Mourant Partner Mark Torode (pictured), who currently leads the Guernsey property practice, is to retire from Mourant to set up his own firm specialising in residential conveyancing.
Following Mark's departure, which is expected in September, Mourant will cease to provide residential conv...
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By Mourant on
29 May 2020
Bedell Cristin has advised Royal Bank of Scotland International, trading as NatWest International, in connection with a facility made available for the construction of Guernsey’s first Premier Inn hotel.
The team advised the bank on financing the development of the Admiral Park site by ...
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By Orchard PR on
29 May 2020
Following recent States of Guernsey announcements on exiting lockdown, the Guernsey Financial Services Commission has clarified its expectations in relation to deadlines for key financial returns going forward.
One-month delay
As per its March announcement, the Commission confirms that firms have ...
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By Guernsey Financial Services Commission on
28 May 2020
The Jersey Financial Services Commission has launched a consultation on proposed revisions to the handbooks on anti money laundering and countering the financing of terrorism. The revisions are required in order to implement the 2012 FATF recommendations.
The commission is recommending several mino...
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By Jersey Financial Services Commission on
28 May 2020
Jersey-based wealth manager Affinity Private Wealth has entered into an agreement to purchase corporate, fiduciary and trust services provider Pinnacle Trustees.
Subject to regulatory approval from the JFSC, the combined business will have more than 50 staff serving 350 clients globally. All ...
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By Affinity Private Wealth on
27 May 2020
Guernsey is to host an array of international speakers at its first Sustainable Finance Week in June.
Sustainable Finance Week will bring together sustainable finance specialists and private wealth and family office professionals, advisers and private investors from Europe, Switzerland, Hong Kong a...
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By We Are Guernsey on
27 May 2020
Tiller Technologies has formed a partnership with Sionic-Jersey, the Channel Islands division of financial services consulting firm Sionic.
Under the new partnership, Sionic will use Tiller’s WealthXcel Onboard – a multi-purpose digital client onboarding solution for financial serv...
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By Cornerstone Communications on
27 May 2020
A group of Jersey companies have jointly purchased Offshore Payroll (OP), a payroll service and software business that specialises in processing for jurisdictions that have unique tax and social rules.
The new owners include recruitment specialist Rowlands, financial strategist Purpose and t...
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By Offshore Payroll on
27 May 2020
The Jersey Competition Regulatory Authority (JCRA) has appointed Tim Ringsdore as its interim Chief Executive Officer, as the organisation prepares to split from the Channel Islands Competition and Regulatory Authorities (CICRA) at the end of June.
Tim is currently a Director of CICRA and tak...
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By ORCHID on
27 May 2020
The Aztec Group, along with Carey Olsen, has supported Deutsche Beteiligungs (DBAG) on the final close of its latest fund, Fund VIII, domiciled in Guernsey.
Founded in 1965 and with more than €2.5bn of assets under management and advisory, DBAG is a listed private equity firm with shares trade...
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By Aztec Group on
27 May 2020
Deloitte Channel Islands is to hold a series of eight webinars that provide guidance on a range of digital transformation topics as businesses look towards economic recovery from the Covid-19 pandemic.
The free-to-attend sessions will take place on Zoom twice a week as follows:
• 26 ...
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By Black Vanilla on
26 May 2020
The Jersey Financial Services Commission is asking for feedback on its proposed fee rates for the funds sector.
As outlined in the Commission's 2020 business plan, it is suggesting a 12.5% increase in the fee rates for fund services businesses, alternative investment funds, collective investmen...
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By Jersey Financial Services Commission on
26 May 2020
Lawyers from Carey Olsen's investment funds team in Jersey have advised Astarte Capital Partners on the Jersey aspects of the first closing of Yoo Capital Fund II (YCFII), the first in a series of funds launched by a partnership between Yoo Capital Investment Management and Astarte Capital.
&nbs...
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By Carey Olsen on
26 May 2020
A weekly return flight between Jersey and London Gatwick is to start next week to support essential travel to and from the island, the Government of Jersey has reported.
The service will be operated by Blue Islands as part of its agreement with the Government of Jersey to maintain lifeline ai...
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By Government of Jersey on
21 May 2020
Statistics Jersey has published its house price report for the first quarter of 2020. 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 2020 was 1% higher compared with the previous quarter (year endi...
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By Government of Jersey on
21 May 2020
The Government of Jersey has announced that lockdown restrictions on financial services businesses are being lifted from today.
The ‘Stay at Home’ order and ‘Essential Worker Scheme’ are being replaced by new workplace regulations that mean businesses can plan to gradua...
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By Government of Jersey on
21 May 2020
Hélène Narcy has been named as JT’s new Chief Financial Officer, taking up a position on the group board and executive committee.
She takes over from John Kent, who is retiring after serving in the role since 2012.
With more than 25 years’ experience in senior financ...
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By Direct Input on
20 May 2020
The Jersey Financial Services Commission (JFSC) has made two senior appointments.
John Gavey has been appointed Chief Operating Officer, responsible for the regulator’s operations. Joining the Executive Board, he will play a key role in the delivery of the JFSC’s strategic projects.
Ov...
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By Jersey Financial Services Commission on
20 May 2020
Carey Olsen and Slaughter and May have advised the Government of Jersey on its debut unsecured £500m Revolving Credit Facility (RCF).
The RCF will provide financial backing for various schemes initiated to support islanders and the Jersey economy through the Covid-19 pandemic.
The RCF ...
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By Carey Olsen on
20 May 2020
Guernsey-based IT managed services provider Resolution IT has recruited Robin Guilbert as a Senior IT Consultant.
Bringing more than 30 years' IT experience to the firm, Robin will work across a range of projects.
He joins after 14 years with Logicalis, where he has worked on large-scale...
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By Resolution IT on
20 May 2020
Financial services provider LGL has appointed Peter Messervy-Gross as its first Chief Information Officer, based in Jersey.
In his new role, Peter will be responsible for the development of LGL’s technology strategy, ensuring the business can support clients' evolving needs.
Peter has wo...
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By Refinery on
19 May 2020
Grant Thornton Channel Islands, in association with the Jersey Chamber of Commerce, has revealed the results of its recent Covid-19 business impact survey for Jersey.
• Turnover, cash flow and profits seriously depleted – 50% of those who responded to the survey believ...
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By Orchard PR on
18 May 2020
Mourant has announced senior promotions across its Guernsey and Jersey offices.
Litigators Sandra Duerden, Rachel Guthrie and Louise Hargreaves in the Guernsey office and corporate and fund specialists James Daniel, Laura Dauny, John MacFeeters in Jersey and Alana Gillies in Guernsey have all been ...
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By Mourant on
18 May 2020
Guernsey-based sustainability accreditation specialist ESI Monitor has appointed Claire Smith to its board as a Non-Executive Director.
Claire has more than 20 years’ experience in environmental law. Qualified in English and French law, she has worked in London, Birmingham and Card...
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By ESI Monitor on
18 May 2020
IoD Jersey is hosting a webinar on 28 May entitled Mind the Gap – A lack of digital skills on company boards is hurting organisations.
The virtual event, the second in IoD Jersey's Innovation Series, will feature speakers who will explore the potential damage that could be caus...
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By BWI on
18 May 2020
JTC has appointed Ronan Reilly (pictured right) as Managing Director and Imran Khan (pictured below) as Director of the company’s new Dublin office.
The appointments follow JTC’s recent acquisition of corporate services business Cornerstone in Dublin, which extends the company’s o...
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By Crystal PR on
18 May 2020
Collas Crill has acted as legal adviser to Channel Islands-based property developer Comprop, which has signed up to facilities with the Royal Bank of Scotland International to finance the construction of the Premier Inn on Admiral Park in Guernsey.
The development also includes the constructi...
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By Collas Crill on
18 May 2020
Carey Olsen has appointed wills and inheritance specialist Elizabeth Le Guillou as a Senior Associate in its Jersey trusts and private wealth practice.
Elizabeth has rejoined the firm, having previously worked in both the trusts and private wealth and dispute resolution teams between 2006 and...
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By Carey Olsen on
18 May 2020
Private equity and venture capital fundraising reached €109bn, up 6% in 2019 – the highest total over a decade – according to new data from Invest Europe.
In parallel, the total equity invested in European companies increased 10% year-on-year to €94bn in 2019, the highes...
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By Invest Europe on
14 May 2020
Jersey-based business consultancy Gibson Strategy has released the findings of a survey it carried out in April across Jersey and Guernsey, assessing the impact of Covid-19 on private wealth professionals.
Key points from Jersey
• Business disruption – 89% of contributors...
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By Gibson Strategy on
14 May 2020
The next IoD Wednesday Webinar, to be held on 20 May, will examine how Guernsey’s economy can recover from the coronavirus pandemic, using economic models to assess potential routes to stimulate the economy.
Running from 10am to 10.45am, financial modelling specialist Martyn Dorey (pic...
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By Black Vanilla on
14 May 2020
Peter Lucas has joined the board of Jersey-based financial advisory business Concentric as a Non-Executive Director and a voting member of the Concentric Investment Committee.
With more than 30 years’ experience of managing discretionary portfolios and funds, Peter has managed many asset clas...
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By Concentric on
13 May 2020
Guernsey estate agent Cooper Brouard has given an upbeat assessment of the local property market.
Since the easing of lockdown allowed viewing, valuations and the completion of property transactions, the property market has got off to a flying start. And in spite of concerns to the contrary, prices...
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By Hamilton Brooke on
13 May 2020
Digital Jersey has restored its board to full strength with the appointment of three Non-Executive Directors – Wendy Hall, Rob Kirkby and Tom Hacquoil.
Dame Wendy (pictured right) is Regius Professor of Computer Science at the University of Southampton. She co-chaired the UK government’...
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By Digital Jersey on
13 May 2020
Investment services group Ravenscroft has appointed Group Head of Fund Research Sam Dovey to the board of Ravenscroft Investment Management, which is responsible for the group’s discretionary investment management business and range of Huntress funds.
Sam started her career as an accountant b...
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By Ravenscroft on
13 May 2020
Funds and corporate services provider the Aztec Group has appointed Richard Anthony as Head of Real Assets in Jersey.
Richard joined the Group as a Client Relationship Manager in 2012, having previously worked in a fund administration role with Capita Fiduciary Group.
Since joining Aztec, he...
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By Aztec Group on
13 May 2020
Channel Islands investment firm Polygon Collective has expanded its commercial property portfolio with the acquisition of Bucktrout House in St Peter Port.
The firm, which also has a lease with an option to purchase on Les Vardes House in La Charroterie, plans to refit both buildings in tandem usin...
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By Polygon Collective on
13 May 2020
The Guernsey Financial Services Commission has released the following statement regarding its 2019 Annual Report:
The world’s circumstances have changed fundamentally with the arrival of Covid-19, which has become a major threat to global wellbeing and economic prosperity.
The extraordinary ...
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By Guernsey Financial Services Commission on
12 May 2020
Business leaders across the Channel Islands still have time to share their vision on what the world will look like post-coronavirus – as part of a special supplement being launched by Businesslife magazine.
The magazine will launch the Future Think bound-in thought-leadership supplement with ...
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By BL Global on
12 May 2020
Financial services group Oak has appointed four Directors to its Guernsey headquarters office.
Joe Woodward, Lucy Smith, Mark Fouracre and Tony Rigden have joined the firm's private client team to help develop Oak’s portfolio of corporate and private wealth structures.
Collecti...
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By Orchard PR on
12 May 2020
Ogier has assisted central and eastern European airline Wizz Air with its application to the Bank of England's Covid-19 financing facility, which has enabled it to strengthen its balance sheet and liquidity during the pandemic.
The Ogier team advised on the Jersey aspects of the applicatio...
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By Crystal PR on
12 May 2020
LGL has named Steve McKenna as its new Head of Debt, responsible for the development and growth of the firm's debt offering, focusing on private debt funds, capital markets and agency services.
Steve has more than 15 years of financial services experience and specialises in establishing and adm...
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By Refinery on
12 May 2020
Black Vanilla Managing Director Nichole Culverwell is hosting a free webinar at 1pm on 12 May, to share her insights into planning and internal communications campaigns.
As Guernsey’s lockdown eases, organisations are considering if, when and how they will bring staff back into the ...
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By Black Vanilla on
7 May 2020
Jersey-based financial services provider LGL Group has appointed Zena Couppey as Chief Commercial Officer.
Zena brings to the group more than 22 years of financial services experience, working with institutional investors, sovereign wealth funds and family offices.
She has served as an...
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By Refinery on
7 May 2020
Carey Olsen has advised ITI Digital on the establishment of a joint venture company that will pursue opportunities in bridging traditional and institutional markets with digital assets and blockchain technology.
Backing ITI Digital is ITI Group, a Guernsey company owned by fintech-focus...
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By Carey Olsen on
7 May 2020
If your laptop’s been on the go-slow and the spinning pizza’s been on overtime as you try to crunch a few numbers, fear not – quantum computing promises to deliver processing speeds you’ve never dreamed of. It won’t be on your desktop exactly, but it’s good to kno...
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By Alexander Garrett on
7 May 2020
Ashburton Investments, the Jersey-based asset management business of FirstRand Group, has signed an agreement with JTC to administer fund shareholder accounts following full regulatory approval.
The partnership will see JTC provide fund administration and fund accounting services to Ashburton...
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By Crystal PR on
5 May 2020
Guernsey's annual Funds Forum, which is usually held in London each May, is this year being replaced by a virtual event on Thursday 14 May.
The event, from 2pm to 3pm, will include an online discussion on the current state of the funds sector between John Moulton, Chair of The Internation...
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By We Are Guernsey on
5 May 2020
Intertrust has promoted Chris Adkins and Wayne Walden to Directors within its Guernsey-based Private Wealth Services business.
Chris (pictured far right) has been with the company for 14 years, previously serving as Trust & Corporate Services Manager. His earlier career included trust rol...
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By Orchard PR on
5 May 2020
BDO Guernsey has acquired local regulatory compliance specialist Cerberus.
As part of the move, Cerberus becomes BDO Cerberus Regulatory Consulting, which will champion the accountancy and business advisory firm's regulatory consulting services in Guernsey.
Cerberus, for...
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By Orchard PR on
4 May 2020
Business confidence has seen its largest quarterly fall on record, according to Deloitte’s latest CFO Survey – its quarterly survey of chief financial officers and group finance directors within major companies in the UK.
This reversal follows the Q4 2019 survey, which showed the ...
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By Deloitte on
4 May 2020
The International Stock Exchange (TISE) has become home to the first fund established in the Abu Dhabi Global Market (ADGM) to be listed on a recognised European stock exchange.
The Opus Global Growth Fund PC is a cell of open-ended Protected Cell Company (PCC) the Freedom Advantage Funds OEIC PCC....
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By TISE on
4 May 2020
When the dust settles, coronavirus will have forced many people to cancel business trips in recent weeks – and it may prompt some to have a bigger rethink about their business travel, how necessary it is, and whether they could do it better.
Air travel is a significant contributor towards glo...
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By Alexander Garrett on
4 May 2020
Grant Thornton, in association with the Jersey Chamber of Commerce, has produced a survey to measure the impact of Covid-19 on local businesses and the self-employed.
The survey seeks to determine how local businesses have adapted in the face of the crisis and what plans they are considering ...
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By Jersey Chamber of Commerce on
1 May 2020
Jersey-based investment manager Oakbridge has appointed David Smith as Compliance Officer.
David has worked in the finance sector for more than 25 years, the past four as a Supervisor within the Jersey Financial Services Commission.
Prior to that, he gained extensive discretionary...
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By Oakbridge on
1 May 2020