Skipton International has reported profit before tax of £19.9m and deposit growth of £293m as part of its full-year results for 2020.
According to Skipton, its mortgage team has helped 870 new mortgage customers during 2020, with mortgage balances increasing by £161m across Guerns...
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By Skipton International on
26 February 2021
Local insurance broker Rossborough has promoted Natasha Lucock to the role of Head of Commercial Markets.
Natasha will focus on business development for Rossborough Private Office and Professional Risks across the Channel Islands and Isle of Man, with responsibility for looking after corpora...
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25 February 2021
Oakbridge Fund Services (Jersey), a specialist independent fund administrator based in Jersey, has been launched to service the alternative funds sector.
Specialising in the main alternative asset classes, with a focus on private equity and venture capital, Oakbridge Funds will provide administrati...
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By Oakbridge Funds on
24 February 2021
Grant Thornton Channel Islands has appointed Andrea Harris as a Director in the Recovery and Reorganisation team in Guernsey.
A Fellow of INSOL International and a Certified Fraud Examiner, Andrea joins Grant Thornton with international insolvency and forensic investigation experience across ...
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By Orchard PR on
23 February 2021
As part of a global promotions round, JTC has appointed Paul Weir as Managing Director of its Jersey office.
Paul has been with JTC since 2013, when he joined as Director, Private Clients, but he has worked in the trust and fiduciary services sector since 1994.
After starting his career with NatWe...
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By Crystal PR on
23 February 2021
Bedell Cristin Jersey Partnership, working with the New York and London offices of Hogan Lovells, has advised the Norwegian Investment Fund for Developing Countries (Norfund) in expanding the receivable financing facility of Brighter Life Kenya 1 (BLK1).
BLK1 is an off-balance sheet financing vehic...
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By Crystal PR on
23 February 2021
Carey Olsen's corporate team has advised private equity investment group Earth Capital on the designation of its Nobel Sustainability Fund as a Guernsey Green Fund.
Designation as a Guernsey Green Fund is gained through compliance with Guernsey Financial Services Commission rules to assur...
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By Carey Olsen on
23 February 2021
RBS International Luxembourg has signed a subscription line with a maximum facility size of €300m with NREP Income+ Fund.
NREP is one of the largest real estate investment managers in the Nordics. Its NREP Income+ Fund is an evergreen fund, launched in September 2020, that is expected to...
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By Liquid on
23 February 2021
TEAM, the parent company of Jersey-based investment management business TEAM Asset Management, has announced its intention to proceed with an initial public offering and to seek admission of its shares to trading on the UK’s Alternative Investment Market.
The company expects the admissi...
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By TEAM Asset Management on
22 February 2021
The Royal Court imposed a fine of £550,000 on LGL Trustees Limited (LGL) on Friday, and awarded costs of £50,000, for failing to comply with the requirements of the Money Laundering (Jersey) Order 2008.
LGL had pleaded guilty on 4 December 2020 to two related offences under Artic...
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By Government of Jersey on
22 February 2021
The Jersey Financial Services Commission has announced that it will be holding a webinar on the recent legislative changes following Brexit.
The event, Sanctions – recent legislative changes, will be held on Wednesday 3 March from 2pm to 3pm.
Participants will hear from JFSC Internatio...
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By Jersey Financial Services Commission on
22 February 2021
RBS International has published its annual results for 2020, which show that total income fell from £563m in 2019 to £461m, while pre-tax operating profit dropped from £335m to £82m.
The bank reported that sustained profitability had strengthened its capital reserves –...
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By RBS International on
19 February 2021
UK watchdog the Financial Conduct Authority (FCA) has been in touch with the Jersey Financial Services Commission following reports that investor Neil Woodford’s new business will operate out of Jersey and Buckinghamshire.
The FCA is still investigating the collapse of the LF Woodford Equity ...
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By BL Global on
19 February 2021
Fund and corporate services provider the Aztec Group has supported the closing of Basalt Infrastructure Partners' third fund, Basalt III, which raised $2.75bn to invest in infrastructure equity opportunities.
The London and New York-based infrastructure investment firm said the fund, which rece...
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By Aztec Group on
19 February 2021
End-to-end managed data services provider Calligo has acquired US-based Decisive Data, a specialist in data analytics, data science and visualization.
Decisive Data was established in 2008 in Redmond, Washington, and helps global brands in technology, retail, telecoms, healthcare a...
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By Calligo on
18 February 2021
Global consulting firm Sionic and investor onboarding hub The ID Register have announced a formal Alliance Partnership.
The partnership offers a trusted one-and-done KYC approval process through The ID Register’s global hub, which is now backed by Sionic.
Sionic has over 25 years&rsquo...
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By Sionic on
18 February 2021
Trust and fiduciary services provider Equiom has appointed Melanie Griffiths to the role of Head of Client Solutions, Private Wealth.
Based in London, Melanie will work with the professional adviser community to deliver and expand Equiom's private wealth proposition.
Melanie started her career...
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By Equiom on
18 February 2021
Ogier funds advisers in Guernsey have assisted music fund Hipgnosis Songs Fund with its latest £75m fundraising.
The funds team provided Guernsey law advice on the issue of new shares in Hipgnosis in the latest round of fundraising.
The shares in Hipgnosis, which owns music from artist...
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By Ogier on
17 February 2021
The Guernsey Financial Services Commission has this week published an updated version of its cyber security rules and guidance, to ensure the bailiwick’s regulatory regime continues to comply with international standards.
The new rules and guidance, created following extensive engagement with...
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By Guernsey Financial Services Commission on
17 February 2021
Environmental and Social Impact Monitor (ESI Monitor) has appointed Jersey-based sustainability consultancy True Limited as its partner on the island.
ESI Monitor, established in Guernsey in 2019, facilitates environmental sustainability in businesses across multiple countries and jurisdictions.&nb...
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By Ozouf on
16 February 2021
Guernsey-based marine risk management and insurance company Astaara has made three senior appointments.
Nick Parkes (pictured) joins as a Marine Cyber Analyst, having previously worked in engineering roles for Condor Ferries and C8 Mechanical & Electrical.
Former naval captain Philip Pon...
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By Clicksmith on
16 February 2021
The Jersey Financial Services Commission has issued civil financial penalties totalling more than £719,000 against three SG Kleinwort Hambros (SGKH) firms.
As a result of a lack of documented detail of board discussions, the boards of the SGKH entities were unable to demonstrate they adequate...
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By Jersey Financial Services Commission on
16 February 2021
Zedra has acquired Inside Pensions, a UK-based provider of occupational pension scheme governance support.
Established in 2008, Inside Pensions helps the trustee boards of pension trusts to run their schemes efficiently by ensuring compliant board administration and best practice governance. ...
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By Greentarget on
16 February 2021
The board of the Jersey Competition Regulatory Authority has appointed Tim Ringsdore as its permanent Chief Executive Officer.
Tim has been fulfilling the role on an interim basis since May 2020, following the organisation's demerger from the Channel Islands Competition and Regulatory Aut...
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16 February 2021
Ocorian has supported the launch of Cordiant Digital Infrastructure Fund – said to be Guernsey's first London Stock Exchange-listed fund focused on investing in digital infrastructure assets.
The fund, managed by Canadian asset manager Cordiant Capital, has listed on the Specia...
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By Ocorian on
16 February 2021
LV Care Group, the provider of care services in Jersey and the Isle of Man, has promoted Tracey Gentry from Care Manager to the newly formed role of Clinical Director for the group.
Tracey joined the LV Care Group in 2019 and has a 25-year career in the sector, managing large care homes ...
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By Liquid on
16 February 2021
New findings from Monterey Insight reveal the market shares of all service providers in Jersey’s fund industry.
The 26th annual Monterey Jersey Fund Report highlights that fund assets serviced in Jersey rose to $493bn at the end of June 2020, up 2.5% from $481.2bn in 2019.
The number o...
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By Monterey Insight on
15 February 2021
JTC has acquired London-based funds management specialist Indos Financial.
According to press reports, the deal is for a maximum consideration of £12.5m, with an initial consideration of £10m in cash and £1m in JTC equity. A further £1.5m is said to be available t...
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By Crystal PR on
15 February 2021
PraxisIFM Group has announced the appointment of Stephanie Coxon to the board as a Non-Executive Director and Chair of the Audit Committee. She replaces Iain Stokes, who resigned from the board in December.
Stephanie already serves as a Non-Executive Director of three London listed companies &ndash...
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By Orchard PR on
15 February 2021
Fiduciary and administration solutions provider VG has appointed Sheena Huggett as Senior Manager to support the expansion of VG’s private client team.
Sheena brings to the role more than 15 years’ experience managing a large and complex portfolio of clients, including internation...
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By VG on
15 February 2021
Financial services specialist Hawksford has promoted 36 staff to new roles across its corporate, funds and private client company’s global offices. Three of these are to Associate Director roles within the firm's Jersey head office.
Ian Vieira (pictured right), who joined Hawksford ...
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By Liquid on
15 February 2021
Guernsey's Local Market has experienced the largest annual rise in property prices since 2008, according to the latest Residential Property Prices Bulletin from the States of Guernsey.
The average home in the bailiwick now costs £493,174. And a total of 345 Local Market transac...
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By Skipton International on
15 February 2021
Research by high-net-worth mortgage broker Enness Global has revealed the cost of purchasing a property across the world’s international finance centres.
While the likes of Hungary (£61,368), Ireland (£163,220) and Cyprus (£192,977) offer relatively affordable options,...
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By Agility PR on
12 February 2021
Investor services group IQ-EQ has appointed Mirek Gruna to the newly created position of Chief Commercial Officer for Jersey.
Mirek brings to the firm more than 15 years’ experience in financial services on the island, with a focus on working with institutional investors to oversee governance...
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By Prospectus Group on
12 February 2021
Ogier has promoted dispute resolution lawyer Rachael Reynolds to Global Senior Partner, based in the Cayman Islands.
Having joined Ogier in 2007, Rachael has led the Cayman litigation team on some of the highest profile cases in the islands over the past decade, including acting for investors in th...
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By Crystal PR on
12 February 2021
Carey Olsen's investment funds team in Guernsey, together with the Guernsey funds team of investor services group IQ-EQ, have advised Queen's Park Equity (QPE) on the launch of its debut fund, Queen's Park Equity Partners I.
The fund, raised entirely during the coronavirus pandemic, clo...
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By Carey Olsen on
11 February 2021
The Jersey Financial Services Commission has announced details of the next in its webinar series covering the findings and recommendations of the government’s National Risk Assessment report.
The webinar will focus on accountants and will take place on Wednesday 17 February at 14:00.
The hou...
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By Jersey Financial Services Commission on
11 February 2021
Ogier has promoted Michelle Watson Bunn to Managing Associate in its corporate and funds team in Guernsey.
After an early career with London Stock Exchange and law firm Bird & Bird, Michelle joined Ogier in 2015 as an Associate.
She was promoted to Senior Associate two years later, worki...
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By Crystal PR on
10 February 2021
Euromoney has revealed the results of its Private Banking and Wealth Management Survey for 2020.
More than 2,000 private bankers from around the world took part in the latest survey.
In the rankings for Best Private Banking Services Overall, UBS stayed in the top spot, as last year, with Credit Su...
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By BL Global on
10 February 2021
Kendrick Rose has appointed Mark Hucker to the role of Director, specialising in recruiting for senior roles in Jersey.
Mark joins the firm having run businesses in the fund administration, banking and fiduciary sectors in the Channel Islands over the past 20 years.
He has spent the past fou...
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By leadership writing on
9 February 2021
The Guernsey Financial Services Commission has announced that late filing fees will not be applied to regulatory returns due to be submitted between now and the end of June, provided they are submitted within two months of the original deadline.
Although the timelines on the Commission’s onli...
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By Guernsey Financial Services Commission on
9 February 2021
Insurance management and consulting services provider Strategic Risk Solutions (SRS) has announced that it is setting up an office in Guernsey. The firm currently operates from the US, Europe, Barbados, Bermuda, Grand Cayman and South Africa.
Peter Child (pictured), who has been appointed...
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By SRS on
9 February 2021
The Guernsey Financial Services Commission has elected Advocate Simon Howitt as its Vice-Chairman.
He succeeds Bob Moore, who stood down as a Commissioner at the end of January after nine years’ service.
Simon has over 30 years’ experience as an Advocate and is a Consultant at Ba...
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9 February 2021
Fintech enquiries at the Jersey Financial Services Commission’s Innovation Hub grew by 24% in 2020, according to the JFSC's latest FinTech and Innovation Report.
According to the report, the JFSC helped 74 businesses with queries about how to develop innovation in financial services and h...
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By Jersey Financial Services Commission on
9 February 2021
Digital Jersey has announced the winners of this year's TechAwards.
The awards, presented at an online event on Friday 5 February, aimed to celebrate the best of Jersey’s digital talent, creativity and entrepreneurship.
The judging panel comprised: Dave Cartwright, Grant Thornton; ...
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By Digital Jersey on
8 February 2021
IoD Jersey has put together a panel of specialists to discuss how businesses are adapting to an uncertain future as we learn from the negative and positive results of dealing with Covid-19 in the workplace.
The event – A Brave New World – will be held online and is free to attend on Wed...
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By IoD on
8 February 2021
Carey Olsen's investment funds team in Guernsey has advised RTP Global on the launch of RTP Global Partners III (Fund III), the venture capital firm's latest early-stage tech-startup focused fund.
Fund III, which held its first closing with commitments of $650m, is RTP Global's fi...
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By Carey Olsen on
8 February 2021
C5 Alliance, part of BDO in Jersey, has promoted Mark McLachlan to Director of Managed Services.
Mark has more than 20 years’ experience in the legal, fiduciary and banking sectors. He has been with C5 since 2017, the past two years as Head of Managed Services.
Prior to this, he spent ...
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By C5 Alliance on
5 February 2021
VG has announced three appointments to its management team.
Joining VG from Intertrust, Christie Barette has become a Manager within the wealth structuring team, where she is responsible for providing technical support for client services.
Christie brings to the firm more than 30 years' ...
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By VG on
5 February 2021
The Jersey Financial Services Commission has announced that it will be holding a compliance monitoring (CMP) webinar on Wednesday 24 February at 14:00.
At the webinar, JFSC Examinations Head of Unit Amanda Reilly and Senior Manager Nicky Fagan will focus on the value of effective CMP, which enables...
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By Jersey Financial Services Commission on
5 February 2021
Ogier has assisted London law firm Bristows, representing Waterland Private Equity Investments in its £1.1bn acquisition of the Priory Group from Acadia Healthcare Company.
Waterland said it would combine the Priory Group with German neurology specialist Median to create a rehabilitatio...
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By Crystal PR on
4 February 2021
Maples and Calder, the Maples Group's law firm, has recruited Tim Morgan to its Jersey office as a Partner.
With over 17 years' experience in the Jersey investment funds market, Tim has acted on funds transactions across various asset classes, including private equity, venture, growth...
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By Maples and Calder on
4 February 2021
JTC has supported Brazilian grain and fibre company Amaggi on its offering of a $750m aggregate principal amount of 5.250% notes due 2028. This debut cross-border bond issuance by Amaggi was structured as a sustainability bond.
JTC’s team in Luxembourg, led by MD Joost Mees, worked with the A...
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By Crystal PR on
4 February 2021
The Channel Islands are better placed than many jurisdictions in dealing with the ongoing economic risks and uncertainties brought about by the pandemic and Brexit. So says EY, following the publication of its latest EY ITEM Club Winter Forecast.
According to the report, the UK economy looks l...
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By EY on
3 February 2021
The ID Register has been licensed by the Guernsey Financial Services Commission to carry out controlled investment business.
The ID Register was spun out of Apex Group in a management buyout led by Tim Andrews last September.
As an independent global hub for investor onboarding and regi...
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By The ID Register on
3 February 2021
The Jersey Branch of the Chartered Institute of Professional Development (CIPD) is inviting representatives of all island businesses to join its annual conference next week.
The event – entitled HR’s Role in the Economic Recovery – would usually take place over one day, but this y...
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By Liquid on
3 February 2021
The latest 50 Most Influential list has been published by eprivateclient this week.
The list, which features a range of lawyers, accountants, trustees and intermediaries, aims to recognise the top individuals advising private clients and driving innovation in the sector across the UK and Crown...
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By BL Global on
3 February 2021
Ardent Chambers has expanded its team of litigators with the addition of Jersey Advocate Michael Cushing.
Michael brings to the firm 30 years’ experience of complex commercial, corporate and trust litigation and advisory work in Jersey and the UK.
He joins Ardent after 16 years in the J...
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By Ink Blot Creative on
3 February 2021
FInancial services provider Vistra has acquired Brazilian firm Jotaerre, a specialist in services tax (ISS) calculation and collection/payment.
According to Vistra, the acquisition enhances the firm's presence in Brazil, allowing it to offer international and local clients a broader range of co...
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By Vistra on
2 February 2021
Hawksford has named Rebecca Cox as Associate Director, based in its London office.
Rebecca brings to the company more than 15 years’ experience providing corporate and financial reporting services to international clients.
In her new role, she will focus on expanding Hawksford&rs...
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By Liquid on
1 February 2021
Viberts has announced three promotions – Karla Summers-Shaw from the Private Client team and Oliver Hughes from the Corporate team become Associates, and Giles Emmanuel from the Dispute Resolution team moves to Senior Associate.
Giles (pictured), an Advocate, has been with Viberts since 2019 ...
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By Viberts on
1 February 2021
Legal Week has published the 2020/21 edition of its Private Client Global Elite Directory, which includes a number of professionals from Jersey and Guernsey.
Launched in 2017, the Private Client Global Elite is global directory of the world’s top private client and trust? and estates litigati...
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By BL Global on
1 February 2021
Investors are increasingly optimistic about their regional economic outlook and the equity markets, according to UBS’s latest Investor Sentiment survey, which polled more than 4,000 investors and business owners across 14 markets globally in late December and January.
A majority o...
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By Refinery on
1 February 2021
The International Stock Exchange (TISE) has appointed Anthony Byrne to the new role of Head of Bond Markets.
Based in Ireland and operating across primarily Dublin and London, Anthony joins The International Stock Exchange Group (TISEG) having previously held senior executive positions a...
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By TISE on
1 February 2021
Chloe Chescoe has joined Guernsey-based PR agency Black Vanilla as an Account Manager.
Chloe, who is qualified through the Chartered Institute of Public Relations, recently returned to Guernsey after working in London. She brings her experience in global communications and media relation...
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By Black Vanilla on
1 February 2021