Top-tier Rankings for Six Ogier Teams in Jersey in Latest Legal 500 Guide
The Legal 500 UK directory recognises 13 Ogier lawyers as "leading individuals". The directory is compiled from submissions and thousands of interviews with general counsel and private practice lawyers.
Recognised in the directory are: Partners Katrina Edge, Jonathan Hughes, Julie Melia, Raulin Amy, Edward Mackereth, Emily Haithwaite, Niamh Lalor, James Campbell, Sally Edwards and Steve Meiklejohn are joined by Director of Local Legal Services Helen Ruelle and managing associate Kate McCaffrey.
Jersey Government Approves International Savings Plans Designed to Provide Better Futures for International Employees
Jersey’s Government approves the introduction of provisions which allow Jersey to launch new International Savings Plans (ISPs).
Effective from 1 January 2019, the innovative new plans, which have been approved by the Jersey tax authorities, enable multi-national and international companies to set up savings plans in Jersey for non-resident employees.
Appleby Jersey Acts in Ground-breaking Trust Litigation Decision
In a landmark decision the Royal Court of Jersey invalidated the settlors’ decision to revoke two Jersey Law trusts on the basis that the settlors’ were unduly influenced by a third party. Appleby Dispute Resolution Jersey Partner Fraser Robertson (pictured left) and Senior Associate Amy Benest (right), acted on behalf of one of the beneficiaries, the daughter of the settlor.
This appears to be the first occasion in which a court has declared a revocation notice, given by the relevant power holder to be invalid and of no effect and may have a wide reaching impact.
Appleby Jersey Acts in First Winding up of a Limited Partnership
Appleby acts in first winding up of a limited partnership by the Royal Court of Jersey under the Limited Partnerships (Jersey) Law 1994. Appleby Jersey Partner Michael Cushing (pictured left) and Associate Craig Campbell (pictured right) acted for the Applicant in this matter.
TISE Launches Green Market Segment
The International Stock Exchange (TISE) launches a new green market segment, TISE GREEN, to enhance the visibility of those investments which make a positive impact on the environment. TISE GREEN is open to all types of green investments, including bonds, funds and trading companies, from any jurisdiction.
For more information visit www.tisegroup.com/market/segments/green
CEO Blog: 10 Reasons Why Public Register Arguments Are Flawed
Geoff Cook makes a clear the reasons why public registers of company beneficial ownership are flawed.
Geoff Cook Discusses Illicit Financial Flows at Chatham House
Geoff Cook represents Jersey's viewpoint at Chatham House's Illicit Financial Flows 2018 event in London, speaking on the topic 'Forms and Responses'.
Chaired by Maya Forstater, Visiting Fellow, Center for Global Development, the panel also includes Simon Riondet, Head, Financial Intelligence Unit, Europol; Mike Davis, Director of Campaigns, Planning and Evaluation, Global Witness; and Joshua White, Director for Policy and Analysis, The Sentry.
Launch of GCC Whitepaper on Wealth Structuring
Jersey Finance teamed up with Hubbis again to produce a new white paper on “Wealth Structuring and the International Financial Centres: Perspectives from the GCC”.
With an estimated US$1 trillion wealth set to transition between families and generations in the Gulf region over the next decade, immense opportunities await High Net Worth (HNW) investors and wealth management companies in the region. The white paper highlights the growing preference from HNWI clients to professionalise the way succession planning is managed, despite the perceived lack of preparedness. Against this backdrop, the paper suggests that forward looking IFCs that can demonstrate their dedication to transparency, ethics and quality will survive and prosper in this changing environment.
PraxisIFM Launches Dedicated Funds Division in Jersey
The new funds division, Praxis Fund Services (Jersey) Limited, is headed up by Managing Director, Pippa Davidson (pictured). The new team’s latest appointment is Associate Director, Josh Farrow (also pictured), who manages the team on a day to day basis.
Carey Olsen Supports Epiris on Launch of £821m Buyout Fund in Jersey
Private equity firm, Epiris, selects Carey Olsen's investment funds team in Jersey for the launch and final closing of an £821 million buyout fund, Epiris Fund II.
Fairway Group Opens New Office in Bahrain
Fairway, who are headquartered in Jersey, launches their new office in the striking United Tower in Bahrain. Pictured L-R: Alistair Rothwell (Chairman), Louise Bracken-Smith (CEO) and Graeme Fairlie (International BD Executive & Regional Manager in Bahrain)
With Fairway Group assets under administration of £5.5 billion and nearly 100 staff in its St Helier base, the new office comes amid a concerted international push by the company.
CEO Blog: A Collaborative Approach to Cyber Security
For Cyber Security Awareness Month and in the lead up to Jersey's first ever TechWeek, Geoff Cook reflects on the topic of cyber security and Jersey's efforts to build a cyber-aware workforce.
Put Simply Campaign Launched
Jersey Finance works with experts in member firms to design a suite of simple, easy-to-understand information about finance, starting with the private wealth sector.
Aimed at non-finance audiences, the web hub hosts plain English explanations on trusts, family offices, foundations, the differences between trusts and foundations and a myth-buster document about trusts and foundations. Each section includes real life examples provided by contributing member firms.
Jersey Finance Launches 'Future Connect' Campaign
Launched at an event held in the Jersey Museum, 'Future Connect' is aimed at those in less senior roles in the finance industry and those starting out in their careers. See photos from the event on our Flickr page.
Future Connect' will help to raise awareness of Jersey Finance and the contribution of the finance industry in Jersey. The campaign also seeks to engage with our wider Membership base on the significant impact and value to Jersey’s finance industry locally.
Maples and Calder Launches Legal Service Offering in Jersey
In response to client demand, Maples and Calder now provides Jersey legal services in the corporate, finance and investment funds areas as well as listing agent services for the listing of securities on The International Stock Exchange (TISE) in the Channel Islands
Jersey Records Biggest Offshore Deal Value in H1 2018
More money was spent on M&A transactions in Jersey than any other offshore jurisdiction in the first half of 2018, according to a newly released report, Offshore-i, by offshore law firm Appleby.
Jersey experienced a six per cent increase in deal activity, with a 411 per cent increase in deal value driven by the $62bn acquisition of Jersey-incorporated Shire by Japan’s Takeda Pharmaceutical – the largest offshore transaction of the first six months of the year.
CityWealth's IFC Powerwomen Top 200 List Features Channel Island Trailblazers
Citywealth's IFC Powerwomen Top 200 for 2018 features a broad range of professionals from Jersey and Guernsey, including Lisa Springate, Head of Technical at Jersey Finance.
The Top 200 list focuses on influencers as well as professionals and celebrates powerful women from diverse backgrounds. It recognises women of achievement who are trailblazers in their field, helping to promote business excellence in their home jurisdiction and consolidating the reputations of the financial services industry globally.
Student Competition 'Finance 2061' Launched
We launch an island-wide competition for year 11 – 13 students to predict the future of finance. Winners will take home a £500 IQ voucher and £500 for their school .
In 2011, the finance industry celebrated 50 years in Jersey. As a young Islander, what do you think will be the main challenges affecting the industry over the next 50 years? Write 500 words on how you see the industry evolving in the future.
Private Wealth Thought Leadership Report Published
Jersey Finance, in partnership Bedell Cristin, launch thought leadership report.
Aimed at advisors of ultra high net worth and high net wroth families and trustees, the Flourishing Futures: Making Succession a Success report recommends actions they can proactively undertake in anticipation of the increasing influence of the next generation. Hard copies available at Jersey Finance head office.
CEO Blog: The African FDI Opportunity
In light of UK Prime Minister Theresa May's trade visits to South Africa, Nigeria and Kenya last week, our CEO Geoff Cook, reflects on Jersey's international ambitions to support African foreign direct investment.
Vital Consultations for Jersey's Finance Industry
Two key consultations under way in Jersey provide evidence of our jurisdiction’s willingness to combat financial crime and meet global standards of financial regulation.
The Jersey Financial Crime Strategy Group makes a number of proposals aimed at implementing recommendations made by the Financial Action Task Force (FATF) to strengthen Jersey’s credentials in fighting financial crime. Closing date 30 September. Consultation to gather feedback on proposals to satisfy concerns previously raised by the EU’s Code of Conduct Group around the concept of ‘economic substance’. Deadline for submissions is 31 August.
Geoff Cook Interviewed on Brexit Whitepaper
Geoff Cook shares his initial views on the Brexit Whitepaper and discusses potential impact on Jersey. Hear the interview on BBC Radio Jersey's (1.48.46)
TISE Wins at Brand Management and Reputation Awards
The International Stock Exchange (TISE) wins an award at the Citywealth Brand Management and Reputation Awards 2018. TISE received the bronze award in the Marketing/Business Development/Public Relations Team of the Year category.
Asia-Focussed White Paper on the Future of IFCs Published
The Future for International Financial Centres – Views from Asia’s Wealth Management Market
This latest Asia focussed white paper examines wealth managers views on the future for offshore structures, as well as the key motivations and barriers for HNWI and UHNWI when considering their international investment options.
Fairway Duo Named in Channel Islands’ Top 35 Under 35
Fairway Group’s Emma Furzer and Christopher Mourant are recognised by eprivateclient, a leading European finance news service.
The Channel Islands Top 35 Under 35 initiative is designed to identify and recognise the rising stars of the private client practitioner community.
Kleinwort Hambros Named the Outstanding Private Bank in the UK Crown Dependencies
For the third consecutive year, Kleinwort Hambros is named the 'Outstanding Private Bank in the UK Crown Dependencies' by Private Banker International.
Digital Jersey Signs MOU with the World's Largest Cryptocurrency Exchange
Digital Jersey signs a Memorandum of Understanding (MOU) with the world’s largest cryptocurrency exchange, Binance
CEO Blog: Facts do Not Cease to Exist Because They are Ignored
The Institute of Economic Affairs this week published a paper which aims to add a bit of balance to the conversation around international finance centres and the positive role of international finance in facilitating global investment.
IEA Publishes Report on the Benefits of Capital Mobility
Undertaken by the Institute of Economic Affairs (IEA), with support from Jersey Finance, the paper, “The Benefits of Capital Mobility”, examines the growing importance of IFCs in the global economy and argues they are in reality benchmarks for transparency and good governance.
Jersey Crowned Best IFC at WealthBriefing Asia Awards 2018
Jersey wins ‘Best International Finance Centre’ at the WealthBriefing Asia Awards 2018, underlining the jurisdictions reputation as a world-leading international finance centre.
GDPR law goes live across the world
On 25 May 2018, GDPR goes live around the world.
First Jersey Finance Women-Only Event in Saudi Arabia
We host an educational finance event exclusively for women in Saudi Arabia as more women look to take control of their financial affairs.
Geoff Cook's Guest Post on the Global Anticorruption Blog
Geoff Cook, CEO Jersey Finance, writes a guest blog on the Global Anticorruption Blog (GAB) site
Jersey Finance Launches Interactive Timeline
If you are a Jersey Finance member, submit your content now by logging in to Manage News
Jersey Finance at Jersey Boat Show for the First Time
For the first time, Jersey Finance is part of the Jersey Boat Show from 5 to 7 May, showcasing how the finance industry is proud to support the local community.
CEO Blog: Beneficial Ownership Back in the Spotlight
Public registries of beneficial ownership are back in the spotlight after a high-profile debate in the House of Commons on Tuesday 1 May. Read Geoff Cook's latest blog in response.
'A Steady Ship' PERE News Feature Published
PERE (Private Equity Real Estate) magazine interview two of Jersey's funds experts – Mike Jones, Crestbridge and Michael Byrne, PWC Channel Islands – on Jersey's future-proof funds regime.
Artificial Intelligence: An Open World
A short film produced by Jersey Finance on artificial intelligence including insights from a selection of member firms, partners and businesses on-Island.
STEP Journal Jersey Supplement
Jersey Finance and Locate Jersey collaborated with STEP to produce a Jersey supplement.
Circulated to 20,000 STEP members globally via their monthly magazine, the STEP Journal and distributed to +400 delegates at our annual private wealth conference. Pick up your free copy from the Jersey Finance offices.
Jersey Finance Annual Private Wealth Conference 2018
Entitled 'An Open World', the 2018 Jersey Finance Private Wealth Conference will bring together a range of world-class private wealth professionals to discuss how Jersey differentiates itself through digital innovations as a private wealth management centre now and in the future.
Artificial intelligence (AI) has been a fascinating concept of science fiction for decades and financial services are getting closer to making AI a reality – opening a world of opportunity within the industry. The 2018 Private Wealth Conference will explore how developments in AI and other technologies are affecting family office structures globally and across generations. With innovation in technology moving at breakneck speed and more power in our pocket than ever before, expert speakers will examine how family office structures are adapting to meet the needs of both Generation X and Y and how the industry is responding in an increasingly dynamic environment. It will also explore future trends in alternative asset classes and wealth distribution.
Funds Europe Jersey Supplement 2018
We launch a sponsored magazine supplement with Funds Europe.
The magazine supplement is circulated to all Funds conference attendees and 10,000+ cross-border fund professionals in Europe. Contact Jersey Finance for free copies.
Jersey Finance Annual Funds Conference 2018
Entitled ‘A Future Focus’, the 2018 Jersey Finance Annual London Funds Conference will bring together a range of world-class funds professionals to discuss the vital issues currently shaping the global funds landscape.
With the countdown to Brexit firmly on, the event will take an in-depth look at the challenges and opportunities arising from the biggest shift in the geopolitical landscape in recent history. In particular, our expert speakers will together examine what this means for Jersey’s funds industry in relation to Britain and the EU during the current period of uncertainty and in the post-Brexit future. Other topics to be discussed include sovereign wealth funds, investment trends and pension funds, with the findings of Jersey Finance’s latest report, ‘Jersey for Institutional Investors’ to be presented. The half-day event attracts a broad range of practitioners including lawyers, fund managers and other finance professionals, and provides excellent networking opportunities.
First Anniversary of the Jersey Private Fund
CEO Blog: Together Everyone Achieves More
The finance industry is proud to be part of Jersey. In his blog, Geoff Cook writes on our vision for the Island and our industry’s future success.
Appleby Report Shows Jersey Deal Value Jumps in 2017
Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, shows Jersey experienced an 86% increase in M&A deal value in 2017.
The report focuses on transactions announced over the course of 2017. In addition to the rise in deal activity, it also found that 2017 was the busiest year on record for offshore IPOs.
Adaptation and Digital Innovation Key to the Evolution of Philanthropy
Adaptation and digital innovation key to the evolution of philanthropy – read the expert opinion piece by our CEO, Geoff Cook, on the Philanthropy Impact website.
Geoff Cook interviewed on BBC Radio Jersey
Hear Geoff Cook's interview on BBC Radio Jersey's breakfast show (2:34:05) about Jersey Finance's 'Working together for a better future' document.
Our 'Working together for a better future' document provides a roadmap of Jersey Finance's vision for the industry and the main challenges and opportunities ahead.
CEO Blog: Ready to Support the UK’s Global Ambitions
Our CEO, Geoff Cook, writes on how Jersey Finance's flagship London funds and private wealth conferences are key platforms for telling Jersey's story.
Read Geoff Cook's Business Column in the Jersey Evening Post
Every two months Geoff Cook, CEO Jersey Finance, writes a column for the Jersey Evening Post.
In March 2018, he writes about 'New perspectives for a better future'.
Brooks Macdonald’s Scott Goodrum Only Channel Islander Named in Citywire ‘New Wealth Talent’ List
Investment Manager Scott Goodrum at Brooks Macdonald, one of the largest independent investment management companies in the Channel Islands, is the only Channel Islands-based professional to feature in a list profiling ‘new wealth talent’ published on 22 March 2018 by leading wealth management publication Citywire.
Life In Finance Meet and Greet Event
We are always looking to the future and with that in mind, Jersey Finance has created a beneficial scheme, Life in Finance, that brings A Level students and Member firms together. In 2017, the 36 A-Level students from the five different schools that took part in the scheme once again learnt a great deal about the variety of roles available within the industry and gained valuable insights about a ‘life in finance’. Learning has always been at the core of our Life in Finance programme and working with young islanders clearly shows us that we have a lot of local talent who are ambitious for the future.
CEO Blog: An International Outlook and a Digital Future
Geoff Cook, CEO Jersey Finance, writes on what we achieved in 2017 and an overview of our plans for 2018
Jersey Finance Annual Review & Strategic Review Event
Jersey Finance shared their plans for 2018, the achievements during 2017, the updated strategic review work and the 20 new initiatives identified for implementation at their biggest member event of the year. Updates were provided by Ian Gorst, Chief Minister, Government of Jersey; Philipp Härle from McKinsey and Geoff Cook, Chief Executive, Jersey Finance. The event concluded with a discussion session moderated by Paul Savery, with representatives from Government, the JFSC, McKinsey and Jersey Finance.
The ID Register Signs Strategic Alliance with KPMG Channel Islands Limited
Jason Laity, Senior Partner, KPMG and Tim Andrews, Director, The ID Register sign a strategic alliance.
The ID Register (TIDR), an online Customer Due Diligence platform has signed a strategic alliance with one of the leading providers of professional services, KPMG Channel Islands Limited.
Uptick in Number of Fund Managers Choosing Jersey Private Placement Regime Underlines Appeal of Future Proof Regime
A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from Jersey’s regulator the Jersey Financial Services Commission (JFSC).
CEO Blog: The Future is Still Global Despite Protectionist Fears
"The Island’s respected and reliable framework is the key reason investment funds choose to domicile in Jersey" says Geoff Cook
Intertrust Awarded ICAEW Accreditation
Intertrust in Jersey has been accredited by the Institute of Chartered Accountants in England and Wales (ICAEW).
HR Director of Intertrust in Jersey Lisa Bragg said: “It is great that we have achieved this accreditation and that we can now also offer ACA qualifications to existing and prospective employees. This will allow them to have more opportunities to study on the island and will expand the training courses we currently offer.
Jersey Finance launched on Instagram
Follow @jerseyfinance on Instagram to find out what the team are up to.
Ashburton’s Chindia Fund Wins for Third Straight Year
Jersey-based Ashburton Investments’ Chindia Equity Fund has been named one of the top performing offshore funds for three consecutive years at the prestigious Raging Bull awards.
Congratulations to all CityWealth IFC Awards 2018 winners
Jersey Finance Member firms scooped a number of awards. Congratulations to the following winning firms and individuals:
Cazenove Capital who won Investment Management Company of the Year – Channel Islands & Private Bank of the Year – Channel Islands Fairway Group who won Trust Company of the Year Jersey – Boutique Ocorian who won Family Office of the Year Ogier who won Law Firm of the Year – Jersey RBC Wealth Management won Trust Company of the Year Jersey – Large Victoria Yates, Ward Yates winner of the Editor's Choice Award David Cadin, Bedell Cristin winner of the Outstanding Individual of the Year Award
Jersey Named as Leading IFC for Sixth Time in a Row at Citywealth Awards
Jersey’s reputation as a leading centre for private wealth management has been highlighted for the sixth time, being named ‘International Financial Centre (IFC) of the Year’ in the annual Citywealth IFC Awards.
CEO Blog: The Future is Virtually Here
Our CEO, Geoff Cook, describes Jersey as a sound and sensible place for virtual currency.
Jersey Foundation Figures Continue to Rise as Indications Point to Ongoing Appeal of Structure for Philanthropy
The number of Foundation structures registered in Jersey grew by 9% last year, with a total of more than 350 Foundations having now been set up in Jersey since the structure’s introduction in 2009 – an indication of their attractiveness to investors now and in the future.
Carey Olsen the Leading Agent for TISE Listings
Carey Olsen Corporate Finance Limited, a group company of offshore law firm Carey Olsen, was the leading listing agent for The International Stock Exchange (TISE) last year.
Carey Olsen Corporate Finance Limited acted as listing agent to 40% of all new issuers of debt securities during 2017, listing a third more new issuers and over 100 classes of securities more than the next listing agent. Carey Olsen partner Simon Marks said: “Carey Olsen Corporate Finance Limited can rightly be considered the leading listing agent and the latest figures from The International Stock Exchange are testament to that fact. 2017 was another standout year for the listings team and we expect to see further growth in 2018.”