Business News Archive

« August 2017

September  2017  (56)

  • Alexander Daniels hires Manager

    Christina GuilleRecruitment firm Alexander Daniels has appointed Christina Guille to the role of Client Manager within its Guernsey office.  Christina has more than eight years’ experience in the local recruitment market, specialising in the finance sector and handling candidates up to Director level. ...     [read more]

    By Alexander Daniels on  21 September 2017 
  • Alter Domus makes Luxembourg acquisition

    AlterDomus logoCorporate services provider Alter Domus has signed an agreement to acquire Luxembourg Fund Partners, subject to regulatory approvals from Luxembourg.  On completion of the deal, Alter Domus will be able to provide set-up support, administration and management company services to the alternativ...     [read more]

    By Alter Domus on  21 September 2017 
  • Guernsey Data Conference to highlight big data opportunities

    Startup Guernsey logoStartup Guernsey has announced an event on 9 October – Guernsey Data Conference 1.0 – that will consider how Guernsey can exploit the economic benefits of big data. Keynote speaker William Mason, Director General of the Guernsey Financial Services Commission, will discuss big data ...     [read more]

    By Startup Guernsey on  21 September 2017 
  • Bedell Cristin wins in $200 million trust dispute

    Bedell logoBedell Cristin has successfully acted for the plaintiffs in a long-running trust dispute that’s resulted in the reconstitution of a trust fund worth $200 million.   After years of litigation and a trial lasting almost three months, the Royal Court of Jersey found in favour of the plaintif...     [read more]

    By Bedell Cristin on  21 September 2017 
  • Jersey conference to focus on serious crime

    JFSC logo The Law Officers’ Department (LoD) and the Jersey Financial Services Commission are hosting a conference next month on the latest developments in the UK on serious crime. The half-day conference in Jersey – at La Mare Wine Estate on Tuesday 10 October – will feature presentations ...     [read more]

    By Jersey Financial Services Commission on  21 September 2017 
  • Chamber Lunch focuses on IoT

    Jersey Chamber of Commerce logoThe Jersey Chamber of Commerce’s next Lunch event will be held on 11 October at the Radisson Blue.  Entitled ‘Jersey as a Smart Island: how the Internet of Things is set to transform the way we live and work’, the event will explore two technologies that are set to change our...     [read more]

    By Jersey Chamber of Commerce on  20 September 2017 
  • Mourant Ozannes advises on acquisition

    Mourant logo NEWMourant Ozannes Guernsey’s corporate team has advised Endeavour Mining Corporation, a public corporation incorporated in the Cayman Islands and listed on the TSX in Canada, on its acquisition of Guernsey TSX-listed Avnel Gold Mining.  The takeover was completed by way of a Guernsey schem...     [read more]

    By Mourant Ozannes on  20 September 2017 
  • Heathrow proposes Channel Islands route

    Heathrow takeoffHeathrow Airport has urged for the scrapping of Air Passenger Duty (APD) and a growth in domestic routes, with Jersey and Guernsey included in a map of potential new routes. In a letter to UK Chancellor Philip Hammond ahead of the upcoming Autumn budget, Heathrow urged the government to scrap domes...     [read more]

    By BL Global on  20 September 2017 
  • New Chair for Guernsey branch of STEP

    Adèle Perrot_STEPAdèle Perrot has been announced as the new Chair of the Guernsey branch of the Society of Trust and Estate Practitioners (STEP). Adèle, a Business Development Manager for Butterfield Trust (Guernsey), has previously served on the committee of the island’s STEP branch as Company ...     [read more]

    By Liquid on  20 September 2017 
  • Linedata Live Channel Islands 2017 to be held next month

    linedata logoGlobal technology solutions provider Linedata is to host Linedata Live Channel Islands 2017 next month. The free-to-attend networking event will examine operational risk, business process management, the challenges of converging asset management industries and ethical funds in an offshore sett...     [read more]

    By Linedata on  20 September 2017 
  • Vantage Wealth appoints Wealth Manager

    Yvonne TaylorYvonne Taylor has joined Vantage Wealth, the Vantage group’s independent financial advisory business, as a Wealth Manager who will advise private and corporate clients across Jersey. An established financial adviser in both the UK and Jersey, Yvonne has spent more than 30 years offering pensi...     [read more]

    By Vantage on  20 September 2017 
  • HSBC appoints Head of Marketing across islands

    Kara LisikHSBC has appointed Kara Lisik as Country Head of Marketing for the Channel Islands and Isle of Man. Based in Jersey, and with responsibility for all marketing activities in the Channel Islands and Isle of Man, Kara’s new role will involve implementing brand strategy for the bank’s retai...     [read more]

    By Crystal PR on  19 September 2017 
  • Eight quarters of growth for Guernsey funds

    GFSC logoThe total value of funds business in Guernsey grew by £4.5bn (1.6 per cent) during the second quarter of this year, according to the Guernsey Financial Services Commission (GFSC). Its figures show that at the end of June 2017, the net asset value of all funds under management and administrati...     [read more]

    By Orchard PR on  19 September 2017 
  • State Street makes Channel Islands hire

    Paul MundyFinancial services provider State Street has promoted Paul Mundy to Head of Alternative Investment Solutions (AIS) for the Channel Islands.  In this new role, Paul has management responsibility for the private equity and real estate fund administration businesses in Jersey and Guernsey. He als...     [read more]

    By Crystal PR on  19 September 2017 
  • Volaw Group rebrands to VG

    VG logoVolaw Group, an independent provider of fiduciary and administration solutions to individual, family, corporate and institutional clients, has announced a corporate rebranding and name change to VG. According to the firm, the rebranding reflects both the evolution of the company and its vision for ...     [read more]

    By Volaw on  18 September 2017 
  • New Equity Partners at SaSo Strategic Advisers

    Garry ForbesSaSo Strategic Advisers has welcomed two new equity partners to the company. John Leonard and Garry Forbes both join the firm as Director, Private Clients. They will both provide financial advice and relationship management support to private clients and trustees, predominantly based in Jersey &nda...     [read more]

    By SaSo Strategy Advisers on  18 September 2017 
  • John Kelleher elected President at Law Society of Jersey

    John KelleherThe Law Society of Jersey, the statutory regulatory body for Advocates and Solicitors of the Royal Court, has appointed Advocate John Kelleher as its new President, in succession to Advocate Jonathan Speck. John was called to the English Bar in 1991 and was sworn in as a Jersey Advocate in 1994. He...     [read more]

    By Law Society of Jersey on  18 September 2017 
  • Vistra to acquire corporate services business from Deutsche Bank

    Vistra Logo Oct 15Global corporate service provider Vistra has entered into a definitive agreement to acquire the corporate services business of Deutsche Bank’s Global Transaction Banking division. The corporate services business provides management and administration of SPVs and asset holding c...     [read more]

    By Nacelle on  14 September 2017 
  • NED appointment at Grant Thornton

    Peter Cornell Grant Thornton Channel Islands has appointed Peter Cornell to the position of Non-Executive Chairman. Peter has had a long career in the legal and financial services market, both globally and within the Channel Islands. He has served as Global Managing Partner for Clifford Chance and Managing Direc...     [read more]

    By Grant Thornton on  14 September 2017 
  • Leadership Jersey announces event

    Leadership Jersey logoLeadership Jersey’s next event, Leadersmithing - Crafting leaders of character for Jersey, held in partnership with Business Connect, will take place on Wednesday 27 September at the Freedom Centre, St Helier. The guest speaker will be Dr Eve Poole (pictured), adjunct faculty at Ashridge Busi...     [read more]

    By Leadership Jersey on  14 September 2017 
  • Ogier appoints Banking Partner

    Simon FeltonOffshore banking lawyer Simon Felton has joined Ogier's banking and finance team as a Partner. Simon joins from Mourant Ozannes, where he has held Managing Partner roles in New York and London since 2007. He specialises in leading international teams working on complex structured finance trans...     [read more]

    By Ogier on  14 September 2017 
  • Guernsey named top European specialist finance centre

    We Are Guernsey logoGuernsey has been ranked as the top European specialist finance centre in The Banker’s annual ranking of international finance centres (IFCs).   The Financial Times-owned monthly international affairs publication bases its ratings on data ranging from financial market indicators to econom...     [read more]

    By Orchard PR on  13 September 2017 
  • Commission hosts IOSCO meetings

    GFSC logoThe Guernsey Financial Services Commission has hosted a series of meetings held by the International Organisation of Securities Commission (IOSCO) Committee 4 and Screening Group, which focuses on cross-border security issues.  The meetings, attended by representatives from 29 countries, discu...     [read more]

    By Guernsey Financial Services Commission on  13 September 2017 
  • Last seats available for Channel Islands Funds Forum

    CIFF final callWith just a fortnight to go to the Channel Islands Funds Forum – the largest annual funds event in the islands – only a limited number of seats remain. The forum, which takes place on Wednesday 27 September, starts with a pre-conference presentation from Preqin on the global alternative...     [read more]

    By BL Global on  13 September 2017 
  • JFSC reports on fund regimes

    JFSC logo The number of alternative fund managers marketing into Europe through Jersey’s national private placement regimes (NPPRs) continued to rise during the first half of 2017 and there’s been a strong uptake in the new Jersey Private Fund (JPF), according to mid-year figures from the Jersey F...     [read more]

    By Jersey Finance on  13 September 2017 
  • Briefing: Beneficial ownership register

    Babbe logoBabbé Partner Stuart Tyler (pictured right) and Senior Associate Chris Dye (below) have issued a briefing note on the new Register of Beneficial Ownership On 15 August, the Beneficial Ownership of Legal Persons (Guernsey) Law, 2017 and its regulations came into force. It establishes a Regist...     [read more]

    By Babbé Legal on  13 September 2017 
  • Ocorian names new Jersey MD

    ClaireLeBrocqClaire Le Brocq has been promoted to Managing Director of Alternative Investments (Jersey) and appointed to Ocorian’s Executive Committee. Operating from the firm's Jersey office, Claire has over 20 years’ experience working in the finance and investment industry, including more tha...     [read more]

    By Ocorian on  12 September 2017 
  • Enhance announces changes at the top

    Tom WisemanFinancial services provider Enhance Group has appointed Tom Wiseman (pictured) as Group CEO from 1 October, taking over from James Painter, who will become Executive Chairman. Tom is currently Managing Director of Enhance’s London business, a role he has held for almost two years. He wil...     [read more]

    By Enhance Group on  12 September 2017 
  • Guernsey Finance highlights impact investing opportunities

    We Are Guernsey logoImpact investing is increasingly taking hold, as allocators recognise the return benefits, and this presents opportunities for established international financial centres. So says a white paper from Guernsey Finance – Redrawing boundaries: How impact investing is making a difference. Based on...     [read more]

    By Orchard PR on  12 September 2017 
  • Jersey Finance appoints Head of Technical

    Jersey Finance lionJersey Finance has named Lisa Springate as its new Head of Technical, with effect from 20 November. She succeeds Tom Cowsill, who has been in the role since May 2016. Lisa joins Jersey Finance from Bedell Cristin’s Jersey office, where she has been part of the commercial litigation team for m...     [read more]

    By Jersey Finance on  12 September 2017 
  • CICRA to hold competition law seminars

    CICRAThe Channel Islands Competition and Regulatory Authorities (CICRA) is holding a competition law and regulation seminar in both Guernsey and Jersey next week, to help businesses and consumer groups learn more about the impact of competition law.   The seminar will be held from 1.30pm to 3.30pm a...     [read more]

    By Orchard PR on  12 September 2017 
  • Comment: The LEI of the land

    Oben_L+R_LogoNicola Ingram, Director at Oben Regulatory in Jersey, examines the new Legal Entity Identifier, the firms in the Channel Islands that will be affected by it, and what action needs to be taken What is a LEI and why is it needed? Letters are arriving in the Channel Islands from stockbrokers in the U...     [read more]

    By Nicola Ingram on  11 September 2017 
  • STEP Guernsey lecture series returns

    STEP new logoThe Society of Trust and Estate Practitioners (STEP) Guernsey lecture series relaunches this week, with the first lecture taking place on Monday 11 September in The Dorey Room, St James.  The lecture series includes business presentations that aim to help Guernsey practitioners take a global p...     [read more]

    By Mourant Ozannes on  11 September 2017 
  • Ogier advises on bank acquisition

    Ogier new logoOgier in Jersey has advised private equity firm Hellman & Friedman and Singapore sovereign wealth fund GIC on the acquisition of Allfunds Bank for approximately €1.8bn, from Banco Santander, Intesa Sanpaolo, General Atlantic and Warburg Pincus.  This included a successful public ...     [read more]

    By BL Global on  11 September 2017 
  • Sanne appoints Director to private equity team

    OliverMorrisSept17Corporate services provider Sanne has appointed Oliver Morris to the role of Head of Private Equity - EMEA, based in the firm’s Jersey office.  Oliver’s focus will be to drive Sanne’s EMEA private equity business and develop new business initiatives.  An exper...     [read more]

    By Liquid on  9 September 2017 
  • LRD makes Guernsey promotion

    EmilyGledhill_LRDGuernsey-based creative agency LRD has promoted Emily Gledhill to the position of Account Director. Emily, who has been with the agency since 2015, previously served as its Account Manager. She recently became one of the first Channel Island practitioners to obtain the IPA’s new Accredited MI...     [read more]

    By LRD The Big Idea on  9 September 2017 
  • Appleby advises on Blackstone acquisition

    Appleby thumbnail logoFund manager Blackstone has completed the acquisition of a portfolio of Channel Islands and UK registered investment vehicles worth £559 million. Offshore law firm Appleby Global provided the Guernsey and Jersey-based legal advice to the real estate funds managed by Blackstone as part of the ...     [read more]

    By BL Global on  7 September 2017 
  • Marketing support group to launch in Jersey

    PSMG logoA marketing group has launched in Jersey, focusing on the professional services industry. Professional Services Marketing Group (PSMG) Jersey has been formed by senior marketers on the island to exchange ideas, share best practice, collaborate on projects and advance the reputation of the professio...     [read more]

    By Carey Olsen on  7 September 2017 
  • STEP presents Private Client Awards

    STEP new logoThe STEP Private Client Awards, presented at a ceremony in London this week, included several firms that are based in or have operations in the Channel Islands:  • Accountancy Team of the Year (large firm) – EY Private Client Services Nordics • Accountancy Team of the Year (mid...     [read more]

    By BL Global on  7 September 2017 
  • Collas Crill opens Hong Kong office

    Offshore law firm Collas Crill has opened an office in Hong Kong, and has appointed Simon Fraser (pictured), who is based in Hong Kong, as a consultant. Stephen Adams, Managing Partner of the Singapore office, will have responsibility for the new Hong Kong operation, working with Simon to extend th...     [read more]

    By Collas Crill on  7 September 2017 
  • Highvern makes two promotions

    MagdaGruell_HighvernFinancial services provider Highvern Trustees has made two senior promotions in its private client trust business in Jersey. Ross Collins has been appointed as Associate Director within Highvern’s newly formed Family Office Services team.   Ross has over 16 years experience within the t...     [read more]

    By Highvern Trustees on  6 September 2017 
  • Standard Bank International reports strong first half

    Standard Bank logoThe international division of Standard Bank, Wealth International – headquartered in Jersey, with offices also in the Isle of Man, Mauritius, London and South Africa – has reported a positive set of results for the first half of 2017. • Headline earnings, the primary measure o...     [read more]

    By BL Global on  6 September 2017 
  • HSBC appoints Chief Financial Officer

    Jonathan LanganHSBC has named Jonathan Langan (pictured) as its new Chief Financial Officer in the Channel Islands and the Isle of Man. Jonathan joined the HSBC Group in 2006 in London, where he held a number of roles across global banking and markets and global asset management. He spent his early career with EY...     [read more]

    By Crystal PR on  6 September 2017 
  • Intertrust aids iCON fund launch

    Intertrust logoIntertrust's fund services business has assisted iCON Infrastructure with the first and final closing of its new €1.2bn fund, iCON Infrastructure Partners IV.   iCON, an independent investment group, focuses on privately held investments in infrastructure assets in Europe and North Ame...     [read more]

    By Orchard PR on  5 September 2017 
  • Mourant Ozannes advises in Mitsui deal

    Mourant logo NEWMourant Ozannes' Guernsey corporate team has advised Japanese conglomerate Mitsui on the sale of its 25 per cent interest in UK hydro power firm First Hydro to North American company Brookfield Renewable.  The transaction was brought about by a reorganisation of the existing joint venture ...     [read more]

    By Mourant Ozannes on  5 September 2017 
  • Calligo acquires Fusion Systems’ IT services division

    Calligo logo 2017Jersey-based cloud services provider Calligo has purchased the IT services division of Fusion Systems, which operates from Guernsey.  Calligo says the deal will give it a stronger presence in Guernsey, building on its cloud infrastructure in the island.    All existing...     [read more]

    By Calligo on  5 September 2017 
  • Islanders named in Top 35 Under 35 list

    eprivateclientsSeveral Channel Islands-based practitioners have been highlighted in eprivateclient's Top 35 Under 35 list for 2017. The annual list names 35 male and 35 female rising stars within the private client advisory professions from the UK and UK offshore. It is considered to be the definitive list of...     [read more]

    By BL Global on  5 September 2017 
  • Channel Islands firms act in landmark case for Carlyle Capital

    Royal Court of GuernseyOgier, Babbé and Collas Crill have been involved in the successful defence of Carlyle Capital Corporation's Non-Executive Directors in the Royal Court of Guernsey.  The claim, for nearly $2bn, was brought by Carlyle Capital’s liquidators against its Directors, Investment Manag...     [read more]

    By BL Global on  5 September 2017 
  • First Names appoints Director of Corporate Services

    Robert HessingFirst Names Group has appointed Robert Hessing as Director, Corporate Services in its Luxembourg office.  With over 21 years’ international experience in the US and Luxembourg, Robert specialises in private equity and corporate real estate transactions. At First Names, he will work with...     [read more]

    By First Names Group on  5 September 2017 
  • Heritage launches risk management service for AIFMs

    Expansion for Heritage’s Insurance divisionHeritage International Fund Managers (HIFM) is to offer portfolio and risk management services for alternative investment funds as part of a new management company (manco) solution.   Heritage has provided risk management solutions to a range of clients since the inception of the Alternative I...     [read more]

    By Quill PR on  5 September 2017 
  • Bedell Cristin appoints London Partner

    Tom-Davies_BedellTom Davies (pictured) has been appointed as a Partner within Bedell Cristin's London team, after four years with the firm. A specialist in advising on Jersey structures in relation to overseas real estate investment, Tom has been involved in the sale and purchase of Jersey asset holding structu...     [read more]

    By Bedell Cristin on  4 September 2017 
  • Management buyout for Orchard PR

    Orchard logoTwo of the management team of communications agency Orchard PR – Brooke Kenyon and Chris Chilton – have acquired the company from its founders, Steve and Lois Falla. They will lead Orchard with immediate effect, with Brooke as Client Services Director and Chris as Operations Director. S...     [read more]

    By Orchard PR on  4 September 2017 
  • Jersey releases Brexit Residents’ Survey results

    The Government of Jersey has published a report containing the results of the Brexit Residents’ Survey, which was completed by over 800 islanders earlier this year in conjunction with the Let’s Talk Brexit public engagement campaign. The survey was designed to examine the reasons people...     [read more]

    By States of Jersey on  4 September 2017 
  • JFSC reveals findings of cyber security survey

    JFSC logo According to a cyber security survey conducted by the Jersey Financial Services Commission (JFSC), 32 per cent of local financial services companies that responded did not have a cyber incident response plan in place.  Equally, a third of respondents did not have a documented risk-assessment o...     [read more]

    By Jersey Financial Services Commission on  4 September 2017 
  • Imperium names new Trust Manager

    Jodi LangloisGuernsey-based trust and corporate service provider Imperium Trust Company has appointed Jodi Langlois to the newly created position of Trust Manager. Jodi brings 15 years’ fiduciary sector experience to the role, having worked for a number of corporate service providers on the island. ...     [read more]

    By Trish Grover on  4 September 2017 
  • Babbé makes Partner promotion

    Rajah AbusrewilRajah Abusrewil has been promoted to Partner at Babbé, having joined the trusts and pensions team at the law firm in November 2015.  Rajah has spent over 12 years in private practice. She has served as a solicitor in London law firm Moon Beever, as a barrister and attorney in Bermuda, a...     [read more]

    By Babbé Legal on  4 September 2017 

« August 2017

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