Business News Archive

« April 2019

May  2019  (33)

  • 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 2019

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