge of the global regulatory and legal environment, gained through 12 years in structured finance, private equity and real estate structuri...     [read more]

    By Ocorian on  12 March 2018 
  • Parslows adds to corporate and commercial team

    Jennie Harrison, ParslowsParslows International has appointed Jennie Harrison as a consultant in its corporate and commercial law team. Jennie, an English solicitor, provides Parslows with support on all aspects of corporate, commercial, IT and intellectual property law.  She is also a certified data protection pract...     [read more]

    By Parslows on  12 March 2018 
  • JTC poised for London IPO

    New JTC logoJersey-based financial services group JTC is poised to list on the London stock market in an initial public offering that values the business at £310 million. Admission to trading on the Main Market is expected on 14 March. Key points • The price is 290 pence per ordinary share, equatin...     [read more]

    By JTC Group on  9 March 2018 
  • Chamber to hold GDPR briefing for SMEs

    Jersey Chamber of Commerce logoThe Jersey Chamber of Commerce is holding a GDPR briefing for SMEs on 28 March – two months ahead of the Data Protection (Jersey) Law 2018 and the Data Protection (Authority) Jersey Law 2018 coming into effect on 25 May.  Two speakers will provide guidance on how to ensure organisations ...     [read more]

    By Jersey Chamber of Commerce on  9 March 2018 
  • CI commercial property investment hits new high

    D2 logoLast year was an exceptional year for commercial property investment in the Channel Islands, according to D2's latest Office Market Review. Over the 12 months from January to December 2017, more than £150 million worth of assets were traded across Jersey and Guernsey. The year also h...     [read more]

    By Suzanne le Lay on  8 March 2018 
  • Carey Olsen advises in online casino buy

    careyolsen logo_2017Corporate lawyers from Carey Olsen have advised Swedish mobile gaming operator LeoVegas on its acquisition of the assets of Intellectual Property & Software (IPS) and related assets from two further companies, including brands such as 21.co.uk, Slotboss, BetUK and UK Casino.   Lead counsel ...     [read more]

    By Carey Olsen on  7 March 2018 
  • Burford plans to launch Guernsey insurance business

    Burford Capital logoUS litigation finance firm Burford Capital has applied for a licence to establish an insurance business in Guernsey, according to a report by CityAM. The new business, which is reported to be awaiting final licensing by the Guernsey Financial Services Commission, will offer insurance...     [read more]

    By BL Global on  7 March 2018 
  • Deloitte releases annual reports insights

    Deloitte has released the third edition of its Channel Islands Listed Funds Annual Report Survey.  The analysis reviewed 99 of the 2017 annual reports of companies incorporated in Guernsey and Jersey that are listed on the London markets, to assess their compliance with corporate reporting req...     [read more]

    By Black Vanilla on  7 March 2018 
  • ICSA announces details of Guernsey conference

    icsa logo 2018The role of Guernsey’s governance professionals in ‘Managing Risk, Leading Change’ will be the theme of this year’s ICSA: The Governance Institute’s annual conference in Guernsey.  Taking place at the St Pierre Park Hotel on 25 April, the conference will focus on ...     [read more]

    By ICSA on  7 March 2018 
  • PwC: CI funds must act now to stay relevant

    MikeByrne_Mar18Guernsey and Jersey's funds industries are in a strong position to capture a new wave of exponential growth, but need to act now to modernise and take a strategic view on how to remain relevant, according to a report published by PwC in the Channel Islands. The report – Asset and Wealth M...     [read more]

    By Crystal PR on  7 March 2018 
  • Guernsey Finance hires Hong Kong representative

    Dorothy KwokGuernsey Finance has appointed Dorothy Kwok as a permanent representative in Hong Kong.  Dorothy has eight years’ experience in the trust and corporate services sector. She previously worked for Equiom since 2015 and before that Lutea Trustees.  Her work with both these compan...     [read more]

    By Orchard PR on  6 March 2018 
  • Standard Bank creates senior post

    Greg Barclay_StandardBankStandard Bank Wealth International (WIN) has appointed Greg Barclay to the new role of Head of International Wealth and Investment, Personal and Corporate Banking, based in Jersey.    WIN offers banking and wealth management solutions to an international client base, particularly with conn...     [read more]

    By Direct Input on  6 March 2018 
  • 100th Jersey Private Fund registered

    Jersey Finance lionThe Jersey Financial Services Commission has reported sustained uptake in the Jersey Private Fund (JPF), with 100 structures formed less than a year since its launch. The commission registered the 100th JPF on 2 March. As the latest addition to Jersey's suite of fund structuring options, the JP...     [read more]

    By Crystal PR on  5 March 2018 
  • CICRA adds to senior team

    Tim Ringsdore_CICRAThe Channel Islands Competition and Regulatory Authorities (CICRA) has appointed Tim Ringsdore as a Director.   Jersey-born Tim returns to the islands after two years in the British Virgin Islands, where as Managing Director of Cable & Wireless Communications he oversaw an expansion of...     [read more]

    By Orchard PR on  5 March 2018 
  • Stenham appoints Investment Manager

    Adrian LihouPrivate wealth management specialist Stenham has recruited Adrian Lihou to the post of Investment Manager.   Adrian brings more than 20 years’ investment management experience to the role. He started his career as a Portfolio Manager at Credit Suisse in 1995, before moving on to become a ...     [read more]

    By Stenham Wealth Management on  5 March 2018 
  • Visit Jersey launches Events site

    Events Jersey logoVisit Jersey has launched a website for Events Jersey – www.events.jersey.com – to encourage organisers and associations to host their events on the island.  Working with on-island agency Switch Digital, Visit Jersey says the new website draws on the strength of its ...     [read more]

    By Visit Jersey on  5 March 2018 
  • Comment: UK Trust Register deadline

    Ed Shorrock - Duff & PhelpsWith the 5 March deadline fast approaching for Jersey trustees to register records of beneficial ownership with HMRC, Ed Shorrock (pictured), Director of Compliance and Regulatory Consulting at Duff & Phelps, explains the significance of this requirement Despite the UK's decision to leave t...     [read more]

    By Crystal PR on  2 March 2018 
  • Carey Olsen and Carey Group advise on LSE listing

    careyolsen logo_2017Marble Point Loan Financing (MPLF) has completed its admission to trading on the Specialist Fund Segment of the London Stock Exchange, with assistance from Carey Olsen and Carey Group in Guernsey, alongside Herbert Smith Freehills as lead counsel.   The Guernsey-domiciled closed-ended investmen...     [read more]

    By Carey Olsen on  2 March 2018 
  • Guernsey announces Funds Forum details

    We Are Guernsey logoGuernsey Finance has announced details of this year's Guernsey Funds Forum, which will be held in London on Thursday 17 May. The theme for the event is 'If the world turned upside down' and Jonathan Ford (pictured), City Editor of the Financial Times, has been confirmed as the keyn...     [read more]

    By Orchard PR on  2 March 2018 
  • BDO acquires C5 Alliance Group

    BDO LogoBDO in Jersey has purchased the Channel Islands technology business C5 Alliance Group.  C5, which provides technology services to businesses across the Channel Islands, was established 19 years ago and employs 200 people. Its growth has included the acquisition of Cronus Consulting in 2012, IT...     [read more]

    By Direct Input on  1 March 2018 
  • Carey Olsen makes senior hire in Jersey

    Michael_Evans_COCarey Olsen has added to its banking and finance team with the appointment of Michael Evans as Counsel in the Jersey office.   Michael joins the law firm having spent two and a half years at Ogier, latterly as Managing Associate. He brings with him more than 10 years' experience working on...     [read more]

    By Carey Olsen on  1 March 2018 
  • Latest Chambers ranks CI law firms

    chambers logoThe rankings of law firms and lawyers across the Channel Islands have been highlighted in Chambers and Partners' recently published Chambers Global directory.  The directory aims to identify outstanding law firms worldwide and now covers more than 190 jurisdictions. The 2018 edition ranks ...     [read more]

    By BL Global on  1 March 2018 

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