Business News Archive

« October 2018

November  2018  (57)

  • Geoff Cook joins Mourant

    Geoff-Cook_GF_2018Offshore legal and governance services provider Mourant has announced that departing Jersey Finance CEO Geoff Cook will join the firm as a consultant early next year. After 12 years at Jersey Finance, Geoff is transitioning to work with Mourant as part of a change in career direction. This role is ...     [read more]

    By Mourant on  20 November 2018 
  • JTC completes Minerva acquisition

    JTC Logo 2018JTC has today completed its acquisition of Minerva, the Jersey-headquartered global provider of private client, corporate, fund and treasury services. Having announced a conditional agreement to acquire Minerva on 6 September, regulatory approvals have been granted to conclude the deal.  As w...     [read more]

    By Crystal PR on  20 November 2018 
  • Le Gallais & Luce appoints first female Managing Partner

    MarianneShaw_LeGallaisSolicitor Marianne Shaw has been appointed to the role of Managing Partner at Jersey law firm Le Gallais & Luce with immediate effect.  Marianne is the first woman to be appointed to this role in the firm's 90-year history and, at the age of 36, she is also the youngest Partner to...     [read more]

    By Freedom Media on  20 November 2018 
  • Collas Crill makes senior hire

    CerisseFicher_collascrillCollas Crill has expanded its international trusts and private client practice with the appointment of Cerisse Fisher as Senior Associate. Cerisse specialises in all aspects of Guernsey trust law, advising trustees, family offices, high-net-worth individuals and intermediaries on the creation, rest...     [read more]

    By Collas Crill on  20 November 2018 
  • Jersey consults on lending and pensions

    States of Jersey logo 2017The States of Jersey has published two consultation papers proposing to regulate consumer lending and pensions business within a financial services regulatory framework. Despite the financial services industry in Jersey being recognised as well regulated, with high standards of consumer protection,...     [read more]

    By States of Jersey on  19 November 2018 
  • Equiom appoints Global Chief Operating Officer

    Nick Evans_Equiom_Nov18Professional services provider Equiom has appointed Nick Evans to the newly created role of Global Chief Operating Officer.  Reporting to Global CEO Sheila Dean, Nick will be responsible for the day-to-day operation of the company. He will also lead the team of jurisdictional Managing Director...     [read more]

    By Equiom on  19 November 2018 
  • JTC appoints two Senior Directors

    Rebecca Bettany_JTCLondon Stock Exchange-listed financial services provider JTC has appointed two Senior Directors within its Private Wealth Services division – Rebecca Bettany and Karen O'Hanlon. In her new role, Rebecca (pictured right) will lead the day-to-day running of the firm's recently laun...     [read more]

    By Crystal PR on  19 November 2018 
  • UK reaffirms commitments to Jersey in Brexit negotiations

    Ian GorstAs Brexit preparations continue, the UK government has written to reaffirm its “commitment to the historic and valued constitutional relationship between the UK and Jersey”. The minister responsible for Crown Dependency issues, Lord Keen, wrote to the External Relations Minister, Senato...     [read more]

    By States of Jersey on  19 November 2018 
  • Ward Yates advises in Qatari buy

    VictoriaYates_WardYatesJersey-based law firm Ward Yates has advised Katara Hospitality, a global hotel owner, developer and operator based in Qatar, on the acquisition of the Grosvenor House Hotel on Park Lane, London, in conjunction with Linklaters.   Katara is owned by the sovereign wealth fund Qatar Investment Aut...     [read more]

    By Ward Yates on  19 November 2018 
  • Jersey Finance welcomes CIVs guidance

    Jersey Finance lionJersey Finance has welcomed the release of a Technical Note – Taxing gains made by non-residents on UK immovable property in Collective Investment Schemes – and associated clauses within the draft Finance (No. 3) Bill, setting out the provisions for non-resident collective investment veh...     [read more]

    By We Are Guernsey on  19 November 2018 
  • HSBC Expat wins innovation award

    HSBC logoHSBC Expat, which is headquartered in Jersey, has been recognised for its commitment to innovation in expatriate banking, winning the EMMA award for Expatriate Banking and Financial Services Innovation for the sixth consecutive year.  The EMMAs (Expatriate Management & Mobility Awards) wer...     [read more]

    By Crystal PR on  19 November 2018 
  • Funds Forum 2019: early bird tickets on sale

    BL Events logoBL Global has announced the date for next year’s Channel Islands Funds Forum (CIFF) and is offering a limited number of early bird tickets at £150 (full price £395).  Now in its ninth year, this is the Channel Islands’ largest funds event and will take place o...     [read more]

    By BL Global on  16 November 2018 
  • Guernsey retains captives title

    We Are Guernsey logoGuernsey was for the second year running named best non-EU domicile at the 2018 European & UK Captive Awards, held in Luxembourg on Tuesday. The judging panel noted that Guernsey continued to lead the way for captive formations in Europe – more than half of the 17 new licensed structures ...     [read more]

    By We Are Guernsey on  16 November 2018 
  • Guernsey Q3 visitor stats released

    Q3 2018 saw an increase of 1,388 visitors (0.7 per cent) on the same period last year, including cruise ship and visiting yacht passengers. This was largely driven by a strong increase in visitors travelling on cruise ships (up 14.9 per cent). Excluding cruise ships and visiting yachts, there were ...     [read more]

    By States Of Guernsey on  16 November 2018 
  • Mourant launches lawyer network

    mourant logo 2018The Jersey In-house Network, set up by Mourant in a bid to connect in-house lawyers, has been launched this week.  The law firm plans to deliver a varied programme of events to explore the issues faced by in-house lawyers at all levels, from managing their career progression to integrating leg...     [read more]

    By Mourant on  15 November 2018 
  • Carey Olsen and JTC support London listing

    careyolsen logo_2017Carey Olsen's Guernsey funds team and funds service provider JTC have assisted CEIBA Investments in listing on the Specialist Fund Segment (SFS) of the London Stock Exchange.    CEIBA is said to be the largest listed foreign investor offering investment opportunities into Cub...     [read more]

    By Carey Olsen on  15 November 2018 
  • Islands respond to Brexit developments

    EU logoGavin St Pier (pictured), Guernsey's President of the Policy & Resources Committee, has issued a statement on the UK's Withdrawal Agreement from the EU, announced this week. "Guernsey and the UK government remain in regular contact in relation to both the Withdrawal Agreement and t...     [read more]

    By BL Global on  15 November 2018 
  • Ogier advises on North Sea gas field

    Ogier new logoOgier has advised on the £170 million development of the Finlaggan gas field in the North Sea by Zennor Pathway.   An Ogier team, led by Partner Simon Dinning and Senior Associate Oliver Richardson, advised on the Jersey law aspects of the financing for the development. The Finlaggan gas...     [read more]

    By Crystal PR on  15 November 2018 
  • CI leader named in CIPR roll of honour

    SteveFalla_OrchardThe Chartered Institute of Public Relations (CIPR) has included Channel Island PR company Orchard's founder and former Managing Director, Steve Falla, in a list of 70 members who’ve demonstrated an outstanding contribution to the CIPR and the wider PR community.   In his current role,...     [read more]

    By Orchard PR on  15 November 2018 
  • GFSC launches handbook on tackling financial crime

    GFSC logoThe Guernsey Financial Services Commission has this week issued its revised Handbook on Countering Financial Crime and Terrorist Financing. This follows publication of the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance 2018, which, once approved by the States of ...     [read more]

    By Guernsey Financial Services Commission on  15 November 2018 
  • Jersey Finance unveils Gulf research at DIFC office launch

    Jersey Finance lionHigh-net-worth clients in the Gulf region are poorly prepared and inadequately structured for the transition of wealth across generations. So said 92 per cent of respondents in a survey report launched by Jersey Finance at the opening of its new office in the Dubai International Finance Ce...     [read more]

    By Crystal PR on  14 November 2018 
  • IFLR1000 rankings 2019 revealed

    IFLR1000 logoThe IFLR1000 rankings and ratings for 2019 have been published, ranking firms and lawyers on the basis of financial and corporate transactional work. The rankings for the Channel Islands are as follows: JERSEY Financial and corporate Tier 1 – Carey Olsen; Mourant Ozannes; Ogier Tier 2 &ndash...     [read more]

    By BL Global on  14 November 2018 
  • Enhance sells treasury services in MBO

    Enhance logoJersey-based investment consultancy Enhance Group has sold its treasury services through a management buyout, to allow it to focus on the reporting and consultancy aspects of its business, and fintech. The new company, Bespoke Treasury Solutions, will provide a variety of cash management ...     [read more]

    By Enhance Group on  14 November 2018 
  • Aztec Group to administer VinaCapital fund

    AztecGroup logo 2018Fund and corporate services provider the Aztec Group has been appointed to provide administration services to VinaCapital’s Vietnam Opportunity Fund (VOF). Established in 2003, VOF is a Guernsey-domiciled, closed-ended investment company listed on the Main Market of the London Stock Exchange....     [read more]

    By Aztec on  14 November 2018 
  • Investec Bank appoints new board member

    FionnualaCarvill_InvestecInvestec Bank (Channel Islands) has appointed Fionnuala Carvill (pictured) to its board as a Non-Executive Director.  Fionnuala has held a number of senior industry positions, including Commission Secretary and Head of Innovation at the Guernsey Financial Services Commission. Among her many p...     [read more]

    By ORCHID on  14 November 2018 
  • EY survey reveals cybersecurity priorities

    EY cyber reportThis year’s EY Global Information Security Survey 2018-19 – Is cybersecurity about more than protection? – shows that cybersecurity is continuing to rise up the board agenda.  The survey, of more than 1,400 cybersecurity and risk leaders from organisations with revenues rangi...     [read more]

    By EY on  13 November 2018 
  • JFSC appoints two Commissioners

    Mark Hoban_JFSCThe Jersey Financial Services Commission (JFSC) has announced the appointment of two new Commissioners to its board. Mark Hoban and Monique O’Keefe were sworn in on Friday 9 November by the Royal Court and will begin their five-year terms on 1 December. Mark’s appointment is with a view...     [read more]

    By Jersey Financial Services Commission on  13 November 2018 
  • Ogier advises on launch and listing

    Ogier new logoAn Ogier team in Guernsey has advised Merian Chrysalis Investment Company, a newly incorporated Guernsey-registered investment scheme, on its initial public offering and admission to trading on the Main Market of the London Stock Exchange (LSE). A team led by Group Partner Craig Cordle and Senior A...     [read more]

    By Ogier on  13 November 2018 
  • Le Gallais & Luce names Senior Associate

    ChristopherAustin_LeGallaisAdvocate Christopher Austin has joined the litigation team at Le Gallais & Luce as a Senior Associate. Chris is a litigation specialist and will handle all types of litigation work for the firm, including employment disputes, contractual agreements and property issues, as well as contentio...     [read more]

    By Freedom Media on  12 November 2018 
  • Jersey Private Fund figures released

    Jersey Finance lionMid-year figures from the Jersey Financial Services Commission (JFSC) show that the Jersey Private Fund structure (JPF), launched last year, continues to show strong appeal across the alternative asset classes. According to the JFSC, 130 JPFs had been established by 30 June this year, holding combi...     [read more]

    By Crystal PR on  12 November 2018 
  • EY makes senior CI promotions

    EY_Nishtha GargEY has announced a number of senior management promotions across its Channel Islands offices.  Nishtha Garg, Haley Ison, David Mosley and Njoki Muiruri have moved up to Senior Manager and Nicoline Armatas has been promoted to Manager, all within the assurance team.  Nishtha has over 14 y...     [read more]

    By EY on  12 November 2018 
  • Strong upswing for property market

    Skipton castleThe latest House Price Index has reported the second highest number of quarterly property transactions Guernsey this decade. A total of 251 transactions took place in the third quarter of the year, 68 more than the previous quarter, demonstrating a continued upswing for the local market. According...     [read more]

    By Direct Input on  12 November 2018 
  • PraxisIFM adds to funds division

    JoshFarrow_PraxisThe recently established Praxis Fund Services (Jersey) has appointed Josh Farrow as Associate Director. He will manage the team on a day-to-day basis.  Josh has more than 10 years’ industry experience, having started his career at Jersey-based State Street Alternative Investment Sol...     [read more]

    By PraxisIFM on  9 November 2018 
  • Citywealth Future Leaders announced

    citywealth logoThe winners of the Citywealth Future Leaders Awards were announced last night in London. The awards, now in their fourth year, are open to all wealth management professionals under the age of 40. They recognise the excellence of young professionals in furthering their career through leadership qual...     [read more]

    By Citywealth on  9 November 2018 
  • Willis Towers Watson to hold cyber resilience seminar

    WillisTowersWatson WTW logoGlobal advisory and broking company Willis Towers Watson is to hold a seminar focusing on cyber resilience on 22 November from 8.30am to 10.30am at The Royal Yacht Hotel, St Helier.   Matt Palmer, Senior Director, Cyber Risk Management, at Willis Towers Watson, and Chris Jackson, the firm's...     [read more]

    By Willis Towers Watson on  8 November 2018 
  • Jersey named top IFC at Gulf awards

    Jersey Finance lionJersey has won the award for Best International Finance Centre at the WealthBriefing GCC Region Awards, held in Dubai on Wednesday. he awards celebrate achievement and showcase those who have demonstrated top-class performance and innovation in the Gulf region throughout 2018. Jersey’s ...     [read more]

    By Jersey Finance on  8 November 2018 
  • STEP Private Client Awards announced

    STEP new logoThe STEP Private Client Awards 2018/19 took place in London on Wednesday, celebrating the achievements of the leading lights in the wealth management industry. The winners were:  Accountancy Team of the Year (large firm) – BDO Accountancy Team of the Year (midsize firm) – Sagars C...     [read more]

    By BL Global on  8 November 2018 
  • States issues guidance for proposed taxation law

    States of Jersey logo 2017A document designed to provide companies with guidance on how the States’ draft Taxation Companies Economic Substance Law will operate has been published this week. The Minister for External Relations, Senator Ian Gorst, last month lodged the proposed law for debate by the States Assembly at ...     [read more]

    By States of Jersey on  8 November 2018 
  • EY announces economic substance seminar

    Wendy MartinEY is to hold a seminar on the Economic Substance proposals on Friday 23 November at 9am, at The Royal Yacht Hotel, St Helier. EY Channel Islands Head of Tax Wendy Martin and Tax Director Áine Slater will be joined by Tom Le Feuvre and Paul Eastwood from the States of Jersey, who have been i...     [read more]

    By EY on  8 November 2018 
  • Carey Olsen advises on launch of Jersey ICO

    careyolsen logo_2017Carey Olsen has worked with Clarity, the creator of a new blockchain platform for small businesses and investors, on the initial coin offering (ICO) of its Clarity Project utility token.   The Clarity platform is designed to be a one-stop shop for small business owners worldwide, giving them co...     [read more]

    By Carey Olsen on  8 November 2018 
  • Guernsey joins UN European green finance network

    We Are Guernsey logoThe United Nations’ Financial Centres for Sustainability (UN FC4S) has this week launched its European arm in Dublin, Ireland, and Guernsey is one of nine financial centres involved.   Andy Sloan (pictured), Deputy Chief Executive, Strategy, at Guernsey Finance, commented: “We ...     [read more]

    By We Are Guernsey on  8 November 2018 
  • New MD at Intertrust in Guernsey

    MarieMcNeela_IntertrustMDIntertrust in Guernsey has appointed Marie McNeela as its new Managing Director. She officially takes up the new position on 1 December.   Marie, who has more than 20 years’ experience in the global fiduciary and corporate industry, was previously Head of Corporate Client Services at Inte...     [read more]

    By Orchard PR on  7 November 2018 
  • HSBC names new islands CEO

    SueFox_HSBCHSBC has named Sue Fox as its new Chief Executive Officer in the Channel Islands and the Isle of Man. The appointment will be effective from 1 February 2019, subject to regulatory and other approvals. Sue is currently CEO of M&S Bank, which is part of the HSBC Group, and she has been ...     [read more]

    By Crystal PR on  7 November 2018 
  • Equiom appoints to client services team

    PeterMarsh_EquiomProfessional services provider Equiom has appointed Peter Marsh as Client Services Director, based in Jersey. Peter has more than 23 years’ experience in the financial services industry. He has worked in senior trust roles in a number of independent and bank-owned financial institutions in Je...     [read more]

    By Equiom on  6 November 2018 
  • Carey Olsen swears in Guernsey Advocate

    FayWarrilow_COCarey Olsen Associate Fay Warrilow has been admitted as an Advocate of the Royal Court of Guernsey.   Advocate Warrilow, who is a member of the firm's Litigation and Dispute Resolution practice, was called to the Guernsey Bar at a swearing in ceremony at the Royal Court on Monday 5 November...     [read more]

    By Carey Olsen on  6 November 2018 
  • Seaton Place completes Gaspé House purchase

    Gaspe House_Andy Le Gresley Photography 2018Investment adviser Seaton Place has purchased Gaspé House, in what is said to be the largest single commercial office acquisition in the Channel Islands. The Grade A building stands in a prime waterfront location in St Helier's new business district, the Esplanade Quarter. It was complet...     [read more]

    By BL Global on  6 November 2018 
  • TSG names CEO after restructure

    Andy Delaney–TSGJersey IT specialist TSG (formerly Total Solutions Group) has appointed Andy Delaney as its Chief Executive Officer.  Andy has been operating as Chief Operating Officer since January, and his appointment coincides with the group’s restructure into three businesses – two export prod...     [read more]

    By ORCHID on  6 November 2018 
  • IoD Guernsey seminar to focus on the future

    IoD LogoThe Institute of Directors Guernsey's upcoming Winter Seminar is set to provide an insight into the benefits and risks of new technology, particularly in relation to the advancement of boards. The seminar, entitled The Shape of Things to Come, will be held at the Old Government House on Friday ...     [read more]

    By Direct Input on  6 November 2018 
  • Startup Guernsey sets out Entrepreneurship Week

    Startup Guernsey logoStartup Guernsey is to host a series of free events for Global Entrepreneurship Week, which runs from 12-16 November.     The week will kick off with a speed-networking session from 8am-9am on 12 November at Urban Kitchen.   Also on 12 November public relations consultancy Orcha...     [read more]

    By Startup Guernsey on  6 November 2018 
  • Ogier lawyer sworn in as Advocate

    Advocate_SandieLyneSandie Lyn, a Senior Associate in Ogier's Dispute Resolution team, has been sworn in as a Guernsey Advocate in the Royal Court. Sandie has worked at Ogier for almost five years, having previously practised as a solicitor in London. She specialises in cross-border contentious trusts, insol...     [read more]

    By Ogier on  5 November 2018 
  • Intertrust appoints Head of Private Wealth in Guernsey

    Alison Parry Legis Group thumbnailIntertrust has appointed Alison Parry as Head of Private Wealth in Guernsey.    Alison will join Intertrust to take up the position in February next year from Butterfield Trust Group, where she has been Executive Director and Regional Head (Bahamas & Cayman). She has been with But...     [read more]

    By Orchard PR on  5 November 2018 
  • Bennett Gould acquires Advantage Underwriting business

    Vantage logoAdvantage Underwriting, part of the Vantage Group of companies based in Jersey, has agreed to sell its UK book of business to Bennett Gould & Partners, a Lloyd's of London insurance broker and part of a multinational reinsurance and risk solutions group.   Richard Packman, CEO of Vantag...     [read more]

    By Vantage on  5 November 2018 
  • C5 appoints Head of Project Delivery

    ChrisAsh_C5C5 Alliance in Guernsey has appointed Chris Ash as Head of Project Delivery.   Chris has a strong track record in management, consultancy and business analysis. Over the past 15 years, he has been a Director of Global Vision International in Costa Rica and Guernsey, as well as a management cons...     [read more]

    By Orchard PR on  5 November 2018 
  • Guernsey Fund Report reveals stable growth for 2018

    Monterey Insight logoThe latest edition of research company Monterey Insight’s Guernsey Fund Report sets out the market share of all service providers in Guernsey’s funds industry, revealing a year of stable growth in 2018. Fund assets serviced in Guernsey stood at US$399.3bn at the end of June 2018, up 0.7...     [read more]

    By Monterey Insight on  1 November 2018 
  • HSBC survey highlights islands' potential

    WarwickLong_HSBC_2018Internationally focused businesses in the Channel Islands and Isle of Man need to demonstrate their ability to adapt as political headwinds threaten to disrupt global trade patterns, according to HSBC's Head of Commercial Banking in the Channel Islands and Isle of Man, Warwick Long (picture...     [read more]

    By Crystal PR on  1 November 2018 
  • Guernsey publishes cyber security advice

    GFSC logoThe Guernsey Financial Services Commission has this week published cyber security advice and information on its website, including links to the latest guidance issued by the UK National Cyber Security Centre (NCSC). The Commission believes cyber and information security should be a high priority fo...     [read more]

    By Guernsey Financial Services Commission on  1 November 2018 
  • Audit specialist joins Ravenscroft board

    Rob Hutchinson_RavenscroftRob Hutchinson, an accountant with more than 30 years’ experience, has joined the board of investment services group Ravenscroft Holdings. Rob spent 28 years with KPMG, including leading the firm’s fund and private equity practices for seven years and five as Head of Audit for KPMG in t...     [read more]

    By Ravenscroft on  1 November 2018 

« October 2018

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