Ocorian has announced the appointment of Carole Murphy as Chief Operating Officer, based in London.
As COO, Carole is responsible for leading Ocorian’s global IT and operations functions at a time of major business growth and transformation.
She joins the firm from Capgemini, where she...
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By Ocorian on
29 October 2021
In a first for offshore law, Ogier has voluntarily published its pay gap data as part of the firm's commitment to diversity and inclusion (D&I).
The pay gap is the difference between the average earnings of men and the average earnings of women. It does not relate to equal pay, which concer...
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By Crystal PR on
29 October 2021
IoD Guernsey’s November breakfast seminar will explore how directors should consider and report on climate risks and opportunities and broader material ESG factors.
The session will focus on best practice in climate reporting, including disclosures aligned to the recommendations of the...
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By Black Vanilla on
28 October 2021
Butterfield Bank has announced its financial results for the third quarter of 2021, ended 30 September.
Net income for Q3 was $39.8m, compared with net income of $39.6m for the previous quarter and $30.5m for Q3 2020.
Core net income for Q3 2021 was $40m, compared with $40.1m for the previou...
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By BL Global on
28 October 2021
Crestbridge has appointed Mike Edward as Chief People Officer, based in Jersey.
In his new role, Mike will be responsible for implementing plans to support Crestbridge’s international growth objectives and meet evolving compliance, regulatory and legislative obligations across each of the fir...
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By Crystal PR on
27 October 2021
Walkers' Jersey team has advised digital-first care company Babylon Holdings on its definitive merger agreement with Alkuri Global Acquisition Corp, a special-purpose acquisition company.
The transaction was approved on 20 October by Alkuri's shareholders. Babylon's Class A ordinary sha...
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By Walkers on
27 October 2021
Lawyers from Carey Olsen's Guernsey corporate team have advised Development Partners International (DPI) on the establishment of African Development Partners III Fund, one of the largest funds ever raised to invest in global capital in Africa.
ADP III, which has exceeded its $800m target,...
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By Carey Olsen on
26 October 2021
Apex Group has announced two senior Jersey appointments – Paul Monahan as Head of Corporate Services and Chantal Slabber as Head of Client Services and Operations.
In his new role, Paul will be responsible for driving the continued development and growth of Apex’s corporate servic...
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By Apex Group on
26 October 2021
MJ Hudson Group, which provides services to the asset management industry and has offices in Jersey and Guernsey, has received full regulatory approval from the Guernsey Financial Services Commission for its acquisition of Saffery Champness Fund Services (SCFL).
The acquisition of SCFL, ...
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By MJ Hudson on
25 October 2021
Acting for the partners of the Medical Specialist Group (MSG), Savills Private Finance (SPF) has brokered a £7m deal to purchase Alexandra House and Mill House in St Martin's, Guernsey.
Alexandra House and Mill House were built by the founding doctors of MSG under the banner Vignon Proper...
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By Hamilton Brooke on
25 October 2021
Ogier private wealth specialist Henry Wickham has been sworn in as a Notary Public in Jersey.
Henry, a former Chair of the STEP Jersey branch, has served as Counsel at Ogier since August 2019.
Prior to this, he spent almost a year on secondment as Senior Legal Counsel at HSBC, after almost ni...
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By Ogier on
25 October 2021
The Jersey Financial Services Commission has published updated versions of Appendices D1 and D2 of the AML/CFT Handbook, taking into account the Financial Action Task Force (FATF) statements of 21 October regarding countries and territories.
Countries and territories listed under Sources 1 and 2 of...
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By Jersey Financial Services Commission on
25 October 2021
HSBC has published the results of its 14th annual Expat Explorer study – a global survey of more than 20,000 people who live and work abroad – which indicates that 65% of expats feel optimistic about the year ahead despite the volatility of the past 18 months.
The key reason f...
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By Crystal PR on
22 October 2021
Prosperity 24/7 is running a series of free-to-attend events in November, both online and in person, to help businesses make the most of emerging digital technology.
• 3 November: Reduce Sleepless Nights with Cybersecurity through the Power of AI, at the Royal Yacht Hotel
Hosted by ...
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By goldenthread marketing on
22 October 2021
Chambers UK has released its 2022 rankings, which include those for law firms across Jersey and Guernsey. Here, we focus on the corporate and finance sector in both islands, but the full set of practice areas can be found in the drop-down menus here
JERSEY
Offshore: corporate and finance
&bul...
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By BL Global on
22 October 2021
Law At Work has announced a free-to-attend session exploring the future world of work.
Using lessons learned over the past 18 months, the session will ask: how does hybrid working really work in a post-Covid world?
It will also consider occupational risks such as mental health and wellbeing, data ...
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By Law At work on
22 October 2021
Guernsey has approved its first cryptocurrency fund, after the Guernsey Financial Services Commission (GFSC) authorised Jacobi Asset Management to launch the world’s first Tier 1 Bitcoin exchange-traded fund (ETF).
The fund, approved on 15 October, is available to institutional investors.&nbs...
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By Guernsey Finance on
21 October 2021
Professional 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...
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By Crystal PR on
21 October 2021
Appleby has appointed Leona Maharaj and Damian de Klerk as Associates in its Corporate team in Guernsey.
Leona was admitted as an Attorney of the High Court of South Africa in 2014, having trained and qualified at commercial law firm Webber Wentzel.
She subsequently spent five years in the b...
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By Appleby on
21 October 2021
TMF 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...
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By TMF Group on
19 October 2021
The 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...
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By TISE on
19 October 2021
The 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 ...
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By Gwyn Garfield-Bennett on
19 October 2021
Financial 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...
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By Narrative UK on
18 October 2021
The 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. ...
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By Black Vanilla on
18 October 2021
Appleby 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...
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By Appleby on
18 October 2021
Invicta 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...
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By Candice Vermeulen on
15 October 2021
EY 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, ...
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By EY on
14 October 2021
Statistics 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...
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By Government of Jersey on
14 October 2021
Ogier'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...
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By Crystal PR on
14 October 2021
Crestbridge 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 ...
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By Crystal PR on
14 October 2021
The 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...
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By Crystal PR on
13 October 2021
The 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...
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By TISE on
13 October 2021
Guernsey-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...
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By Enness Global on
13 October 2021
RBS 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 ...
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By Liquid on
13 October 2021
Ogier 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,...
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By Crystal PR on
13 October 2021
HSBC 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 ...
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By Crystal PR on
12 October 2021
The 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 ...
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By We Are Guernsey on
12 October 2021
Businesses 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...
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By Crystal PR on
11 October 2021
Banking 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...
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By Walkers on
11 October 2021
The 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, ...
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By FWD Consulting on
11 October 2021
Ocorian 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 ...
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By Ocorian on
11 October 2021
Quilter 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...
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By Quilter Cheviot on
11 October 2021
Zedra 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...
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By Greentarget on
11 October 2021
Redwood’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...
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By Guernsey Financial Services Commission on
11 October 2021
The 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, ...
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By Guernsey Financial Services Commission on
8 October 2021
We 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...
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By We Are Guernsey on
8 October 2021
There 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...
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By BL Global on
8 October 2021
The 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...
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By Unquote on
8 October 2021
JTC 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...
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By Crystal PR on
7 October 2021
Walkers 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...
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By Walkers on
7 October 2021
Guernsey 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...
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By Oi on
7 October 2021
HSBC’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...
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By Crystal PR on
7 October 2021
Jersey-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...
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By SystemLabs on
6 October 2021
Brooks 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...
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By Crystal PR on
6 October 2021
Sales 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...
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By Carey Olsen on
6 October 2021
Jersey-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...
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By Sancus on
6 October 2021
The 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 ...
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By Guernsey Financial Services Commission on
6 October 2021
Crestbridge 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...
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By Crystal PR on
5 October 2021
A 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 ...
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By Jersey Finance on
5 October 2021
Guernsey 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 ...
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By Black Vanilla on
5 October 2021
This 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...
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By BL Global on
5 October 2021
The 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...
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By TISE on
4 October 2021
The 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...
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By BL Global on
3 October 2021
EY 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...
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By EY on
3 October 2021
The 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...
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By States of Jersey on
1 October 2021
KPMG 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 ...
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By KPMG on
1 October 2021
Carey 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...
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By Carey Olsen on
1 October 2021
Trust 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, ...
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By Black Vanilla on
1 October 2021