Fund, corporate and private client services provider JTC has raised £65.9m from its first capital markets placing since the group listed on the London Stock Exchange in 2018.
The placing resulted in strong demand from institutional investors. It follows the publication of the company...
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By Crystal PR on
30 April 2021
Guernsey-based management consultancy CBO Projects has recruited Kate Harbour as a Consultant.
In her new role, Kate is working across a variety of clients and service lines delivering project management, consultancy and change management services.
Kate moved to Guernsey in 2016 after eight years ...
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By CBO Projects on
30 April 2021
Executive recruitment in Jersey is close to pre-pandemic levels, according to local consultancy Kendrick Rose, with high numbers of vacancies for key roles in financial services.
Kendrick Rose is seeing as many vacancies for top and mid-level roles in financial services for Q2 2021 as before the Co...
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By leadership writing on
30 April 2021
The Jersey Data Protection Authority (JDPA) has appointed Paul Vane as the next Information Commissioner, replacing the current Commissioner, Jay Fedorak, on 2 July.
Paul has been with the Jersey Office of the Information Commissioner (JOIC) since 2004 as Deputy Commissioner. He joined the then Dat...
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By Jersey Data Protection Authority on
30 April 2021
The economic growth prospects for the UK in 2021 have been significantly upgraded in the EY ITEM Club’s Spring Forecast 2021. The UK economy is expected to grow by 6.8% in 2021, up from the 5% growth predicted in January.
This improved near-term outlook means the UK economy is expected to reg...
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By EY on
28 April 2021
Financial services consultants Julian Burrows and Stephen McAlister have launched Jersey-based business Sabre Advisory to help local businesses deal with the challenges of the current environment.
The pair formed the firm having worked together at global consultancy firm Sionic, del...
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By Sabre Advisory on
28 April 2021
FCM, a privately owned and managed trust company based in Jersey, has appointed Paul Carney as Client Services Director.
Paul joins the firm having spent two years with JTC as Client Director. His financial services career in Jersey spans more than 30 years and includes periods with PwC, AIB,...
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By Liquid on
28 April 2021
Ninety One Premier Funds PCC, a Guernsey fund range managed by Ninety One Guernsey, has launched a subfund, Emerging Markets Total Return Credit Fund, with assistance from Carey Olsen's Guernsey corporate team.
The new fund will invest in a diversified portfolio of emerging market fixed o...
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By Carey Olsen on
28 April 2021
Since the civil financial penalties regime was introduced by the Jersey Financial Services Commission in 2015, the Commission has imposed penalties on five businesses, three of which were part of the same group.
Although the Commission has published information about the regime and how penalties ar...
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By Jersey Financial Services Commission on
28 April 2021
CEIBA Investments has become the first Cuba-focused investment trust to list convertible bonds on The International Stock Exchange (TISE).
CEIBA is a Guernsey-registered closed-ended investment scheme with a primary focus on Cuban real estate assets. The company has issued €25m 10% senio...
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By TISE on
27 April 2021
Ocorian has added to its European and UK business development team with the appointments of Andrew Stewart, Chris Mayfield, Natasha Head, Vivienne Fitzpatrick and William Turmann as Business Development Directors.
With specialisms in corporate services and direct lending, infrastructure, venture ca...
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By Ocorian on
27 April 2021
Grant Thornton, in conjunction with the Jersey Chamber of Commerce, has launched a follow-up to last year's Covid-19 Jersey Business Impact Survey to identify how businesses are coping 12 months on.
The results from this survey will be compared with those obtained last May to measure busin...
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By Grant Thornton on
27 April 2021
IoD Jersey is holding a panel event on 13 May to provide information for organisations and staff as they work towards environmental sustainability.
The online event – What Jersey is doing about the Environment in 'ESG' – is free to attend and will feature leaders from loca...
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By IoD on
27 April 2021
Fintech business MYCDD has been formally launched in Jersey.
CEO and Founder Stephane Gimenez (pictured) has spent the past 12 months setting up the new business, which aims to help international financial services and other firms better manage their client due diligence requirements.
Stephane cit...
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26 April 2021
RBS International has appointed Bradley Davidson to the newly created role of Manager of Environmental, Social and Governance (ESG).
Bradley will lead the bank’s ESG strategy team, shaping sustainable outcomes across its jurisdictions and providing insights across its channels and clients.&nb...
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By Liquid PR on
26 April 2021
Actuarial firm Dorey Financial Modelling (DFM) has appointed Sally Diamond as Operations Director, based in Guernsey.
With more than 30 years’ experience of project management, Sally has held senior positions at both Guernsey Post and Jersey Post. She also served as department head with...
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By Dorey Financial Modelling on
26 April 2021
Mourant has been named named Offshore Law Firm of the Year in the Chambers Europe Awards 2021.
The awards are designed to recognise a law firm’s pre-eminence in key jurisdictions in the region, based on research for the latest edition of Chambers Europe, and focus on the achievement...
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By Mourant on
26 April 2021
Guernsey-based environmental champion ESI Monitor has committed to becoming carbon-neutral and pledged to bring its carbon emissions to net zero by the end of 2021.
This means a commitment has been made to reduce the amount of carbon produced by ESI as far as possible, then to offset tha...
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By Orchard PR on
23 April 2021
Jersey-based Tiller Technologies, which specialises in digital solutions for the wealth sector, has been chosen as one of nine firms for this year's PwC Wealth Scale programme.
The 10-week programme will support the growth plans of these businesses, which have been selected from a group of 600&...
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By Tiller Tech on
23 April 2021
Following the publication of Jersey’s first National Risk Assessment for terrorist financing, the Jersey Financial Services Commission is hosting a webinar next week to explain the report and its findings.
The 45-minute session, which is free to attend, will be held on Wednesday 28 April at 2...
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By Jersey Financial Services Commission on
23 April 2021
Aztec Group has appointed Charlotte Light as Chief Technology Officer and Tom Bennett as Head of Innovation.
Charlotte has a range of experience in many industries, including media, medical and retail. As CTO for the Aztec Group, she will drive the technology and change agenda as a member of ...
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By Aztec Group on
22 April 2021
US private equity firm Resolute Capital Partners has appointed Guernsey-based regulatory specialist Midshore Consulting to help it implement an international feeder fund.
Resolute's aim is to internationalise its operations – supporting the growth of proven and early-stage companies...
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By Resolute Capital Partners on
22 April 2021
Carey Olsen's investment funds team in Guernsey has advised venture capital and growth equity firm Endeavour Vision on the launch and final close of its second dedicated medtech and digital health fund, Endeavour Medtech Growth II, with commitments of $375m.
The fund will continue the str...
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By Carey Olsen on
22 April 2021
The Guernsey Financial Services Commission has issued three consultation papers as part of the implementation of the Revision of Laws Project.
The first consultation provides for revision to regulations and rules made under the Regulation of Fiduciaries, Administration Businesses and Com...
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By Guernsey Financial Services Commission on
22 April 2021
Ocorian has been appointed as administrator of Man GPM RI Community Housing Fund 1, which has completed its first close.
The fund, set up using a Guernsey Private Investment Fund structure, has raised an undisclosed amount at its first close.
There have been commitments from investors including Ho...
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By Ocorian on
22 April 2021
The Institute of Directors' Guernsey Branch has announced details of its annual Mid-Term Debate, which will focus on how leaders need to adjust post-Covid-19.
The event will consider today's volatile market conditions and rate of change, which has exposed weaknesses in the traditional linea...
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By Black Vanilla on
22 April 2021
Maples and Calder, the Maples Group's law firm, has advised Apache Capital Partners on the Jersey legal aspects of the debt and equity funding of its build-to-rent (BTR) joint venture development in Glasgow.
Apache Capital and its development partner, Moda Living, purchased the Glasgow si...
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By Maples and Calder on
21 April 2021
James Cooke has been appointed to the board of Ashburton (Jersey) as Director of Investments for Ashburton Investments (International).
The appointment follows James’ recent promotion to Head of Global Equities at the firm.
James has more than 15 years’ experience in investment m...
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By Crystal PR on
21 April 2021
The Guernsey Financial Services Commission has decided to amend the Private Investment Fund (PIF) rules to allow more investor categories to take advantage of an appropriately regulated fund structure. The move follows a consultation paper on the proposals, published in December.
While the current ...
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By Guernsey Financial Services Commission on
21 April 2021
An assessment of the risk of Jersey being used as a conduit for the funding of terrorist activity has been published today by the Government of Jersey.
The Bailiwick of Jersey: National Risk Assessment of Terrorist Financing concludes that the risk of either financial services or non-profit o...
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By Government of Jersey on
20 April 2021
KPMG in the Crown Dependencies, which has offices in Jersey, Guernsey and the Isle of Man, has been appointed as a strategic partner to the Isle of Man government, to help it develop a five- to 10-year economic strategy for the island.
The firm will make available an international team of mor...
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By KPMG on
19 April 2021
Legal and financial services group Hatstone has signed an agreement with law firm Tully Rinckey (Ireland) that has enabled it to open a European hub in Dublin.
Tully Rinckey Managing Partner Grainne Loughnane, along with Partners Setanta Landers and Julie O’Sullivan, their associates and...
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By Hatstone Lawyers on
19 April 2021
Enhance Group's co-founder, Richard Sayers, has returned to the investment consultancy as its Client Services Director.
With more than 27 years' experience in investment management, oversight and fiduciary services, earlier in his career Richard worked as a Portfolio Manager for Barclays We...
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By Enhance Group on
19 April 2021
Guernsey has seen a big increase in pension longevity risk transfer deals over the past 18 months, which have continued despite Covid-19 uncertainty.
Over the past five years, several well established pension schemes have completed transactions, together worth in excess of £30bn, throug...
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By We Are Guernsey on
19 April 2021
Commissioner Monique O’Keefe has succeeded Ian Wright as Deputy Chair of the Jersey Financial Services Commission.
With 20 years’ experience in finance and law, Monique joined the Board of Commissioners in December 2018.
She co-founded Jersey-based financial consultancy Kairos We...
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By Jersey Financial Services Commission on
19 April 2021
Consultancy firm Yesrej has been launched this week in Jersey, offering a range of business consultancy services and providing corporate turnaround support.
The new business is led by Mary Frawley (pictured), who plans to help local consultants improve their corporate turnaround ski...
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By Yesrej on
16 April 2021
Guernsey-based corporate, fund and private wealth specialist Carey has appointed Andreas Tautscher to its board as a Non-Executive Director.
An experienced financial services executive, Andreas acts as an independent director on listed and private funds as well as other regulated businesses.
...
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By Lucid on
16 April 2021
Conduct and culture, financial crime, technology, innovation and operational resilience have all been highlighted as key topics in Guernsey for regulatory professionals and the wider financial services community.
So says Deloitte's recently issued report, Financial Markets Regulator...
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By Black Vanilla on
16 April 2021
The Jersey Financial Services Commission has announced it is hosting a webinar as a follow-up to its Jersey Private Funds thematic examination.
The hour-long session is free to attend and will be held on 20 April at 3pm.
JFSC Head of Examinations Amanda Reilly, along with Examiner Drew Living...
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By Jersey Financial Services Commission on
16 April 2021
Statistics Jersey has published its latest Business Tendency Survey (BTS).
For this quarterly roundup of information about the island’s economy, chief executives and managing directors are asked for their opinions on the status of their business compared with three months earlier and the...
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By Government of Jersey on
15 April 2021
Carey Olsen has appointed Senior Associate Tracey Powell and Associate Daniel Long to its Guernsey corporate practice.
Tracey, who is based in Carey Olsen's London office, advises on a broad range of Guernsey corporate, banking and finance, funds and regulatory matters, focusing on the es...
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By Carey Olsen on
15 April 2021
Jersey-based trust and fiduciary services provider VG Group has promoted James Amos and Chris Hamon to the role of Assistant Manager.
James joined the firm in 2018 as a Senior Trust Officer and is responsible for the administration of a varied portfolio of complex structures.
He has more than 10 y...
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By VG on
15 April 2021
Guernsey Finance has produced a guide that focuses on best practice for single and multiple-family offices.
The report describes governance as the backbone of a family office, dictating everything from the investment strategy to the internal decision-making process that influences family membe...
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By We Are Guernsey on
14 April 2021
Jersey law firm Edward Scott and Co has promoted Kirsten Faichnie to the role of Counsel.
Kirsten has been a Consultant at the practice since it launched in September last year.
She advises on a variety of corporate and funds matters – acquisition and financing transactions for private...
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By Edward Scott and Co on
14 April 2021
JTC has published its full-year results, which show continued growth despite the impact of the pandemic.
For the year ended 31 December 2020, the Jersey-based, London Stock Exchange listed public company reported a 15.9% increase in total revenue to £115.1m and a 9.4% rise in und...
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By Crystal PR on
13 April 2021
Businesslife magazine is to publish its second annual bound-in thought leadership supplement with its forthcoming May/July issue – giving the islands’ business leaders a chance to set out their thinking on how their sectors will rebound post-coronavirus.
Throughout the pandemic, Channel...
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By BL Global on
13 April 2021
Corporate, private client and funds services provider Hawksford has appointed Gavin Wilkins as Group Chief Commercial Officer, based in Jersey.
Gavin joined Hawksford last year as Global Head of Client and Intermediary Relationships. He moved to the firm from a Director role with Oak Group, h...
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By Liquid on
13 April 2021
Collas Crill has advised Curaleaf on its acquisition of medicinal cannabis specialist EMMAC Life Sciences at an implied post-money valuation of $413m.
Collas Crill's role included advising on the establishment in Guernsey of Curaleaf International Holdings to hold the EMMAC investment an...
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By Collas Crill on
13 April 2021
TrustQuay, which provides technology to the corporate services, trust and alternative fund administration markets, has opened an office in the Luxembourg House of Financial Technology (LHoFT), a public-private initiative dedicated to the nation's fintech sector.
TrustQuay offers corporate ...
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By Narrative UK on
13 April 2021
Deloitte’s Channel Islands advisory team has launched a series of four cyber webinars to help local companies better understand cyber threats and respond to cyber incidents.
The four sessions, devised by Caroline Honeycombe, Manager in Deloitte's Jersey-based Cyber Risk Services tea...
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By Black Vanilla on
12 April 2021
Suntera Global has promoted Sharon De Mendonca to the role of Chief People Officer, based in Jersey.
Previously the group’s Global Head of HR, Sharon has more than 20 years in human resources. She joined Suntera in 2020, having spent three years as Hawksford's Global Head of People....
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By Crystal PR on
12 April 2021
The world’s largest recycler of aluminium has listed green bonds on The International Stock Exchange (TISE).
Novelis Sheet Ingot, an indirect wholly-owned subsidiary of Novelis Inc, has had €500m 3.375% Senior Notes, due April 15 2029, admitted to TISE’s green market segment,...
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By TISE on
12 April 2021
Deloitte’s latest UK CFO Survey, for Q1 2021, reports a record level of business optimism among the UK’s finance leaders.
CFOs anticipate a strong recovery in profits over the next 12 months, with profit expectations back to the previous high seen in mid-2014 at the top of the eco...
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By Deloitte on
12 April 2021
Offshore fiduciary services provider R&H Jersey, part of Rawlinson & Hunter, has promoted three Directors to Partner level.
Katrina Williams and Matthew Christensen, Directors of R&H Trust Co (Jersey), and John-Paul Meagher, a Director of R&H Fund Services (Jersey), have joine...
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By R&H Jersey on
12 April 2021
JTC has supported CEIBA Investments on its completion of a €25m, 10%, senior unsecured convertible bond issue due for repayment on 31 March 2026.
CEIBA, part of Aberdeen Standard Investments, was incorporated in Guernsey as a non-cellular company in 1995 and was admitted to the Specialist Fund...
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By Crystal PR on
12 April 2021
Administrative services provider TMF Group has completed its acquisition of Venture Back Office (VBO), a US-based third-party provider of solutions to private equity, real assets, credit and emerging manager funds.
As a result, TMF Group will now administer more than €150bn worth of assets on ...
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By TMF Group on
9 April 2021
Sales activity in the Guernsey Local Market during the first quarter of this year was at its lowest quarterly level since the second quarter of last year – periods both affected by coronavirus lockdown restrictions.
According to the latest conveyancing statistics compiled by Unusualitie...
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By Carey Olsen on
9 April 2021
The rise of sustainable finance, the impact of Brexit, EU regulation and the fallout of the pandemic all have the potential to shape considerations around alternative fund domicile selection, according to new research published by IFI Global and supported by Jersey Finance.
Based on the views of al...
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By Crystal PR on
8 April 2021
Jersey-based fiduciary and fund services provider Highvern has opened its first office in London.
The new office has been established in response to growing demand from clients with UK-based private wealth and corporate structuring requirements.
The London office will look to service new and...
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By Direct Input on
8 April 2021
Sanne Group has entered into an agreement to acquire STRAIT, a US fund solutions company for alternative investment firms.
Founded by John Relton in 2006, STRAIT specialises in providing fund administration, financial oversight and regulatory compliance services for private equity funds, hedge fund...
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By Sanne Group on
8 April 2021
IQ-EQ has signed terms to acquire Concord Trust Company, a US business with offices in South Dakota and New Hampshire. The transaction is subject to state regulatory approval from the South Dakota Division of Banking.
This is the first deal for IQ-EQ in the US private wealth space, and f...
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By IQ-EQ on
8 April 2021
Investment services company Ravenscroft has reported an increase in assets under administration (AUA) and revenue in 2020, a year in which the company also acquired two new businesses.
In its annual report, the company, which now has offices across Guernsey, Jersey, the UK and the Isle of Man, show...
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By Ravenscroft on
7 April 2021
Fund, corporate and private client services provider JTC has been granted a licence to provide corporate services in Abu Dhabi, as the company continues to build its Middle East proposition.
The licence has been awarded by the Abu Dhabi Global Market (ADGM), an international financial freezone in t...
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By Crystal PR on
7 April 2021
Change and project management consultancy Marbral Advisory has appointed Laura Spears as Head of People and Operations, and Jenny Winspear as Consultant and Product Development Lead.
Laura takes on this senior leadership role in the company, spanning the business's operations in the Chann...
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By Marbral Advisory on
7 April 2021
There have been a record number of first quarter listings on The International Stock Exchange (TISE).
There were 225 newly listed securities on TISE during the first three months of 2021, which is more than any other first quarter since the inception of the Exchange in 1998.
It took th...
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By TISE on
7 April 2021
Insurance broker Rossborough has appointed John Lowery (pictured) to its board in Jersey.
A chartered insurance broker, John has served as the firm's Executive Director, Corporate & Professional Risks, since January 2019 and has been a member of the team for more than 19 years.
...
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By Liquid on
7 April 2021
An independent trust service provider, Entrust, has officially been launched in Jersey.
Led by Managing Director Emma Roberts (pictured), the team bring with them many years of experience in the sector.
Emma has held a number of directorships in Guernsey businesses, including Rothschild Trus...
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By Liquid on
7 April 2021
Tracy Lewis and James Christie have been promoted to Directors on the board of Oak Fund Services (OFS).
OFS, formerly International Administration Group (IAG), was acquired by the Oak Group in May 2019 and has offices in Guernsey and Luxembourg.
Tracy joined Oak in 2017 and has more than 20 ...
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By FWD Consulting on
7 April 2021
JTC has completed its acquisition of RBC CEES from RBC Holdings (Channel Islands), part of RBC Wealth Management, which was announced in December.
Rebranded as JTC Employer Solutions, the acquisition complements JTC’s existing corporate and trustee services and enhances the group’s empl...
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By Crystal PR on
6 April 2021
The Jersey Financial Services Commission has announced that it is hosting a webinar on the changes to its AML/CFT Handbooks on Wednesday 14 April at 2pm.
The hour-long session will feature the Commission's Chief Adviser Financial Crime, Hamish Armstrong, and Senior Adviser Policy Pia Holm, who ...
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By Jersey Financial Services Commission on
6 April 2021
Carey Olsen's corporate team in Jersey has advised Digital 9 Infrastructure, a newly established Jersey listed fund, on its initial placing and offer for subscription and placing programme.
Raising gross proceeds of £300m, the ordinary shares of Digital 9 Infrastructure have been ad...
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By Carey Olsen on
1 April 2021
Appleby has announced eight senior promotions across its Jersey, Bermuda, British Virgin Islands and Cayman Islands offices. The appointments include members of its Corporate and Dispute Resolution teams.
In Jersey, Kevin McQuillan (pictured), a member of the firm's Corporate team, has been pro...
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By Appleby on
1 April 2021
Quilter has announced its intention to sell its wealth management business Quilter International to life assurance group Utmost.
The deal comprises an estimated total of £483m payable in cash on completion, expected by the end of 2021, when Quilter International will become part of Utmo...
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By BL Global on
1 April 2021