Business News Archive

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June  2012  (109)

  • Consultation on Additional Information Gateways

    Today, the Jersey Financial Services Commission (the “Commission”) has issued a consultation paper which contains proposals for additional statutory information gateways. The regulatory laws that the Commission operates under state that non-public information that the Commission obtains in the cour...     [read more]

    By Jersey Financial Services Commission on  29 June 2012 
  • Ogier act in one of 2012's largest UK commercial property deal

    Ogier recently acted for institutional investors on the purchase of One Plantation Place, one of the largest office buildings in the City of London, in a transaction valued at around $759 million. This is thought to be one of the largest UK commercial property deals of 2012 to date. Situated in the ...     [read more]

    By Ogier on  28 June 2012 
  • Management changes at Ogier

    Ogier have announced management changes to its Jersey based executive team with a new Group Chief Operating Officer and a new Finance Director. Aaron Le Cornu (pictured top) has been appointed as Group Chief Operating Officer, replacing Helen Bunbury who is returning to her native Dublin. Aaron w...     [read more]

    By Ogier on  28 June 2012 
  • Professional Mentoring Service Launched by Thomas & Dessain

    Bob Cook and Rosy DessainOne of Jersey’s most respected education professionals and a leading recruitment specialist have combined their skills to launch a ground-breaking service that will play a key role in the development of a more highly skilled workforce for the island. Bob Cook, former headmaster at Victoria College a...     [read more]

    By Orchid Communications on  28 June 2012 
  • ESMA proposes remuneration guidelines for alternative investment fund managers

    The European Securities and Markets Authority (ESMA) has published today a consultation paper on proposed Guidelines on remuneration of alternative investment fund managers (AIFMs). ESMA’s future guidelines will apply to managers managing alternative investment funds (AIFs) including hedge funds, pr...     [read more]

    28 June 2012 
  • New Opportunity for Jersey Shipping Gets Formal Endorsement

    Good progress was made at the recent Red Ensign Conference towards the further development and growth of the Jersey Shipping Register. The annual conference was held this year in the Isle of Man, bringing together 13 Crown Dependencies and UK Overseas territories entitled to register vessels under ...     [read more]

    By States of Jersey Communications Unit on  28 June 2012 
  • HSBC joins forces with Jersey International Business School to offer programme for ‘Future Leaders’

    HSBC is to launch a brand new scheme to give young people in Jersey the opportunity to study for a professional qualification while gaining industry experience. The ‘HSBC Future Leaders Programme’ will see the Bank form a partnership with the Jersey International Business School, giving A-Level sch...     [read more]

    By Crystal PR on  28 June 2012 
  • Jersey IT expert to speak in China

    Jersey IT expert to speak in ChinaSimon Brown, a local software developer and independent consultant, will be presenting two sessions at the International Architect Summit 2012 that is taking place in Shenzhen, China. "ArchSummit 2012", organised by InfoQ China, is aimed at IT architects and covers topics ranging from the latest tec...     [read more]

    28 June 2012 
  • Guernsey insurance-linked strategies fund raises £40m.

    Robin Fuller-Dexion CapitalDCG IRIS Limited, a Guernsey investment company investing in insurance-linked strategies has raised in excess of £40m, despite the continuing challenges of market conditions. The Company is a feeder fund, investing its assets in the CS IRIS Low Volatility Plus Fund, which is managed by Credit Suisse...     [read more]

    By Orchard PR on  28 June 2012 
  • Bedell Cristin advises Deutsche Bank on cross-border merger

    Bedell Cristin Guernsey and Bedell Cristin Jersey have advised Deutsche Bank on the cross-border amalgamation (merger) of one of its licensed Jersey trust company businesses into one of its Guernsey fiduciary licensee companies using innovative new procedures under Jersey and Guernsey companies law....     [read more]

    By Liquid PR on  27 June 2012 
  • New Managing Director at Sovereign Trust (CI) Ltd

    Sovereign TrustFounder member of the Guernsey office of the worldwide Sovereign Group, Stephen Hare, is appointed Managing Director. Mr Hare joined Sovereign in April 2004 as Legal Counsel to the Group’s Gibraltar office. In 2007 he was appointed to the Board, with responsibility for legal, compliance and client...     [read more]

    By Coast Media on  27 June 2012 
  • Diploma in Crime and Intelligence Analysis course – a first for the Islands

    Diploma in Crime and Intelligence Analysis course – a first for the IslandsCorporate Risk Solutions Limited (CRS) has teamed up with A1 Intelligence Training to offer the Diploma in Crime & Intelligence Analysis.The course starts at the end of July and will be delivered in Guernsey over a 12-month period divided into three distinct units.The Diploma is ideal for anyone pur...     [read more]

    By Trish Grover, TG Communications on  27 June 2012 
  • Santander Private Bank Jersey Announces Consultation Period

    A spokesman for Santander said: “A formal consultation period has commenced with staff to review proposed plans and provide feedback on 15 existing roles and the creation of 13 new roles. We have consulted with the union and will be communicating the agreed outcome of the consultation in July. We do...     [read more]

    27 June 2012 
  • Ogier win prestigious Lawyer Award

    Ogier were announced as the winners of the prestigious Offshore Law Firm of the Year award at the Lawyer Awards on Tuesday 26 June 2012. The Lawyer Awards celebrate excellence in the legal profession and were announced at a ceremony attended by over 800 people at London's Grosvenor House Hotel. N...     [read more]

    By Ogier on  27 June 2012 
  • Guernsey helping Chinese funds sector

    Guernsey’s expertise within the funds industry is being utilised by the Chinese Government and the country’s fund managers to enhance the way its own funds sector is operated and regulated. Guernsey-headquartered International Administration Group (IAG), which formed a partnership with Exceedor in ...     [read more]

    By Orchard PR on  27 June 2012 
  • The world economy in “3D”

    Despite a first quarter rally, investors have been hit with a reality check of the issues facing the global economy – the three Ds: debt, deficits, and downgrades. This is the view of Mouhammed Choukeir (pictured), Chief Investment Officer at Kleinwort Benson, who believes financial markets are ca...     [read more]

    By Kleinwort Benson on  27 June 2012 
  • Bedell Partner recognised as ‘Best in Offshore’ at Europe Women in Business Law Awards

    Jersey lawyer Zillah Howard has been awarded ‘Best in Offshore’ at the Europe Women in Business Law Awards organised by the Euromoney Legal Media Group. Zillah, a partner at Bedell Cristin with almost 25 years’ experience in the offshore finance industry, is a specialist lawyer with Bedell Cristin’...     [read more]

    By Crystal PR on  27 June 2012 
  • Pacific Fund Systems to Host Roadshow Events in Jersey and Guernsey

    Pacific Fund Systems LogoPacific Fund Systems (PFS), a leading provider of technology to the fund administration and fund management industry, will be holding two half-day events in each of Jersey and Guernsey in July 2012. PFS-PAXUS, PFS’s fully integrated share registry/fund accounting system is used by a large number of ...     [read more]

    27 June 2012 
  • More growth in Guernsey for C5 Alliance

    Channel Islands IT consultancy C5 Alliance has added a further three experienced consultants to its team in Guernsey. Paul Shell, Roger Hill and Richard Edwards have each joined the senior consultancy team at C5 Alliance and will be based in the company’s Guernsey office at La Plaiderie House. Mr Sh...     [read more]

    By Orchard PR on  27 June 2012 
  • Cable & Wireless Welcomes The Release Of Jersey Telecom’s Separated Accounts

    Cable & Wireless Welcomes The Release Of Jersey Telecom’s Separated AccountsThe CICRA’s announcement that Jersey Telecom will now be releasing audited separated accounts is welcome news for Jersey’s telecommunications industry as a whole and is one step further towards the establishment of a level playing field in the telecoms market across the Channel Islands. As a result ...     [read more]

    By Edge Media on  27 June 2012 
  • EFG Securities Services appointed to Index Ventures’ new €350m Fund

    EFG Securities Services appointed to Index Ventures’ new €350m FundChannel Islands based fund administrator EFG Securities Services is proud to announce its appointment as full service provider to Index Ventures’ new fund.Index Ventures VI is a Jersey domiciled Venture Capital fund which has raised EUR 350m in commitments from international investors and will make ...     [read more]

    By Neil Ginnis, EFG Offshore Limited on  26 June 2012 
  • Senior promotion at Saffery Champness, Guernsey

    Jeremy Ellis-Saffery ChampnessSaffery Champness in Guernsey has promoted Jeremy Ellis to audit partner in a senior strategic move aimed at strengthening the professional services offering of the firm. Mr Ellis, a Fellow of the Association of Chartered Certified Accountants, has worked with Saffery Champness for six years and ha...     [read more]

    By Orchard PR on  26 June 2012 
  • Web award for Blix and Livingroom

    Blix logoGuernsey company, Blix, has won the Umbraco award for Best Web Design at the annual Codegarden conference in Copenhagen for the team’s design and development of Livingroom Estate Agent’s website www.livingroom.gg. Every year in Copenhagen designers and developers from around the world, who use the ...     [read more]

    By Orchard PR on  26 June 2012 
  • Public Relations Merger Reflects Current Marketing Climate

    The Refinery Public Relations and ESPR have joined forces and merged skill sets to create a premier Public Relations service for the Channel Islands. The principles, Emma Snow (32) and Natasha Egré (28), both Public Relations Directors, have previously worked independently to service clients across ...     [read more]

    By Emma Snow, ESPR on  26 June 2012 
  • Aon makes key appointments to the Board of Aon Insurance Managers (Guernsey) Ltd

    Aon LogoAon, (NYSE: AON) the leading global provider of risk management insurance and reinsurance brokerage is pleased to announce the recent appointments of John Rowson and Stuart Brown to the Board of Aon Insurance Managers (Guernsey) Limited, the largest captive and insurance management operation in Euro...     [read more]

    By Aon on  26 June 2012 
  • CICRA consults on postal quality of service

    CICRAThe Channel Islands Competition and Regulatory Authorities (CICRA) have launched its first pan-Channel Islands consultation on the measure of the quality of postal services in Guernsey and Jersey with the aim of implementing a joint approach to regulating the services. The consultation, launched aft...     [read more]

    By Orchard PR on  26 June 2012 
  • State Street Appointed by Emirates National Bank of Dubai Asset Management

    State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has been appointed by Emirates NBD’s Jersey management and fund companies to provide fund administration and custody services for their conventional an...     [read more]

    By Crystal PR on  25 June 2012 
  • IoD Debate to focus on Jersey in a digital age

    The challenges and opportunities for Jersey in developing a digital business sector will form the focus of the Institute of Directors’ Annual Debate in Jersey this year. Entitled ‘The BIG Idea: could Digital Jersey be the catalyst for a new pillar to our economy?’, the event, once again sponsored by...     [read more]

    By Crystal PR on  25 June 2012 
  • Jersey representatives to raise Island profile at Innovate Israel

    As a follow up to the recent trade delegation visit to Israel, representatives from the Island will be attending Innovate Israel 2012 on Tuesday 26th June in London. Innovate Israel is the UK’s foremost conference connecting more than 350 innovative Israeli web, mobile and digital entrepreneurs and ...     [read more]

    By Orchid Communications on  25 June 2012 
  • Chartered Financial Analyst joins DPZ Capital investment team

    Rohit Aluwhalia-DPZ CapitalDPZ Capital is pleased to announce that Rohit Aluwhalia (pictured) has joined the firm as part of its core strategy to deliver consistent and measurable performance by a team of experienced and internationally regarded individuals.A Charter member of the CFA, Mr Aluwhalia is a highly qualified inves...     [read more]

    By Orchid Communications on  25 June 2012 
  • Carey Olsen wins Channel Islands’ Law Firm of the Year award

    Carey Olsen has been awarded the Full Service Law Firm of the Year award for the Channel Islands by ACQ, a premier global mergers and acquisitions magazine. Launched in 2004, ACQ magazine is a respected publication servicing the corporate finance sector. The ACQ Global Awards have presented accolade...     [read more]

    By Orchard PR on  25 June 2012 
  • Five employees celebrate exam success at Heritage

    Heritage Exam SuccessHeritage Insurance Management has announced that five of its employees have successfully completed insurance examinations. Celebrating their success are Vanessa Cloarec, part of the treasury and accounting team, who has obtained the International Diploma in Financial Administration; insurance team ...     [read more]

    By Crystal PR on  25 June 2012 
  • Channel Island photography business takes to the sky

    ESSI Sam FieldChannel Island businesses can now take to the sky for images and video footage thanks to a brand new aerial imaging business. Earth Sea Sky Images (ESSI) is the first video and still photography business to operate a remote aerial vehicle in the Channel Islands and ESSI’s Sam Field is just one of 6...     [read more]

    By Orchard PR on  22 June 2012 
  • Recognizing excellence in the built environment

    Recognizing excellence in the built environmentHLG Associates Limited has been awarded Chartered Building Consultancy status by the Chartered Institute of Building (the CIOB).Chartered Building Consultancy (CBC) status requires the highest qualifications and training criteria for all employees engaged in any aspect of construction management and...     [read more]

    By Guy Le Maistre, ExposurePR on  22 June 2012 
  • Brilliant results in the Diamonds for Jubilee competition

    Brilliant results in the Diamonds for Jubilee competitionHettich Jewellers say they have been ‘overwhelmed’ by the response to their Diamonds for Jubilee competition which asked members of the public to create a design for a piece of jewellery to celebrate the Queen’s Jubilee. Entries for the competition, which was open to anyone over the age of 16, have ...     [read more]

    By Sarah Cilliers on  22 June 2012 
  • Submission deadline for corporate entries only a week away!

     Submission deadline for corporate entries only a week away!There is only a week left before submissions have to be in for this year’s Customer Service Awards.Alongside the individual employee categories for which the Guernsey public has been busy voting, this year there are four categories available for companies to shout about their successes in Customer S...     [read more]

    By Trish Grover, TG Communications on  22 June 2012 
  • PBS Group Launches Insurance Business

    PBS InsurancePBS Group continues to expand with the launch of its new insurance arm, PBS Insurance Limited. The business has been formed in a partnership between PBS Group Managing Director Tony Le Tiec, insurance expert Si Aziz and former Acorn Mortgages director, Steve Ryan. PBS Insurance Limited, which is re...     [read more]

    By Orchid Communications on  21 June 2012 
  • Carey Olsen partner Russell Clark named as Best of the Best

    Carey Olsen deputy managing partner Russell Clark (pictured) has been named as one of the ‘Best of the Best’ legal advisors for trusts and estates in the latest Legal Media Group Expert Guide for 2012. The publication features only individuals nominated by their clients and peers as leading practit...     [read more]

    By Orchard PR on  21 June 2012 
  • Appleby Announce Regulatory Advice Team in Jersey

    Appleby is pleased to announce the formation of a dedicated Regulatory Advice Team. The team provides advice to local and international clients on regulatory and investigatory matters in Jersey. Commenting on the development Mark Lewis (pictured), Partner at Appleby said “Appleby has always offered...     [read more]

    By Appleby on  21 June 2012 
  • Guernsey Awards for Achievement Launched

    Guernsey Awards for Achievement 2012Guernsey’s Awards for Achievement 2012 has been launched with a brand new look. Four new business awards have replaced the Best Small, Medium and Large Awards and the Excellence in Training Award. The overall business award sponsored by the Commerce & Employment Department, the Guernsey Business...     [read more]

    21 June 2012 
  • Jersey software developer to run workshop at BCS Software Practice Advancement conference

    Jersey software developer to run workshop at BCS Software Practice Advancement conferenceJersey-based software developer Simon Brown has been selected to run a workshop at the upcoming British Computer Society (BCS) Software Practice Advancement (SPA) conference. From the BCS SPA conference website:"The annual BCS Software Practice Advancement conference brings together experts and prac...     [read more]

    21 June 2012 
  • Jersey Chief Minister's statement on aggressive tax planning schemes

    The Chief Minister, Senator Ian Gorst, has issued the following statement: "Jersey has held the view for many years that our reputation as a successful international finance centre should be built on the range and quality of the financial services offered to the world at large, alongside a firm poli...     [read more]

    By States of Jersey Communications Unit on  21 June 2012 
  • Hawksford recognised as Top 25 Trust Company for third year in succession

    Hawksford has been recognised as a leading trust company in the prestigious 2012 Private Client Practitioner Top 25 Trust Companies List for the third year in succession.'We are delighted to have been recognised once again by Private Client Practitioner. It is testament to the hard work and continui...     [read more]

    By Lisa Gutcher, Liquid on  21 June 2012 
  • RBC Wealth Management Trust and Fiduciary Services Business Among Top 25 Trust Companies

    RBC Wealth Management’s British Isles Trust and Fiduciary Services business has been named on Private Client Practitioner’s list of the Top 25 Trust Companies for the second successive year. In assessing the entries, the judges looked at the volume and variety of the assets under administration, t...     [read more]

    By Greentarget on  20 June 2012 
  • Bedell Trust features in Top 25 Trust Companies globally for third consecutive year

    Bedell Trust has been selected as one of the 'Top 25 Global Trust Companies' in the Private Client Practitioner list for 2012. Produced by the publishers of eprivateclient magazine, one of the foremost publications in the wealth management sector, the list is compiled on the basis of a range of ind...     [read more]

    20 June 2012 
  • Appleby Acts on Two of the Largest Leveraged Buyout Deals this Year

    Leading offshore legal services provider Appleby, has advised a number of leading banks on two of the largest leveraged buyout deals recorded this year. Appleby acted for Barclays Capital and Goldman Sachs International in both Jersey and Guernsey in connection with the financing of Terra Firma’s £...     [read more]

    By Appleby on  20 June 2012 
  • Jersey Property Market is robust enough to survive economic challenges

    Paul DeveauJersey’s property market is inherently stable and robust enough to survive the continuing economic uncertainty, according to a local property expert. Paul Deveau (pictured), Conveyancing Manager at law firm Benest & Syvret, says that although the on-going nervousness in global markets will conti...     [read more]

    By Orchid Communications on  20 June 2012 
  • Asda's fashion brand George opens first pilot franchise store in Jersey

    One of the United Kingdom’s largest volume retailers will open in Liberty Wharf tomorrow (Thursday). George, Asda’s clothing retailer specialise in quality, style and value in women's clothing, men's clothing, children’s clothes, school uniforms, baby clothes and shoes. The store will be located wit...     [read more]

    By Addendum PR on  20 June 2012 
  • Guernsey First Quarter 2012 Labour Market Bulletin

    The States of Guernsey has today published the First Quarter 2012 Labour Market Bulletin. States of Guernsey Economist, Dr Andy Sloan, said: "This is the first quarter labour market bulletin, this is our first sight of the employment numbers which together with the unemployment numbers (that are pu...     [read more]

    20 June 2012 
  • G20: Global Forum and OECD report steady progress in international tax co-operation

    Steady progress is being made towards tackling tax evasion more effectively, according to reports presented to G20 leaders at their summit in Los Cabos, Mexico yesterday. A report by the Global Forum on Transparency and Exchange of Information for Tax Purposes says significant progress has been made...     [read more]

    20 June 2012 
  • Chinese trust delegation visits Guernsey

    A delegation of nearly 30 officials and practitioners from the Chinese trust sector has visited Guernsey to find out more about doing business in the Island. The delegation was led by Wang Lijuan, Vice President of the non-banking supervisory department at the China Banking Regulatory Commission (C...     [read more]

    By Orchard PR on  19 June 2012 
  • Fairbairn Private Bank retains title of Best International Wealth Provider

    Fairbairn Private Bank has been voted Best International Wealth Provider for the fourth year running in the Professional Adviser International Fund and Product Awards 2012. The awards, which are in their 13th year, are judged by an independent panel of industry practitioners and experts. There were ...     [read more]

    By Isle of Man Advertising & PR on  19 June 2012 
  • Jersey Finance comments on articles in The Times newspaper

    Responding to articles in today’s edition of The Times, Geoff Cook, CEO of Jersey Finance, said: “While we cannot comment on specific schemes, which are a matter for HM Revenue & Customs (HMRC) to consider and review, Jersey’s position on tax evasion is very clear; tax evasion is illegal in Jers...     [read more]

    By Crystal PR on  19 June 2012 
  • HSBC Announce Series of Senior Management Appointments in Jersey

    HSBC have a new Senior Management Team in place to lead the Corporate, Commercial and Business Banking services provided locally. Gary Drinkwater who has worked in the banking industry for more than 35 years, first with Midland Bank and then HSBC, has been appointed Regional Corporate and Commerci...     [read more]

    By Crystal PR on  19 June 2012 
  • Livingroom wins Bill Green award for innovation

    LivingroomGuernsey estate agent Livingroom has won the Chamber of Commerce Young Business Group’s Bill Green Award for innovation, jointly with The Learning Company. Livingroom clearly demonstrated significant leaps forward in innovation since it was established six years ago in 2006. The agency invented new...     [read more]

    By Orchard PR on  19 June 2012 
  • CICRA hosts competition law breakfast briefing for Guernsey businesses

    CICRAThe Channel Islands Competition and Regulatory Authorities (CICRA), with the Guernsey Commercial Bar Association, have invited Guernsey’s business community to take part in a breakfast briefing on the new Guernsey competition law, due to be introduced on 1 August. The new law will prohibit certain a...     [read more]

    By Orchard PR on  18 June 2012 
  • JT launches new product to reduce Islanders roaming costs

    JT has launched an innovative new roaming solution for Channel Islanders travelling abroad. The new JT Travel SIM product can help customers better manage roaming charges and is ideally timed with the holiday season approaching. The JT Travel SIM can be purchased for a one-off cost of just £2.99 an...     [read more]

    By Direct Input on  18 June 2012 
  • Carey Olsen employment team boosted by exam success

    Carey Olsen employment lawyer Rachel Richardson has become the first lawyer in Guernsey to successfully complete a Master of Law degree in employment law. This month, Ms Richardson, an associate at Carey Olsen, completed the two year qualification through De Montfort University in Leicester. She s...     [read more]

    By Orchard PR on  18 June 2012 
  • New Close Finance FLEXI-DRAFT offers a helping hand to businesses in need of cash

    Close LogoLocal businesses of all sizes now have the opportunity to get their hands on a much-needed boost to their cash flow thanks to a new flexible, funding facility launched today by Close Finance.Economic conditions in the Channel Islands currently look bleak, with unemployment levels at a record high, a...     [read more]

    By Ruby PR on  15 June 2012 
  • C5 boosts team with three new consultants

    Three consultants have recently joined C5 Alliance in Jersey, further strengthening the IT consultancy’s client service offering. David Scambler brings over 17 years of IT industry experience to the firm and joins as a senior consultant. He specialises in desktop and server deployment methodologies ...     [read more]

    By Orchard PR on  15 June 2012 
  • New bank funding schemes won’t make businesses want to borrow

    Responding to the liquidity and ‘funding for lending’ schemes announced by the Chancellor and the Governor of the Bank of England last night, Graeme Leach, Chief Economist at the Institute of Directors, said: “Facing a bombardment from the euro zone the Chancellor and Governor are calling up the re...     [read more]

    15 June 2012 
  • Collas Crill facilitates estate planning debate in Singapore

    Collas Crill is facilitating debate on estate planning among industry leaders in Singapore. Collas Crill is the first and only Channel Island law firm to open an office in Singapore, having launched there in August 2011. Head of Collas Crill Singapore, Sean Cheong, said: "We have a strong trust and ...     [read more]

    By Collas Crill on  14 June 2012 
  • Corporate Risk Solutions launches Risk Breakfast Briefings

    Corporate Risk Solutions launches Risk Breakfast BriefingsThe first in a series of Breakfast briefings by CRS will look at current Risk Management issues facing the local finance sectorThe briefings will be lead by CRS Managing Director, Darren Wadley. Darren will be looking at a number of topics that are particularly relevant to the financial services ind...     [read more]

    By Trish Grover, TG Communications on  14 June 2012 
  • Grand Jersey executive head chef wins prestigious Craft Guild of Chefs Award

    Grand Jersey executive head chef wins prestigious Craft Guild of Chefs AwardRichard Allen, executive head chef at Grand Jersey, has won the Restaurant Chef of the Year category at the prestigious Craft Guild of Chefs Awards.The awards took place last night (Wednesday 13th June) at Wembley Stadium. More than 680 key people from the industry attended the event to see 17 chefs...     [read more]

    By Lisa Gutcher, Liquid on  14 June 2012 
  • JTC Group named as one of the Top 25 Trust Companies

    JTC GroupJTC Group has been named as one of the Top 25 trust companies operating in the UK and the Crown Dependencies of Jersey, Guernsey and the Isle of Man. The list of stand-out businesses, produced by leading industry title Private Client Practitioner, was compiled following research into performanc...     [read more]

    By JTC Group on  14 June 2012 
  • UK Government sets out plans to split retail and investment banking

    The Government has today published a White Paper setting out proposals to fundamentally reform the structure of banking in the UK. The White Paper, which details how the Government will implement the recommendations of the Independent Commission on Banking (ICB), offers further detail on plans to se...     [read more]

    14 June 2012 
  • Collas Crill appoints new fiduciary partner

    Channel Islands law firm Collas Crill is continuing to invest in its fiduciary practice with the appointment of a new partner to its Jersey office. Mason Birbeck (pictured) joined Collas Crill on 1 June from Bedell Cristin. Mason is a Jersey Advocate specialising in trusts, foundations and relat...     [read more]

    By Collas Crill on  14 June 2012 
  • CICRA appoints new chief executive

    Andrew RiseleyThe Channel Islands Competition and Regulatory Authorities (CICRA) have appointed Andrew Riseley (pictured) as chief executive, replacing John Curran who steps down at the end of June. CICRA, which encompasses the Guernsey Competition and Regulatory Authority (GCRA), formerly known as the Office of ...     [read more]

    By Orchard PR on  14 June 2012 
  • Standard Bank named ‘Best Expatriate Bank’

    For the third time in four years Standard Bank Offshore has been honoured in the annual International Fund and Product Awards, organised by leading industry publication Professional Advisor. For the third year Standard Bank has been named ‘Best Expatriate Bank’ (previously titled ‘Best Internationa...     [read more]

    By Direct Input on  14 June 2012 
  • Senior hire for Corporate Risk Solutions

    CRS LogoCorporate Risk Solutions (CRS), leading Guernsey provider of risk management services, has appointed Marc Guille as Senior Compliance and Risk Analyst.Marc moves to CRS from one of Guernsey’s largest private banks, where he was a Business Analyst focusing on new client take on processes and undertak...     [read more]

    By Trish Grover, TG Communications on  14 June 2012 
  • Jersey named Best IFC at International Fund and Product Awards 2012

    For the third consecutive year, Jersey has been named ‘Best International Finance Centre’ at the 13th International Fund and Product Awards 2012, organised by media group Incisive Media. The judging panel, consisting of independent industry practitioners and experts, took into consideration a number...     [read more]

    By Crystal PR on  14 June 2012 
  • Guernsey twice as buoyant about the economy compared to Jersey according to banking survey

    Guernsey twice as buoyant about the economy compared to Jersey according to banking surveyThe risk appetite of islanders has remained steady over the last 12 months even though their belief in the economy has decreased, according to a consumer confidence survey by a leading specialist bank. Investec Specialist Bank (Channel Islands) Limited, which has offices in Guernsey and Jersey, cond...     [read more]

    13 June 2012 
  • Skipton International launches new edition of popular 12 month bond paying 3.20% gross AER

    • 1 Year offshore sterling bond paying 3.20% gross p.a./AER • Fixed rates of interest • Monthly interest options available 3.15% gross p.a./3.20% AER over 12 months Skipton International Limited has launched a further edition (9) of its popular 12 month fixed rate International Reserve Bond payi...     [read more]

    By Nacelle on  13 June 2012 
  • Rossborough Staff Elected CII Associates

    Dan Edmunds and Vanessa Lee-RossboroughVanessa Lee and Dan Edmunds have been elected an Associate of the Chartered Insurance Institute and have both attained the title of Chartered Insurance Broker, having completed the Advanced Diploma in Insurance. Miss Lee, an Account Executive at RA Rossborough (Insurance Brokers) Limited, is a forme...     [read more]

    By Image Group on  13 June 2012 
  • 2,000th contract for Geomarine

    2,000th contract for GeomarineGeomarine has celebrated completing its 2,000th contract in Guernsey.The civil engineering contactors was founded in 1998 by Ian Gilmour and Wedd Osmond. The company started with four members of staff and has grown to 57 employees, supported by sub-contractors and hired labour.‘The company’s core sp...     [read more]

    13 June 2012 
  • Walkers act in largest ever private equity transaction in the Russian power sector

    Walkers LogoWalkers, a leading international financial centre law firm, has acted as part of a team of advisers on the purchase by an international consortium of a 26.43% stake in Moscow-headquartered Enel OGK-5, a leading Russian producer of power and heat. Walkers advised the consortium, comprising Xenon Capi...     [read more]

    By Weber Shandwick on  13 June 2012 
  • Business School Launches Two New Gold Standard Qualifications

    JIBS-Thumbnail LogoFollowing on from the JFSC’s announcement last year to follow the UK’s Retail Distribution Review (RDR), members of the local finance industry have been busy studying in order to reach RFA / RDR compliance before the 2013 deadline. Therefore, the time is right to start thinking about adding a distin...     [read more]

    By Jersey International Business School on  12 June 2012 
  • Commitment and continuity key to STEP Guernsey success

    After six years as chairman of the Guernsey branch of the Society of Trust and Estate Practitioners, Alison MacKrill has been succeeded by Paul Hodgson. Mrs MacKrill, a Senior Associate in the Fiduciary Law Group at Carey Olsen, leaves the local branch in very good order, with more than 700 members,...     [read more]

    By Orchard PR on  12 June 2012 
  • Ardel retains position in list of top 25 trust companies

    Martyn Russell-ArdelArdel Trust Company has been named as one of the top 25 trust companies across the UK and Crown Dependencies by a leading title within the private client industry. The largest of only two Guernsey independent trust companies to feature in the Private Client Practitioner Top 25 Trust Companies 2012 l...     [read more]

    By Crystal PR on  12 June 2012 
  • Leading offshore firm Carey Olsen to offer Cayman Islands and BVI legal services

    Carey Olsen, the leading Channel Island law firm, is extending its legal service offering to include the jurisdictions of the Cayman Islands and the British Virgin Islands (BVI). Carey Olsen will offer Cayman Islands advice through an experienced team which will include Cayman Islands partners Jason...     [read more]

    By Orchard PR on  12 June 2012 
  • UK Government Launches GAAR Consultation

    The Government has today launched a formal consultation on a new general anti-abuse rule (GAAR) to tackle artificial and abusive tax avoidance schemes. This follows the Budget 2012 announcement that such a rule will be introduced in 2013. The Government is introducing the GAAR following an independ...     [read more]

    12 June 2012 
  • Jersey software developer to keynote at international IT conference

    Jersey software developer to keynote at international IT conferenceJersey-based software developer Simon Brown has been selected to deliver the opening keynote at the Software Architect 2012 conference that is taking place in London during October. The annual conference, now in its sixth year, is a technical conference for software developers and architects coverin...     [read more]

    12 June 2012 
  • Kleinwort Benson creates senior offshore role within Private Wealth Management

    Clive Wright-Kleinwort BensonKleinwort Benson has appointed Clive Wright (pictured) to the role of Head of Private Wealth Management, Offshore. Based in Jersey, Clive will report to Stephen Rothwell, Head of Private Wealth Management. Clive joined Kleinwort Benson in January 2012 from Deutsche Bank in Jersey, where he was Head...     [read more]

    By Kleinwort Benson on  12 June 2012 
  • Core Business Consultancy Announces Joint Venture with Bromley Sanders

    Bromley SandersCore Business Consultancy joins forces with BromleySanders Recruitment to strengthen the Boards of Directors in Jersey. Core Business, an independent management consultancy founded by Keith Graham last year to provide a range of specialist international business services including corporate governan...     [read more]

    11 June 2012 
  • Cazenove Capital hires for Jersey business as assets see 10% growth

    Euan Dangerfield-Cazenove JerseyCazenove Capital confirms the appointment of Paul Battams as a Portfolio Manager for their Jersey office. He joins with more than 12 years’ investment experience from Lloyds TSB Private Banking, where he was an Equity Analyst in Geneva. He previously worked in Jersey as an Investment Manager for Llo...     [read more]

    By Quill PR on  11 June 2012 
  • Guernsey well equipped for funds business from the US

    A delegation of funds professionals from Guernsey has helped spread the message in the US that the Island is well equipped to cater for private equity funds business. Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, led the team to New Yo...     [read more]

    By Orchard PR on  11 June 2012 
  • Former RBC Client Director Joins DPZ Capital

    Joe Donohoe-DPZ CapitalDPZ Capital is pleased to announce that Joe Donohoe (pictured), formerly a Private Client Director at Royal Bank of Canada has joined the firm as Principal. Mr Donohoe is the latest appointment at DPZ Capital, which has seen strong growth to date and which continues to build on the strong investment...     [read more]

    By Orchid Communications on  11 June 2012 
  • GFSC shares knowledge with Commonwealth

    The Guernsey Financial Services Commission (GFSC) is taking part in a secondment scheme arranged through the Commonwealth Secretariat to share knowledge between jurisdictions. Nathalie Dusauzay, Deputy Director of the Financial Sector Supervision Unit (FSSU) in St Lucia, has been working at the Comm...     [read more]

    By Orchard PR on  11 June 2012 
  • Dexion Capital Guernsey strengthens team

    Robin Fuller-Dexion CapitalLocal fund administration and fund management firm Dexion Capital (Guernsey) Limited has appointed Robin Fuller (pictured) as an Executive Director. Mr Fuller will work alongside the existing team of eight, which offers investment management and corporate services, and assist with their expansion. H...     [read more]

    By Orchard PR on  11 June 2012 
  • Jersey Business begins its work

    A new organisation to support the creation and development of businesses in Jersey has now formally started its work. Jersey Business will be based at 33, Gloucester Street on a temporary basis while its permanent offices are being equipped. Its role is to provide pre-start up advice and support t...     [read more]

    By Direct Input on  11 June 2012 
  • Open day on professional training options in Jersey

    The GTA University Centre is holding an open day in Jersey on Tuesday 12 June to showcase a range of courses aimed at professionals. The session will focus on courses of particular interest to people in Jersey; the MSc in Corporate Governance, the MBA, the Institute of Directors Accelerated Certific...     [read more]

    By Orchard PR on  10 June 2012 
  • Two appointees as GFSC forges ahead with operational change

    The Guernsey Financial Services Commission (GFSC) has appointed Neville Johnson as Chief Operating Officer (COO) and Tim Loveridge as Chief Transformation Officer (CTO). The post of COO is new, following the recommendation of Ernst & Young’s Independent Evaluation Review (IER) but it will incorp...     [read more]

    By Orchard PR on  8 June 2012 
  • Guernsey adopts further restrictive measures against Guinea-Bissau

    The States of Guernsey has adopted restrictive measures against certain persons, entities and bodies threatening the peace, security or stability of the Republic of Guinea-Bissau. All financial institutions and other bodies are requested to check their records to ensure they comply. The sanction...     [read more]

    By States Of Guernsey on  8 June 2012 
  • New Appointment Enables Expansion at ALX Training

    New Appointment Enables Expansion at ALX TrainingALX Training, the Channel Islands’ leading provider of workplace skills training, has appointed Roz Ibbotson as the firm’s newest trainer in a move that brings the firm up to ten staff and enables the company to expand its training services and reach more clients across the Channel Islands.Roz is an...     [read more]

    By Edge Media on  8 June 2012 
  • ekit expands its range of services with new acquisition

    ekit Inc., a JT Group company, has added to its range of travel communications services with the acquisition of pre-paid mobile communications provider Fonepool. Fonepool provides a streamlined method of purchasing mobile phone services for people moving to a new country. It also offers a selection ...     [read more]

    By Direct Input on  8 June 2012 
  • Relocation consultancy has a lot to celebrate

    Jo Stoddart and Liesl EsterhuizenQuintessential Relocation Consultants (QRC) has recently celebrated its second successful year of trading since it was first established in May 2010. The business - which provides bespoke relocation services to private individuals and corporate clients looking to move their home, staff or business t...     [read more]

    By Orchard PR on  7 June 2012 
  • IT book by Jersey author is bestseller

    IT book by Jersey author is bestseller"Software Architecture for Developers", an ebook by Jersey-based software developer Simon Brown has reached the number 1 spot on the bestseller list at Leanpub where the book is being published. Leanpub provides a service where authors can self-publish ebooks in PDF, EPUB and MOBI formats that are c...     [read more]

    7 June 2012 
  • Global economic conditions hit Guernsey bank deposits

    The value of bank deposits in Guernsey fell £6.5 billion (6.1%) in the first quarter of the year. This took the total value of deposits held by banks in Guernsey down to £101 billion at the end of March 2012, which is a decrease of £11.8 billion (10.5%) year on year. Fiona Le Poidevin, Deputy Chi...     [read more]

    By Orchard PR on  7 June 2012 
  • New President of Chambre Des Ecrivains

    Philip SyvretThe association of Jersey solicitors known as the Chambre Des Ecrivains has recently elected a new President and a new Secretary. Mr Philip Syvret (pictured) a partner at Benest & Syvret has been elected to the post of President. He takes over the role from Malcolm Le Boutillier who has acted as...     [read more]

    By Orchid Communications on  7 June 2012 
  • Last chance to nominate for 2012 Jersey Construction Awards

    Nominations for this year's Jersey Construction Awards are drawing to a close. Organisers would like to remind members of the industry wishing to put themselves forward in the nine categories – or to nominate another party – to do so by Friday 15th June. JeCC Awards Chairman Steve Jewell said that...     [read more]

    By Image Group on  7 June 2012 
  • Local Jewellers Professional Qualifications Triumph

    Rivoli JewellersLocal business, Rivoli Jewellers, is celebrating after six members of staff gained a series of Professional Diplomas from the National Association of Goldsmiths (NAG) and the Gemmological Association of Great Britain (Gem-A) during the past 12 months.Three members of staff achieved the level one Jew...     [read more]

    By Melanie mayer, Rivoli Jewellers on  6 June 2012 
  • Jersey’s funds sector shows strong growth during first quarter of 2012

    The latest figures tracing the performance of Jersey’s finance industry reveal particularly strong growth in its funds sector during the first quarter of 2012, with a 3.5% increase in the net asset value of funds under administration and a total of 1,412 funds registered, the highest figure since 20...     [read more]

    By Crystal PR on  6 June 2012 
  • Wealth can be a double-edged sword according to Wealth Insights research from Barclays

    Great wealth can cause great conflict, according to Barclays specialist Catherine Grum. Miss Grum, who is responsible for Wealth Advisory for Europe, Middle East and Africa at Barclays and is a specialist in succession planning, presented the findings of a recent report in its Wealth Insights serie...     [read more]

    By Orchard PR on  6 June 2012 
  • Communication is the key to managing absence and stress in the workplace

    Carey Olsen has advised Guernsey human resource (HR) practitioners that return to work interviews were the single most effective tool for managing absence and stress in the workplace. More than 60 delegates attended the seminar at St James on Tuesday 29 May. Carey Olsen litigation partner Mark Duns...     [read more]

    By Orchard PR on  6 June 2012 
  • Reliability is Sure’s priority

    Reliability is Sure’s priorityIslanders using the Sure mobile network will enjoy greater islandwide call reliability as the communications firm targets the last remaining mobile coverage blackspots to ensure it offers the most reliable and far reaching 3G network in Jersey.After an extensive survey of its network, Sure found tha...     [read more]

    By Kirsten Morel on  6 June 2012 
  • Carey Olsen continues to lead offshore firms advising London-listed clients

    Carey Olsen has continued to make “impressive progress” alongside major UK and international law firms, moving into the top five for the total number of London stock market (LSE) clients it advises, according to the most recent (Q2 2012) All Market edition of the Morningstar Professional Services Ra...     [read more]

    By Orchard PR on  1 June 2012 
  • Touchstone Bursary for 2012 University students - deadline June 2012

    Peter Le Brocq and Greg DavisStudents who are planning to start university in September 2012 are invited to apply for the Touchstone Bursary, which includes £4,500 towards their university education, as well as paid work experience. Touchstone, the Jersey based business software and consultancy services company, is looking to ...     [read more]

    By Image Group on  1 June 2012 
  • International Asset Monitor expands with new senior hire and a Jersey branch

    Andrew WhelanDue to the continued success of the International Asset Monitor (IAM) service, Michael Strachan, Founder and Group CEO, is delighted to announce that Andrew Whelan (pictured) has joined the Group as Managing Director to establish a Jersey office. Mr Whelan has 26 years’ experience as an investment ...     [read more]

    By Orchard PR on  1 June 2012 
  • JT is ahead of Europe on data roaming rates

    Ahead of the introduction of a reduced price cap on roaming charges across Europe, JT has launched a new roaming solution to help islanders significantly reduce their data roaming costs. The new EU Regulation on roaming charges is due to come into force on 1st July 2012 and will further reduce the w...     [read more]

    By Direct Input on  1 June 2012 

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