Business News Archive

« February 2019

March  2019  (65)

  • Estera appoints Jersey MD

    BrendanDowling_EsteraMDCorporate and trust services provider Estera has appointed Brendan Dowling as its new Jersey Managing Director.   Brendan has been closely involved in all aspects of Estera Jersey’s leadership and management since he was appointed to the board in 2015. The firm says his contribution has h...     [read more]

    By Estera on  25 March 2019 
  • SGG Group unites under new brand

    IQ-EQ logo_2019Investor services group SGG has rebranded to become IQ-EQ, in a move that unites SGG, First Names Group, Augentius, Singapore-based Iyer Practice and South African funds administration specialist Viacert under a single brand. Mark Pesco, the Jersey-based CEO of IQ-EQ – and...     [read more]

    By SGG on  25 March 2019 
  • Guernsey survey points to funds distribution shift

    We Are Guernsey logoThe results of a Guernsey Finance funds survey, carried out among asset managers and intermediaries at private equity and venture capital event SuperReturn International in Berlin in February, show that more than half of managers would consider splitting global and EU distribution if it led to impro...     [read more]

    By We Are Guernsey on  25 March 2019 
  • Canaccord Genuity acquires Thomas Miller businesses

    Canaccord Genuity logo 2019Financial services group Canaccord Genuity is to acquire Thomas Miller Wealth Management (TMWML) and the private client investment management business of Thomas Miller Investment (Isle of Man). The acquisitions will be made through Canaccord Genuity Wealth Management, which has offices in Jersey an...     [read more]

    By ORCHID on  22 March 2019 
  • UK to encourage voluntary public registers

    UK ParliamentThe UK government  has told Westminster it will encourage the Crown Dependencies to voluntarily introduce new financial transparency rules as it recognises the islands' self-governing status, according to a report in International Investment. Home Office minister Baroness Williams of Traff...     [read more]

    By Investment International on  22 March 2019 
  • Top tech: what happened in Vegas

    BL_Top techFrom walking cars to smart earbuds to waterproof notepads, this year’s Consumer Electronics Show gave us a glimpse of the weird and wonderful tech that’s on the horizon It’s billed as the Consumer Electronics Show, but much of what’s on offer at CES is also of great interest...     [read more]

    By Alexander Garrett on  22 March 2019 
  • Ports of Jersey names new CEO

    MattThomas_Ports of JerseyPorts of Jersey has appointed Matt Thomas as its new Chief Executive Officer.   Matt will join the company in July from Shannon Group in Ireland, where as CEO he has overseen the development of the airport and aviation services centre, along with the development of the company's land and p...     [read more]

    By Ports of Jersey on  21 March 2019 
  • Equiom opens Dubai office

    Equiom logo 2019Professional services provider Equiom has opened a new office in the Dubai International Financial Centre (DIFC), operating as Equiom (Isle of Man) Limited (DIFC Branch).   The opening builds on the organisation’s growing presence in the Middle East – this is the firm's fourth o...     [read more]

    By Equiom on  20 March 2019 
  • Ogier appoints to Jersey Dispute Resolution team

    eloise-layzellAdvocate Eloise Layzell has joined Ogier's Dispute Resolution team in Jersey as a Senior Associate. Eloise joins from Lacey Advocates in Jersey, where she has practised for almost six years. Before that, she spent five years at Mourant. Eloise specialises in contentious regulatory matters, hav...     [read more]

    By Ogier on  20 March 2019 
  • Carey Olsen and Oak advise on energy fund

    careyolsen logo_2017Carey Olsen's investment funds team in Jersey has advised Quinbrook Infrastructure Partners on the Jersey legal and regulatory aspects of Quinbrook Low Carbon Power Fund's final closing, which raised a total of $1.6bn in primary and co-investment fund commitments. Oak Group (Jersey) acted a...     [read more]

    By Carey Olsen on  20 March 2019 
  • Babbé announces promotion

    ElenaGogh_Babbe2019Babbé has announced the promotion of trust lawyer Elena Gogh to Senior Associate, based in Guernsey. As a member of the firm's Trusts and Pensions team, Elena advises on fiduciary and trust matters. She has extensive experience in establishing asset-holding structures and wealth manageme...     [read more]

    By Orchard PR on  20 March 2019 
  • New business launches in Guernsey

    Oak logo_March19A new private client, corporate services and fund administration group has been launched in the Channel Islands.   Oak is the consolidation of three businesses – Oak Trust Group, Consortia and Kreston IOM – which between them have offices in Guernsey, Jersey, the Isle of Man, Malta ...     [read more]

    By Orchard PR on  19 March 2019 
  • Vistra report ranks Hong Kong as top IFC

    Vistra 2020_Mar19Vistra's latest report on the corporate services industry – Vistra 2020 – reveals that the trend toward onshore and mid-shore jurisdiction for doing business continues, with Hong Kong the most popular jurisdiction, the British Virgin Islands and the UK second, and the US and Sin...     [read more]

    By Vistra on  19 March 2019 
  • Moore Stephens makes Director appointment

    Brona Lambert March 2019Accounting and advisory network Moore Stephens has named Brona Lambert as its new Director, Accounting and Business Services, in the Channel Islands.   Brona joined Moore Stephens Jersey in 1999 as a Senior Accountant, becoming a Partner in 2009. In this role, she was responsible for developing...     [read more]

    By Orchard PR on  19 March 2019 
  • Bedell Cristin makes Counsel promotion

    Ann Halliday_BedellBedell Cristin has promoted Ann Halliday to the newly created role  of Counsel in its Guernsey office.     Ann joined the firm in 2016, having worked for eight years as a banking lawyer with Ogier in Guernsey. Previously, she worked for UK firms Cobbetts and Needham & James, as we...     [read more]

    By Orchard PR on  19 March 2019 
  • Ashburton office move completes IFC1 occupancy

    Ashburton new logoSeventy staff from local investment manager Ashburton Investments will be making the move to new premises at IFC1 in Jersey this month, completing occupancy of the office development. The team at Ashburton, which has occupied its current premises for over 20 years, will officially move into the new...     [read more]

    By Ashburton Investments on  19 March 2019 
  • JHA elects a new Chair

    jeremy swetenham_JHAThe Jersey Hospitality Association has elected Jeremy Swetenham as its new Chair at its recent AGM. Jeremy takes over from outgoing president Fiona Kerley, who will remain on the JHA board. He will be joined by new Vice Chairs Martina McGibney and Stef Stevens, who take over from Marcus Calvani and...     [read more]

    By Direct Input on  19 March 2019 
  • Babbé names new Marketing Manager

    Janice Courtney_BabbeBabbé has appointed Janice Courtney as Marketing Manager based in Guernsey. Janice brings more than 13 years’ experience in marketing and communications to the firm, in both the UK and South Africa. She joins Babbé after nine years with niche stockbroking firm Legae Securities i...     [read more]

    By Orchard PR on  18 March 2019 
  • Ravenscroft appoints to Guernsey trading team

    Wing Kin LaiInvestment services group Ravenscroft has appointed Wing Kin Lai to its trading desk in Guernsey, which is responsible for trading worldwide equities, bonds, forex and derivatives for clients across the globe, as well as being a Market Maker on The International Stock Exchange.  Wing Kin joins...     [read more]

    By Ravenscroft on  15 March 2019 
  • Books and podcasts: data, giving and diversity

    BL_Books thSmall is beautiful Company of One: Why Staying Small is the Next Big Thing for Business by Paul Jarvis (Portfolio Penguin, £10.49*, paperback) starts off with a contrarian hypothesis: what if the key to a rich and fulfilling career is not to start a business and rapidly scale up, but instead ...     [read more]

    By Alexander Garrett on  15 March 2019 
  • Equiom recruits aviation specialist

    Graeme Shanks_EquiomProfessional services provider Equiom has appointed Graeme Shanks as Senior Manager within the Aviation team. Graeme will be responsible for business development for Equiom’s aviation services. He brings more than 14 years’ experience to the role, having worked in senior positions withi...     [read more]

    By Equiom on  15 March 2019 
  • Jersey funds business reaches all-time high

    Jersey Quarterly Report Dec18The value of regulated funds serviced in Jersey saw double-digit growth to reach an all-time high, while bank deposits also increased over the course of 2018, according to the latest figures from the Jersey Financial Services Commission (JFSC).  Figures for the final quarter of 2018 (ending 31...     [read more]

    By Crystal PR on  14 March 2019 
  • GFSC issues revised Handbook on Countering Financial Crime and Terrorist Financing

    GFSC HandbookThe Commission has issued, in final form, the revised Handbook on Countering Financial Crime and Terrorist Financing, following approval of the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2018 by the States of Guernsey in December.   The revisions to the...     [read more]

    By Guernsey Financial Services Commission on  14 March 2019 
  • Appleby releases Energy & Natural Resources report

    Appleby_EnergyNatural ResourcesOffshore law firm Appleby has published its latest Energy & Natural Resources report, which provides merger and acquisition insight and deal intelligence on the sector’s offshore activity in 2018. The report reveals that in total $22bn was spent on offshore energy and natural resources co...     [read more]

    By Appleby on  14 March 2019 
  • Guernsey confirms continuity of UK market access for funds post-Brexit

    GFSC logoGuernsey’s financial services regulator has, like Jersey, signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit. Guernsey has a market access agreement with the 28 member states of th...     [read more]

    By Guernsey Finance on  14 March 2019 
  • Jersey law firms merge

    PaulNichollsJersey law firm Steenson’s has merged with Nicholls Law. The combined practices will operate under the name Steenson Nicholls and will be led by Senior Partner David Steenson.  Steenson Nicholls is a limited liability partnership, registered under the Limited Liability Partner...     [read more]

    By Steenson Nicholls on  13 March 2019 
  • Guernsey satisfies EU business substance requirements

    We Are Guernsey logoGuernsey’s global competitiveness as a finance sector has been further enhanced following confirmation from the EU Council’s Code of Conduct Group and the European Council of Finance Ministers (ECOFIN) that the island has satisfied its legal substance requirements for entities operating ...     [read more]

    By We Are Guernsey on  13 March 2019 
  • Jersey a ‘cooperative’ financial jurisdiction

    GovJersey_official logo_2019EU Finance Ministers (ECOFIN) have formally confirmed Jersey’s position as a cooperative jurisdiction.    In December 2017 ECOFIN had placed Jersey, along with many other jurisdictions, in Annex II. This meant that Jersey had been assessed as cooperative, but subject to the implement...     [read more]

    By Government of Jersey on  13 March 2019 
  • Guernsey relocation firm relaunches

    Liesl EsterhuizenThe former Head of Client Services at Quintessential Relocation Consultants (QRC), Liesl Esterhuizen (pictured), has relaunched the business as Guernsey Relocation Services. Esterhuizen worked alongside QRC founder Jo Stoddart for more than seven years supporting private individuals and businesses ...     [read more]

    By Orchard PR on  13 March 2019 
  • Carey acts in Vietnam fund migration

    Carey logo 2019Corporate, fund and private wealth specialist Carey and the funds team at law firm Carey Olsen have advised Vietnam Holding on its migration from Cayman to Guernsey as part of the fund’s progression from AIM to the Main Market of the London Stock Exchange (LSE).   In conjunction with the ...     [read more]

    By Lucid on  12 March 2019 
  • JFSC secures access for Jersey to UK funds market ahead of Brexit

    JFSC logo The Jersey Financial Services Commission (JFSC) has signed a bilateral agreement with the UK financial regulator to secure continued access for the island to the UK’s funds market. The Memorandum of Understanding (MoU) with the Financial Conduct Authority (FCA) will ensure that Jersey’s...     [read more]

    By Jersey Financial Services Commission on  12 March 2019 
  • Black Vanilla announces partner buyout

    NicholeCulverwell_Mar19Guernsey-based communications agency Black Vanilla has announced a change in leadership, as Nichole Culverwell (pictured) takes over sole ownership from founder and co-owner Jade Isabelle. Jade founded Black Vanilla in 2008 based on her local and national media planning, media buying and events exp...     [read more]

    By Black Vanilla on  12 March 2019 
  • Standard Bank makes senior appointment

    Marina Buckley_StandardBankStandard Bank Wealth International has added to its Executive Committee with the appointment of Marina Buckley (pictured) as Chief Operating Officer, Wealth International, based in Jersey. The senior leadership team guides the business strategy and manages the day-to-day operations of the bank, whi...     [read more]

    By Direct Input on  12 March 2019 
  • Guernsey marketing firms link up

    TPA logoGuernsey marketing agency LRD has joined up with pan-island communications and digital agency TPA, and will move forward under the TPA brand to deliver marketing, creative and digital services together. It is understood no financial transaction has taken place between the two businesses.   Tom ...     [read more]

    By Orchard PR on  11 March 2019 
  • C5 appoints CFO in Jersey

    C5_DavidPikeDavid Pike has joined the senior management team of Channel Island technology business C5 Alliance as its Chief Financial Officer, based in Jersey. David brings to the business wide-ranging expertise in change management and driving optimal financial performance across organisations.   He has...     [read more]

    By Orchard PR on  11 March 2019 
  • Guernsey announces Funds Forum speaker

    We Are Guernsey logoA key figure in London’s green finance sector will be the keynote speaker at the Guernsey Funds Forum in London on 16 May. Sir Roger Gifford is Chairman of the City of London Corporation, the body responsible for running London’s Square Mile, which launched the London Green Finance Init...     [read more]

    By We Are Guernsey on  11 March 2019 
  • Chief Minister and States CEO set for IoD Mid-Year Review

    IoD LogoThe two men leading public sector reform in Jersey, Chief Minister Senator John Le Fondre and Chief Executive Charlie Parker, will speak at the IoD Mid-Year Review this month. The breakfast event will take place at The Royal Yacht hotel on Wednesday 20 March and is open to IoD members and non-membe...     [read more]

    By Natasha Egre, The Refinery on  11 March 2019 
  • Appleby extends Female Leaders Network

    WendyBenjamin 2019Appleby used International Women’s Day to announce the global extension of its Female Leaders Network, which was launched in Jersey in 2017 and is led by Managing Partner Wendy Benjamin (pictured).  The network will be growing to include the Bermuda, BVI, Cayman Islands, Guernsey, Hong K...     [read more]

    By Appleby on  8 March 2019 
  • Comment: Inclusion is a responsibility for us all

    Sue Fox_HSBCOn International Women’s Day, Sue Fox (pictured), CEO of HSBC Channel Islands and Isle of Man, says diversity is about the inclusion of everyone and valuing people because of – not in spite of – their differences  As a female CEO, I’m often asked about diversity and gen...     [read more]

    By HSBC on  8 March 2019 
  • Married women’s taxation to change

    Susie PinelThe Treasury Minister, Deputy Susie Pinel (pictured), will announce to a group of influential Jersey women on International Women’s Day that she plans to propose an end to the practice of taxing wives’ income through their husbands. This follows an island-wide consultation, the results ...     [read more]

    By Government of Jersey on  8 March 2019 
  • Talking points: security, coffee and more

    BL_Talking PointsFeeling insecure More than half of Channel Islands organisations don’t know whether they’ve been hacked in the past year. So says the first cyber security survey of businesses across the islands, carried out by the Channel Islands accounting and consulting practice at Grant Thornton. Ne...     [read more]

    By Alexander Garrett on  8 March 2019 
  • Generali Worldwide renamed after sale completion

    Generali logoGuernsey-based Generali Worldwide has officially been renamed Utmost Worldwide, following the completion of the sale of the entire shareholding of Generali Worldwide Insurance Company and Generali Link to European life assurance specialist Life Company Consolidation Group (LCCG), the parent of Utmos...     [read more]

    By BL Global on  8 March 2019 
  • IoD Guernsey announces breakfast event

    IoD LogoThe IoD in Guernsey is to hold a breakfast meeting on 15 March that will discuss the importance of human capital to the island’s economy. The speaker is Susie Crowder (pictured), who is Director of Bright Futures, a charitable institution that aims to change the way people think about lifetim...     [read more]

    By Black Vanilla on  8 March 2019 
  • Digital Jersey announces Tech Nation event

    DigitalJersey_logo2018Digital Jersey has announced an upcoming event highlighting the strength of Jersey’s digital tech activity to date.  Tech Nation, to be held on 19 March at the Halliwell Lecture Theatre, Jersey General Hospital, will draw on insights from the Tech Nation Jersey Report, produced by Tech N...     [read more]

    By Digital Jersey on  8 March 2019 
  • CIPR CI Group elects new committee

    William Church_CIPRThe Channel Islands Group of the Chartered Institute of Public Relations (CIPR) has a new committee to lead the group for the year ahead. Jersey-based William Church (pictured), Director of Sales and Marketing at the Jersey Royal Company, has taken over as Chairman from TISE Head of Communications ...     [read more]

    By Orchard PR on  7 March 2019 
  • Bedell Cristin advises RBSI on Ravenscroft financing

    Bedell Cristin logoBedell Cristin has advised Royal Bank of Scotland International (RBSI) in relation to real estate finance facilities made available to Ravenscroft Private Investment Fund.   The team provided both Guernsey and Jersey law advice in connection with the financing of the acquisition by the fund of ...     [read more]

    By Orchard PR on  7 March 2019 
  • GFSC consults on fiduciaries law

    The Guernsey Financial Services Commission has this week issued a discussion paper seeking feedback from all interested parties on potential enhancements to the regulatory framework under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law,...     [read more]

    By Guernsey Financial Services Commission on  7 March 2019 
  • GFSC highlights Q4 2018 investment statistics

    GFSC logoThe Guernsey Financial Services Commission has published its latest figures on general investment across the island, which show an increase over the fourth quarter. • Investment funds – The net asset value of total funds under management and administration has increased in sterling ...     [read more]

    By Guernsey Financial Services Commission on  6 March 2019 
  • Jersey OIC reports drop in data breaches and complaints

    Dr Jay FedorakThe number of data protection complaints by Jersey residents and self-reported data breaches by organisations is significantly down since October 2018, according to the Jersey Office of the Information Commissioner. A total of 79 breaches were reported in Jersey from 22 October to 21 December 2018,...     [read more]

    By Freedom Media on  6 March 2019 
  • D2 Real Estate: Guernsey office market on the rise

    D2_Regency CourtOffice occupational take-up in St Peter Port almost doubled in 2018 compared with 2017, according to D2 Real Estates’ latest Channel Islands Office Market Review.  Demand has been driven by a raft of mergers and consolidations, which have coincided with prime stock coming to market, repo...     [read more]

    By Black Vanilla on  6 March 2019 
  • Vistra appoints Group CEO and CFO

    Alan Brown_Vistra Group CEOTrust, fund administration and corporate services provider Vistra has appointed Alan Brown (pictured) as Group Chief Executive Officer, and Geoff Weir as Group Chief Financial Officer.  Both will join Vistra in April, subject to regulatory approval. Based in Vistra’s headquarters in...     [read more]

    By Vistra on  6 March 2019 
  • Issue 61 of Businesslife now online!

    BL61_COVERIssue 61 of Businesslife is now available online.  In this issue, we take a look at what’s keeping Channel Islands’ businesses busy on the compliance front.  New tax rules on substance – the subject of our cover feature – require businesses tax-domiciled on the is...     [read more]

    By BL Global on  5 March 2019 
  • Appleby: Jersey deal value nearly triples in 2018

    Appleby Offshore-i 2018The total value of M&A deals in Jersey nearly tripled in 2018 compared with the previous year, driven by three megadeals, each valued at $5bn or more, according to offshore law firm Appleby.   The latest edition of the firm's Offshore-i report, which provides data and insight on merger...     [read more]

    By Appleby on  5 March 2019 
  • Ogier makes Director appointments

    kate-kirk_OgierOgier has appointed two Directors to lead its business services teams in marketing and IT. Kate Kirk, who joined Ogier as Head of Marketing to lead its rebrand in 2015, has been promoted to the firm's global Director of Marketing and Communications.  A communications specialist whose care...     [read more]

    By Ogier on  5 March 2019 
  • Guernsey welcomes deferral of Finance Bill debate

    We Are Guernsey logoGuernsey Finance has issued the following response to the UK government’s withdrawal of the Finance Bill from debate on Monday: The constitutional position of the Crown Dependencies with the UK government needs to be better understood by parliamentarians following the UK government’s de...     [read more]

    By We Are Guernsey on  5 March 2019 
  • PwC to hold diversity events this week

    PwC event seeks to connect government and business to drive good growth in JerseyPwC is hosting events in Guernsey and Jersey this week to highlight the benefits of having a diverse leadership team in business and how this links directly to higher economic performance. Coinciding with International Women's Day this week (8 March), the free-to-attend events – Women in ...     [read more]

    By Crystal PR on  5 March 2019 
  • Islands object to beneficial ownership proposals

    Margaret HodgeThe governments of Jersey, Guernsey and the Isle of Man have raised strong objections to amendments being debated in the UK's Parliament today, which could lead to parties owning more than 25% of any company registered in the Crown Dependencies being made public. The proposed amendments to the ...     [read more]

    By BL Global on  4 March 2019 
  • GIFA sets up support service for fund boards

    GIFA logoThe Guernsey Investment Funds Association (GIFA), in tandem with legal specialist Thorndon, has launched a new service to help protect the non-executive directors (NEDs) of investment funds and their management companies from risks. The Financial Protection and Advice Service (FPAS) for GIFA has be...     [read more]

    By Orchard PR on  4 March 2019 
  • Euromoney Private Banking Survey results revealed

    Euromoney Private Banking 2019The Euromoney Private Banking and Wealth Management Survey results for 2019 have been announced. The Private Banking and Wealth Management Survey provides a qualitative review of the best services in private banking, by region and by areas of service. More than 2,000 private bankers took part in th...     [read more]

    By BL Global on  4 March 2019 
  • Carey Olsen advises Apex on Bermuda acquisition

    careyolsen logo_2017A corporate team from Carey Olsen Bermuda has advised Apex Group on its purchase of Beacon Fund Services (Bermuda), Beacon Corporate Services (Bermuda) and Beacon Management.   The acquisition of fund administrator Beacon adds to Apex's hedge fund administration, corporate services and tran...     [read more]

    By Carey Olsen on  4 March 2019 
  • ED Group invests in Stenham Wealth Management

    ED Group logoInvestment business ED Group is to acquire a majority shareholding in Stenham Wealth Management CI (SWM) from Stenham Asset Management Holding, to create a privately owned wealth management and investment advisory business in Jersey. The transaction is due to complete in March.   SWM ...     [read more]

    By Stenham Wealth Management on  1 March 2019 
  • CIISF unveils Guernsey Cyber Security Conference

    CIISF logoThe Channel Islands Information Security Forum (CIISF) has announced this year's Guernsey Annual Cyber Security Conference, which will be held at The Rotunda, St Peter Port, on 24 April. Bruce Hallas (pictured), author and founder of information security consultancy Marmalade Box, has been conf...     [read more]

    By KPMG on  1 March 2019 
  • EY announces Guernsey promotion

    Fiona Morton_EYFiona Morton has been promoted to Associate Partner at EY in the Channel Islands, where she is based in Guernsey. Fiona joined EY in 2000 as a law graduate and became a fully qualified chartered accountant in 2003. During her time at EY, she has gained significant experience within the wealth and a...     [read more]

    By EY on  1 March 2019 
  • Estera appoints Guernsey Managing Director

    Ethan Levner_Estera Guernsey MDEstera has appointed Ethan Levner as Managing Director in Guernsey, in addition to his responsibilities as Group Head of Corporate Development, encompassing M&A and group strategy.    Ethan joined Estera in 2016 to lead the company’s growth strategy through mergers and acquisitio...     [read more]

    By Estera on  1 March 2019 
  • Babbé appoints South African lawyers

    Gareth Parr_Babbe thBabbé has appointed South African litigators Gareth Parr (pictured right) and Ryan Courtney as Associates within its Guernsey dispute resolution team. Both come to the firm with more than 11 years’ specialist litigation experience. Gareth was admitted as an Attorney in South Africa in ...     [read more]

    By Orchard PR on  1 March 2019 

« February 2019

HSBC

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