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Guernsey’s financial services regulator has fined a locally-based trust and corporate services provider, Richmond Fiduciary Group Ltd, £45,500, after identifying what it said were a number of compliance failures in an investigation into the company that began in 2016. In a statement posted on its website, the Guernsey Financial Services Commission said it considered it “reasonable […]
Guernsey Finance, the promotional arm of Guernsey’s financial services industry, has named Adrian Norman to represent the interests of its members in London, on a permanent basis. Norman (pictured left), a Guernsey native, has some 25 years of financial services industry experience, more than 20 of which he spent on the Channel Island, Guernsey Finance […]
Guernsey is looking to position itself as the leading jurisdiction for green financial services as part of a strategy for the island’s financial services sector with a focus on “green investment.” Guernsey Finance’s acting director of strategy, Dr Andy Sloan, said that the ambition was to develop the broadest and best range of product with […]
Guernsey’s financial services industry is marking 10 years since the Trusts (Guernsey) Law came into effect – a development many in the industry remember for its innovation and farsightedness. The 2007 legislation, which replaced the Trusts (Guernsey) Law, 1989, was designed to create a more flexible framework for the local trust industry and to provide […]
Guernsey Finance Guernsey Finance, the promotional agency for Guernsey’s financial services industry, has named Dorothy Kwok to a new role in its two-year-old Hong Kong outpost. Kwok (pictured left), a native of Hong Kong, has spent the past eight years working in Guernsey’s trust and corporate services industry, most recently with Equiom, the global trust business […]
The Bank of NT Butterfield & Son is to acquire Deutsche Bank’s banking and custody businesses in the Cayman Islands, Jersey and Guernsey, the Bermuda-based institution founded by Nathaniel Butterfield in 1758 has announced. The announcement comes four months after the bank said it was buying Deutsche Bank’s Global Trust Solutions business, excluding its US […]
Maitland has announced that it will expand its existing presence in Guernsey having obtained its full fiduciary license. The cross-border global advisory and fund administration firm can now provide a complete suite of private client fiduciary services in Guernsey alongside their existing fund administration and corporate services offering. As a result Maitland Guernsey’s services now […]
Fidelity International Fidelity International, the Bermuda-based asset manager, said it has named Hugh Prendergast global head of product. Fidelity said Prendergast would, in his newly-created role, bring together and lead Fidelity’s product teams based around the world, while also being responsible for continuing to develop its global product strategy. Once he joins the company next month, […]
BlackRock US asset manager BlackRock has named Deborah Ho to head up its Southeast Asian business, with effect from March. She will succeed Kevin Hardy, who is leaving the company. Ho comes to BlackRock from Barclays Bank, where she has been managing director and co-head of senior relationship management, overseeing the firm’s “platinum” client relationships […]
Guernsey Finance, the promotional arm of Guernsey’s financial services industry, said it is looking to appoint a permanent London-based representative for the first time, as it seeks to build its ties with The City’s financial services industry head of Brexit. The organisation currently has representatives based in China, Hong Kong and Dubai, and is headed […]
Senior politicians associated with the Channel Islands jurisdictions of Jersey and Guernsey today denied that they were on a European Council so-called “grey list” of 47 countries, while paradoxically Isle of Man chief minister Howard Quayle accepted that his jurisdiction was. The “grey list” is made up of countries that have been put on notice […]
Guernsey and Jersey chief ministers spent two days meeting with EU “decision-makers” in Brussel this week in talks aimed at ensuring that the two Crown Dependencies continue to meet EU standards on “matters of tax transparency and economic substance, the jurisdictions said in a joint statement. The chief ministers held meetings, they said, with the ambassadors […]
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Globaleye, deVere, Holborn and AES Int’l speak out
