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Guernsey Finance is to host an event in Home Kong next month to mark one year of the island’s presence in the jurisdiction. ‘Ganbei Guernsey’ will take place at the Hong Kong Bankers Club on 14 September, to mark the opening of the promotional agency’s representative office in 2016. Located at Three Pacific Place in […]
Concept Group, a Guernsey-based provider of offshore corporate services and overseas pensions, has unveiled a new partnership with a private jet operator, which sees it helping the company to expand its regional footprint – and in the process, diversifying its own business. Through its Concept Private offshore corporate services division, Concept said it had helped […]
Tax experts taking part in a panel discussion at the recent Guernsey Funds Forum in London warned that the asset management industry could end up becoming the victim of ‘collateral damage’ as the proposed Base Erosion and Profit Shifting (BEPS) regime is implemented. The Funds Forum saw such tax authorities as Tony Mancini of KPMG Channel Islands and […]
The Guernsey Financial Services Commission (GFSC) has issued a warning about the appearance of an organisation, on the neighbouring Channel Island of Sark, where a website has appeared promoting a company registry. Guernsey’s financial regulator said in a statement on its website that the entity – the first of its kind to appear on the tiny […]
Financial services deal sizes are returning to their pre-2008 levels, owing to more than £500bn in capital waiting, due to ‘dry powder’ that has been accumulated by private equity firms, attendees at the Guernsey Funds Forum heard at its annual event. Furthermore, according to Joseph Cohen, a panellist at last week’s event held in London, pictured above, it […]
Four men have been arrested in Guernsey on fraud charges in connection with the collapse last year of Providence Global Ltd, a Guernsey-based, international affiliate of a Miami-based company that filed for bankruptcy protection in July, known as Providence Financial Investments. The four men haven’t been identified. In a statement, a spokesperson for Home Affairs […]
Jersey, Guernsey and the Isle of Man could be used by the United Kingdom as “a bargaining chip” in the Brexit negotiations and there is “precious little” that they could do about it, an expert in constitutional and European Union law has warned. Richard Gordon QC, of legal firm Brick Court Chambers, told local press […]
Guernsey has launch the first of its new Private Investment Funds (PIFs), only four months after the new structure was developed and released to the global investment community. GMT Communications Partners LLP, with the assistance of the Guernsey offices of Northern Trust and law firm Carey Olsen and the Cairngorm Capital II Private Investment Fund advised […]
Guernsey’s Butterfield names Colleen McHugh Butterfield Bank (Guernsey), the Guernsey banking subsidiary of Bermuda-based Bank of NT Butterfield & Son, has named Colleen McHugh head of wealth management, a new role at the company. McHugh, a chartered wealth manager with more than 18 years’ experience, will work closely with the bank’s private banking and asset management […]
Guernsey’s financial services sector has been unveiled as the location for the first-ever commercial use of blockchain technology for the private equity market, Northern Trust, the island’s largest fund administrator, has built what is calls the “security-rich” blockchain with experts from IBM, working with the States of Guernsey and the Guernsey Financial Commission. It will be used to manage […]
Ogier, the Jersey-based international law firm, has named four senior lawyers to a new role of “Counsel”, reflecting what it said is “their technical expertise and leadership of a distinct area of legal practice”. The four – all based in Jersey – include Michael Little, who leads the firm’s Channel Islands employment law team; Ogier […]
The Channel Islands Financial Ombudsman service has reported a spike in the percentage of claims it has been receiving which have been deemed to warrant further investigation, it has been revealed. The Ombudsman Service, or CIFO, which is based in Jersey but also covers Guernsey, Sark and Alderney, said it had received some 1,375 complaints […]
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Peter Brigham, of Monaco's Rosemont International, explains why a multi-faceted global strategy is needed today for HNW clients
