The Jersey Financial Services Commission is asking for feedback on proposed fee rates for general insurance mediation businesses, money service businesses, trust company business and designated non-financial businesses and professions.
The Commission is suggesting an 8.5% increase in fee rates to a...
[read more]
30 November 2021
An average of £1.4trn of capital is intermediated in Jersey each year, supporting £170.3bn of global economic output, 5.1 million jobs worldwide, and £73.3bn in associated wages through ‘global value chains’ facilitated by the island.
So says a report published today &...
[read more]
By Crystal PR on
30 November 2021
More than half of Channel Islanders cite a preference to save equity than spend on rent as one of their most important reasons to own a property, according to new research.
Butterfield, which entered the Channel Island mortgage market earlier this year, commissioned Island Global Research to ...
[read more]
By Orchard PR on
30 November 2021
The international Network of Financial Centres for Sustainability (FC4S) has added Jersey to its global network.
In joining FC4S – a collective of international financial centres working together to achieve the UN’s Sustainable Development Goals and the Paris Agreement – Jersey be...
[read more]
By Crystal PR on
29 November 2021
Guernsey Finance has appointed Jo Kitcat to a permanent position in London as UK Representative.
Jo’s role will be to promote awareness of Guernsey’s finance offering, educate about the island’s financial services, and connect London professionals with Guernsey practitioners...
[read more]
By We Are Guernsey on
29 November 2021
A world-first Danish Red Cross-sponsored catastrophe bond has been listed on the Qualified Investor Bond Market (QIBM) of The International Stock Exchange (TISE) and admitted to its sustainable market segment, TISE Sustainable.
Dunant Re IC – an incorporated cell of Replexus ICC (Guernsey) &n...
[read more]
By TISE on
29 November 2021
Rossborough Financial Services has appointed Nicky Fagan as Director.
Nicky has more than 30 years’ experience in Jersey and the Isle of Man, specialising in employee benefits and pensions.
She previously worked for Rossborough Financial for 17 years as a Financial Consultant before jo...
[read more]
By Rossborough Financial Services on
26 November 2021
JTC has appointed Tom Kimber as an Associate Director in its Private Client Services division, based in Dubai.
Tom will be responsible for a portfolio of international and domestic UAE entity structures, as well as helping to grow the firm's presence in the Middle East.
He brings t...
[read more]
By Crystal PR on
25 November 2021
Ocorian has recruited Michelle Merola as Business Development Director to drive the growth and delivery of the firm's employee incentive services.
Michelle will work with Ocorian’s existing employee incentive plan clients to maintain service levels and will develop its client book within ...
[read more]
By Ocorian on
24 November 2021
Walkers has advised Eagle Street Partners (together with Ashurst, Eversheds, Kirkland & Ellis and Paul Burness) on a series of real estate acquisitions, including office buildings in Dublin and Glasgow, a business park site in Newcastle, a build-to-rent development at Castleforbes in Dublin ...
[read more]
By Walkers on
24 November 2021
A special edition of Businesslife, exploring the relationship between the Middle East and the Channel Islands, is now available.
Jersey and Guernsey are set to play an increasingly pivotal role in helping Middle East wealth players meet the challenges of a shifting demographic and changing client n...
[read more]
By BL Global on
23 November 2021
Jersey-based trust, corporate and fund administration services provider VG has appointed Kevin Cooper as Director of Operations.
In his new role, Kevin will oversee the development of VG’s business and projects to enhance the company’s operations.
He will also serve as the Direct...
[read more]
By VG on
23 November 2021
JTC has appointed Chief Commercial Officer Dean Blackburn to the Group Holdings board.
In his expanded role, Dean, who is based in Jersey, will continue to work with the Group CEO and Holdings Board.
His focus will be on delivering organic and inorganic growth opportunities for the group'...
[read more]
By Crystal PR on
23 November 2021
Several businesses with operations in the Channel Islands collected awards at the 2021 Global Custodian Industry Leaders Awards, presented last week in New York.
• Ocorian – Fund Services One to Watch
• Intertrust – Reporting Award in the Hedge Fund Administration category
&bu...
[read more]
By BL Global on
23 November 2021
Ravenscroft has announced plans to acquire the Channel Islands operation of MitonOptimal Group.
The investment services group, which has offices in Guernsey, Jersey and the UK and last year expanded into the Isle of Man, has entered into an agreement to purchase MitonOptimal Portfolio Management (C...
[read more]
By Ravenscroft on
23 November 2021
RBS International has supported renewable energy fund Greencoat UK Wind by co-ordinating the increase and extension of its revolving credit facility to £600m, and transition to SONIA (the Sterling Overnight Index Average).
The facility, which will be used to support a strong pipel...
[read more]
By Liquid on
19 November 2021
Crestbridge has announced the appointment of Cheryl Bai as Director, Head of Funds UK, based in London.
Cheryl has significant experience supporting complex fund structures across asset classes and domiciles, and has worked with some of the largest fund management names in the UK and US. ...
[read more]
By Crystal PR on
19 November 2021
Statistics Jersey has released figures for house prices on the island in the third quarter of 2021.
On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2021 was 4% higher than in the previous quarter (year ending Q2 2021).
On a quar...
[read more]
By States of Jersey on
19 November 2021
The Jersey Financial Services Commission is launching its strategic vision for the next three years at an online event on 25 November at 8:30am.
Originally planned as a hybrid event, this will now be completely virtual given the rising number of Covid-19 cases on island.
The event will set o...
[read more]
By Jersey Financial Services Commission on
19 November 2021
The latest issue of Businesslife, exploring the rapidly advancing progress of technology in business and finance, is now available.
The influence of technology in everyday business practices and processes is accelerating at a more rapid rate than ever – but Channel Islands firms need to be al...
[read more]
By BL Global on
18 November 2021
Invest Europe has published two reports, underlining the robust recovery in private equity activity in the first half of 2021, as well as the strengthening belief in the industry’s ability to contribute to a stronger economy and better society.
The first report – Investing in...
[read more]
By Invest Europe on
18 November 2021
Guernsey Finance has released details of its 2021 Guernsey Funds Forum, which will be held at 155 Bishopsgate in London on 29 November.
The event, which this year has the theme Building Tomorrow, will address the question of how to create a better future, and will feature the views of policymakers ...
[read more]
By We Are Guernsey on
18 November 2021
Harmony Energy Advisors has appointed JTC to provide a range of governance and administration services, including AIFM support in Guernsey, for the Harmony Energy Income Trust (HEIT), which has recently been listed on the London Stock Exchange.
The initial public offering for HEIT, which constructs...
[read more]
By Crystal PR on
18 November 2021
Guernsey’s insurance sector has signed a pledge to be carbon neutral by 2050.
The Guernsey International Insurance Association (GIIA) has signed up to the SME Climate Hub’s Climate Commitment, which recognises that climate change poses a threat to the economy, nature and society a...
[read more]
By We Are Guernsey on
18 November 2021
Bedell Cristin has strengthened its commitment to Singapore and the wider South East Asia region with a move to new premises.
The Jersey-headquartered firm, which also has offices in the BVI, Cayman Islands, Guernsey and London, has relocated to a larger office space in Stanley Street to supp...
[read more]
By Crystal PR on
18 November 2021
IQ-EQ has announced the acquisition of Greyline Partners, a US provider of governance and regulatory compliance solutions for private equity, venture capital, hedge funds and investors.
According to IQ-EQ, the acquisition strengthens its position as a provider of outsourced business services ...
[read more]
By Aspectus Group on
17 November 2021
The Jersey Financial Services Commission has announced two senior appointments – Farooq Naeem as Director of Supervisory Strategy and Oversight, and Sally Rochester as Interim Executive Director of Supervision.
Farooq will be responsible for the authorisations, examinations and pooled supervi...
[read more]
By Jersey Financial Services Commission on
17 November 2021
Collas Crill has appointed Sarah Millar as a Senior Associate in its family law practice in Guernsey.
An experienced family law practitioner, Sarah has a particular interest in matters involving children, having worked for several years in child protection in the public sector.
Her Guernsey-based ...
[read more]
By Collas Crill on
17 November 2021
The winners of this year's Citywealth Future Leaders Awards have been announced, highlighting bronze, silver and gold winners across 25 categories.
Now in its sixth year, the awards programme aims to champion young professionals in the wealth sector and highlight leaders under 40 who excel at w...
[read more]
By BL Global on
16 November 2021
Jersey Finance has released a study into attitudes towards Islamic finance wealth management by Muslim high-net-worth individuals.
The white paper – Global Attitudes to Islamic Wealth Management – was launched at Jersey Finance's conference in Dubai last week. It examines the ...
[read more]
By Crystal PR on
16 November 2021
Who's Who Legal has published its 2022 private funds analysis, highlighting 740 individuals who advise clients in the private equity, hedge fund and credit space on domestic and international fund formation and regulatory matters.
Its listing for offshore fund formation specialists includ...
[read more]
By BL Global on
16 November 2021
Law At Work has appointed Jacqueline Tobias as Assistant Director.
Jacqueline specialises in employment law and data protection and has spent more than a decade giving legal advice to the government.
Now a non-practising Advocate of the Royal Court, she previously worked for the Government of Jers...
[read more]
By Direct Input on
16 November 2021
Investors increasingly see benefits from integrating sustainable investing into their portfolios, according to the latest Investor Sentiment survey by UBS.
The survey, which polled 3,004 investors and 1,202 business owners across 15 markets globally, found that a majority of investors expect ...
[read more]
By Refinery on
15 November 2021
Jersey Finance has signed an agreement with the Dubai International Financial Centre (DIFC) Authority, paving the way for closer collaboration over the coming years.
Outlining a framework for greater cooperation to support the evolution of Jersey and DIFC as international finance centres, the agree...
[read more]
15 November 2021
JTC has completed its acquisition of SALI Fund Services, in line with the initial announcement made last month.
A US-based provider of fund services to the insurance dedicated fund (IDF) and separately managed account (SMA) markets, SALI was founded in 2002 and provides a turnkey solution for the c...
[read more]
By Crystal PR on
15 November 2021
The Jersey Financial Services Commission has been accepted as a member of the Network for Greening the Financial System (NGFS), following an announcement at COP26 in Glasgow by NGFS Chair Frank Elderson.
NGFS is a network for central banks and supervisors who voluntarily exchange experiences, share...
[read more]
By Jersey Financial Services Commission on
15 November 2021
Guernsey has won the European Domicile of the Year prize at the 2021 European Captive Review Awards, presented in Luxembourg last week.
The long-running awards scheme honours providers of captive insurance products and services that have outperformed their competitors and demonstrated excellen...
[read more]
By BL Global on
15 November 2021
Jersey-based fund administrator Saltgate Group has promoted Ajay Golam to the role of Director.
Ajay, based in the company’s London office, joined Saltgate in May 2016 as a Manager and prior to his promotion served as an Associate Director, Fund Accounting.
In his new role, he will ove...
[read more]
By Saltgate on
15 November 2021
BDO in Guernsey has announced 16 promotions across its audit, business operations and tax departments.
In the audit team, these include:
• Rob McGregor to Senior Manager
• Shelley Tostevin and Kudazi Bandama, both to Managers
• Emma Archenoul and Krista De La Mare to Senior Assistant...
[read more]
By Orchard PR on
15 November 2021
Financial services provider Intertrust has entered into discussions with private equity firm CVC Capital Partners over a voluntary investment offer by a company controlled by investment funds advised by CVC.
The offer is for all issued and outstanding shares of Intertrust at an indicative price of ...
[read more]
By BL Global on
12 November 2021
Although islanders like their working arrangements and approve of their employers, that wouldn’t stop nearly two thirds of professionals thinking of leaving Jersey because of housing costs.
A survey by Kendrick Rose found 19% of those polled were already planning to leave the island because o...
[read more]
By leadership writing on
12 November 2021
The Guernsey Financial Services Commission has announced plans to increase licence fees paid by firms from 1 January 2022 by 7.6%, with the agreement of the Policy & Resources Committee.
On 16 July, the Commission published a consultation paper on its 2022 fees containing four main proposals:
&...
[read more]
By Guernsey Financial Services Commission on
12 November 2021
IQ-EQ has recruited Joanna Macleod as its Group Chief Operating Officer, based in London.
Macleod will lead IQ-EQ’s global operations across all 24 jurisdictions. She will be responsible for ensuring the business has a sustainable, compliant operating platform in place for further expansion.
...
[read more]
By IQ-EQ on
12 November 2021
On Friday 19 November, Appleby and HSBC Jersey are to hold a second event looking at mental health and workplace equality, a follow-up to a similar session in March as part International Women’s Day.
The International Men’s Day event – Breaking Free and mental well-being: a ...
[read more]
By Appleby on
12 November 2021
Jersey has been named Best International Finance Centre at the eighth annual WealthBriefing MENA Awards, for the fifth year in a row.
Designed to showcase best of breed providers in the private banking, wealth management and trusted adviser communities, the awards recognise companies, teams ...
[read more]
By Crystal PR on
11 November 2021
Crestbridge has appointed Marta Ciemiega to the role of Business Development Director for the US.
Marta, who will be based at Crestbridge’s office in New York, has more than 17 years’ experience in financial services and an extensive knowledge of global private markets in the...
[read more]
By Crystal PR on
11 November 2021
Guernsey-based financial services provider and pensions specialist UAP Group has appointed Jane Duchemin to its board as a Non-Executive Director.
Jane has more than 35 years' experience in the finance industry, holding senior positions with banking institutions and independent trust companies ...
[read more]
By Black Vanilla on
11 November 2021
HSBC's Guernsey commercial banking team has supported the Guernsey Recycling Group (GRG) with a sustainably focused funding structure.
The structure will enable GRG to pursue its growth strategy in the bailiwick and beyond, including making a series of acquisitions in the waste manag...
[read more]
By Crystal PR on
9 November 2021
Corporate, fund and family office solutions provider LGL Group has appointed Adam Caerlewy-Smith as Head of Marketing, based in Jersey.
In his new role, Adam will be responsible for LGL’s strategic marketing, brand identity and communications, leading the planning and execution of a...
[read more]
By BL Global on
9 November 2021
Guernsey software business Fusion Acusoft has merged with UK-based Vega Solutions to form a technology group providing solutions to financial services businesses in the Channel Islands and beyond.
The new business will offer software solutions to banks, trust and company administration, fund admini...
[read more]
By BL Global on
9 November 2021
PraxisIFM Group has appointed Daniel Reynolds as its new Managing Director in Jersey, replacing Richard Kearsey, who has retired after 21 years with the group.
Daniel, who previously served as Managing Director of PraxisIFM’s offices in the Netherlands, brings to the new role more than ...
[read more]
By Orchard PR on
9 November 2021
Moore Stephens Channel Islands has appointed Simon Kelly as a Director and Laura Duhamel as a Senior Manager in the firm's corporate services team in Jersey.
Simon brings to the new role more than 38 years of experience in company secretarial and fiduciary services.
He moves to Moore Stephens ...
[read more]
By Moore Stephens on
8 November 2021
The Guernsey Financial Services Commission has updated Appendix I of the AML/CFT Handbook following the announcement by the Financial Action Task Force (FATF) that it has removed Botswana and Mauritius from its list of jurisdictions under increased monitoring.
Meanwhile, FATF has added Jordan...
[read more]
By Guernsey Financial Services Commission on
8 November 2021
Boutique law firm Hatstone has been recognised as Best International Law Firm at the Irish Law Awards 2021, presented in Dublin recently.
The Irish Law Awards, established in 2012, aim to honour outstanding achievements, while recognising those who have dedicated their lives to the legal profession...
[read more]
By Lisa Downes on
8 November 2021
Lawyers from Carey Olsen's corporate team in Guernsey have advised private equity firm 7RIDGE on its acquisition of Trading Technologies International, a global provider of high-performance professional trading software, infrastructure and data solutions.
The acquisition, which is expecte...
[read more]
By Carey Olsen on
5 November 2021
Appleby has acted as Jersey counsel to SparkChange, a provider of carbon investment products and data, on the launch of an exchange traded commodity (ETC).
The ETC provides investors with exposure to regulated European Union carbon allowances without needing to build the complex and costly inf...
[read more]
By Appleby on
5 November 2021
Brooks Macdonald International has made three promotions in Jersey.
Peter Davies (pictured right) and Stephen Le Lievre (far right) have both been promoted to Investment Directors and Rachel Greenaway to Senior Investment Manager.
Peter joined the firm in November 2020 and has more than 15 years&r...
[read more]
By Crystal PR on
4 November 2021
Barnaby Molloy has been named as the new Deputy Chief Executive of Guernsey Finance, the promotional agency for Guernsey’s financial services sector.
Barnaby, previously Operations and Marketing Director, has been with the organisation for five years.
He has more than 15 years’ experie...
[read more]
By We Are Guernsey on
3 November 2021
Businesslife, the Channel Islands-based business and lifestyle magazine distributed widely in Jersey, Guernsey and London, has revealed it will return to a bi-monthly publication schedule in 2022.
It has also announced a host of early bird commercial opportunities for those looking to book no...
[read more]
By BL Global on
3 November 2021
Vistra has made three leadership changes in its Channel Islands business.
Gemma Voisin (pictured) has been named Sector Head for Private Wealth in the Channel Islands. She will also join the main board of Vistra Jersey and become a member of the firm's Global Private Wealth Sector committee.
G...
[read more]
By Vistra on
3 November 2021
The Chartered Governance Institute UK & Ireland's Bailiwick of Guernsey Branch has announced the winners of the 2021 Guernsey Awards, which recognise individuals, teams and service providers who excel in governance.
The winners were:
• Company Secretary of the Year: Kel...
[read more]
By Agility PR on
3 November 2021
Vistra has completed its acquisition of Australian corporate governance, accounting and company secretarial services business Leydin Freyer.
The acquisition doubles the size of Vistra’s operations in Australia and expands its footprint across the country's two largest cities, Sydney and M...
[read more]
By Vistra on
2 November 2021
The Jersey Financial Services Commission is asking for feedback from the banking sector on its proposals to increase fees by 16.5% for 2021/22.
When the JFSC published feedback last year from its 2020 banking fee consultation, it highlighted the likelihood of a fee increase but deferred it to this ...
[read more]
By Jersey Financial Services Commission on
1 November 2021