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Brooks Macdonald secures Isle of Man licence

Two months after unveiling expansion plans

United kingdomLeamington spaCity ofTunbridge wellsRichard hughesLucy willersJulie charltonPhil penroseInternational adviserBrooks macdonald asset management internationalBrooks macdonald internationalMan financial services authority ioOman financial services authorityBrooks macdonald asset managementBrooks macdonaldEast anglia

Isle of Man trust company fined

With three directors deemed not to be 'fit and proper'

United kingdomBrett armitageMatthias bolligerStephen corranManagement or administration to licenceholdersCorporate servicesServices to collective investment schemesMan financial services authority ioOman financial services authorityCollective investment schemesAnti money launderingTerrorism code

PEOPLE MOVES: SJP, Isle of Man Financial Services Authority, Gam

PEOPLE MOVES: SJP, Isle of Man Financial Services Authority, Gam
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Ex-Lloyds and Barclays duo set up Isle of Man advice firm

Company will also offer services to UK expats globally The former managing director of Barclays Private Clients International and the ex-senior financial consultant of IFA firm Edgewater Associates have joined forces to set up an Isle of Man-based advice company. Rob O’Connor and Chris Connor have launched Chancery Advisors, which has received a Class 2 investment business licence from the Isle of Man Financial Services Authority (IoMFSA). The firm will offer wealth management, personal investments, retirement planning, protection, corporate investments, business protection and employee benefits services. It will cater to all individuals – including high net worth and corporate clients. As well as offering services on the Isle of Man, it is also looking to serve UK expats globally.

United arab emiratesUnited kingdomChris connorKleinwort hambrosKleinwort bensonRob oconnorInternational adviserNayyar group of companiesBarclays private clients internationalLloyds banking groupEdgewater associatesMan financial services authority ioChancery advisorsOman financial services authorityBarclays wealth bankingNayyar group

Isle of Man-based Blackmore under scrutiny

Unregulated firm ‘appears to have operated as a collective investment scheme’ seeking pension funds The Isle of Man Financial Services Authority (IoMFSA) has warned the public about a company called Blackmore Global PCC Limited, which it believes has been operating as a collective investment scheme without proper authorisation. Blackmore is an Isle of Man company which was incorporated in September 2013 as a protected cell company (PCC). The firm is not known to have any connection to UK-based mini-bond firm Blackmore, which went into administration in April 2020. Seeking pension funds In a statement published on 29 April, the IoMFSA said that Blackmore had issued an offering memorandum and a supplementary offering memorandum for each of its cells.

Man financial services authority ioOman financial services authorityBlackmore globalUnited kingdom basedCollective investment schemes actமனிதன் நிதி சேவைகள் அதிகாரம் ஐயொமனிதன் நிதி சேவைகள் அதிகாரம்பிளாக்மோர் உலகளாவியஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானதுகூட்டு முதலீடு திட்டங்கள் நாடகம்