Business News Archive

« April 2019June 2019 »

May  2019  (54)

  • Sandpiper lists on TISE

    SandpiperCI new logoChannel Islands retailer SandpiperCI Group has listed and commenced dealings on The International Stock Exchange (TISE).   Sandpiper’s entire issued ordinary share capital has been admitted to the Official List of TISE, and dealings in the shares have commenced.    Sandpiper has...     [read more]

    By TISE on  31 May 2019 
  • HSBC survey highlights islands' wellbeing attraction

    John Goddard_HSBCNew global research from HSBC shows that homebuyers are fleeing cities due to growing concerns around pollution and mental health – and Guernsey and Jersey could be well positioned to capitalise on that and attract top talent, according to John Goddard (pictured), HSBC’s Head of Retail B...     [read more]

    By Crystal PR on  30 May 2019 
  • G4S announces Managing Director promotion

    Simon Haywood_G4SG4S Channel Islands has promoted Simon Haywood to Managing Director, who takes up the new role from 1 July.  Simon has been with the firm for 10 years, moving up from Security Solutions Manager to Director of Security Services and, most recently, Channel Islands Operations Director. Simon sta...     [read more]

    By ORCHID on  30 May 2019 
  • Ocorian appoints new Chairman

    Frederik van Tuyll_OcorianFrederik van Tuyll has been appointed to the board of the holding company of Ocorian as Chairman. Over a 25-year career, Frederik helped build owner-managed business Pierson, Herding & Pierson across the Asia Pacific region, based in Hong Kong, before joining Equity Trust as Head of Asia and th...     [read more]

    By Ocorian on  30 May 2019 
  • Equiom secures new equity partner

    Equiom logo 2019Professional services provider Equiom has announced a partnership with global alternative investment firm Värde Partners, which has invested in Equiom as a long-term equity partner to help fund its future expansion.  Värde joins equity partner LDC, which has supported Equiom’s ...     [read more]

    By Equiom on  30 May 2019 
  • Appleby advises bank on credit facility

    Appleby thumbnail logoOffshore law firm Appleby has advised JPMorgan Chase Bank in relation to the Jersey law aspects of a new $1.25bn asset-based revolving credit facility to the Adient Group.  The facility was used to pre-pay in full and terminate commitments under an existing credit agreement.   The Adient...     [read more]

    By Appleby on  29 May 2019 
  • CGWM: 35% of wealthy women do not invest

    CGWM logo 2019More than a third (35%) of high-net-worth women do not have an investment portfolio, compared with 17% of HNW men in the same position, according to YouGov research commissioned by Canaccord Genuity Wealth Management (CGWM). The study claims wealthy women are not confident that investments will mak...     [read more]

    By ORCHID on  28 May 2019 
  • Captima launches structured finance business in Jersey

    CAPTIMA white_LogoStructured finance firm Captima has launched a business in Jersey offering independent financing options for real estate borrowers, investors and developers. The firm, which was established in the Isle of Man over 10 years ago, is led in Jersey by Managing Director Mark Watson (pictured). Structur...     [read more]

    By leadership writing on  28 May 2019 
  • Comments: PwC and Jersey Finance

    BL62 coverNew PwC research reveals that matching the female employment rates in Sweden could boost Channel Islands GDP by a massive 6% (equivalent to £239m in Jersey and £168m in Guernsey). So how can our islands realise this potential, asks Leyla Vildirim (pictured), Chief Strategy Officer, PwC C...     [read more]

    28 May 2019 
  • TISE adds to Isle of Man office

    MikeLightfoot_CISEThe International Stock Exchange (TISE) has recruited Mike Lightfoot to its Isle of Man office as Business Development Manager at The International Stock Exchange Group (TISEG).  In his new role, Mike will help raise the visibility of TISE across the north of England, with a focus on SMEs and ...     [read more]

    By TISE on  24 May 2019 
  • Mourant Jersey head wins Women in Law Award

    Georgina Cook_MourantMourant Head of Property in Jersey Georgina Cook has won the offshore category in Lawyer Monthly magazine's Women in Law Awards. Each year, Lawyer Monthly dedicates an issue to women in the legal sector, to recognise the hard work and dedication of women across the legal sector. Georgina, who ...     [read more]

    By Mourant on  24 May 2019 
  • Management buyout for relocation specialist QRC

    Quintessential Relocation Consultants (QRC) win two national awards from the British Association of Relocation Professionals (ARP)Quintessential Relocation Consultants (QRC), which specialises in relocating private and corporate clients to Jersey, has undergone a management buyout.  The new joint owners and directors, Margot Aldridge and Lynn Leech, bought the company from the original founder, Jo Stoddart, in April. The...     [read more]

    By QRC on  23 May 2019 
  • Jersey Q1 house prices report published

    Statistics Jersey logoThe Jersey House Price Index report for the first quarter of 2019 has been published by Statistics Jersey. The key points are as follows: • On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2019 was essentially unchanged compar...     [read more]

    By Government of Jersey on  23 May 2019 
  • IQ-EQ appoints Client Service Directors in Guernsey

    Tim Wilson IQ-EQInvestor services group IQ-EQ has appointed Andrew Elder and Tim Wilson as Client Service Directors in its Guernsey office.  The appointments follow the firm’s recent global rebrand from SGG Group, which included Augentius, First Names Group and Moore Management.  Prior to joining ...     [read more]

    By IQ-EQ on  23 May 2019 
  • Liquid appoints Guernsey Account Director

    Carolyn van VlietLocal PR, design and marketing consultancy Liquid has appointed Carolyn van Vliet as Account Director.  Carolyn joins Ian Le Moigne in the Guernsey office, having originally worked with Liquid as a consultant in 2018 before going on maternity leave.  She has extensive knowledge of the PR...     [read more]

    By Liquid on  23 May 2019 
  • Books and podcasts: incompetent men, Jo Malone and more

    BL_Books thChoosing leaders Why Do So Many Incompetent Men Become Leaders? (and how to fix it) by Tomas Chamorro-Premuzic (Harvard Business Review Press, £13.76 [Amazon], hardback) may seem self-evident from the title, but it’s actually more about how we choose leaders, and how we could do it bett...     [read more]

    By Alexander Garrett on  23 May 2019 
  • Mourant advises on landmark blockchain deal

    mourant logo 2018Mourant has advised blockchain specialist 20|30 on the first ever settlement of privately offered equity using blockchain technology in the European Union. The Mourant team acted as Guernsey counsel, led by Corporate Partner Frances Watson, with assistance from Associate Alasdair McKenzie. Evershed...     [read more]

    By Mourant on  22 May 2019 
  • Standard Bank appoints Jersey Chief Executive

    CharlesMolteno_Standard BankStandard Bank Jersey has appointed Charles Molteno (pictured) as Chief Executive of Standard Bank Jersey and Island Head Jersey, effective immediately.  Charles takes over these positions from Will Thorp, who additionally retains the pan-island position of Chief Executive of Standard Bank Weal...     [read more]

    By BWI on  22 May 2019 
  • Equiom Jersey appoints new Managing Director

    SteveLeSeelleur_Equiom MD_may19Equiom Jersey has appointed Steve Le Seelleur as Managing Director.  An associate of the Chartered Institute of Bankers, Steve brings more than 35 years of experience in the Jersey financial services industry.  In his previous role as a Director at HSBC, also based in Jersey, Steve manag...     [read more]

    By Equiom on  21 May 2019 
  • Guernsey forges green finance collaboration

    GuernseyGreenFinance logoGuernsey Green Finance and Green Finance Initiative have confirmed their mutual support and commitment to collaborating to promote the development of green and sustainable finance.   Representatives of the two organisations met at City Week, the international financial services conference in Lo...     [read more]

    By We Are Guernsey on  21 May 2019 
  • KPMG makes management promotions

    HannahLayer_KPMGKPMG in the Channel Islands has recently promoted seven people in Jersey and Guernsey into senior management positions: • Graham Hickey, Senior Audit Manager, Jersey – previously Audit Training Manager, he has been with the firm since 2012 in both Jersey and Guernsey. • Abbie Hirst, ...     [read more]

    By Refinery on  21 May 2019 
  • Who's Who honours top law firms

    Who's Who LegalThe Who's Who Legal Awards, held last week, highlighted several firms with Channel Islands operations in this year's presentation ceremony. As part of the Country and State Awards, Carey Olsen was named Guernsey Legal Firm of the Year, while Mourant Ozannes took the Jersey Legal Firm of the...     [read more]

    By BL Global on  20 May 2019 
  • IoD names top Jersey Directors

    IoD LogoSeven individuals from the private, public and voluntary sectors in Jersey were recognised for their leadership qualities and achievements at the IoD Director of the Year Awards on Friday, held at the Royal Yacht Hotel in St Helier. The winners were: • Director of the Year – Corporate So...     [read more]

    By Natasha Egre on  20 May 2019 
  • LTS Tax makes senior appointments

    Julian Turian_LTSGuernsey-based LTS Tax has made four senior appointments: Julian Turian as a Tax Director, Helen Salisbury as a Tax Manager, and Katie Roberts and Richard Ozanne as Assistant Tax Managers.  Julian, Katie and Richard previously worked together at Intertrust and between them provide Guernsey and...     [read more]

    By Black Vanilla on  20 May 2019 
  • UN recognises Jersey work on asset recovery

    Government of Jersey logo 2019United Nations officials have recognised Jersey’s good practice in returning stolen assets to their rightful country.   At an international meeting in Addis Ababa, the Officer-in-Charge of the Corruption and Economic Crime Branch of the United Nations Office on Drugs and Crime (UNODC), B...     [read more]

    By Government of Jersey on  20 May 2019 
  • Citywealth Magic Circle Awards 2019 winners announced

    citywealth logoThe Citywealth Magic Circle Awards 2019, which took place last night at the The Landmark London Hotel, recognised the best wealth managers and advisors in the private wealth industry.  More than two hundred companies and individuals competed over the year for the coveted awards. The contest in...     [read more]

    By Citywealth on  17 May 2019 
  • Walkers hires Guernsey Partner

    Rajah Abusrewil_WalkersOffshore law firm Walkers has named Rajah Abusrewil as a Partner in its Guernsey-based Private Capital & Trusts practice.  Rajah brings more than 15 years' experience to the firm, having previously been a Trust and Fiduciary Partner at Babbé.   Alongside her experience in ...     [read more]

    By Walkers on  15 May 2019 
  • SandpiperCI names new CFO

    Tony van der Hoorn_SandpiperSandpiperCI has appointed Tony van der Hoorn as Chief Financial Officer and IT Director. Tony’s professional experience started with KPMG in New Zealand, where he qualified as a chartered accountant before being transferred to the UK management consulting practice. He has subsequently held s...     [read more]

    By Addendum PR on  15 May 2019 
  • Jersey consumer debt judgments plunge

    Registry Trust logoThe number and total value of debt judgments in Jersey fell in the first quarter of 2019 compared with the same period 2018, according to figures released today by Registry Trust.   There were 448 judgments registered in Jersey during Q1 2019, 17% fewer than in the first three months of 2018. T...     [read more]

    By Hurlstons on  14 May 2019 
  • Louvre announces two senior promotions

    Leon Smith_LouvreLouvre Trust (Guernsey) has promoted Leon Smith and Ed Riley within its compliance team. Leon (pictured right) takes a position on the board as Fiduciary Risk & Compliance Director, while Ed becomes Money Laundering Compliance Officer. Leon, who joined Louvre in 2017, has over 35 years of ...     [read more]

    By Black Vanilla on  14 May 2019 
  • BL62: Regulation watch

    BL62 coverRegulation watch: financial crime The Guernsey Financial Services Commission (GFSC) has brought its anti-money laundering and countering financial crime framework in line with international standards, as Anthony Williams and Andrew Murphy report The GFSC’s revised Countering Financial Crime ...     [read more]

    By Law firms on  14 May 2019 
  • Top industry listing for Liquid

    liquid logo thumbnailChannel Islands communications consultancy Liquid has been named in the top 25 listing of PR firms outside London – and among the sector’s most successful 150 companies in the UK. The annual listing, compiled by PRWeek magazine, also revealed that Liquid has for the first time join...     [read more]

    By Liquid on  14 May 2019 
  • Ogier appoints Managing Associate

    james-angus_ogierAdvocate James Angus in Ogier's Jersey Dispute Resolution team has been promoted to Managing Associate. James joined Ogier in 2017, and advises clients on contentious and cross-border insolvency and restructuring, contentious trusts and succession matters, as well as complex financial services ...     [read more]

    By Ogier on  14 May 2019 
  • Senior States adviser Colin Powell dies

    Colin Powell CBESenior States adviser Colin Powell CBE – widely regarded as the architect of the financial services scene in Jersey – has passed away, the Jersey Evening Post has reported. Colin Powell was appointed as an Economic Adviser to the States of Jersey in 1969 after working for five years in ...     [read more]

    By BL Global on  13 May 2019 
  • Appleby announces senior promotions

    JaredDann_ApplebyAppleby has announced several promotions across its global offices, including two in Jersey. The firm has appointed John Wasty (Bermuda) and Mark Holligon (Isle of Man) as Co-Heads of the Dispute Resolution Global Practice Group. John has been admitted in six jurisdictions and specialises in the a...     [read more]

    By Appleby on  13 May 2019 
  • Talking points: sustainability, house prices and more

    BL_Talking PointsSustainable boom The number of sustainable equity and bond funds in the US soared from 235 in 2017 to 351 in 2018, according to a new report by investment research firm Morningstar. The total amount under management  was $161bn. The firm’s Sustainable Funds US Landscape Report rebutted t...     [read more]

    By Alexander Garrett on  13 May 2019 
  • GFSC releases 2018 Annual Report

    GFSC publicationsThe Guernsey Financial Services Commission has published its 2018 annual report and financial statements. Among the themes explored in the report is the level of new financial services business coming to the island last year, with the investment sector in particular seeing an uplift in applications...     [read more]

    By Guernsey Financial Services Commission on  9 May 2019 
  • Carey Olsen advises on £60m property sale

    careyolsen logo_2017A cross-practice team from Carey Olsen has advised an overseas investor on its successful purchase of Martello Court and Dorey Court in Guernsey for £60.65m from a fund advised by Brockton Capital.   The prime office buildings, which are located at Admiral Park in St Peter Port, offer 89,...     [read more]

    By Carey Olsen on  9 May 2019 
  • GFSC issues thematic review on beneficial ownership

    GFSC logoThe Guernsey Financial Services Commission has issued its report on the thematic review of beneficial ownership of Guernsey and Alderney legal persons managed or administered by fiduciary licensees. The review was undertaken during the latter part of 2018 and the early part of 2019. An estimated 3,...     [read more]

    By Guernsey Financial Services Commission on  9 May 2019 
  • Businesslife 2019 Wealth edition now online!

    BL62 coverIssue 62 of Businesslife – our 2019 Wealth edition – is now available online.  In this issue, we take a look at the latest trends in wealth management. Two, in particular, stand out: the entrance of the millennial generation into the arena of wealth owners, and a shift towards spen...     [read more]

    By BL Global on  8 May 2019 
  • RBC Wealth Management makes key appointment

    Dave Thomas_RBCRBC Wealth Management, part of Royal Bank of Canada (RBC), has announced the appointment of Dave Thomas 9pictured) as Head of RBC Wealth Management – International. Dave will lead RBC’s Wealth Management businesses in the UK and the Channel Islands, but will continue his role as Chief E...     [read more]

    By Greentarget on  8 May 2019 
  • GFSC consults on Financial Crime Handbook changes

    GFSC logoThe Guernsey Financial Services Commission is undertaking a short consultation on changes proposed to rules and guidance in the Handbook on Countering Financial Crime and Terrorist Financing (version issued 1 March 2019).   This follows the publication on 7 May 2019 of the Criminal Justice (Pr...     [read more]

    By Guernsey Financial Services Commission on  7 May 2019 
  • C5 to hold events on digital transformation

    C5_logo_2019C5 Alliance is hosting events in Guernsey and Jersey that aim to help businesses tackle digital transformation.  The events – Digital Transformation: your journey to the cloud – are being held in partnership with IT firm Hewlett Packard Enterprise and US cloud data management compa...     [read more]

    By Orchard PR on  7 May 2019 
  • Double award win for Oi

    Oi new logoChannel Islands creative and digital marketing agency Oi has won a Platinum and a Gold Award at the recent Hermes Creative Awards, for its work with Guernsey airline Aurigny. The agency picked up Platinum, the highest accolade, for the design of En Voyage, Aurigny’s bi-monthly inflight m...     [read more]

    By Oi on  7 May 2019 
  • PE investment in Europe hits new high

    InvestEurope_logoPrivate equity investment in European companies reached a new record of €80.6bn in 2018, a 7% year-on-year increase, according to Invest Europe.  Private equity funds invested in over 7,800 companies, also a new record, with 86% of the total made up by small and medium-sized enterprises. ...     [read more]

    By Invest Europe on  7 May 2019 
  • PraxisIFM names new Group CEO

    Cees Krijgsman_PraxisIFMPraxisIFM has named Cees Krijgsman (pictured) as its new Group Chief Executive, following the announcement by current CEO Simon Thornton that he is to retire. Netherlands-born Cees is currently CEO of InAdmin RiskCo, the group’s technology-led pension administration business.  He has wo...     [read more]

    By PraxisIFM on  3 May 2019 
  • Aztec Group makes two senior promotions

    Mark WanlessFund and corporate services provider Aztec Group has made two senior promotions – Mark Wanless (pictured left) to Chief Operating Officer (COO) and Paul Conroy to Group Head of Real Assets and Private Debt.  With the group for over 10 years, Mark has played an instrumental role in its gr...     [read more]

    By Aztec on  2 May 2019 
  • Jersey and Bahrain sign digital innovation agreement

    DigitalJersey_logo2018Jersey and Bahrain have today signed a Memorandum of Understanding to work together to drive digital innovation across both jurisdictions, to encourage more women into the sector, and to assist entrepreneurs to create digital businesses, products and services – with a focus on those that ...     [read more]

    By Digital Jersey on  2 May 2019 
  • Sure appoints to new business development role

    Christopher Szulc_SureSure International has appointed Christopher Szulc as Enterprise Business Development Manager. The newly created role is focused on working with new enterprise customers to provide telecommunications solutions and services that best fit their needs.  Educated in South Africa and the UK, Chris...     [read more]

    By Orchard PR on  2 May 2019 
  • Guernsey visitors up 22% in Q1

    Total staying visitors, the high-value segment of the tourism market that spend at least one night in Guernsey, increased by 9% in quarter 1 of 2019 versus the same period in 2018 (+2,199 visitors), with those visitors staying for leisure purposes increasing by 22% (+1,375 visitors). According to f...     [read more]

    By States Of Guernsey on  2 May 2019 
  • GIFA announces name change

    GIFA new logo 2019The Guernsey Investment Fund Association (GIFA) has updated its name and logo to the Guernsey Investment & Funds Association.    The association, which this year marks its 30th anniversary, added the Guernsey Investment Managers & Stockbrokers Association (GIMSA) to its member...     [read more]

    By EY on  2 May 2019 
  • Mourant announces promotions

    Lily Oliveira_mourantOffshore law firm Mourant has announced a range of promotions, including seven Counsel appointments and an Associate Director. The Counsel promotions include Catherine Moore and Chris Duncan within the International Trusts & Private Clients team in Guernsey, and Matt McManus in the Jersey Funds...     [read more]

    By Mourant on  1 May 2019 
  • Brooks Macdonald issues FUM report

    Brooks Macdonald logoA rise in net new business helped the Channel Islands subsidiary of AIM-listed investment management group Brooks Macdonald to record a positive performance for the third quarter of its financial year, ending 31 March 2019.  According to figures published by the Group as part of its quarterly ...     [read more]

    By Crystal PR on  1 May 2019 
  • Investec appoints Channel Islands MD

    Brendan StewartBrendan Stewart has been appointed Managing Director of Investec Private Bank in the Channel Islands and Isle of Man. He succeeds Stephen Henry, who is retiring after 10 years in the post.  Brendan has held a number of senior roles with Investec Bank in South Africa during his 14 years with th...     [read more]

    By ORCHID on  1 May 2019 

« April 2019June 2019 »

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