Hawksford has appointed David Burmingham as its Money Laundering Reporting Officer (MLRO).
David will be responsible for ensuring Hawksford has a comprehensive system to monitor and report on matters relating to anti money laundering and countering the financing of terrorism, including sancti...
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By Liquid on
31 May 2018
Outsourced services provider Ipes has announced the appointment of John Bishop as a Client Director in the Guernsey Office.
John will act as Director and alternate Director on a number of general partner and special purpose vehicle boards focusing on private equity, venture capital and fund o...
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By Ipes on
31 May 2018
The Guernsey Financial Services Commission has released investment statistics for the first quarter of 2018. Some of the highlights include:
• Investment funds – The net asset value of total funds under management and administration has decreased in sterling terms over the quarter ended ...
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By Guernsey Financial Services Commission on
30 May 2018
Intertrust has appointed Niall Husbands to the role of Head of Private Wealth in Jersey.
An internationally experienced wealth management practitioner, Niall has worked as HSBC's Head of Wealth Management, Europe, in Paris, and Head of Wealth Management, MENA, in Dubai, before returning to...
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By Orchard PR on
30 May 2018
Carey Olsen's corporate team in Guernsey has advised Inflexion Private Equity Partners on the establishment of two new funds, Inflexion Buyout Fund V and Inflexion Partnership Capital Fund II, securing commitments of £1.25bn and £1bn respectively.
Both funds were oversubscribe...
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By Carey Olsen on
29 May 2018
Digital Jersey is holding a two-day Internet of Things (IoT) workshop in June.
The event – Island of Things: An Introduction to IoT – will be held on 21-22 June at the Pomme d'Or Hotel. It has been developed with University College London (UCL) to examine the challenges, success fac...
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By Digital Jersey on
25 May 2018
Visit Jersey has used its 2017 annual report to announce the best year in a decade for staying visitors.
It reports that tourism receipts from Jersey’s 727,000 visitors were equivalent to £2,400 for each man, woman and child in Jersey.
The detailed report shows an increase in fir...
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By Oi on
25 May 2018
The Jersey Financial Services Commission and Office of the Information Commissioner have issued the following joint statement on the Data Protection (Jersey) Law 2018:
'The Data Protection Law 2018 comes into effect today. This important piece of legislation will strengthen Jersey’s prote...
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By Jersey Financial Services Commission on
25 May 2018
Guernsey’s funds industry is seeing a number of new inquiries so far this year and expects to see a rise in the value of the sector before the end of the year, following a decline in the first quarter’s statistics.
Latest figures from the Guernsey Financial Services Commission (GF...
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By We Are Guernsey on
25 May 2018
A new structure for the Office of the Information Commissioner (OIC), new Jersey data protection laws and the General Data Protection Regulation (GDPR) all come into effect today.
Acting Information Commissioner Paul Vane (pictured) has called on all business owners in Jersey to ensure they a...
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By Liquid on
25 May 2018
The latest Jersey House Price Index reflects large increases in the value of local homes. The average price of homes on the island has risen by six per cent in the last quarter and by 12 per cent compared with the first quarter of 2017.
Turnover of properties was down, suggesting that pr...
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By Direct Input on
24 May 2018
Jersey-based lending group Future Finance has launched a new legal service line and appointed Bennie Burger as Head of Legal.
Bennie is a practising English solicitor, a South African attorney and an Anguillan solicitor with extensive experience.
He started his legal career in South Africa i...
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By Infuse Group on
24 May 2018
Jersey-based firms VG and Ward Yates acted in partnership with the Dubai office of Dentons to advise Virgin Mobile Middle East and Africa (VMMEA) on the issuance of a US$30 million pre-IPO exchangeable senior secured Sukuk, which was privately placed.
The company plans to use the proceeds to ...
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By VG on
23 May 2018
Accountancy and business advisory firm BDO has promoted seven employees – all previously Audit Seniors within the firm – to the position of Audit Supervisor.
• Krista De La Mare – started her career at BDO in 2012, becoming Audit Senior last year
• Samantha Gervaise-Braz...
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By BDO on
23 May 2018
Jersey Chamber of Commerce is holding a Critical Briefing in June, looking at recruiting, managing and inspiring the intergenerational workforce.
Announcing the event, it said: "Never before has the workforce consisted of a mix of generations with such radically different life experiences, asp...
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By Jersey Chamber of Commerce on
23 May 2018
The States of Jersey has published its quarterly Business Tendency Survey up to March 2018.
The survey, which provides qualitative information about the island’s economy, asks Chief Executives and Managing Directors to give their opinions on the state of their business compared with thre...
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By States of Jersey on
23 May 2018
The total size of the island's workforce grew again last year, according to the States of Guernsey's bi-annual Economic Overview, which includes indicators that paint a mixed picture of the economy.
The report, produced by Strategy and Policy, brings together core government data to provide...
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By States Of Guernsey on
23 May 2018
Collas Crill has assisted two private high-net-worth lenders on a £5.5 million financing for the acquisition and development of Park Place (pictured) in St Peter Port, Guernsey.
The development will entail a significant refurbishment of the building to prime commercial office space prior to b...
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By Collas Crill on
22 May 2018
A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners (SVP) in its acquisition of Vita Group from TPG.
The UK-based Vita Group, which has been owned by TPG since 2005, develops, manufactures and markets flexible polyurethane, Talalay latex and flooring products to custo...
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By Carey Olsen on
22 May 2018
Jersey-based multi-family office, trust, corporate and yacht services provider Osiris Management Services has rebranded itself as Fiduchi.
Managing Director David Hopkins explained: "As part of our strategic review, we set clear goals for our future growth. To achieve this, we identified...
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By BL Global on
22 May 2018
Outsourced services provider Ipes has made five additions to its senior team in Jersey.
Senior Managers Gary Ayres and Vimbai Bundu-Kamara have been appointed as Operations Directors and have joined the Jersey board. They will be jointly responsible for the oversight and delivery of all aspect...
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By Ipes on
22 May 2018
Communications consultancy Liquid has been ranked in PR Week’s Top 150 list of UK consultancies. Placed at 137 nationally, Liquid is also ranked the 25th largest consultancy outside London.
With offices in Jersey, Guernsey, Birmingham and a base in London, Liquid is the only consultancy in th...
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By Liquid on
22 May 2018
The Jersey Chamber of Commerce is holding a summer Chamber Lunch – 'Hospitality in the Channel Islands and the challenges faced' – on 13 June at L'Horizon Beach Hotel and Spa.
The guest speaker will be Julia Hands, Chair and CEO of Hand Picked Hotels, who oversees 20 country...
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By Jersey Chamber of Commerce on
21 May 2018
JT has published its Annual Review for 2017, which shows an increase in turnover of 41 per cent from £185 million to £261 million, creating an operating profit for the year of a little over £11 million.
The group attributes the increase in turnover to growth in its internati...
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By Direct Input on
21 May 2018
Carey Olsen's Investment Funds team in Jersey has advised the South-east Asia-focused AVI Frontier Fund I on its second close and investment into Techcombank’s landmark listing on Vietnam's Ho Chi Minh Stock Exchange.
The new funding round follows the fund's successful first...
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By Carey Olsen on
21 May 2018
Mourant Ozannes has been named Jersey Firm of the Year at the recent Who's Who Legal Awards in London. Carey Olsen picked up the award for Guernsey Firm of the Year.
The Who’s Who Legal Awards are based on research conducted among private practice lawyers of repute in their respective fie...
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By BL Global on
18 May 2018
The Jersey Financial Services Commission (JFSC) has today received intelligence regarding local companies allegedly being subjected to cyber ‘impersonation attacks’, resulting in substantial financial losses.
In a statement, the Commission said: "We believe that this is not an...
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By Jersey Financial Services Commission on
18 May 2018
A Guernsey captive insurance subsidiary of the troubled Carillion group has been compulsorily wound up by the Royal Court.
Babbé Dispute Resolution Partner Todd McGuffin, assisted by Associate Bryan Little, represented the Directors of Carillion Insurance Company.
Its parent, Br...
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By Orchard PR on
17 May 2018
Guernsey’s Chief Minister has set out the island's status as a mature jurisdiction with a strong record on the transparency of beneficial ownership, following the debate in UK Parliament on beneficial ownership.
Deputy Gavin St Pier (pictured) used his address to Guernsey&...
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By We Are Guernsey on
17 May 2018
Mourant Ozannes represented BGH Capital as to Guernsey law in the raising of its first private equity fund with a focus on investment in Australia and New Zealand.
The fund, which held its final closing with commitments at around A$2.6bn (approximately US$2bn), is said to be the largest first-time ...
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By Mourant Ozannes on
16 May 2018
Voisin has acted as legal Counsel in connection with an issuance of collateralised loan obligation (CLO) refinancing notes.
Saranac CLO III and Saranac CLO III issued just over $363 million of refinancing notes. The notes, which are rated by Moody’s Investors Service, are collateralised...
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By Suzanne le Lay on
16 May 2018
Ogier is the only offshore firm to be named in IFLR1000's Firms to Watch 2018.
The list – a supplement to the IFLR1000 guide to the world's leading financial law firms – this year comprises 31 firms selected for "breaking into new markets or expanding in footprint or h...
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By Ogier on
15 May 2018
The Guernsey Financial Services Commission has published its 2017 annual report and financial statements.
Among the themes explored in the report is 'green finance', with a regulatory initiative, known as the Guernsey Green Fund, expected in June. In addition, the Commission has announ...
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By Guernsey Financial Services Commission on
15 May 2018
Jersey-based Microsoft business solutions specialist Corefocus has appointed Nicholas Clyde-Smith as its new Senior Developer.
Nicholas is a specialist in web, API and app development, and in his new role he will help deliver bespoke software solutions to clients.
He has spent the past...
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By Refinery on
15 May 2018
Facilities management specialist AFM has appointed Steve Martel as its new Client Relationship Manager.
Steve, who will be based in Guernsey, will be responsible for building and maintaining long-term client relationships and helping clients get the most out of their assets and estate.
He jo...
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By Liquid on
15 May 2018
The Jersey Chamber of Commerce has appointed Murray Norton as Chief Executive. He will take up the post on 23 May, when his time as a States Member comes to an end.
Murray has run several businesses in Jersey, including The Quai Restaurant and Murray's, and is currently Brand Ambassador and Sal...
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By Jersey Chamber of Commerce on
14 May 2018
Carey Olsen's investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.
The new investment vehicle follows the June 2017 launch of CoinShares Fund I, reported to be the first fund to be denominated in Ethereum.
Like its predec...
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By Carey Olsen on
14 May 2018
Fund and corporate services provider Aztec Group has appointed Ivana Paprckova as an Associate Director in Jersey.
Ivana will join the group’s Private Equity team, where she will play a lead role in the delivery of fund administration services to its private equity clients.
Day to day,...
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By Aztec on
14 May 2018
Five awards were handed out to firms based in or operating in the Channel Islands at last night's Citywealth Magic Circle Awards presentation in London.
The awards, now in their 13th year, recognise the best wealth managers and advisers in the private wealth industry, in particular those who in...
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By Citywealth on
11 May 2018
Bad weather and an early Easter may have had an impact on the growth of the Guernsey property market, with figures from the Residential Property Prices Bulletin for the first quarter of 2018 reflecting a drop in the House Price Index.
Activity within the local market was down in comparison to...
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By Direct Input on
11 May 2018
Jersey-based Oben Law and Oben Regulatory have appointed Advocate Claire Rigby (pictured right) and Louise Godley as Senior Associates.
Claire is a specialist family lawyer, who has practised in England and Jersey. She previously worked at Payne Hicks Beach, a family law firm in England...
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By Refinery on
11 May 2018
Appleby has appointed Wendy Benjamin to the role of Managing Partner for the Jersey office.
The new role, which will be in addition to Wendy’s existing roles as Partner and Local Practice Group Head of the Corporate team, will focus on the overall management of the Jersey office, including gr...
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By Appleby on
10 May 2018
Trust, corporate and fund services specialist Zedra has acquired Quaestum Corporate Management, based in Malta, subject to further regulatory approval.
Quaestum is an independent fiduciary services firm, founded in 2012. The firm will be merged into Zedra’s network of global jurisdictio...
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By Nacelle on
8 May 2018
The number of debt judgments registered in Jersey rose slightly during the first quarter of 2018, according to figures released by Registry Trust, the non-profit body that collects judgment information from jurisdictions throughout the British Isles and Ireland.
In Jersey, Registry Trust coll...
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By Hurlstons on
8 May 2018
The Channel Islands have an opportunity to play a key role in supporting a growing number of businesses that are concerned about protectionism but optimistic about their international prospects, according to HSBC's Head of Commercial Banking in the Channel Islands and Isle of Man, Warwick Long (...
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By Crystal PR on
8 May 2018
A challenging first quarter with bad weather contributed to an overall decrease in total departing visitors on Guernsey, according to the island's Office of the Committee for Economic Development.
Including cruise passengers and visiting yachtsmen, total visitor numbers decreased by 14.9 per ce...
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By States Of Guernsey on
8 May 2018
Calls from Guernsey for greater mutual recognition of financial regulatory standards have been endorsed in a new report from an independent thinktank.
The Institute of Economic Affairs (IEA) has made the recommendation as part of a report on improving global financial services regulation and ...
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By We Are Guernsey on
4 May 2018
Mourant Ozannes has appointed three Channel Island lawyers to the role of Counsel. Litigator Luke Olivier (pictured) and corporate and investment fund specialists Dylan Latimer and Leanne Wallser (pictured) moved into their new roles on 1 May.
Luke is a lawyer in the Jersey litigation practic...
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By Mourant Ozannes on
3 May 2018
Leveraged and fund finance specialist Julia Keppe has joined Ogier's Banking & Finance team as a Senior Associate.
Julia, who has previously practised in London and New York, joins the team in Jersey led by European Head of Banking and Finance Katrina Edge.
Julia's 12 years of experien...
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By Ogier on
3 May 2018
Concern about the vulnerability of Guernsey and Jersey trusts have been resolved by a Privy Council ruling last week, according to one of the litigators involved in the case.
A Guernsey Court of Appeal decision in 2015 had held that a creditor of a trustee may enforce a debt directly against a trus...
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By Orchard PR on
3 May 2018
Issue 56 of Businesslife – our annual Wealth Edition – is now available online.
This year, we decided to take a more global look at wealth and started off by looking both East and West at how Asian and US clients are using the Channel Islands and the distinct challenges and opport...
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By BL Global on
3 May 2018
Christopher Austin (pictured), Senior Associate at Parslows, explores some of the effects of extending the right to marriage in Jersey to same-sex couples
On 1 February this year, the States of Jersey voted in favour of the Marriage and Civil Status (Amendment No. 4) (Jersey) Law 201-. The new marr...
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By Parslows on
2 May 2018
First Names Group has made two Client Service Director appointments in the Channel Islands – Carola Zoni in Guernsey and Mike Pownall in Jersey.
Carola brings to the role broad experience administering corporate and private wealth structures for clients around the world. She joins First...
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By First Names Group on
2 May 2018
Digital Jersey has appointed 'smart cities' specialist Joe Dignan as a Special Adviser.
Joe will be advising Digital Jersey in the year it launches SandBox Jersey, its whole-island testbed proposition.
He is the founder of Kintechi, an independent consultancy focusing on delivering d...
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By Switch Digital on
2 May 2018
Natalie Harris has joined Jersey law firm Voisin as Head of Property.
Natalie has been advising clients on Jersey property transactions for more than 12 years. She moves to Voisin after seven years at Bedell Cristin, prior to which she worked for Mourant Ozannes.
She has extensive experienc...
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By Suzanne le Lay on
2 May 2018
Private equity investment in European companies hit a 10-year high in 2017, at €71.7bn – a 29 per cent year-on-year increase – according to new data from Invest Europe. Almost 7,000 companies gained investment, of which 87 per cent were small and medium-sized enterprises (SMEs).
In...
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By Invest Europe on
2 May 2018
A high-profile debate took place yesterday in the UK House of Commons and considered a set of amendments to the Sanctions and Anti-Money Laundering Bill. The debate has brought the issue of beneficial ownership and public registers back into the spotlight.
The result was that the amendment with res...
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By Crystal PR on
2 May 2018
Jersey-based data optimisation and privacy specialist Calligo has acquired Mico Systems, a Canadian specialist in outsourced IT management for SME clients.
The purchase of Mico Systems, based in Ontario, is the latest development in Calligo’s growth strategy in North America, following i...
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By Calligo on
1 May 2018
Carey Olsen has appointed Matthew Crawford as a consultant in its Cayman Islands dispute resolution and insolvency practice.
Matthew, who has broad commercial litigation and insolvency experience, particularly in the financial services sector, joins Carey Olsen after 11 years working at Maple...
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By Carey Olsen on
1 May 2018
Intertrust has has made three senior appointments Jersey.
In Capital Markets, Cheryl Heslop has been promoted to Associate Director. Cheryl joined the firm in 2004 and has 17 years’ experience in capital markets and structured finance. She sits on a number of boards, mostly for special ...
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By Orchard PR on
1 May 2018