Carey Olsen and Ipes in Guernsey have assisted Phoenix Equity Partners with the launch of its fourth fund, which has closed with commitments of £415 million.
Phoenix Equity Partners (PEP), a private equity investor, works with entrepreneurial teams to help grow medium-sized UK-base...
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By Orchard PR on
31 October 2017
Ogier's Guernsey team has advised a Hong-Kong-based private investor on the purchase of Aldwych House, central London, for £250 million.
This is the first real estate acquisition in London for the investor. The property was purchased from private investment firm GI Partners and property c...
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By Ogier on
31 October 2017
Jersey-based cloud solutions provider Calligo has opened a new office in London, close to Paddington Station.
The firm has appointed Ross Worthington as its UK Managing Director, responsible for growing the Calligo's client base across the country. Ross was previously an Account Manag...
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By Calligo on
31 October 2017
Total local market property sales in 2017 to the end of September (Q3) increased by 10 per cent on the same period last year, with an extra 38 transactions completed.
These latest figures, released by AB Conveyancing, continue a positive trend. There was a 25 per cent increase in total local ...
[read more]
By Direct Input on
30 October 2017
Guernsey-based insurance consultant Callum Beaton has been elected to the board of the Chartered Insurance Institute (the CII), the global professional body for the insurance and financial planning sectors.
During his insurance career, Callum, a CII Fellow, has specialised in the captiv...
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By Callum Beaton on
30 October 2017
Appleby Partners Kate Storey (pictured right) and Fiona Chan have been recognised in Intelligent Insurer’s report, Influential Women in Re/insurance 2017. The annual report profiles the world’s leading female executives excelling in and changing the risk transfer industry.
Kate, Partner...
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By Appleby on
30 October 2017
New findings from the 23rd edition of the Guernsey Fund Report, from fund research company Monterey Insight, reveal the market shares of all service providers in Guernsey’s funds industry.
Fund assets serviced in Guernsey stood at US$396.6bn at the end of June 2017, up 2.8 per cent on 2016. T...
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By Monterey Insight on
27 October 2017
BL Global has announced the date for next year’s Channel Islands Funds Forum and is offering significantly discounted earlybird tickets at £150 (compared with a full price of £395).
The event is the largest annual pan-Channel Island funds conference and will take place on 26...
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By BL Global on
26 October 2017
Inward migration of companies has continued to grow in Guernsey, following the best quarter of growth this year, according to the latest figures.
The Guernsey Registry, which is responsible for tracking migrations in and out of the island, reports that 23 companies migrated to Guernsey during the t...
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By Guernsey Finance on
26 October 2017
Corporate services provider Sanne has appointed Paul Watson to the role of Global Director of Change Management, to align change initiatives and investment and support the strategic direction of the business.
This will include the ongoing centralisation of operational processes, an organisati...
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By Sanne Group on
25 October 2017
The Bank of Butterfield & Son has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions (GTS) business, excluding its US operations.
Terms of the agreement were not disclosed, but the transaction is expected to close in the first half of 2018, subject to regula...
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By Liquid on
25 October 2017
With seven months to go until the General Data Protection Regulation (GDPR) is enforced, Carey Olsen is hosting a free-to-attend seminar examining how the data protection law in Guernsey will change and the impact it will have on the island.
Carey Olsen Partner Mark Dunster and Counsel Richar...
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By Orchard PR on
25 October 2017
Businesses in Jersey will be able to access a new way to share information about potential cyber security threats.
Following discussions with the States of Jersey and the States of Guernsey, the UK government’s National Cyber Security Centre (NCSC) has agreed to create a Channel Islands...
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By States of Jersey on
25 October 2017
Ed Daubeney has been appointed Deputy Chairman of Guernsey-based investment business the Polygon Group.
Ed has been a Non-Executive Director for the group since 2011, having joined when he worked with the Polygon team during the management buyout of Law at Work.
He is currently also the Managing D...
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By Trish Grover on
24 October 2017
Bedell Cristin has made a number of promotions across its Guernsey and Jersey offices following the completion of its first year as a standalone independent law firm.
Among these there were four promotions to Senior Associate:
• Jasmin Semlitsch – litigation team in Guernsey
&bull...
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By Bedell Cristin on
24 October 2017
BL Global has announced the date for next year’s Channel Islands NEDs Forum and is offering special, discounted earlybird tickets at £100 (compared with a full price of £195).
The NEDs Forum – a half-day event – will take place on 21 March 2018 at the Royal Yacht...
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By BL Global on
24 October 2017
Ninety three per cent of companies are worried about the storage of their data in the cloud after the General Data Protection Regulation (GDPR), and 91 per cent are concerned about how the new rules will affect cloud services, according to new research from cloud solutions provider Calligo.
I...
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By Calligo on
24 October 2017
Jersey-based Independent Strategic Group (ISG) has formed a partnership with Singapore financial consultancy the Fry Group, leading to the formation of an asset management business in Singapore.
Purple Asset Management, which was officially launched this month, will provide research and inves...
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By Direct Input on
24 October 2017
The Institute of Directors’ Guernsey Winter Seminar series begins on Friday 3 November at the Digital Greenhouse with a session on Board Effectiveness.
Discussions will be led by a panel of experts, including:
• Louise Gulliver, Managing Director of Professional De...
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By Direct Input on
23 October 2017
The latest issue of BL magazine – the annual funds edition – is now available online.
It examines the current state of play in private equity and real estate – two areas in which the Channel Islands have considerable expertise. It also looks at the exciting opportunities tha...
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By BL Global on
23 October 2017
The keynote address at this year’s STEP Jersey Annual Conference, the branch’s 25th, will be delivered by the Director of the Channel Islands’ Brussels Office (CIBO), Steve Williams. His talk is entitled ‘The Channel Islands and the EU: a mid-Brexit Snapshot’.
Other to...
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By Falle Communications on
23 October 2017
Investment management company Brooks Macdonald has made four promotions in its Jersey office.
David Le Cornu (pictured), Senior Investment Director, has joined the firm’s Executive Committee and will play a key role in implementing the firm’s international growth strategy.
With m...
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By Crystal PR on
23 October 2017
Carey Olsen has appointed Carly Parrott to the position of Counsel, bringing the firm’s team across the Channel Islands to 10.
Carly joins from Mourant Ozannes, where she has spent more than eight years, most recently as Counsel. She advises on all aspects of contentious and non-contentious e...
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By Carey Olsen on
23 October 2017
PwC has appointed Leyla Yildirim as Chief Strategy Officer in the Channel Islands.
Leyla will play a crucial role in developing and ensuring the execution of PwC’s strategy to realise the firm’s growth ambitions, as well as connecting with clients.
She has held multiple rol...
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By Crystal PR on
19 October 2017
Collas Crill and Sancus BMS Group have completed an initial £6.4 million drawdown of a £10 million loan for the development and conversion of a residential property in Lambeth Road, London.
The 24-month loan will be repaid from the sale of the developed property or the refinancing of th...
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By Collas Crill on
19 October 2017
Guernsey-based Specsavers co-founder Dame Mary Perkins has received a national lifetime achievement award.
Dame Mary, who set up Specsavers with her husband Doug in 1984, was honoured with the accolade at the recent EY Entrepreneur of the Year UK Awards in London.
The award was in reco...
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By Specsavers on
19 October 2017
Corporate services provider Crestbridge has appointed Gunther Thumann, a former economist for the International Monetary Fund in Washington DC, to its Jersey Management Company.
Gunther joins as an adviser and will focus on the ManCo’s strategic development.
He brings to the role a breadth o...
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By Crystal PR on
19 October 2017
PraxisIFM is extending its pension servicing offering with the acquisition of a 50 per cent stake in RiskCo Group in the Netherlands.
RiskCo develops systems for complex modelling and administration for pension funds and life insurers in Europe, North America and Asia. As well as simplifying ...
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By Liquid on
18 October 2017
Ogier in Guernsey has advised the Prudential Insurance Company of America (PICA) on Guernsey law matters in relation to a £1.7bn longevity risk transfer by the pension fund of Marsh & McLennan Companies – MMC UK Pension Fund.
The longevity risk transfer – £3.4bn in total...
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By Ogier on
18 October 2017
Intertrust in Guernsey has promoted Risk and Corporate Governance Manager Sarah Willis to Director, leading the group's recently established Regulatory Compliance Services department.
Guernsey is the first Intertrust office to deliver these new services, and Sarah, who joined Intertrust in 2016...
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By Orchard PR on
18 October 2017
Jersey-based fund and corporate services provider Aztec Group has been selected to administer the Accent Equity 2017 LP fund, a Nordic-focused private equity fund advised by Accent Equity Partners (AEP).
Established in 1994, Accent has advised funds of over €1bn in committed capital and these ...
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By Aztec on
18 October 2017
Independent corporate service provider the Belasko Group has opened a new office in Jersey.
The group launched six years ago based in Guernsey, where it now has a total of 30 staff.
Directors Mark O’Malley and Alan Parsons will lead the new office. Alan and Mark are based in Jersey, bu...
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By Orchard PR on
18 October 2017
Guernsey has been named the best non-EU domicile at the European & UK Captive Awards.
The awards, hosted by insurance publication Captive Review, recognise excellence in the delivery and management of captive insurance and celebrate those who have excelled in the last year.
Guernsey was named ...
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By Guernsey Finance on
17 October 2017
BDO Greenlight’s Senior Consultant and Head of Business Development, Allam Zia, has become Principle Consultant and Director of the business.
Allam has worked in change management for over 15 years, working in a range of sectors, including finance and legal, intellectual property management, ...
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By Direct Input on
16 October 2017
IFLR1000's 2018 rankings are now available. The rankings offer an insight into legal firms’ relative performance. The rankings include 2,500 firms by practice area in over 120 jurisdictions and 14,000 lawyers, detailing practice and sector expertise. The firms rankings are listed below:
J...
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By Euromoney on
16 October 2017
Hatstone Lawyers has named Mark Rawlins as its new Group Partner, based in the firm’s Jersey office.
Mark specialises in investment funds, corporate and commercial, banking and finance and M&A for a variety of clients, including mega-funds, start-ups, holding companies, and bus...
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By Hatstone Lawyers on
16 October 2017
Pinel Advocates has appointed Alison Hart as a consultant banking lawyer. She will be based in London, but will support its Jersey team and meet London-based clients and intermediaries.
Alison trained and then became a Senior Associate at Allen & Overy, London. She served th...
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By Pinel Advocates on
16 October 2017
Law firm Collas Crill has appointed Pamela Doherty to the role of Group Partner within its Jersey property team.
Pamela has extensive experience in all aspects of commercial property work, including property development, investment acquisitions and sales, agreements for lease, leasing and lease man...
[read more]
By Collas Crill on
16 October 2017
Local technology firm C5 Alliance and London-based Metaphor IT are hosting the 2017 Channel Island Cybersecurity Summit on Wednesday 18 October.
The conference is free to attend and will encompass key considerations for business decision-makers, alongside a technical agenda for those working...
[read more]
By Marcom Collective on
16 October 2017
The UK government has issued a response to the Justice Committee’s report on the implications of Brexit for the Crown Dependencies, published in March.
The letter, from the Lord Chancellor and Secretary of State for Justice David Lidington, can be found here.
It confirms the Crown Depe...
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By BL Global on
13 October 2017
Fiduciary and administration services provider Estera has launched a new office, Estera (Luxembourg), following its acquisition of Headstart earlier this year.
Led by Headstart Managing Directors Christophe Gaul and Manuel Mouget, the Luxembourg team provides a full range of corporate and tru...
[read more]
By Isle of Man Advertising & PR on
13 October 2017
Walkers has appointed a new Head of Fiduciary, who joins as a Partner in the firm.
Rupert Morris, who qualified as an English solicitor in 2006 and an Advocate in 2010, joins Walkers after four years at Bedell Cristin.
He has also practised at several other law firms in Guernsey and London, i...
[read more]
By Liquid on
13 October 2017
Jersey-based digital agency Switch has appointed Nicola Eastwood to the role of Digital Communications Manager, leading the firm's newly formed content and communications team.
Nicola brings a 17-year career in PR to the role. She was a co-founder of Orchid Communications in 2005 and join...
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By Switch Digital on
13 October 2017
European airline Eurowings is adding a Jersey to Hamburg route to its portfolio with a once-weekly flight every Sunday as of 6 May 2018.
The flight will depart Hamburg at 6am and land in Jersey at 7am local time, with the flight from Jersey departing at 7:35am and landing in Hamburg at 10:25a...
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By Eurowings on
13 October 2017
Cloud solutions provider Calligo has purchased Canadian cloud services provider 3 Peaks.
The acquisition of the Burlington, Ontario and Vancouver-based business, which has clients across Canada and the US, forms part of Calligo’s strategy to expand into North America.
3 Peaks clients wi...
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By Calligo on
12 October 2017
Alternative investment, corporate and private client administrator Ocorian, which operates from Jersey, is to purchase two affiliated corporate service providers based in Europe – Intruad Management Services in Amsterdam and Intruma Corporate Services in Luxembourg.
O...
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By Ocorian on
11 October 2017
PraxisIFM has acquired Kompas International, a trust and corporate services business based in the Netherlands.
This marks the first acquisition by PraxisIFM since it listed on The International Stock Exchange in April – though the transaction is subject to regulatory approvals and other closi...
[read more]
By Liquid on
11 October 2017
As part of European Cyber Security Month, Jersey’s Chief Minister’s Department is hosting a free-to-attend cyber security workshop on 27 October at the Pomme D’Or Hotel.
The morning workshop, starting at 9am, will highlight the Jersey government’s approach to cyber security,...
[read more]
By States of Jersey on
11 October 2017
Babbé Partner Nicholas Robison and Senior Associate Bryan de Verneuil-Smith look at how the GDPR and the UK’s Data Protection Bill will affect Guernsey
The GDPR is EU legislation that will become directly applicable in the entire EU on 25 May 2018. As the United Kingdom will still be a...
[read more]
By Babbé Legal on
11 October 2017
The team at Rathbone Investment Management International has been named Best International Discretionary Fund Manager at the 18th International Fund and Product Awards 2017, which was held in London last week.
In addition, Nedbank Private Wealth, which has offices in Jersey, has been named Best Int...
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By Ruby PR on
10 October 2017
The largest annual pan-Channel Island funds event brought together high-calibre speakers and senior delegates to hear about the most-pressing issues in Guernsey and Jersey’s funds industries
As uncertainty abounds in the political sphere, the Channel Islands’ funds industries keep growi...
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By Kirsten Morel on
10 October 2017
Fairway Group has appointed Mark Andrews as Private Client Director within its Jersey-based Trust division.
Mark joins the fiduciary group having spent the past two years as a Director at Jordans Trust Company (Jersey). His recent career has also included time with Minerva Trust & Corporat...
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By Fairway Group on
10 October 2017
Corporate services provider Crestbridge has appointed Anke Jager to the position of Director of Corporate Services in Luxembourg.
In her new role, Anke will take responsibility for overseeing Crestbridge’s business in Luxembourg, which offers a range of corporate, administrat...
[read more]
By Crystal PR on
10 October 2017
Equiom has completed two acquisitions in Europe – Malta-based licensed trustee and fiduciary company DF Corporate Services, and trust and fiduciary business Carey Group Monaco. Both acquisitions were completed during the last week of September.
Equiom Global Chief Executive O...
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By Equiom on
9 October 2017
Zedra Group has appointed Jacqueline Shek (pictured top) as Executive Director Trust Services and Stella Tong as Executive Director Family Office Services, both based in Hong Kong.
Jacqueline, a private client and trust lawyer, has spent more than 18 years specialising in tax, trust and priva...
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By Nacelle on
9 October 2017
A new LinkedIn Group, called j-ned, has been launched for Non-Executive Directors in Jersey.
Founded by Sarah Garrood, Partner of Maven Partners, and Louise Follain, Non-Executive and Chartered Director, the group is aimed at all existing Jersey NEDs and anyone considering becoming a NED. Thos...
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By BL Global on
6 October 2017
Mourant Ozannes has advised Guernsey-based Pallinghurst Resources on its acquisition of AIM-listed Gemfields by way of a hostile contractual takeover.
Pallinghurst, which is listed on the Johannesburg Stock Exchange and Bermuda Stock Exchange, is a natural resources company focused on coloure...
[read more]
By Mourant Ozannes on
6 October 2017
A wide range of Channel Island practitioners have been recognised in the Autumn 2017 Top 50 IFC Editor’s Choice list, collated by Citywealth.
• Farah Ballands, CEO, Estera
• Cora Binchy, Partner, Family Office, Stonehage Fleming
• Christine Brown, Director, LGL Trust...
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By BL Global on
6 October 2017
Offshore law firm Bedell Cristin has advised the Royal Bank of Scotland International in connection with loan facilities made available to the Channel Islands Property Fund for its acquisition of Guernsey commercial property.
The team provided Guernsey and Jersey law advice in conne...
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By Bedell Cristin on
6 October 2017
Garenne Construction Group has added three Directors to its main board.
Simon Silbernagl, Managing Director of Garenne’s Jersey-based building contractor Camerons, has worked within the group for five years. Prior to joining Camerons, he was with construction firms Mace, JR Knowles...
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By Liquid on
6 October 2017
David Riley has been appointed to Guernsey-based insurance management and financial advisory group Robus as a Risk Consultant.
David will lead on setting up the first independent longevity swap incorporated cell company (ICC) for the business. Longevity is used as a hedge by life insurance companie...
[read more]
By Orchard PR on
5 October 2017
Corporate services provider Aztec Group has won the Fund Administrator of the Year award at the Unquote” British Private Equity Awards.
The awards ceremony, held in central London this week, are designed to celebrate excellence in the sector, recognising commercial professionalism and i...
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By Aztec on
5 October 2017
Chartered surveyor and commercial real estate specialist Lucy Lilley has joined Asset Leverage Consultants (ALC) in a consultancy role.
Lucy will consult on the large transactions the business is now servicing, particularly in real estate.
Her background spans offshore real estate stru...
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By ALC on
5 October 2017
Investment Week has named Guernsey as the Best Centre for Fund Administration at its Fund Services Awards 2017.
The results were announced in a ceremony in London this week, where the island saw off competition from Jersey, Luxembourg and Dublin.
Guernsey’s entry cited examples of innovation...
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By Orchard PR on
4 October 2017
The Jersey Financial Crime Strategy Group (JFCSG) is to conduct a national risk assessment of the threats posed to the island by money laundering and terrorist financing.
The expected completion date of the assessment is May/June 2019, when a report and action plan will be published.
The Fin...
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By States of Jersey on
4 October 2017
Winners of the ICSA Jersey Awards 2017, held to celebrate good governance among the island's businesses, were announced at the Hotel de France last week. The full list of award winners, judged by a panel of industry experts, is as follows:
• Company Secretarial Officer of th...
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By Wellbeing at Work on
4 October 2017
Hawksford has appointed Darren Kelland as Global Head of Private Client.
A chartered accountant, Darren has more than 13 years’ experience of working with private clients and family offices.
Before joining Hawksford, he was Head of Private Wealth at Intertrust (formerly Elian and Ogier...
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By Liquid on
4 October 2017
International law firm Walkers has acted as Cayman Islands, Guernsey and Jersey legal counsel to Vistra in the acquisition of the Corporate Services business of Deutsche Bank.
Corporate service provider Vistra has 3,500 staff in 74 offices across 44 jurisdictions. Deutsche Bank&rsqu...
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By Walkers on
4 October 2017
Victoria Grogan, an international will and probate specialist with more than 10 years' experience in offshore practice, has joined Ogier as Counsel and Probate Manager in Jersey.
Victoria joins the firm following nearly 11 years with Carey Olsen. She brings with her an in-depth knowledge of Jer...
[read more]
By Crystal PR on
4 October 2017
A scheme offering prospective Non-Executive Directors the chance to sit on a board has been renamed to more accurately reflect its purpose.
Originally known as the NED Apprenticeship Programme, the scheme is now called the NED Development Programme. Run by the GTA University Centre, it aims to deve...
[read more]
By Liquid on
4 October 2017
Appleby has advised HSBC on the transfer of its banking businesses in Jersey and Guernsey.
The businesses of HSBC Bank International in Jersey and HSBC Private Bank (CI) in Guernsey were transferred on 1 October 2017 into the respective Jersey and Guernsey branches of HSBC Bank, pursuant to a...
[read more]
By Appleby on
3 October 2017
Mourant Ozannes has advised the Saudi Arabian Oil Company – otherwise known as Saudi Aramco – in connection with the corporate structuring of its first Sukuk Issuance Programme, for an issuance of up to SAR 37.5bn (US$10bn) Sukuk (Islamic bonds), and its SAR11.25bn (US$3bn) Sukuk issuanc...
[read more]
By Mourant Ozannes on
3 October 2017
As part of Jersey’s Budget proposals for 2018, released today, Senator Alan Maclean, Minister for Treasury and Resources, has outlined key tax proposals relating to financial services companies.
Currently only companies that fall within the definition of ‘financial services company...
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By States of Jersey on
3 October 2017
The latest funds figures from the Jersey Financial Services Commission show an increase in the use of Jersey's NPPR route for non-EU fund managers to market to EU investors, and strong take-up of the Jersey Private Funds regime for funds with up to 50 investors.
According to the statistics, the...
[read more]
By Jersey Finance on
3 October 2017
Bedell Cristin has appointed Lee Osborne as a Senior Associate in its Guernsey office.
Lee advises on a broad range of corporate, commercial and banking matters, including investment funds and private equity, mergers and acquisitions, joint ventures, cross-border transactions and corporate re...
[read more]
By Crystal PR on
3 October 2017
Walkers (Jersey) has acted for real estate investment manager Aerium, alongside law firm Burges Salmon, in relation to the acquisition of One Central Square in Cardiff from Legal & General for £51 million.
One Central Square is the first office building to be c...
[read more]
By Walkers on
2 October 2017
Corporate service provider JTC has confirmed its acquisition of Merrill Lynch Wealth Management’s International Trust and Wealth Structuring business (ITWS), following regulatory approval from the Isle of Man Financial Services Authority.
The ITWS business, which will now be assimilated into ...
[read more]
By Crystal PR on
2 October 2017
A new financial planning business – Integritas Wealth Partners – has been established in Jersey.
Launched by Edward Loader and Paul Clifford, former Directors in the investments department of RBC, the firm will provide bespoke wealth solutions to individuals, families, truste...
[read more]
By Integritas Wealth Partners on
2 October 2017
The Jersey Financial Services Commission (JFSC) has announced the appointment of Annamaria Koerling as a Commissioner on the regulator’s Board of Commissioners.
Sworn in by the Royal Court on Friday 29 September, Annamaria begins a five-year term as one of 10 JFSC Commissioners and brings to ...
[read more]
By Jersey Financial Services Commission on
2 October 2017
The assets under management of investment companies domiciled in the Channel Islands have reached a record high, according to the Association of Investment Companies (AIC).
The assets of Channel Islands-domiciled investment companies totalled £50.1bn at 31 August 2017. This is the first...
[read more]
By Association of Investment Companies on
2 October 2017
The financial services commissions of both Jersey and Guernsey are taking part in World Investor Week this week – a global campaign held by the International Organisation of Securities Commissions (IOSCO) to raise awareness about investor education and protection.
The event, from 2 to 8 Octob...
[read more]
By BL Global on
2 October 2017
The latest report presenting estimates of the size and performance of Jersey's economy in 2016 has been published by the Statistics Unit.
Gross value added per head of population
The average economic standard of living of Jersey residents, measured as real-term gross value added (GVA) per head ...
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By States of Jersey on
2 October 2017
Ogier Partner Craig Cordle has been named as one of Private Funds Management magazine’s top 30 private fund lawyers aged under 40.
Craig is the only offshore lawyer to be named in the list, which also includes Partners from New York practices, Magic Circle City firms, in-house counsel and law...
[read more]
By Crystal PR on
2 October 2017
Jersey-based wealth management systems specialist Touchstone has opened an office in Singapore.
“There has been a drive for companies to have better administration and accounting systems to help them look after their clients’ assets, particularly with the impending regulation of the Hon...
[read more]
By Oi on
2 October 2017