Business News Archive

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December  2021  (44)

  • Highvern announces year-end promotions

    JaneFreer_Highvern_dec21Fiduciary services provider Highvern has announced several promotions.   Jane Freer has become a Client Director in the firm’s private wealth department, moving up from Associate Director. She has been with the firm since 2016, following 21 years with Coutts. Mark Bouteloup becomes Assoc...     [read more]

    By Highvern on  21 December 2021 
  • Who's Who Legal Awards revealed

    WWL Awards 2021Carey Olsen has been named Guernsey Firm of the Year and Mourant has been named Jersey Firm of the Year at the 2021 Who's Who Legal Awards. The annual awards, which celebrate the achievements of law firms in more than 70 jurisdictions, are based on the performance of firms and individuals ...     [read more]

    By BL Global on  20 December 2021 
  • Jersey consults on anti-money laundering exemptions

    JFSC logo The Jersey Financial Services Commission has launched a joint consultation with the Government of Jersey on more closely aligning the island’s exemptions regime to international standards. They are calling for feedback on proposals to make some of the more complex aspects of Jersey’s re...     [read more]

    By Jersey Financial Services Commission on  20 December 2021 
  • Rossborough appoints Stephen Rafferty as Business Development Executive

    stephenRafferty_Rossborough_dec21Gallagher-owned insurance broker Rossborough Insurance has appointed Stephen Rafferty as Business Development Executive, based in Jersey. Stephen brings to the role more than 40 years of experience in global financial services across Northern Ireland, the UK, Isle of Man and Jersey, as well as havi...     [read more]

    By Liquid on  17 December 2021 
  • Zedra promotes David Rudge to Head of UK

    DavidRudge_Zedra_dec21Global trust services provider Zedra has promoted David Rudge to Head of UK for the firm, based in London. David took up the new role this month, having joined Zedra in March as UK Managing Director, Active Wealth. Prior to that, David spent 14 years at Vistra in London, where he served as Managin...     [read more]

    By BL Global on  17 December 2021 
  • Government of Jersey unveils financial services framework

    Government of Jersey logo 2019The Government of Jersey has published its Financial Services Policy Framework, setting out its vision for the sector and the strategic priorities that government will follow to achieve it. The aim is to create the environment required to enable the continued success of Jersey's financial servi...     [read more]

    By Government of Jersey on  17 December 2021 
  • Fairway appoints Dominic Coyne as Director

    Dominic Coyne_Fairway_dec21Jersey-based financial services provider Fairway has appointed Dominic Coyne as a Director in its funds team. Dominic joins Fairway from VG, where he began his career 20 years ago and for the past year has served as Associate Director.  A specialist in real estate and private equity funds, Do...     [read more]

    By Lisa Downes on  17 December 2021 
  • Digital Jersey wins Global Brands award

    DigitalJersey_logo2018Digital Jersey has been named Most Innovative Digital Growth Facilitator, United Kingdom, in this year's Global Brands Awards. Global Brands magazine said it had recognised Digital Jersey for its "commitment to innovation, quality, branding activities, customer service and performance...     [read more]

    By Digital Jersey on  17 December 2021 
  • HSBC supports Jersey Development Company with Green Loan facility

    HSBC logoHSBC’s Jersey commercial banking team has supported Jersey Development Company (JDC) with a multimillion-pound Green Loan facility to support the development of the International Finance Centre 6 building. The financing facility will enable JDC to progress the development of the five-storey, ...     [read more]

    By Crystal PR on  17 December 2021 
  • JTC acquires New York fund services firm

    JTC Logo 2018JTC has acquired New York-based Essential Fund Services (EFS). EFS offers a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers. The acquisition complements JTC’s recent ...     [read more]

    By Crystal PR on  16 December 2021 
  • Singaporean REIT lists subsidiary on TISE

    TISE logo 2021The International Stock Exchange (TISE) has become home to a wholly owned subsidiary of a Singaporean listed real estate investment trust (REIT), allowing it to access the benefits of the UK REIT regime.   Elite Commercial REIT is a Singapore-listed trust established to invest directly or indir...     [read more]

    By TISE on  16 December 2021 
  • Apex names Lucia Perchard as Head of Family Office

    LuciaPerchard_HighvernApex Group has appointed Lucia Perchard to the position of Head of Family Office Market.  In this newly created role, based in Jersey, Lucia will report to Matt Claxton, Global Head of Corporate Solutions, and be responsible for delivering Apex’s single-source solution to family office c...     [read more]

    By Apex Group on  16 December 2021 
  • Oak announces three senior promotions

    Nicola Gott_Oak_dec21Oak Group has announced three senior promotions in Jersey.   Catherine Pigeon (pictured far right), Group Chief Risk and Compliance Officer, has been appointed to the board of directors, reflecting her role in developing the group's risk and compliance framework. Catherine has been with Oa...     [read more]

    By FWD Consulting on  16 December 2021 
  • IQ-EQ adds two Directors to Guernsey team

    Julie Coutu_IQ-EQ_dec21IQ-EQ has made two senior additions to its Guernsey team – Julie Coutu as Director, Private Wealth, and Henry Smith as Director, Corporate. Julie brings with her more than 30 years’ experience in financial services, spanning the banking and fiduciary sectors.   In her new role, sh...     [read more]

    By Aspectus Group on  16 December 2021 
  • SRJ Technologies acquires STATS (UK)

    SRJ logoJersey-based SRJ Technologies Group has acquired 100% of the issued share capital of pipeline integrity and maintenance company STATS (UK). The deal – based on a combination of SRJ shares traded on the Australian Securities Exchange and cash – is valued at about A$133.8m (£73...     [read more]

    By Gwyn Garfield-Bennett on  15 December 2021 
  • Ogier's Henry Wickham wins STEP Founder's Award

    Henry Wickham_Ogier_oct21Henry Wickham, Counsel at Ogier in Jersey, has been awarded a STEP Founder’s Award for Outstanding Achievement.    A former chair of the STEP Jersey Branch, Henry advises professional trustees, intermediaries, family offices and high-net worth families in the Channel Islands and inte...     [read more]

    By Crystal PR on  14 December 2021 
  • JFSC confirms changes to banking fees

    JFSC logo Following its consultation in October on proposed changes to its 2021-22 banking fees, the Jersey Financial Services Commission has announced that it is proceeding with the 16.5% increase. The increase, which will take effect from 30 November 2021, was determined to ensure the Commission meets its ...     [read more]

    By Jersey Financial Services Commission on  14 December 2021 
  • CIPR to hold webinar on Jersey's Carbon Neutral Roadmap

    CIPR_ClimateChange_logoThe Channel Islands branch of the Chartered Institute of Public Relations (CIPR) is hosting a webinar looking at Jersey’s Carbon Neutral Roadmap on 17 December, the day it is published. The webinar, to be held at 1pm, is part of a CIPR series of sector and region-specific climate change event...     [read more]

    By Black Vanilla on  14 December 2021 
  • Walkers adds Jersey Advocates to banking and finance team

    Elaine Kelly_Walkers_dec21Real estate finance specialist Advocate Elaine Kelly and newly qualified Advocate Rebecca Lever have joined Walkers' Jersey-based banking and finance team. Elaine, who joins as Senior Counsel after serving as a Partner at Ward Yates for five years, has been in private practice since 2008 and ha...     [read more]

    By Walkers on  13 December 2021 
  • HSBC publishes Navigator research

    HSBC logoGlobal business leaders expect double-digit revenue growth next year, according to recent research from HSBC, and island businesses can capitalise and support that shift.  The research, Navigator: Voice of Business, which polled more than 7,350 business decision-makers from 14 global markets, ...     [read more]

    By Crystal PR on  13 December 2021 
  • Crestbridge names Ben Schofield as Senior Manager

    BenSchofield_Crestbridge_dec21Crestbridge has added to its family offices services team with the appointment of Ben Schofield as a Senior Manager in Jersey. Ben brings to the firm more than 13 years' experience in private client, property and family office matters.  He joins Crestbridge after seven years as a manager ...     [read more]

    By BL Global on  10 December 2021 
  • Appleby advises Atlantic Leaf Properties on UK sale

    Appleby thumbnail logoAppleby has acted as Jersey, Guernsey and Isle of Man counsel to TISE-listed Atlantic Leaf Properties Limited (ALPL) on the sale of its UK logistics portfolio.   ALPL is an income-focused UK REIT targeting industrial and logistics property in the UK. The sale involved the indirect dispos...     [read more]

    By Appleby on  10 December 2021 
  • CI Adjusters Director named Insurance Woman of the Year

    Julie-anne Headington_dec21Julie-anne Headington, Finance Director at Channel Islands Adjusters, has been named Insurance Woman of the Year (Small to Medium Firms) at this year's Women in Insurance Awards. In addition, Julie-anne was a finalist for the Role Model of the Year Award and was nominated for Mentor of the Year...     [read more]

    By Orchard PR on  10 December 2021 
  • Intertrust and CSC agree cash offer of €20 per share

    Intertrust logo OCT20Corporation Service Company (CSC) and Intertrust have reached agreement on a recommended public offer for all issued and outstanding ordinary shares of Intertrust for €20 in cash per share – a total of about €1.8bn. The offer price represents a premium of about 59% to the undisturbe...     [read more]

    By BL Global on  10 December 2021 
  • RBS International supports Triton ESG-linked facility

    RBS International logo_jul21RBS International has helped pan-European investment firm Triton to secure its first ESG-linked financing, establishing a €1.455bn syndicated facility.   Acting as lead arranger, facility agent and sustainability coordinator, RBS International committed €322.5m to the facility alongsi...     [read more]

    By Liquid on  9 December 2021 
  • Baker Regulatory Services recruits Sharon Sargeant as Consultant

    Sharon Sargeant_BakerRegServices_dec21Jersey-based Baker Regulatory Services, part of Baker & Partners, has appointed Sharon Sargeant as a Compliance Consultant. In her new role, Sharon will advise financial and professional services clients on all aspects of financial crime regulatory compliance, particularly anti-money laund...     [read more]

    By Infinite Global on  9 December 2021 
  • GFSC launches professional indemnity insurance requirements consultation

    GFSC logoThe Guernsey Financial Services Commission has issued two consultation papers on professional indemnity insurance – one addressing the fiduciary and investment sectors, the other relevant for insurance managers and insurance intermediaries. Following a process of data collection, en...     [read more]

    By Guernsey Financial Services Commission on  9 December 2021 
  • Ogier adds two Partners to Jersey corporate team

    AlexanderCurry-Ogier_dec21Ogier has promoted Alexander Curry and Oliver Richardson to Partners in its corporate team in Jersey. Alexander (pictured right) has been with Ogier in Jersey since 2014, following seven years with Wedlake Bell in London.  His corporate practice focuses on equity capital markets, cross-border...     [read more]

    By Crystal PR on  8 December 2021 
  • Aztec Financial Services signs up for IFC 6

    IFC6 JerseyAztec Financial Services (Jersey) has signed up for significant office space in IFC 6, the third building to be constructed at the International Finance Centre (IFC). Aztec has agreed to lease almost 75% of IFC 6, sited directly west of IFC 5. The 68,000 sq ft Grade A office building will also incl...     [read more]

    By JDC on  8 December 2021 
  • JTC recruits Mariana Enevoldsen as Client Services Director

    Mariana Enevoldsen_JTC_dec21Mariana Enevoldsen has joined JTC in Guernsey as a Client Services Director. Mariana brings extensive experience as a Director, specialising in private equity, listed funds and corporate secretarial functions.  She joins JTC after more than seven years with Ocorian as a Director responsi...     [read more]

    By Crystal PR on  8 December 2021 
  • Prosperity 24/7 appoints Phil Berrill as ERP leader

    PhilBerrill_Prosperity_nov21Jersey-based consultancy Prosperity 24/7 has appointed Phil Berrill to its Business Solutions team as Head of ERP (Enterprise Resource Planning).  An accountant with extensive experience in Microsoft Dynamics ERP solutions, Phil has led projects across a wide range of sectors, including govern...     [read more]

    By goldenthread marketing on  8 December 2021 
  • Davies Group acquires Sionic

    Sionic logoProfessional services and technology business Davies has acquired consultancy Sionic. Headquartered in London but with offices in Jersey, Sionic specialises in technology transformation and digitalisation, international regulatory compliance and risk management. It operates across the UK, US, Canad...     [read more]

    By Sionic on  7 December 2021 
  • Carey Olsen and Oakbridge support Fintonia on bitcoin fund launch

    BL59_bitcoinCarey Olsen and Oakbridge Funds have assisted Singapore investment manager Fintonia Group on the launch of its bitcoin-focused fund. Fintonia Bitcoin Physical Fund (Jersey) is a Jersey Private Fund, and a sub-fund of Fintonia Liquid Funds VCC, a Singapore-domiciled variable capital company. The fu...     [read more]

    By Carey Olsen on  7 December 2021 
  • UBS publishes Year Ahead 2022 outlook

    UBS logoUBS has published its Chief Investment Office Year Ahead 2022 outlook, highlighting what the 'new normal' will look like after two years marked by lockdown and reopening.  2022 is expected to be a year of two halves, says the report, with high rates of economic growth and inflation in ...     [read more]

    By UBS on  7 December 2021 
  • PraxisIFM completes sale of fund administration division

    PraxisIFM_Logo2018PraxisIFM Group has received regulatory approval to complete the sale of its fund administration division to Sanne Group, in an all-cash deal totalling £54m.  The original announcement of the sale was made in July. PraxisIFM said it will focus on developing its private wealth and corpor...     [read more]

    By Orchard PR on  6 December 2021 
  • GAPP sets out plans for ESG framework

    GAPP logoThe Guernsey Association of Pension Providers (GAPP) has announced plans to work on an environmental, social and governance (ESG) framework for its members, which it expects to publish in mid-2022. President Stephen Ainsworth said the move had come in response to indications that mor...     [read more]

    By We Are Guernsey on  6 December 2021 
  • JTC completes acquisition of Ballybunion Capital

    JTC Logo 2018JTC has completed the acquisition of Irish asset manager Ballybunion Capital, announced in September 2021, with all change of control and regulatory approvals now in place. Ballybunion provides management and regulatory oversight services to investment funds and offers manco services as an alternat...     [read more]

    By Crystal PR on  3 December 2021 
  • CISI appoints Paul Groden as Jersey branch President

    Paul Groden_CISI_dec21The Chartered Institute for Securities & Investment (CISI) has appointed Paul Groden to the role of President of its Jersey branch. Paul has almost 20 years of experience in financial services, ranging from asset-backed securitisation to structured products. He currently serves as Senior Manage...     [read more]

    By CISI on  2 December 2021 
  • Viberts recruits Emma Hollywood as Senior Associate

    Emma Hollywood_Viberts_dec21Jersey law firm Viberts has added to its family law team with the appointment of Advocate Emma Hollywood as a Senior Associate. Emma's family law experience includes matters relating to children, family and divorce issues, and harassment applications. Prior to joining Viberts, she worked for t...     [read more]

    By Viberts on  1 December 2021 
  • Carey Olsen advises on LSE SPAC listing under new rules

    CareyOlsen logo_jul19Carey Olsen's corporate team in Guernsey has advised Hambro Perks Acquisition Company (HPAC), a Guernsey-incorporated special purpose acquisition company (SPAC), on its admission to listing on the Main Market of the London Stock Exchange.  In doing so, it is the first SPAC to do so since n...     [read more]

    By Carey Olsen on  1 December 2021 
  • TEAM acquires Omega and announces final results

    TEAM logo feb21Wealth, asset management and financial services group TEAM has announced the acquisition of the entire issued share capital of Omega Financial Services, a Jersey-based IFA specialising in retirement planning, mortgage advice, life assurance and investment advisory services.  An initial conside...     [read more]

    By Novella on  1 December 2021 
  • Ocorian completes Trust Corporation acquisition

    OcorianLogo_apr20Financial services group Ocorian has completed the acquisition of Trust Corporation International, the Guernsey-based fiduciary firm specialising in private client services, fund administration and corporate services.  The acquisition was first announced in August and completion was subject to...     [read more]

    By Ocorian on  1 December 2021 
  • KPMG appoints Emma Bailey as Guernsey Director

    Emma Bailey KPMG_nov21Emma Bailey has been appointed as an Advisory Director in the Guernsey office of KPMG in the Crown Dependencies, with a brief to enhance the firm’s risk and regulatory consulting services.   Emma brings nearly 20 years’ experience from her role at the Guernsey Financial Services Com...     [read more]

    By KPMG on  1 December 2021 
  • Brooks Macdonald International opens Isle of Man office

    Brooks Macdonald logoBrooks Macdonald International has announced the opening of an Isle of Man office in Douglas. Forming part of Brooks Macdonald International, which also has offices in Jersey and Guernsey, the new office will help the firm expand relationships with clients and intermediaries and support its growth ...     [read more]

    By Crystal PR on  1 December 2021 

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