Business News Archive

« March 2021

April  2021  (38)

  • Corporate turnaround consultancy launches in Jersey

    Yesrej logo_apr21Consultancy 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...     [read more]

    By Yesrej on  16 April 2021 
  • Carey appoints Andreas Tautscher as Non-Executive Director

    AndreasTautscher_Carey_apr21Guernsey-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. ...     [read more]

    By Lucid on  16 April 2021 
  • Comment: the regulatory outlook for Guernsey

    Deloitte Logo 2020Conduct 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...     [read more]

    By Black Vanilla on  16 April 2021 
  • JFSC to hold webinar on Jersey Private Fund thematic review

    JFSC logo 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...     [read more]

    By Jersey Financial Services Commission on  16 April 2021 
  • Jersey publishes Q1 2021 Business Tendency Survey

    Statistics Jersey logoStatistics 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...     [read more]

    By Government of Jersey on  15 April 2021 
  • Carey Olsen adds to Guernsey corporate practice

    Tracey_Powell_CO_thCarey 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...     [read more]

    By Carey Olsen on  15 April 2021 
  • VG announces two promotions

    JamesAmos_VG_apr21Jersey-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...     [read more]

    By VG on  15 April 2021 
  • Guernsey releases family office governance guide

    We Are Guernsey logoGuernsey 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...     [read more]

    By We Are Guernsey on  14 April 2021 
  • Edward Scott and Co promotes Kirsten Faichnie to Counsel

    Kirsten Faichnie_EdwardScott_apr21Jersey 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...     [read more]

    By Edward Scott and Co on  14 April 2021 
  • JTC announces 2020 full-year results

    BL63_NigelLeQuesneJTC 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...     [read more]

    By Crystal PR on  13 April 2021 
  • Businesslife launches second Future View c-suite supplement

    Future View logoBusinesslife 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...     [read more]

    By BL Global on  13 April 2021 
  • Hawksford promotes Gavin Wilkins to Group Chief Commercial Officer

    Gavin Wilkins_Hawksford_apr21Corporate, 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...     [read more]

    By Liquid on  13 April 2021 
  • Collas Crill advises Curaleaf on acquisition of EMMAC Life Sciences

    CollasCrill LOGO2019Collas 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...     [read more]

    By Collas Crill on  13 April 2021 
  • TrustQuay opens Luxembourg office

    TrustQuay logo jun20TrustQuay, 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 ...     [read more]

    By Narrative UK on  13 April 2021 
  • Deloitte launches cyber webinar series

    Deloitte cyber series April21Deloitte’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...     [read more]

    By Black Vanilla on  12 April 2021 
  • Suntera names Sharon De Mendonca as Chief People Officer

    Sharon de Mendonca_Suntera_apr21Suntera 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....     [read more]

    By Crystal PR on  12 April 2021 
  • Novelis green bonds admitted to TISE GREEN

    TISE GREEN logoThe 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,...     [read more]

    By TISE on  12 April 2021 
  • Deloitte CFO survey highlights rising business confidence

    Deloitte Logo 2020Deloitte’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...     [read more]

    By Deloitte on  12 April 2021 
  • R&H Jersey appoints three Partners

    KatrinaWilliams_R&H_apr21Offshore 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...     [read more]

    By R&H Jersey on  12 April 2021 
  • JTC Guernsey supports CEIBA in bond issue

    JTC Logo 2018JTC 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...     [read more]

    By Crystal PR on  12 April 2021 
  • TMF Group completes Venture Back Office acquisition

    TMF GroupAdministrative 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 ...     [read more]

    By TMF Group on  9 April 2021 
  • Second lockdown leads to Q1 fall in Guernsey housing activity

    JasonMorgan_CareyOlsen_2019Sales 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...     [read more]

    By Carey Olsen on  9 April 2021 
  • Jersey Finance and IFI publish fund domiciliation report

    JerseyFinance logo_jul2019The 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...     [read more]

    By Crystal PR on  8 April 2021 
  • Highvern opens office in London

    Highvern logo apr21Jersey-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...     [read more]

    By Direct Input on  8 April 2021 
  • Sanne to acquire US fund solutions firm STRAIT

    Sanne logo 2020Sanne 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...     [read more]

    By Sanne Group on  8 April 2021 
  • IQ-EQ enters US private wealth market with Concord Trust buy

    IQ-EQ logo_2019IQ-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...     [read more]

    By IQ-EQ on  8 April 2021 
  • Ravenscroft reports AUA and revenue increases in 2020

    Ravenscroft thumbnailInvestment 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...     [read more]

    By Ravenscroft on  7 April 2021 
  • JTC secures Abu Dhabi licence

    NaroZimmerman_JTC_mar21Fund, 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...     [read more]

    By Crystal PR on  7 April 2021 
  • Marbral Advisory hires two in Jersey

    Laura Spears_Marbral_apr21Change 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...     [read more]

    By Marbral Advisory on  7 April 2021 
  • Record Q1 for TISE listings

    TISE logoThere 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...     [read more]

    By TISE on  7 April 2021 
  • Rossborough appoints John Lowery to Jersey board

    John Lowery_Rossborough_apr21Insurance 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.  ...     [read more]

    By Liquid on  7 April 2021 
  • Trust company launches in Jersey

    Entrust logo_apr21An 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...     [read more]

    By Liquid on  7 April 2021 
  • Two promoted to Oak Fund Services board

    TracyLewis_Oak_apr21Tracy 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 ...     [read more]

    By FWD Consulting on  7 April 2021 
  • JTC completes acquisition of RBC CEES

    JTC Logo 2018JTC 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...     [read more]

    By Crystal PR on  6 April 2021 
  • JFSC to hold webinar on AML/CFT Handbook amends

    JFSC logo 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 ...     [read more]

    By Jersey Financial Services Commission on  6 April 2021 
  • Carey Olsen supports Digital 9 Infrastructure LSE listing

    CareyOlsen logo_jul19Carey 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...     [read more]

    By Carey Olsen on  1 April 2021 
  • Appleby promotes Kevin McQuillan to Counsel in Jersey

    KevinMcQuillan_Appleby_apr21Appleby 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...     [read more]

    By Appleby on  1 April 2021 
  • Quilter to sell Quilter International to Utmost

    QuilterInternational logoQuilter 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...     [read more]

    By BL Global on  1 April 2021 

« March 2021

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