Insurance industry improves training Wednesday 15 January 2014

Guernsey's insurance industry has begun to meet recommendations from the Guernsey Financial Services Commission aimed at raising professional standards. In September last year, the GFSC issued its Implementation of Guernsey Financial Advice Standards consultation paper to the industry and has now decided that the island will follow a similar approach to Jersey and the Isle of Man in response to the Financial Conduct’s Authority Retail Distribution Review proposals.

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Bank of Butterfield reaches agreement to acquire Legis Group’s Guernsey-based trust and corporate services business

The Bank of N.T. Butterfield & Son Limited (“Butterfield” or “the Bank”) today announced that it has reached agreement in principle with Legis Group Holdings Limited (“Legis Group”) to acquire Legis Group’s Guernsey-based trust and corporate services business, subject to regulatory and other approvals.
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Nerine Group of Fiduciaries has appointed Walter Ferrari to the role of finance director in its Geneva office.

Raised and educated in Santiago, Chile, Mr Ferrari has more than 25 years of professional experience within the finance industry. Since 1989 he’s been based in Geneva, Switzerland, where he has worked for a number of international finance companies, and was also a senior member of staff for a private family office where he was responsible for their accounting and finance requirements.
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Ogier partner, Marcus Leese, is to return to Guernsey from Hong Kong

Advocate Marcus Leese, who relocated to Hong Kong in 2010 to establish the Ogier Channel Islands' practice in Asia has returned to Guernsey. Marcus has completed a four year secondment to the Ogier Hong Kong office. He was the first Guernsey Advocate to operate in the Asian time zone, a move which was driven by client demand and the rapid economic growth in the region.
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