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Farah Ballands steps down as Ocorian CEO
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Ocorian has announced that Farah Ballands is stepping down as CEO, with Frederik van Tuyll taking over the position in addition to his role as Chairman. Farah has served as CEO of Ocorian since February 2020, having overseen its merger with Estera, which she led from January 2016. Prior to that, she was a Partner within Appleby's Jersey office from 2003 until 2015, leading the global fiduciary practice that eventually became Estera. She commented: “I have thorough...
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VG announces new-year promotions
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Jersey-based trust company VG has announced eight promotions. Dominic Coyne and Jodie Gray have been named Associate Directors. Dominic has been with VG for almost 20 years. He is responsible for managing the funds and Islamic finance team, including real estate transactions involving Shariah-compliant financing. Jodie joined the firm 15 years ago. She will continue to manage a wealth structuring team specialising in the administration of complex structures and provide serv...
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Imperium Fund Services names Andy Hatton as Director
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Imperium Fund Services (IFSL), an outsourced services provider to the closed-ended alternative funds industry, has appointed Andy Hatton as Client Services Director. Andy joins the firm after six and a half years with Belasko Administration, where he most recently led the Guernsey funds team. He brings to the new role more than 22 years of financial services experience in Guernsey, which includes the launch and administration of regulated collective investment schemes, private investm...
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PraxisIFM supports Ecofin IPO launch
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PraxisIFM Fund Services (UK) has provided administration and corporate secretarial services to sustainable investment company Ecofin US Renewables Infrastructure Trust (RNEW), which was admitted to the London Stock Exchange on 22 December. RNEW’s IPO raised $125m based on its objective to invest in a diversified portfolio of renewable assets, predominantly in the US. RNEW’s principal focus is on solar and wind energy assets, and it may also invest in different types of ren...
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Comment: new law on disclosure of information
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Bedell Cristin Partner Nancy Chien (pictured) looks at the implications of a Jersey law brought in this week that will make public more company information The Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020, which came into effect on 6 January, will increase the amount of information that will be made public for all Jersey companies and many other entities. The law affects Jersey companies, foundations, incorporated limited partnerships, limited lia...
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