Business News Archive

« April 2021

May  2021  (38)

  • Sanne Group rejects Cinven takeover offer

    Sanne logo 2020Sanne Group has rejected a takeover offer made earlier this month by private equity firm Cinven, which valued the company at £1.3bn. Shareholders were offered 830p per share, a 22% premium to the previous closing price, with the possibility to receive the final dividend of 9.9p declared on 19...     [read more]

    By Sanne Group on  14 May 2021 
  • GFSC releases 2020 Annual Report

    GFSC logoThe Guernsey Financial Services Commission has published its 2020 annual report and financial statements. Director General William Mason noted: “Last year, in common with the rest of the world, the bailiwick had to deal with the effects of the global pandemic. During that period, the Com...     [read more]

    By Guernsey Financial Services Commission on  14 May 2021 
  • KPMG announces eight CI promotions

    Sophie McGranahan_KPMG May2021KPMG has made several promotions across its audit, tax and advisory teams in Jersey and Guernsey.    In the Jersey office, Mark Flores (pictured) and Dag Pandan have been promoted to Senior Audit Managers. In addition, Christine Lim and Chloe Hammond have been promoted to Assistant Manager...     [read more]

    By KPMG on  14 May 2021 
  • Mourant advises on creation of $250m SPAC

    mourant logo 2018Legal and governance services firm Mourant has advised private equity firm L Catterton Singapore on the establishment of a special purpose acquisition company (SPAC) with a $250m fundraising target. L Catterton, one the largest consumer-focused private equity groups in the world, will focus this la...     [read more]

    By Mourant on  14 May 2021 
  • Deloitte announces TechTalk event on automation

    Deloitte TechTalk logo_may21Deloitte and Digital Jersey have announced their latest joint TechTalk virtual event on Innovations in Intelligent Automation.  The free-to-attend session will be held online from 9.30am to 10.30am on Wednesday 19 May.  The speakers – Deloitte Director of Channel Islands Consulting...     [read more]

    By Black Vanilla on  14 May 2021 
  • Jersey Hemp set to raise £6m through Seedrs and private placement

    Jersey Hemp logoJersey Hemp, one of the first British Isles company to receive a licence to produce CBD, is seeking to raise £6m from existing and new investors to help fund expansion.   The latest fundraising comes after an initial £2m seed-funding round in 2019, a year after the establishment of ...     [read more]

    By Citigate on  13 May 2021 
  • JFSC publishes 2020 annual report

    JFSC logo The Jersey Financial Services Commission has published its 2020 annual report.  The Commission said its top priority in 2020 had been to keep its people, the Jersey financial services industry and its Registry customers safe while staying ‘open’ for business. The report documents ...     [read more]

    13 May 2021 
  • Ocorian acts in Generali buy

    OcorianLogo_apr20Ocorian has assisted insurance and asset management firm Generali to buy a stake in Ridemovi, which operates micro-mobility services in 17 Italian and Spanish cities.  Thomas Fahl, Managing Director at Ocorian Fund Management, said “We are delighted to be able to facilitate this transact...     [read more]

    By Ocorian on  13 May 2021 
  • IoD survey: Guernsey employers highlight need for upskilling

    IoD LogoIoD Guernsey's Skills sub-committee has revealed the results of a survey it launched in February to seek business leaders’ priorities for skills development and recruitment.  The sub-committee had 59 responses from employers, 54% of whom represented companies with more than 20 people...     [read more]

    By Black Vanilla on  13 May 2021 
  • Guernsey unveils insurance ESG framework

    We Are Guernsey logoGuernsey has announced the creation of an environment, social and governance (ESG) framework for insurers.   Designed by the Guernsey International Insurance Association (GIIA), the framework aims to help member organisations manage ESG opportunities and risks and to deliver positive ESG impact...     [read more]

    By We Are Guernsey on  12 May 2021 
  • JDC appoints Carolyn Dwyer to board

    Carolyn Dwyer_JDC_may21The States of Jersey Development Company (JDC) has appointed Carolyn Dwyer as a Non-Executive Director to the board and Fiona Smith as the company’s first board apprentice. Until recently, Carolyn’s role was Director of Built Environment for the City of London, working to maintain the i...     [read more]

    By JDC on  12 May 2021 
  • GLI Finance rebrands to Sancus Lending Group

    Sancus logoAIM-listed alternative finance platform GLI Finance has rebranded to Sancus Lending Group. The name change reflects the company’s new focus on alternative property finance, a major growth area in the business over the past few years, led by the performance of its wholly owned subsidiary, Sanc...     [read more]

    By Sancus on  11 May 2021 
  • Parslows advises on Jersey Post acquisition

    Parslows logo may21Parslows has advised Jersey Post Group on its purchase of Jersey-based freight and delivery group Woodside Logistics.   Woodside has warehousing and shipping depots and operations in Jersey, Guernsey and the UK, and extensive logistics experience across a range of industry sectors for commerci...     [read more]

    By Parslows on  11 May 2021 
  • Carey Olsen advises TriSpan on mid-market fund launch

    CareyOlsen logo_jul19Lawyers from Carey Olsen's corporate team in Guernsey have advised global private equity firm TriSpan on the launch and first close of its latest fund, TriSpan Opportunities II.   Fund II, which has so far collected commitments of approximately $100m, is focusing on opportunities in the low...     [read more]

    By Carey Olsen on  11 May 2021 
  • GFSC deregulates Non-Guernsey Scheme regime

    GFSC logoThe Guernsey Financial Services Commission has announced that, following consultation with industry, it has revoked the Non-Guernsey Scheme regime and associated rules. A Non-Guernsey Scheme is a collective investment scheme that is not established or incorporated in the bailiwick of Guernsey and i...     [read more]

    By Guernsey Financial Services Commission on  11 May 2021 
  • PIB Group acquires CBC Insurance (Jersey)

    CBC logo may21UK-based insurance broker PIB Group has acquired CBC Insurance (Jersey) – or CBCJ – in a bid to extend its presence across the Channel Islands.  Following approval from the Jersey Financial Services Commission, the newly acquired business will be integrated into PIB’s Channel...     [read more]

    By PIB Group on  11 May 2021 
  • Guernsey unveils Sustainable Finance Week 2021

    GuernseyGreenFinance logoWe Are Guernsey – through Guernsey Green Finance – in association with the United Nations’ Finance Centres for Sustainability Global Network, has set out details of its second Guernsey Sustainable Finance Week, which will be held in June. Offering a programme of physical and virtu...     [read more]

    By We Are Guernsey on  11 May 2021 
  • RED fund appoints new Chair and Director

    Catherine Walter_RED_may21Channel Islands real estate developer RED fund, managed by Ravenscroft, has appointed Catharine Walter as its Chair and Libby Burne as a Director.  The appointments follow Andrew Haining's decision to step down as Chairman and Director, a position he has held since RED fund was establ...     [read more]

    By Ravenscroft on  11 May 2021 
  • Collas Crill appoints Simon Beswick as Chairman

    SimonBeswick_CollasCrill_may21Collas Crill has appointed Simon Beswick as its new Chairman. Simon brings to the role 35 years of legal and leadership experience. As Osborne Clarke's International CEO, he has led the law firm's growth across Europe, Asia and the US for the past 12 years.  Earlier in his career...     [read more]

    By Collas Crill on  10 May 2021 
  • STM Group sells Jersey businesses

    STM Group logo_sep20Financial services provider STM Group has sold its Jersey-based company and trust services (CTS) businesses to Guernsey-based Imperium Group, for a minimum net cash consideration of £1.40m. Following regulatory approval from the Jersey Financial Services Commission, the sale was completed on ...     [read more]

    By STM Group on  10 May 2021 
  • RBS International supports renewable energy specialists

    RBSI logoRBS International's Institutional Banking team has closed a new syndicated €40m secured asset-backed facility to Tesseract Holdings, a wholly owned subsidiary of Aquila European Renewables Income Fund (AERIF).  AERIF, a London-listed investment company advised by Aquila Capital Invest...     [read more]

    By Liquid on  10 May 2021 
  • IoD names Wendy Dorey as new Guernsey Chair

    WendyDorey_IoD_may21The Guernsey Institute of Directors (IoD) Committee has appointed Wendy Dorey (pictured) as Chair.  Wendy joined the IoD Committee in 2019. She has served as Vice Chair for almost a year and will fulfil the role of Chair for a two-year period. A Chartered Director, Wendy has spent more than 2...     [read more]

    By Black Vanilla on  10 May 2021 
  • Seb Volpe named COO at Ashburton Investments

    SebVolpe_Ashburton_may21Ashburton Investments (International) has appointed Sebastian Volpe to the role of Chief Operating Officer.  Seb has worked for the business for more than six years, most recently as Operational Change Manager within the operations division of Ashburton Investments (International). Prior to&nb...     [read more]

    By Crystal PR on  7 May 2021 
  • VG promotes Aaron Smith to Senior Trust Officer

    Aaron Smith_VG_may21Jersey-based trust and corporate services company VG has promoted Aaron Smith (pictured) to Senior Trust Officer and announced several other appointments, following a 225% increase in new business during 2020/21.  Aaron, who joined VG in 2018 in a trust administration capacity, has more than 1...     [read more]

    By VG on  7 May 2021 
  • Highvern recruits Joanne Doyle to risk team

    Joanne Doyle_Highvern_may21Fiduciary and fund services provider Highvern has appointed Joanne Doyle to the role of Associate Director within its risk and compliance team.  Joanne joins the firm from the Jersey Financial Services Commission, where she has spent the past 12 years focusing on the supervision of trust compa...     [read more]

    By Direct Input on  6 May 2021 
  • Amati Law launches in Jersey

    Amati Law logoBoutique law firm Amati Law has been launched in Jersey this week, specialising in regulatory, corporate and commercial, private client and trust, and property matters. The firm is led by Managing Partner James Mews (pictured), who has spent the past four and a half years as Counsel at Pinel Advoca...     [read more]

    By BL Global on  6 May 2021 
  • UBS reveals Investor Sentiment survey results

    UBS logoUBS has released the results of its latest global Investor Sentiment survey, which polled 2,850 investors and 1,150 business owners with at least $1m in investable assets or annual revenue between 30 March and 18 April this year.  According to the survey, investors continue to hold elevated le...     [read more]

    By Refinery on  6 May 2021 
  • Walkers makes two senior hires

    MatthewDibbv2_Walkers_may21Walkers has made two appointments in Jersey – Matthew Dibb as Senior Counsel in the Insolvency and Dispute Resolution team and Tatiana Collins as Senior Counsel in the Investment Funds and Corporate Law practice group. A specialist in cross-border financial disputes and commercial litigation,...     [read more]

    By Walkers on  6 May 2021 
  • Guernsey publishes guide to sustainable family offices

    We Are Guernsey logoWe Are Guernsey, on behalf of Guernsey Finance, has produced a new guide to private wealth structures for single and multiple family offices. The report – Governance and Sustainability – has been developed with Hodson & Company to support the movement towards sus...     [read more]

    By We Are Guernsey on  6 May 2021 
  • Trust Corporation International promotes two

    Marie HardsTrust Corporation International has promoted Marie Hards and Rachel Rushton to Associate Directors.     Marie has been with the firm for almost 15 years, having previously worked in the private client fiduciary department of Kleinwort Benson. She joined Trust Corporation as a Trust Officer...     [read more]

    By Orchard PR on  5 May 2021 
  • Credit Suisse appoints Glen Tonks as Guernsey CEO

    GlenTonks_CreditSuisse_may21Credit Suisse in Guernsey has appointed Glen Tonks to the position of Chief Executive Officer and Branch Manager for Guernsey.  Glen succeeds Paul Annegarn, who has served as CEO for almost five years in Guernsey and is relocating to manage the bank’s operation in the Bahamas.  In ...     [read more]

    By Black Vanilla on  5 May 2021 
  • JFA survey reveals key drivers for Jersey funds

    JFA logo may21Accelerated digital adoption, upskilling and product innovation will be key themes for the funds industry in Jersey over the coming years, according to the findings of the latest annual survey of Jersey Funds Association (JFA) members. The survey, exploring opportunities and issues for Jersey&rsquo...     [read more]

    By Crystal PR on  5 May 2021 
  • Ogier advises Burford Capital on note issuance

    Ogier logo_official_jul19Ogier has provided Guernsey legal advice to Burford Capital on the private offering of $400m aggregate principal senior notes by its wholly owned subsidiary, Burford Capital Global Finance.  The 6.25% senior notes, due 2028, are guaranteed on a senior unsecured basis by Burford Capital, as wel...     [read more]

    By Crystal PR on  5 May 2021 
  • Crestbridge supports launch of ETIC energy fund

    Crestbridge logoCrestbridge has provided a range of administrative services to support the launch of the Energy Transition Europe fund by Energy Transition International Capital (ETIC). The fund achieved a first closing of €55m, with a total fundraising target of €200m.  With a focus on infrastruct...     [read more]

    By Crystal PR on  5 May 2021 
  • TISE names Andrew Watchman as CFO

    Andy Watchman_TISE_may21The International Stock Exchange (TISE) has appointed Andrew Watchman as its Chief Financial Officer.   Andrew has served as a Senior Finance Manager at TISE since October 2017, with responsibility for TISE’s financial reporting, management information and financial control environment. &...     [read more]

    By TISE on  4 May 2021 
  • Investec appoints Investment Director for Guernsey

    TiffanyGervaiseBrazier_Investec_may21Investec Wealth & Investment (CI) has appointed Tiffany Gervaise-Brazier to the role of Investment Director in its Guernsey office. Tiffany joins from Ravenscroft in Guernsey, where she has served as Portfolio Manager since 2015. Prior to this, she worked for HSBC in an analyst position, having...     [read more]

    By Investec on  4 May 2021 
  • C5 Alliance makes senior appointments

    C5_Gavin LanoeC5 Alliance, part of BDO in Jersey, has announced three new appointments in Guernsey – Zac Mohiuddin as Senior Cloud and Infrastructure Consultant; Gavin Lanoe as Cloud and Infrastructure Consultant; and Dean Fitton as Senior Accounts Manager.  Zac has more than 18 years’ experienc...     [read more]

    By C5 Alliance on  4 May 2021 
  • Carey Olsen and Northern Trust support Coller Capital

    CareyOlsen logo_jul19Carey Olsen's investment funds team in Guernsey, together with Northern Trust, have supported Coller Capital, an investor in private equity's secondary market, on the launch and $9bn final close of Coller International Partners VIII.   The fund will focus on providing liquidity solution...     [read more]

    By Carey Olsen on  4 May 2021 

« April 2021


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