Business News Archive

« September 2021

October  2021  (50)

  • JTC acquires perfORM Due Diligence Services

    JTC Logo 2018Professional services firm JTC has announced the acquisition of London-based perfORM Due Diligence Services, which supports UK and international asset allocators and investment managers.   Launched in 2019, perfORM was set up as an operational due diligence (ODD) business to provide solutions t...     [read more]

    By Crystal PR on  20 October 2021 
  • TMF Group launches private debt report

    TMF Group logoTMF Group and Private Equity Wire have launched the 2021 Global Private Debt Insight Report, a global survey on how private debt managers view opportunities across the asset class. The report focuses on private equity-like distressed M&A deals and shorter-term non-performing loans, through to s...     [read more]

    By TMF Group on  19 October 2021 
  • TISE Sustainable announces two new admissions

    TISE Sustainable logoThe International Stock Exchange (TISE) has announced the admission of two new companies to its sustainable market segment, TISE Sustainable – UK property developer Canary Wharf Group Investment Holdings and German wood products manufacturer PCF.    Canary Wharf Group Investment Hold...     [read more]

    By TISE on  19 October 2021 
  • IoD announces Jersey Leaders’ Lunch

    LisaSpringate-©Danny EvansThe IoD in Jersey has announced details of its Leaders’ Lunch in November – entitled Your Island, Your Voice, Your Choice – at which former, current and future leaders of Jersey will discuss the vision for the island.  Two years after the UK left the EU, and in the aftermath ...     [read more]

    By Gwyn Garfield-Bennett on  19 October 2021 
  • TrustQuay releases Future Focus Report

    TrustQuay logo jun20Financial services technology provider TrustQuay has released its latest Future Focus Report, which examines the issues and opportunities in the corporate services, trust and alternative fund administration sector.  This year’s findings reveal that while firms believe that digitalisation...     [read more]

    By Narrative UK on  18 October 2021 
  • Three winners announced for IoD Director of the Year Awards

    IoD LogoThe Institute of Directors (IoD) in Guernsey has announced three winners for this year’s IoD Director of the Year Awards: Alan Bates, Chief Executive at Guernsey Electricity; Olly Duquemin, Chief Executive Officer at Resolution IT; and Alan Roper, Managing Director at Blue Diamond Group. ...     [read more]

    By Black Vanilla on  18 October 2021 
  • Appleby recruits Niall MacDonald as Group Partner

    Niall MacDonald_Appleby_oct21Appleby has appointed Niall MacDonald as a Group Partner in its Dispute Resolution practice.   A Jersey Advocate, Niall joins the firm after more than 12 years with Walkers.  Prior to this, he spent five years as a solicitor with Maclay Murray & Spens (now Dentons) in Scotl...     [read more]

    By Appleby on  18 October 2021 
  • Invicta appoints James Dumont-Gale to the board

    James Dumont-Gale_Invicta-oct21Invicta Wealth Solutions has appointed James Dumont-Gale to its board.  James joined Invicta in July 2017 and was promoted to Chief Financial and Operations Officer in January this year.  Having qualified as an accountant with PwC Channel Islands, he worked in audit before moving in...     [read more]

    By Candice Vermeulen on  15 October 2021 
  • EY announces Channel Islands promotions

    Nicoline Armatas_EY_oct21EY has announced several senior promotions across its Channel Islands offices.  Nicoline Armatas (pictured), Rea Mae Hubierna and Christian Robinson have all been promoted to Assurance Senior Manager, while Phil Irvine (pictured below) has been promoted to Senior Tax Manager.  Nicoline, ...     [read more]

    By EY on  14 October 2021 
  • Business Tendency results released

    Statistics Jersey logoStatistics Jersey has published the latest results from the Business Tendency Survey, the quarterly survey that provides qualitative information about the island’s economy.  Chief executives and managing directors are asked for their opinions on the current state of their business compar...     [read more]

    By Government of Jersey on  14 October 2021 
  • Ogier advises on Amsterdam-listed SPAC

    Ogier logo_official_jul19Ogier's Guernsey team has advised Disruptive Capital on the establishment and listing on Euronext Amsterdam of Disruptive Capital Acquisition Company, a Guernsey-incorporated special purpose acquisition company (SPAC) – the first SPAC on Euronext Amsterdam to be listed and traded in pounds...     [read more]

    By Crystal PR on  14 October 2021 
  • Crestbridge appoints accounting head in Ireland

    Conor O'Brien_crestbridge_oct21Crestbridge has appointed Conor O’Brien as Head of Accounting and Transfer Agency as it continues to expand its presence in Ireland.    In his new role, Conor is responsible for establishing, leading and promoting the accounting, valuations and transfer agency functions of the fund ...     [read more]

    By Crystal PR on  14 October 2021 
  • Research highlights governance challenges for fund boards

    JerseyFinance logo_jul2019The rise of ESG investing, demands for specific experience and greater expectations on transparency are all shaping the fund governance landscape – but there is still a way to go for managers and boards to align with the governance objectives of investors, according to new research by IFI Glob...     [read more]

    By Crystal PR on  13 October 2021 
  • TISE listings support decarbonisation of VMED O2

    TISE logo 2021The International Stock Exchange (TISE) has listed two green bonds, which are helping to finance the decarbonisation of telecommunications company VMED O2 UK.   The two bonds have been listed on TISE’s Qualified Investor Bond Market (QIBM) and admitted to its sustainable market segment, T...     [read more]

    By TISE on  13 October 2021 
  • Tenn Capital partners with Elliott Advisors

    Tenn Capital logo oct21Guernsey-based start-up Tenn Capital has announced a funding facility and joint venture partnership with funds advised by Elliott Advisors (UK) and its affiliates.  Elliott will provide funding of up to £300m to build Tenn Capital’s proposition, which will allow Tenn to deliver its...     [read more]

    By Enness Global on  13 October 2021 
  • RBS International backs infrastructure firm Pioneer Point

    RBS International logo_jul21RBS International has supported London-based infrastructure investment firm Pioneer Point Partners, as it works towards the latest target for its sustainable infrastructure fund. RBS International, through its Luxembourg branch, arranged the bilateral, 12-month, €125m investor-backed leverage ...     [read more]

    By Liquid on  13 October 2021 
  • Ramsey Mirza joins Ogier as Group HR Director

    RamseyMirza_Ogier_oct21Ogier has appointed Ramsey Mirza as Group HR Director, based in Jersey. A fellow of the Chartered Institute for Personnel Development and the Chartered Management Institute, Ramsey joins Ogier from UK law firm Foot Anstey, where he was HR Director on the board for seven years.  Prior to this,...     [read more]

    By Crystal PR on  13 October 2021 
  • HSBC appoints Kate Morton as General Counsel in Channel Islands and Isle of Man

    Kate Morton_HSBC_oct21HSBC has appointed Kate Morton as General Counsel for the Channel Islands and Isle of Man, based in Jersey. In her new role, Kate will oversee the legal frameworks and manage the legal risks across the bank’s operations in Jersey, Guernsey and the Isle of Man. Having been with HSBC for more ...     [read more]

    By Crystal PR on  12 October 2021 
  • Value of Guernsey-domiciled funds hits all-time high

    We Are Guernsey logoThe net asset value (NAV) of funds domiciled in Guernsey is at its highest ever level following a 20% increase over the course of a year, according to the latest figures from the Guernsey Financial Services Commission (GFSC).   The regulator’s most recent update for Q2 2021 has confirmed ...     [read more]

    By We Are Guernsey on  12 October 2021 
  • HSBC research highlights global battle for talent

    HSBC logoBusinesses across the world face a battle for talent as they look to unlock growth opportunities, according to new research from HSBC. New insights from HSBC’s latest Navigator research on The Future of Work show that competition for talent means companies are having to diversify how they are...     [read more]

    By Crystal PR on  11 October 2021 
  • Alex Wickens joins Walkers in Guernsey

    Alex Wickens_WalkersBanking and finance lawyer Alex Wickens has joined Walkers' Guernsey team as Senior Counsel. Alex moves to the firm from Collas Crill, where he has been in private practice for more than a decade.  He specialises in real estate financing and Islamic financing matters. He also advises clie...     [read more]

    By Walkers on  11 October 2021 
  • Paul Schreibke named Oak Funds Services MD

    Paul Schreibke_Oak_oct21The board of Oak Group has announced that Paul Schreibke will now serve as Managing Director of Oak Funds Services in Guernsey.  Paul has been with Oak Guernsey since 2019, when he became Managing Director of Oak Trust (Guernsey).   He previously spent 27 years with Intertrust, ...     [read more]

    By FWD Consulting on  11 October 2021 
  • Ocorian completes Nordic Trustee acquisition

    OcorianLogo_apr20Ocorian has completed the acquisition of Nordic Trustee, which provides trustee and agency services for bonds and direct lending in the Nordic region.      Nordic Trustee will continue to be led by CEO Cato A Holmsen as an independent bond trustee and loan agent across the region. It ...     [read more]

    By Ocorian on  11 October 2021 
  • Quilter Cheviot moves Oliver Harwood back to Jersey

    OliverHarwood_QC_oct21Quilter Cheviot has transferred Investment Manager Oliver Harwood back to his Jersey hometown, having served in the firm’s London headquarters for the past four years.   Oliver’s primary responsibility is the management of discretionary portfolios on behalf of private clients, trust...     [read more]

    By Quilter Cheviot on  11 October 2021 
  • Zedra announces Guernsey promotions

    BrianVhiriri_zedra_oct21Zedra has confirmed the promotion of six staff members in the Guernsey office: • Anna Youngjohns – Assistant Manager • Brian Vhiriri – Senior Accounts Manager • Elizabeth Sayer - Trust Officer • Jade Lake – Trust Administrator • Robert De La Rue – Tr...     [read more]

    By Greentarget on  11 October 2021 
  • Redwood Co Sec gains GFSC licensing

    Redwood logoRedwood’s company secretarial branch, Redwood Co Sec, has been licensed by the Guernsey Financial Services Commission (GFSC) as a corporate service provider (CSP).      The licensing provides Redwood Co Sec with the opportunity to provide incorporation services as a complementar...     [read more]

    By Guernsey Financial Services Commission on  11 October 2021 
  • GFSC releases investment statistics for Q2 2021

    GFSC logoThe Guernsey Financial Services Commission has issued investment statistics for the second quarter of 2021. • Guernsey funds – The total net asset value of Guernsey funds has increased in sterling terms during the last quarter by £9bn (3.4%) to £272.6 bn. Over the past year, ...     [read more]

    By Guernsey Financial Services Commission on  8 October 2021 
  • Guernsey reports on 21st century fiduciary duties

    We Are Guernsey logoWe Are Guernsey has produced a new report on fiduciary duty and the position of Guernsey’s practitioners in respect of intertwining ESG principles and fiduciary duty appropriate for the 21st century. In 2019, the United Nations Environment Programme Finance Initiative, and the Principles...     [read more]

    By We Are Guernsey on  8 October 2021 
  • CIPR awards highlight islands successes

    CIPR logoThere were several Channel Islands successes at the Chartered Institute of Public Relations PRide Awards for the South of England and Channel Islands region, presented this week. Guernsey communications business Orchard won the PR Consultancy of the Year title.  The Best Covid Response w...     [read more]

    By BL Global on  8 October 2021 
  • Unquote British Private Equity Awards winners announced

    Unquote logoThe winners of this year's Unquote British Private Equity Awards have been announced at a presentation in London. The awards, which honour innovation and excellence in private equity and venture capital, were shortlisted by a judging panel of industry specialists and then chosen by a wider read...     [read more]

    By Unquote on  8 October 2021 
  • JTC acquires US firm SALI Fund Services

    JTC Logo 2018JTC has acquired SALI Fund Services, a US-based provider of fund services to the insurance dedicated fund (IDF) and separately managed account (SMA) market, for a maximum consideration of $236m. An initial sum of $204.5m will be settled by a combination of $192.2m in cash and up to $12.3m in new JT...     [read more]

    By Crystal PR on  7 October 2021 
  • Walkers announces employment law conference

    Walkers Logo 2018Walkers is to hold an online employment law conference over three days in October, focusing on the role of employment legislation in driving business success. The conference  – Equipping the Board: Using Employment Law Tools to Navigate Risks and Drive Success – is free to att...     [read more]

    By Walkers on  7 October 2021 
  • Marketing agency Oi sold

    Oi new logoGuernsey and Jersey-based marketing agency Oi has been acquired by David Hitchcock and his team. David, a former Managing Director of JP Morgan and UK Chair of Grant Thornton, is also on the board of Guernsey-based rum business The Juggling King. His team of marketing specialists and investors inc...     [read more]

    By Oi on  7 October 2021 
  • HSBC’s Christina Liciaga named Woman to Watch

    Christina Liciaga_HSBCHSBC’s Head of Customer and Products in the Channel Islands and Isle of Man, Christina Liciaga, has been named on Cranfield School of Management's 100 Women to Watch listing for 2021. Launched alongside Cranfield’s Female FTSE Board Report, which provides an annual analysis of women...     [read more]

    By Crystal PR on  7 October 2021 
  • SystemLabs acquires Redcoin

    systemlabs logoJersey-based tech company SystemLabs has acquired IT security products and services distributor Redcoin, also based in Jersey.   The acquisition bolsters SystemLabs’ existing knowledge in cybersecurity and adds security products to its roster.  These include preventative soluti...     [read more]

    By SystemLabs on  6 October 2021 
  • Brooks Macdonald International unveils group annual results

    Brooks Macdonald logoBrooks Macdonald Group has announced its audited results for the year ended 30 June. The results highlight improved revenue and profit for Brooks Macdonald International, which has offices in Guernsey and Jersey, boosted by the contribution of the recently acquired Lloyds Banking Group's Channe...     [read more]

    By Crystal PR on  6 October 2021 
  • Guernsey property markets head for record activity

    Guernsey property illoSales activity on the Guernsey Open Market so far in 2021 is on course to top last year's, and the record high seen in 2006, according to the latest conveyancing statistics compiled by Unusualities of Guernsey, an independent compiler of local conveyancing statistics.   The 91 Open Market t...     [read more]

    By Carey Olsen on  6 October 2021 
  • Amberton appoints Joshua Eyre as Director

    Joshua Eyre_Amberton_oct21Jersey-based investment firm Amberton has appointed Joshua Eyre as a Director. Joshua brings to the role more than 20 years’ experience across mortgages and banking for a combination of retail, intermediary and family office clients. He has spent much of his career with Barclays, mostly...     [read more]

    By Sancus on  6 October 2021 
  • GFSC issues revised rules, codes and guidance

    GFSC logoThe Guernsey Financial Services Commission has published the finalised draft revised rules, codes and guidance that accompany the introduction of the revised principal laws dealing with the regulation of financial services business in the bailiwick as part of the Commission’s Revision of Laws ...     [read more]

    By Guernsey Financial Services Commission on  6 October 2021 
  • Crestbridge appoints Siân Dalrymple as Group Chief Risk Officer

    Sian Dalrymple_Crestbridge_oct21Crestbridge has appointed Siân Dalrymple as Group Chief Risk Officer.  Siân will be responsible for the oversight and enhancement of Crestbridge’s risk function and the development of its risk management services platform for its global client base.  She brings to the r...     [read more]

    By Crystal PR on  5 October 2021 
  • ESG and family office report published

    JerseyFinance logo_jul2019A report exploring how sustainability, ESG priorities and effective governance are playing out in the ultra-high-net-worth space has been published by Wealthbriefing, supported by Jersey Finance. Virtuous Circles: Sustainable Family Governance Models in an Evolving Environment is based on a global ...     [read more]

    By Jersey Finance on  5 October 2021 
  • Leaders recruits Kareena Hodgson to team

    Kareena Hodgson_LeadersGuernsey consultancy Leaders has recruited Kareena Hodgson as a Consultant, supporting the company’s work in the Channel Islands and the UK.   In her new role, Kareena will work with senior executives to identify areas of personal leadership development, including building strengths ...     [read more]

    By Black Vanilla on  5 October 2021 
  • Winners announced for Alt Credit European Services Awards

    Alt Credit Awards 2021This year's Alt Credit European Services Awards have been announced, recognising private debt managers and credit hedge funds that have taken best advantage of opportunities and avoided pitfalls.  Among the winners were businesses with operations in the Channel Islands: • Best de...     [read more]

    By BL Global on  5 October 2021 
  • TISE appoints NED to regulatory arm

    nick bayley_TISE_oct21The International Stock Exchange has appointed Nick Bayley as a Non-Executive Director of its regulatory arm, The International Stock Exchange Authority. Nick has more than 30 years’ experience working in the financial services industry, in professional services, with regulators and...     [read more]

    By TISE on  4 October 2021 
  • Legal 500 Guide for 2022 released

    Legal 500 logoThe Legal 500 UK 2022 Guide for the UK has been released, which highlights the following law firms and lawyers in the Channel Islands. Below is a selection of categories but the full listings can be found here GUERNSEY Banking and Finance • Tier 1: Carey Olsen, Mourant, Ogier • Tier 2: Ap...     [read more]

    By BL Global on  3 October 2021 
  • EY announces four CI promotions

    Jo Bold_EY_oct21EY has announced four senior promotions across the Channel Islands, with Jo Bold, Mark Halliwell, Adam Knight and David Mosley all moving to the role of Assurance Director.  Jo (pictured), based in Guernsey, has more than a decade’s worth of experience in wealth and asset management, inc...     [read more]

    By EY on  3 October 2021 
  • Jersey releases 2020 GVA and GDP report

    Statistics Jersey logoThe latest report presenting estimates of the size and performance of Jersey's economy in 2020 has been published by Statistics Jersey. Summary for 2020 Gross Domestic Product (GDP) GDP decreased by 9.2% in real terms on an annual basis GDP was £4,528 million Gross Value Added...     [read more]

    By States of Jersey on  1 October 2021 
  • KPMG in the Crown Dependencies announces three new Partner promotions

    KPMG logo_jan21KPMG in the Crown Dependencies has announced three new Partner promotions. Brian Bethell and Ben Honeywood are both promoted to Audit Partner and Paul Eastwood is promoted to Tax Partner. Brian Bethell has worked in the Jersey office for over 13 years providing audit and professional services ...     [read more]

    By KPMG on  1 October 2021 
  • Carey Olsen advises Peel Hunt on London listing

    CareyOlsen logo_jul19Carey Olsen's corporate practice has advised Peel Hunt, a leading UK mid and small-cap focused investment bank, on its initial public offering (IPO) on the London Stock Exchange (LSE). Listed on the AIM market of the LSE, the IPO has raised gross proceeds of £112 million, which values the...     [read more]

    By Carey Olsen on  1 October 2021 
  • UAP Group completes acquisition of Concept Group

    UAP GroupTrust and pensions provider, The UAP Group has completed its purchase of Concept Group in Guernsey . The acquisition of Concept, which was established in 2004, will further enhance UAP’s scale and capabilities, with the business becoming one of the largest pension providers in Guernsey, ...     [read more]

    By Black Vanilla on  1 October 2021 

« September 2021

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