Business News Archive

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February  2024  (45)

  • Guernsey keeps top spot as Europe’s largest captive domicile

    Guernsey harbour sceneFor the second year in a row, Guernsey has earned the title of Europe’s largest captive domicile, with 199 captives domiciled at the end of 2023.  There were four new captives formed in Guernsey last year and nine new captive cells, according to the Guernsey Financial Services Commission...     [read more]

    By Black Vanilla on  29 February 2024 
  • IoD Guernsey launches survey on using AI

    IoD logo jan23The IoD Guernsey has launched a survey to explore the use of technology, notably artificial intelligence (AI), in the boardroom and how well equipped directors are to oversee the use of AI in their organisations.  Focusing on AI and boardroom competence and confidence, the survey has been crea...     [read more]

    By Black Vanilla on  28 February 2024 
  • Crestbridge appoints James Morris as Commercial Director – Europe

    James Morris_Crestbridge_feb24Crestbridge has named James Morris as its Commercial Director for Europe. Based in London, James will be responsible for the strategic growth and development of new business across the firm's European jurisdictions. He brings to the post more than 25 years of experience in the financial servic...     [read more]

    By Crystal PR on  28 February 2024 
  • EY promotes Kayla van Niekerk to Assurance Manager

    Kayla van Niekerk, EYEY has announced the promotion of Kayla van Niekerk to Assurance Manager in the firm's Jersey assurance team. Kayla joined EY's Johannesburg office in 2018 as a trainee and has since gained experience providing audit services across sectors such as energy and natural resources, wealth and a...     [read more]

    By EY on  28 February 2024 
  • Captive manager launched in Guernsey

    PoloWorks logoUK-based insurance services business PoloWorks has launched Polo Insurance Managers (PIM) in Guernsey after the Guernsey Financial Services Commission granted approval in principle. The new business will support captive, commercial and insurance-linked securities clients.  Initially base...     [read more]

    By Polo Insurance Managers on  27 February 2024 
  • Double win for BDO at Corporate INTL Global Awards

    BDO logo 2024Corporate INTL has announced its 2024 Global Awards celebrating the achievements of advisers and financiers across the world. BDO was the winner in two of the three awards presented to firms in Jersey: • Business Advisory Firm of the Year in Jersey: BDO • Outsourcing Services Firm of the...     [read more]

    By BDO on  27 February 2024 
  • Ogier advises Burford Capital

    Ogier_Logo_dec22_th200Ogier has provided Guernsey legal advice to global finance and asset management firm Burford Capital on the private offering of $275m aggregate principal amount of 9.250% senior notes due 2031 by its wholly owned subsidiary, Burford Capital Global Finance LLC.  The additional notes are guarant...     [read more]

    By Ogier on  26 February 2024 
  • JFSC publishes Registry inspection Q4 feedback

    JFSC logo jan23The Jersey Financial Services Commission has published its quarterly Registry supervision inspection programme feedback. The feedback reflects on the first full calendar year of the Registry supervision programme and looks forward to 2024. During the year, the Commission visited 2,630 entities and...     [read more]

    By Jersey Financial Services Commission on  26 February 2024 
  • Lauren Riley-Gledhill to lead Collas Crill Compliance in Jersey

    Lauren-Riley Gledhill_CollasCrillGuernsey-based consultancy Collas Crill Compliance has launched a new branch in Jersey, appointing Director Lauren Riley-Gledhill as its leader. Lauren sits on the board of Collas Crill Corporate Services (CCCS), the firm's sister company in the Cayman Islands.  She relocated to Jersey at...     [read more]

    By Collas Crill on  22 February 2024 
  • Carey Olsen and Alter Domus advise Gyrus Capital

    alterDomus logo mar23Carey Olsen and Alter Domus have advised healthcare and sustainability investment firm Gyrus Capital on the final close of its €310m Gyrus Capital Fund II, exceeding the €215m raised for Gyrus Fund I in 2021.   Fund II consists of the Principal Fund and an open-ended co-investment veh...     [read more]

    By Carey Olsen on  22 February 2024 
  • GFSC updates AML/CFT/CPF Handbook

    GFSC logox200 jan23The Guernsey Financial Services Commission has issued an updated Handbook on Countering Financial Crime (AML/CFT/CPF) following a consultation on rules and guidance to support the extension of the existing obligations on specified businesses to countering proliferation financing.  The updated ...     [read more]

    By Guernsey Financial Services Commission on  21 February 2024 
  • Black Vanilla makes two senior hires

    Pictured: Sarah AllumChannel Islands and UK agency Black Vanilla has made two senior appointments to its public relations team.  Sarah Allum has joined as an Account Director, leading the agency’s business development and client relationships in Jersey.  Katy Melhuish will join the Guernsey team as a S...     [read more]

    By Black Vanilla on  20 February 2024 
  • Jersey Chamber announces March Lunch

    Jersey Chamber logoThe Jersey Chamber of Commerce has announced details of its March Lunch, featuring as guest speaker Paul Murphy, CEO of Jersey Business. The event, entitled Profit and Productivity, will take place on Wednesday 13 March from 12.15pm to 2:30pm at the Pomme d'Or Hotel. Paul (pictured) will share...     [read more]

    By Jersey Chamber of Commerce on  20 February 2024 
  • IQ-EQ names Tonia Leigh-Morgan as Head of Private Wealth for Guernsey

    Tonia Leigh-Morgan_IQ-EQ_feb24IQ-EQ has appointed Tonia Leigh-Morgan as its new Head of Private Wealth for Guernsey. Tonia has been with the group for more than 20 years, taking on a range of senior positions during this time.  Having begun her career as a lawyer, dual-qualified as an English barrister and Guernsey Advoca...     [read more]

    By IQ-EQ on  20 February 2024 
  • JT acquires Spectrum Message Services

    JT logo apr23JT has expanded its mobile intelligence offerings by acquiring Australian business Spectrum Message Services.  Spectrum specialises in combining mobile communications platforms with anti-fraud and payment systems, and has global partnerships with transactional software and service solution pro...     [read more]

    By Direct Input on  19 February 2024 
  • Carey Olsen advises Epiris on launch of buyout fund

    CareyOlsen logo jan23Carey Olsen's investment funds team in Jersey has advised independent private equity manager Epiris on the launch and final close of its buyout fund, Epiris Fund III, which was oversubscribed at its hard cap of £1bn in third-party investor commitments.   Epiris invests in opportunitie...     [read more]

    By Carey Olsen on  19 February 2024 
  • Jersey consults on AEOI regulations

    Government of Jersey logoThe Minister for External Relations, Deputy Ian Gorst, is seeking views on proposed changes to the Common Reporting Standard (CRS) and FATCA regulations – together referred to as the AEOI regulations. The changes are intended to ensure that Jersey's legal framework for the CRS remains ful...     [read more]

    By Government of Jersey on  19 February 2024 
  • IoD Mid-Term event to focus on governance and AI

    IoD Next Gen Forum logoThe Guernsey Branch of the Institute of Directors will focus its 2024 Mid-Term event on the intersection of artificial intelligence and corporate governance.  The event – AI in the Boardroom: Navigating a New Frontier in Governance – will take place on Wednesday 13 M...     [read more]

    By Black Vanilla on  19 February 2024 
  • VG appoints Alison Hayward as private wealth manager

    Alison Hayward_VG_feb24Trust, corporate and fund administration services provider VG has appointed Alison Hayward as a Manager in its private wealth business.  Alison will oversee a varied portfolio of high- and ultra-high-net-worth clients and families globally. She joins after almost a year at Baccata as an Assis...     [read more]

    By VG on  19 February 2024 
  • CI winners at Private Equity Wire Awards

    Private Equity Wire logo 2024The Private Equity Wire European Awards 2024 were presented in London recently. Among the winners in the service provider category were several businesses with Channel Islands operations: • Best Audit Firm, Middle Market – KPMG • Best Audit Firm, Overall – PwC • Bes...     [read more]

    By Private Equity Wire on  19 February 2024 
  • Jersey releases Q4 house price data

    StatisticsJersey logo jan23Statistics Jersey has published its house price report for the fourth quarter of 2023. 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 Court as well as...     [read more]

    16 February 2024 
  • IQ-EQ opens new office in India

    IQ-EQ logo jun23IQ-EQ has opened an office in India’s new fintech hub, the Gujarat International Finance Tec-City (GIFT City). GIFT City, sponsored by the Indian government to create a finance and IT hub connecting India to the world, is home to India’s global bullion exchange and its International Fin...     [read more]

    By IQ-EQ on  15 February 2024 
  • BWCI appoints Claire du Feu as Head of Business Management

    Claire du Feu_BWCI_feb24Actuary and pensions consultancy BWCI Group has appointed Claire Du Feu as Head of Business Management in the firm's Guernsey-based fiduciary business. Claire brings to the group a leadership career in financial services of more than 30 years, working in the UK, US, France and Guernsey. She jo...     [read more]

    By BWCI on  15 February 2024 
  • Crestbridge publishes fund manager report

    crestbridge logo mar23A new report from Crestbridge indicates a prevailing optimism among real estate managers, who are expected to largely maintain their asset allocations within the sector for 2024, despite the challenges faced last year. This is reflected in the score for real estate and infrastructure in the latest ...     [read more]

    By Crystal PR on  14 February 2024 
  • Suntera Global hires Samantha Godwin as Client Services Director

    Sam Godwin_Suntera_feb24Suntera Global has appointed Samantha Godwin as Client Services Director in Jersey. In her new role, Samantha will lead a team supporting private wealth clients with their multijurisdictional structuring needs, while helping drive the development of the business in Jersey. With close to 30 years&r...     [read more]

    By Crystal PR on  14 February 2024 
  • Fairway promotes Caroline Costello to Director

    CarolineCostello_Fairway_feb24Fairway has promoted Caroline Costello to Director in the pensions and employee incentives team. Caroline, who qualified as an accountant in 2003, has more than 27 years of senior leadership experience in employee benefits.  She joined Fairway in April 2023, after a short stint with Zedra. He...     [read more]

    By Lisa Downes on  14 February 2024 
  • Lloyds Bank International names new Guernsey head

    Julie Ronaldson_Lloyds_feb24Lloyds Bank International has appointed Julie Ronaldson as its new Island Director for Guernsey.  Based in Guernsey, Julie will report into Lloyds Bank International’s Crown Dependencies Director, Adele Bohlen. She replaces Mike Jones, who has been appointed Director for Strategy & ...     [read more]

    By Lloyds Bank International on  13 February 2024 
  • JTC promotes Mark Fleming to Jersey Private Client Head

    Mark Fleming_JTC_feb24JTC has promoted Mark Fleming to Head of Private Client Services in Jersey. Mark will assume responsibility for the Jersey team’s activities within JTC’s Private Client Services division, and work with the firm’s international network serving high-net-worth and ultra-high-net-wort...     [read more]

    By Crystal PR on  13 February 2024 
  • CGWM publishes Q3 results

    CGWM logo 2024Canaccord Genuity Wealth Management UK & Crown Dependencies (CGWM UK) has released its Q3 and year-to-date 2024 financial results. The business earned revenue of £60.2m during the third quarter of fiscal 2024, an increase of £6.5m (12.1%) on Q3 2023. It earned revenue of £181...     [read more]

    By ORCHID on  12 February 2024 
  • Saffery Trust recruits Sharon Coburn as Associate Director

    Sharon Coburn Saffery Feb 2024Saffery Trust has recruited Sharon Coburn as Associate Director of its people and culture team, based in Guernsey.  A fellow of the Chartered Institute of Personnel and Development and a Chartered Member of the Chartered Management Institute, Sharon brings three decades of experience to her ne...     [read more]

    By Saffery Trust on  12 February 2024 
  • Baker Tilly International announces record growth

    Baker Tilly logoBaker Tilly International has announced global revenues of $5.2bn for the financial year ended 31 December 2023, up 11% on the previous year or 12.2% at constant exchange rates.  The accounting network has grown by nearly 30% since 2020. There was expansion in all regions across the network i...     [read more]

    By Neon Daisy on  12 February 2024 
  • Carey Olsen advises on acquisition of Robus Group

    CareyOlsen logo jan23Carey Olsen has advised insurance company manager Strategic Risk Solutions (SRS) on its acquisition of Robus Group from the Ardonagh Group.   Based in Guernsey and Gibraltar, Robus Group offers professional management services to captive insurers, open market insurers, reinsurers, insurance int...     [read more]

    By Carey Olsen on  12 February 2024 
  • Ocorian completes Bovill acquisition

    Ocorian logo oct23Ocorian has completed the acquisition of regulatory consultancy Bovill. Bovill's team of more than 80 staff, its range of services and global footprint will become part of Newgate, Ocorian's regulatory and compliance business in the Channel Islands and UK, to offer support to financial serv...     [read more]

    By Orchard PR on  9 February 2024 
  • JTC Group launches in Austria

    JTC logo feb23JTC has opened an office in Vienna, offering a range of services to private and institutional clients.  The new operation will complement the firm’s existing European private client offices in London, Switzerland, Jersey, Guernsey and the Isle of Man. The team is led by Alexander Walthe...     [read more]

    By Crystal PR on  8 February 2024 
  • SystemLabs appoints Alex Blackwell as Chief Commercial Officer

    AlexBlackwell_Systems LabsJersey-based IT company SystemLabs has appointed Director Alex Blackwell to a new role as Chief Commercial Officer.  Previously Chief Operations Officer, Alex will now oversee the commercial arm of the business. He joined JTC in 2021 following the acquisition of IT security products and servi...     [read more]

    By SystemLabs on  8 February 2024 
  • Bedell Cristin advises McIntyre Partners on buy

    BedellCristin logo x200Bedell Cristin's Jersey corporate and finance team has advised private investment firm McIntyre Partners on a $100m issuance of senior secured notes and warrants for equity in Aurora Group. A team led by Partners Guy Westmacott and Alasdair Hunter advised on the Jersey law aspects of the matter...     [read more]

    By Bedell Cristin on  8 February 2024 
  • Hawksford opens Dubai office

    Hawksford logo feb23Hawksford has opened an office in Dubai, following last September’s acquisition of corporate services business Healy Consultants, which operated from Dubai and Singapore. Former Healy Directors Chrissi Zamora (pictured) and Kunal Fabiani have now joined Hawksford and are based in the new...     [read more]

    By Hawksford on  7 February 2024 
  • Viberts acquires Lacey Advocates

    Viberts logo 2024Jersey legal firm Viberts has announced its acquisition of Lacey Advocates.  Advocates Beverley Lacey and Michelle Cabot have joined Viberts as Partner and Senior Associate respectively, in a move to strengthen Viberts’ commercial and regulatory services. With more than 35 years' ex...     [read more]

    By Viberts on  6 February 2024 
  • Ocorian names Ken Wrigley as Head of Guernsey Private Client

    Ken Wrigley_Ocorian_feb24Ocorian has appointed Ken Wrigley as Head of Private Client in Guernsey. A member of Ocorian's team for the past 20 years, Ken has served as Finance Director, responsible for a number of regulated and unregulated private equity funds and the investor clubs Ocorian administers. Beginning his ac...     [read more]

    By Orchard PR on  6 February 2024 
  • Suntera Global recruits James Harries as Head of M&A

    James Harries_Suntera_feb24Suntera Global has recruited James Harries as its Head of Mergers and Acquisitions. Based in London, James will be responsible for driving Suntera’s M&A activity, identifying potential acquisition targets and ensuring transactions are completed smoothly and efficiently. Before joining Su...     [read more]

    By Crystal PR on  6 February 2024 
  • JFSC issues Travel Rule guidance for VASPs

    JFSC logo jan23To help prevent money laundering, terrorist financing and proliferation financing, the Financial Action Taskforce has called on jurisdictions to swiftly implement its Travel Rule, which requires transfers of virtual assets to be accompanied by accurate originator and beneficiary information. T...     [read more]

    By Jersey Financial Services Commission on  6 February 2024 
  • Philip Braun joins TISEA board

    Phil Braun_TISE_feb24TISE has appointed Philip Braun as an independent Non-Executive Director of its regulatory arm, The International Stock Exchange Authority (TISEA).    Philip brings to the role more than 25 years’ experience in the financial services sector, particularly investment funds and fiduciar...     [read more]

    By TISE on  6 February 2024 
  • Jersey publishes Q4 2023 Business Tendency Survey results

    StatisticsJersey logo jan23???Statistics Jersey has published the results of the December ??2023 Business Tendency Survey. This quarterly survey provides timely, qualitative information about the island’s economy. Chief executives and managing directors are asked for their opinions on the current situation of their bus...     [read more]

    By Government of Jersey on  6 February 2024 
  • JTC appoints Melanie Herbert as Regional Head of UK & Ireland for ICS

    Melanie Herbert_JTC_feb24JTC has appointed Melanie Herbert as Regional Head of UK & Ireland for its Institutional Client Services (ICS) division. UK-based Melanie joins JTC having spent the past two years as Jurisdictional Head of Private Equity at Aztec Group.   She has a broad background in large and boutique fu...     [read more]

    By Crystal PR on  5 February 2024 
  • WE Soda becomes first ESG-rated issuer to TISE Sustainable

    TISESustainable logo 2024The International Stock Exchange (TISE) has welcomed WE Soda Investments Holding as the first issuer to be admitted its sustainable finance segment, TISE Sustainable, by virtue of an ESG rating.   WE Soda has listed its debut offering of $980m 9.5% senior secured notes due 2028 on TISE’s ...     [read more]

    By TISE on  5 February 2024 

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