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The week on eprivateclient: Channel Islands Top 35 Under 35, JTC Group, KPMG and more...

16/03/2018 Will Sidery

A round up of the top stories on eprivateclient this week…

Monday

A legal victory over Cyclops Electronics and Graceland Fixing proves that a multi-million pound tax avoidance scheme used by over a hundred other businesses was a ruse to avoid paying tax, HMRC claims after a £55 million tax avoidance win

Ocorian, a 2017 eprivateclient Top Trust Company, appoints former global head of product management within the corporate services division of Deutsche Bank, Alan Booth, as managing director of its UK business

Tuesday

UK Chancellor Philip Hammond makes his first Spring Statement, offering an optimistic outlook for the UK with GDP predictions from the OBR up on previous estimates

KPMG will relocate its Global Family Business Centre of Excellence from Paris to London following the UK firm’s investment in its family business consulting practice and family office services

Wednesday

The inaugural eprivateclient Channel Islands’ Top 35 Under 35 launches with the initiative aimed at identifying the best and brightest young talent in based in Jersey or Guernsey. To make a nomination click here

International fiduciary services provider - JTC Group - floats on the London Stock Exchange and was admitted to the LSE using the ticker JTC and with a market capitalisation of £310 million

UK law firm Cripps hires a former eprivateclient Top 35 from Withers to boost its trust and estates offering

Thursday

2017 eprivateclient Top Trust Company Hawksford in Jersey makes four senior director promotions including three within its private client team

Despite the UK Government expelling 23 Russian diplomats following the poisoning of a former spy and his daughter, Stephen Ross - head of the fraud team at Withers – sees the use of Unexplained Wealth Orders against allies of President Putin as unlikely

Friday

International law firm Mossack Fonseca announces that it will cease trading due to the financial and reputational damage inflicted by its role in the Panama Papers scandal

Offshore law firm Ogier makes four senior promotions amongst its Jersey legal team, as well as nine promotions in Jersey-based business services teams as part of its regular annual promotions, including 2017 eprivateclient Top 35 Under 35 Martin Freegard

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