The Jersey Chamber of Commerce has appointed Adam Budworth, Managing Director of Grant Thornton Channel Islands, as its new President.
He succeeds Jennifer Carnegie, Chief Operating Officer of Amicus, who steps down today after completing her three-year term.
Adam has served ...
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By Jersey Chamber of Commerce on
31 August 2022
Law At Work (LAW) has appointed Alison Rimington as a Senior HR Business Manager.
Alison will support LAW as it increases its services in Guernsey providing advice, support and training on employment and health and safety matters.
Alison's 26-year career started in London as a team leader...
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By Direct Input on
31 August 2022
The Jersey Financial Services Commission is asking banks for feedback on its draft Banking Codes of Practice that are due to come into force on 1 January 2023.
Codes for review include:
• Main body code
• Appointment of auditor (AoA Code)
• Financial statements (FS Code)&...
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By Jersey Financial Services Commission on
31 August 2022
Zedra has completed its acquisition of BNP Paribas Jersey Trust Corporation, following regulatory approval by the Jersey Financial Services Commission.
Zedra has maintained a strong presence in Jersey. As a core jurisdiction for the firm, it is its largest office, providing services for corpo...
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By Greentarget on
30 August 2022
JTC has announced plans to acquire New York Private Trust Company (NYPTC), a non-deposit trust business headquartered in Delaware, US.
NYPTC offers a broad range of fiduciary services, including trust services, estate administration services and white-label trust services, to high-net-worth a...
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By JTC Group on
30 August 2022
Walkers has promoted three lawyers to the partnership in its Jersey office – Sevyn Kalsi (Private Capital and Trusts), Julia Keppe (Banking and Finance) and Daniel Read (Employment).
Sevyn (pictured) has been with the firm since 2018 as Senior Counsel, having moved offshore from the City...
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By Walkers on
30 August 2022
The Jersey Financial Services Commission is requesting feedback from the insurance sector on a proposed 12.9% increase to the sector’s fee rates.
This increase combines:
• Headline fee rates being subject to an increase of 5% above the Retail Prices Index to contribute to the Commission&...
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By Jersey Financial Services Commission on
30 August 2022
Preqin has published its H2 2022 Investor Outlook report, which finds that allocations to hedge funds are likely to increase while higher risk venture capital and private equity allocations suffer.
The survey, conducted in June, interviewed more than 300 LPs investing in alternative assets. I...
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By Preqin on
25 August 2022
The BDO Group in Jersey has appointed Manik Memon as Director – Audit and Assurance.
Manik brings to the firm more than 10 years’ experience in audit and assurance services, with a focus on investment funds and complex areas including the audit of alternative asset valuations.&nbs...
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By C5 Alliance on
25 August 2022
Guernsey-based management consultancy CBO Projects has promoted two of its consultants to new roles.
David Palzeaird is now the firm’s Principal Consultant for CBO’s business analysis arm, while Kate Harbour has been promoted to Senior Consultant.
David has been with the firm since Apr...
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By CBO Projects on
25 August 2022
The IoD in Jersey has announced details of its second Leaders’ Lunch of 2022, which features the new Chief Minister of Jersey, Deputy Kristina Moore, as the guest of honour.
The event – which takes place from 12.15pm to 2.15pm on Friday 23 September at the Royal Yacht Hotel &...
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By Gwyn Garfield-Bennett on
23 August 2022
The latest issue of Businesslife, exploring the future of the funds sector, is now available.
The global funds sector continues to adapt and grow – providing investors and wealth managers with much-needed stability amid growing global economic uncertainty.
That’s the message delivered ...
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By BL Global on
22 August 2022
IQ-EQ has appointed Gareth Smith as Head of Fund Operations in Guernsey.
Gareth has extensive fund administration and private equity experience across the Channel Islands.
He has most recently led the operations team at Ocorian. Prior to that, he spent two and a half years with Apex Gr...
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By IQ-EQ on
22 August 2022
Details of Guernsey’s third Sustainable Finance Week have been announced, with the focus on three global themes central to the race to net-zero: carbon markets and pricing, biodiversity and energy transition.
Sustainable Finance Week features keynote speakers, panel sessions, firesi...
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By We Are Guernsey on
22 August 2022
The IoD Guernsey has announced details of this year's Annual Convention, which will take place on 6 October at the David Ferguson Hall at Beau Sejour.
The event will focus on how to navigate the ‘new order’ of geopolitical risk, protectionism and what this means for businesses ...
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By Black Vanilla on
19 August 2022
Statistics Jersey has published its house price report for the second quarter of 2022.
The Jersey House Price Index measures the combined average price of one- and two-bedroom flats and two-, three- and four-bedroom houses.
The index includes properties transacted through the Royal Cou...
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By Government of Jersey on
19 August 2022
Businesslife magazine has unveiled an exclusive advertising offer for firms looking to reach its extensive audience – with a discounted rate for advertising in its forthcoming Trends and Disruptors Edition.
The Channel-Islands-based business and lifestyle magazine is distributed widely in Jer...
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By BL Global on
18 August 2022
Collas Crill has promoted Ben Le Page to Senior Associate in its Corporate, Finance and Funds team in Guernsey.
Ben advises on all aspects of commercial law, with a focus on banking and finance (including real estate finance, Islamic finance and fund finance), mergers and acquisitions and general c...
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By Collas Crill on
17 August 2022
Walkers' Jersey and London teams have advised JPMorgan (and other global financial institutions) as lender to Waldencast Acquisition Corp, a special-purpose acquisition company, on its $250m debt facility in connection with Waldencast's acquisition of beauty brands OBAGI and Milk Makeup.
Th...
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By Walkers on
17 August 2022
The BDO Group in Jersey, including C5 Alliance and ALX Training, has recruited Dianne Gollop as Head of Financial Crime Compliance.
Dianne will also be responsible for the role of the Money Laundering Reporting Officer (MLRO) and the Money Laundering Compliance Officer (MLCO).
Dianne has mor...
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By C5 Alliance on
16 August 2022
Guernsey-based fiduciary and fund administration business HFL has promoted three staff across its fund administration, business support and compliance teams.
Georgia Archer becomes a Senior Business Analyst.
Georgia will remain in the business support team, conducting risk assessments ...
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By Black Vanilla on
15 August 2022
Apex Group has acquired US professional services firm SandsPoint Capital Advisors.
SandsPoint, based in Dallas, Texas, provides advisory and consultancy services to alternative asset managers, particularly in the real estate market.
Its outsourced services include fund accounting and a...
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By Apex Group on
15 August 2022
The Jersey Financial Services Commission has fined the Jersey branch of Lloyds Bank Corporate Markets (LBCM) £498,000 for breaching its regulatory requirements in relation to one correspondent banking relationship.
Correspondent banking involves the provision of services by one bank (cor...
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By Jersey Financial Services Commission on
15 August 2022
Following the recent publication of its consultation paper on the draft rules and approach for regulating sectors covered by The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022, the Guernsey Financial Services Commission will be hosting a series of meetings with sectors affected by the...
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By Guernsey Financial Services Commission on
15 August 2022
Guernsey-based interior design consultancy POS has appointed Tristan Wheadon as Finance Controller and Commercial Manager.
Tristan joins POS from Guernsey-based property business Mawson Collins.
During his career, he has served as Deputy CFO for New Century, a provider of intelligence servic...
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By Black Vanilla on
15 August 2022
The States of Guernsey has released its Residential Property Prices Bulletin for the second quarter of 2022.
The full bulletin can be viewed here but the key points are as follows:
• The mix adjusted average purchase price for Local Market properties transacted during Q2 was £598,963 &n...
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By States Of Guernsey on
11 August 2022
Ocorian has appointed Jamie Gleeson to its newly established strategic client group as Director of Strategic Sales.
Jamie, an asset management sector specialist with more than 22 years’ experience, joins Ocorian after three years as Head of EMEA Hedge Fund Sales for SS&C GlobeOp...
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By Ocorian on
11 August 2022
Walkers has advised on one of the first continuances of a foreign limited partnership into Jersey.
Group Partner Christopher Reed, assisted by a team including Senior Associate Ruth Donnellan, advised on the migration of the limited partnership, working with lead counsel in the Netherlands and Hawk...
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By Walkers on
10 August 2022
Mourant has promoted seven people in Jersey – two in the legal practice, two in Mourant Governance Services and three in Business Services.
In the legal practice, Rachel Fowler and Stefan Chinniah (both pictured) in the funds team have been promoted to Counsel. They are based in t...
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By Mourant on
10 August 2022
Financial services group TEAM has completed its acquisition of two businesses – Concentric Group and Omega Financial Services.
Both completions took place in the week of 1 August, following approval from the Jersey Financial Services Commission.
Concentric, a Jersey-based financial pla...
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By Novella on
9 August 2022
Dena Brumpton has joined the board of Stonehage Fleming as a Non-Executive Director.
Dena is a former Chief Executive of Barclays' savings, investments and wealth management division and sat on the bank's UK Executive Committee.
Most of her executive career was spent with Citigroup, ...
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By Stonehage Fleming on
9 August 2022
Oben Law has appointed Lydia Emery as a Senior Associate and Jonathan Van Neste as a Manager supporting the Oben Regulatory team.
Lydia qualified as an English Solicitor in 2017 and has gained considerable experience in the offshore trust and corporate sectors.
She has spent the ...
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By Oben on
8 August 2022
Skipton International has reported a strong set of half-year results, with unaudited profits of £18m before tax – a 57% increase on 2021's half-year profits of £11.4m.
The bank has assets in excess of £2.18m. During the first six months of the year, Skipton Interna...
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By Skipton International on
5 August 2022
Optimism among high-net-worth investors dipped to early pandemic levels, based on continuing concerns about the economic and market impact of inflation and the war in Ukraine, according to the latest quarterly Investor Sentiment survey from UBS.
The survey, of more than 2,800 investors and 1,...
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By Refinery on
4 August 2022
Ocorian has appointed Gavin James as its Chief Financial Officer, based in London.
Gavin is an experienced CFO who has worked at publicly listed and private equity-backed businesses across a range of industries, spanning professional services, technology, manufacturing, software and business proces...
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By Ocorian on
4 August 2022
Apex Group has completed its acquisition of Sanne Group.
The close of the deal positions Apex as a top-tier independent service provider, servicing nearly $3trn in assets across administration, depositary, custody and under management.
The addition of Sanne brings another 2,500 people into t...
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By Apex Group on
4 August 2022
Corporate, fund and family office services provider Altum has appointed James Milner as Head of Growth for the group, based in its Jersey office.
James is an accountant with more than 20 years’ experience in the finance industry, specialising in European fund distribution, multi-jurisdi...
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By Altum on
4 August 2022
Greater global standardisation, more regulatory support and enhanced understanding are vital if wealthy Asian investors are to realise the full potential of ESG-driven investing, according to a new report published by Hubbis and supported by Jersey Finance.
The report, Asia’s HNW and UHNW Inv...
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By Crystal PR on
4 August 2022
Saffery Champness Registered Fiduciaries has appointed Claire Bufton as Senior Finance Manager in the firm’s Guernsey office.
Claire will supervise the client accounting team in the office and help the finance director manage the firm’s internal financial reporting and the co...
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By Infinite Global on
4 August 2022
Jersey private equity firm Rialto Investment Partners has acquired Purpose, a Jersey-based bookkeeping, accountancy and tax practice for local owner-managed businesses.
Rialto was formed in October 2020 by Luke Smith and Oliver Mourant to acquire high-performing local companies. This latest deal fo...
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By Maillard & Co on
2 August 2022
IQ-EQ has appointed Diana Senanayake to the dual role of Managing Director of its Luxembourg headquarters and Regional CEO for Continental Europe.
Diana brings to the firm 26 years in financial services, with senior leadership, management and corporate governance roles across multiple jurisdictions...
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By Aspectus Group on
2 August 2022
Jersey-based KIT Consulting has merged with UK-based management consultancy Elixirr.
KIT Founder and CEO Emiko Caerlewy-Smith has become a Partner at Elixirr, while Jane Flemmer and Amy King have joined as Principal and Manager, respectively.
KIT Consulting has become the Jersey branch of El...
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By BL Global on
2 August 2022
Jersey-based investment management firm Spring IM has appointed Chantal Botterill as its Chief Operating Officer, assisting Spring IM in launching its pension proposition.
Chantal's career on the island started at EY and has included more than 15 years with HSBC Private Bank, overseeing its pen...
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By Spring IM on
2 August 2022
Standard Bank Jersey has appointed Andrea John (pictured) and Lisa Nelson to the board.
Andrea joined Standard Bank Offshore Group as Head of Risk two years ago, and has been responsible for the bank’s risk management strategy and policy.
During her career she has served as Head of Ban...
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By Isle of Man Advertising & PR on
2 August 2022
JTC has appointed Charles-Henry Courtois as Regional Head – AMEA within its Private Client Services (PCS) Division as the firm continues to focus on the Asia, Middle East and Africa markets.
In his new role, Charles-Henry, who is based in London, will provide oversight for PCS's clie...
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By Crystal PR on
1 August 2022
The winners of this year’s Jersey Finance Rising Stars Awards were announced at a ceremony at the Royal Jersey Showground on Friday.
The awards, now in their third year, recognise future leaders in the local financial services industry among those aged 16 to 30.
They span 14 indus...
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1 August 2022
TrustQuay, which provides technology to the corporate services, trust and alternative fund administration markets, has appointed Lawrence Nash as Programme Director, based in Jersey.
Lawrence has extensive experience in operations and financial control. He joins TrustQuay from LGL Group, wher...
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By Narrative UK on
1 August 2022
Advocate Paul Matthams, a non-contentious Jersey trusts lawyer, has joined Seymour Law as a Partner.
Paul is regarded as an authority on trusts law and is a co-author of Drafting Trusts and Will Trusts in the Channel Islands with James Kessler QC. A lawyer and previously a professional t...
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By Seymour Law on
1 August 2022