Channel Islands' Investec Bank launches Isle of Man office

Channel Islands-based Investec Bank has opened an office on the Isle of Man in Douglas, as the first bank to be granted a Class 1(3) licence under the Isle of Man's Alternative Banking Regime. Isle of Man chief minister Howard Quayle was among the 130 guests at the official launch event held at the company's new office at the Old Court House, Athol Street. Investec has been nurturing its relationship with the Isle of Man over a number of years but now has a physical presence in the Island, headed up by Mark Beresford and Jon Wagstaffe. Mark Beresford said, "We are proud to have la...