Seven IM plans Jersey office
Seven Investment Management (7IM) looks set to receive regulatory approval for an office in Jersey as part of a planned expansion into the offshore market.
Jersey
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PEOPLE MOVES: Generali, Zurich, Manulife
Generali has named a replacement for the outgoing head of investments at its asset management division. Meanwhile, the chief executive of Zurich North America is to depart and Manulife has appointed a president and chief executive for Asia.
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Brexit Britain ‘should look to Jersey’
The UK should look to Jersey for inspiration on how to deal with the European Union after Brexit, the head of a British political think tank has suggested.
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Jersey gets a rebrand to spurn ‘tax haven’ label
Jersey Finance has launched a new communications strategy to counter the negative impact of cross-border financial centres’ malpractice on the general public, and to improve the image of its financial services industry in the local community and abroad.
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PEOPLE MOVES: Jersey Finance, T. Rowe Price, State Street
Jersey finance promotes internally to fill Corrigan’s departure, T. Rowe Prices adds to its multi-asset team, State Street expands equity index group in Asia, and former French prime minister François Fillon goes into investment management.
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Fraud trial of Lumiere Wealth’s Byrne set for summer 2018
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Chris Byrne, will likely stand trial in summer 2018 for, among other things, fraud and knowingly making misleading or deceptive promises to clients.
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Crown dependencies should be able to elect MPs, says Tory MP
Britain’s crown dependencies should be granted the same parliamentary representation given to devolved jurisdictions, a former member of the UK Parliament’s Foreign Affairs Committee has said.
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PEOPLE MOVES: Fidelity, Jersey Finance, Invesco Perpetual
Fidelity International has poached its new multi-asset co-portfolio manager from Henderson and Jersey Finance has a new business development director for funds. Meanwhile, Neptune’s Douglas Turnbull is set to join Invesco Perpetual.
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PEOPLE MOVES: Jersey Finance, Quilter Cheviot, HSBC, UBS
Jersey Finance appoints a former IMF economist as its new chairman while Quilter Cheviot’s Jersey office makes a notable investment hire. HSBC names a new investment strategist on Asia as UBS promotes its head of Asia-Pacific.
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Jersey’s finance minister out as chief minister clings on
Jersey’s assistant chief minister Philip Ozouf has been ousted, having only returned to the political fold on 26 May after he resigned in January, with chief minister Ian Gorst maintaining his slim grip on power following calls for a vote of no confidence.
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Financial advice tops Channel Island Ombudsman complaints
Nearly half of the investigations handled by the Channel Islands’ Financial Ombudsman (CIFO) last year related to investments and funds, with financial advice the single most complained about area.
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Tax scam mastermind who duped Crocodile Dundee star arrested
The man at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee actor Paul Hogan is understood to have been arrested in Italy.