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www.business365iom.co.uk | JUNE 2020 ISSUE £10 MILLION GLOBAL ACQUISITION MARATHON HERO BROADBAND FOR SMP CHRISTIAN DEAL Global professional and financial services group SMP Christian Varley has completed 19 marathons has announced a deal to acquire RBC Corporate over 19 days and in the process has raised over The Department for Enterprise, has awarded Services Hong Kong, a division of RBC Investor £80,000 for the Manx Solidarity Fund. Christian Manx Telecom as preferred supplier with & Treasury Services. The transaction is subject to was greeted at the finish by members of his family designated fibre provider status to deliver regulatory approval. and the team behind the Manx Solidarity Fund. the Island’s National Broadband Plan. THE ISLE OF MAN’S ONLY DEDICATED BUSINESS MAGAZINE NEWS | COMMENT | INSIGHT | PEOPLE | MOVEMENTS | FEATURES | TECHNOLOGY | HEALTH Safe and secure Keeping your data Connectivity protected Voice & Mobile Alongside our market-leading technology partners, we provide protection from attack and continually manage ongoing risk in a fully-compliant offshore Managed Services environment. Trust Sure to protect and deliver for your business. DC & Cloud Security Protect business.sure.com Safe and secure Keeping your data Connectivity protected June Voice & Mobile Alongside our market-leading technology partners, we provide protection from attack and continually manage ongoing risk in a fully-compliant offshore Managed Services MANX TELECOM SECURES £10 environment. 5 MILLION BROADBAND DEAL A comprehensive round-up of the latest business news Trust Sure to protect and deliver for your business. covering all sectors within the Isle of Man’s diverse and DC & Cloud LLOYDS BANK TO BREATHE NEW LIFE dynamic business environment. 6 INTO VILLIERS HOUSE Security LOCKDOWN – A TRUE TEST OF Expert comment from leading figures within the 7 ORGANISATONAL CULTURE business community, on a variety of topical issues across a range of sectors. SMP GROUP MAKES INTERNATIONAL 12 ACQUISITION Looking at the people who keep the wheels of MERA TO BE PAID 14 DAYS AFTER commerce turning on the Island; features, profiles, 15 RETURN TO WORK achievements and stories with a human dimension. NEW POLITICAL APPOINTMENTS 16 UNVEILED Who, what, where – a comprehensive appointments section keeping you abreast of all the movements within the business community. FEATURE: 17 WEALTH MANAGEMENT 2020 Who, what, where – a comprehensive appointments section keeping you abreast of all the movements within the business community. LifestyleHELPING YOU MAKE THE MOST OF WORK AND PLAY Lifestyle THE LATEST JOBS NEWS FROM THE ISLE OF MAN BUSINESS COMMUNITY Equiom Group appoints Mark Porter as new CEO Nedbank Private Wealth strengthens senior Equiom, the global professional management team services provider, has announced Nedbank Private Wealth has strengthened its senior management team Living a full and productive life is all about finding the right the appointment of Mark Porter as with two internal appointments. David McFadzean will take on a new role Chief Executive O cer (CEO). as head of wealth management, while Andrew Halsall has become head Mark joins with a wealth of of private banking in the Isle of Man. HOW CAN BUSINESSES KEEP THEIR experience and expertise in Reporting directly into chief the sector, and will take up the executive, Stuart Cummins, position once the necessary David will assume responsibility regulatory approvals are in place. for spearheading business Mark takes over the leadership development across the of Equiom from Sheila Dean who company’s jurisdictions in the UK, has led the business since 2006 Jersey, Isle of Man and Dubai. and will take on the role of Non- His focus will be on growing the balance between work and play. Here at B365 we know Executive Chairman of the Group. David McFadzean, bank’s high-net-worth client base The appointment of a new CEO is a key milestone in the ongoing Head of Wealth Management for its wealth planning, investment growth journey of the Equiom business. management and private banking services. David will also join the bank’s Mark has spent over 30 years in the asset management and Investor executive committee. Servicing sectors, most recently as CEO of MUFG Investor Services David joined Nedbank Private Wealth just over a year ago to lead its and previously as CEO of UBS Fund Services. investment specialist function and chair its investment committee. Prior DATA SAFE? In his role as CEO of Equiom, Mark will continue to build on Equiom’s to joining, David spent 15 years with RBC Wealth Management where three pillar strategy of organic growth, acquisitive growth and he held several senior roles, latterly leading the investment business operational excellence leading a team of 590 across 21 locations. as managing director and head of discretionary investments in Jersey. He has over 25 years’ experience in fi nancial services, working for Sheila Dean, Executive Chairman, commented: global blue-chip companies in both London and Jersey, and providing the importance of both. Our new lifestyle section will “We are delighted to have Mark on board. He brings a wealth of investment solutions to a wide variety of clients around the world. 23 experience with him as we continue to grow and build a leading Andrew now heads up the private global professional services business. With Mark’s leadership, banking team in the Isle of Man, and will alongside our strong Executive Committee and our investors at Värde be reporting into David. He has been and LDC, I’m excited about the future for Equiom Group and wish with Nedbank Private Wealth for 15 years Mark all the very best in his new role.” and has a thorough knowledge and Elena Lieskovska, Partner and Head of European Financial Services at understanding of the organisation. With his Värde Partners, the largest shareholder, added: extensive experience of working with high- net-worth individuals and their families, his “Mark’s expertise in leadership, strategy, operational execution, Andrew Halsall, focus is ensuring clients are provided with combined with relevant experience in fund services and listed Head of Private Banking IoM the highest level of service at all times. include regular topics covering travel, motoring, property, businesses will be invaluable to Equiom and we’re delighted with his appointment.” Stuart Cummins, chief executive of Nedbank Private Wealth, said: “These are exciting new roles for David and Andrew. The moves form part of a Mark Porter, incoming CEO, commented: “It is extremely exciting to recent restructure designed to enhance our client o ering across the be joining Equiom at a time of huge potential for the sector and for organisation. David will be responsible for all our client-facing teams Living a full and productive life is all about fi nding the right balance between work and play. Equiom in particular. I look forward to complementing the talent that and our investment and wealth planning specialists. I know David’s track Equiom undoubtedly has with my experience in leading and advising Here at B365 we know the importance of both. Our new lifestyle section covers topics record of successful leadership and business growth across multiple fi rms in the fi duciary and funds space, and in both an institutional and including travel, motoring, property, health, sport and leisure. geographies will be invaluable in this role.” private equity-backed environment. I look forward to working with Sheila and the whole Equiom team to help realise that potential.” David McFadzean’s new appointment is subject to fi nal regulatory approval. health and leisure. BUSINESS TRAVEL POST PANDEMIC B365 – bringing a bit of balance into your life! 24 INVESTOR’S DIARY – CASH IS KING 27 WRITES PETER SHARKEY Exactly what it says on the tin – news snippets, forthcoming events and information from the business world. BEWARE THE CORROSIVE EFFECTS OF 28 INFLATION WITH THANKS TO LIAM GILMAN AND CHRIS VARLEY FOR PROVIDING THE COVER IMAGES BUSINESS365 IS PRINTED & PUBLISHED BY MANNIN GROUP BRINGING YOU THE BUSINESS This publication is printed on a Heidelberg SpeedMaster SX74 5 colour lithographic printing press on carbon balanced paper which is produced at one of the world’s Business365 evolved from Mannin Group’s highly successful, market leading publication, Money most environmentally advanced paper mills ensuring it’s ultra clean and friendly to the Media. The new title embraces and builds on the ethos of its predecessor offering an all-embracing environment. look at all sectors of the Isle of Man’s vibrant business community. Business365’s incisive editorial reflects the Isle of Man’s standing as an international business centre of repute, and its modern, stylish presentation makes the magazine the first choice for industry leaders and professionals. Protect In keeping with its position as the Isle of Man’s premier business publication Business365 enjoys an extensive distribution network. The magazine is delivered by post to all Isle of Man business addresses and is widely available in dispensers at the airport and the sea terminal in Douglas. tel: 01624 696565 | mail: [email protected] Should you require further copies of the magazine, please call (01624) 696565. To whom all matters relating to editorial should be addressed. Articles may be submitted for publication at the publisher’s business.sure.com discretion. All items contained in this publication are the copyright of the publishers and may not be reproduced without the permission of the publishers. The publishers take no responsibility as to the veracity of statements or claims made by advertisers or outside contributions. comments Business365 offers a view on a topic e ou s or issue of the day. You can also log onto our dedicated website and express your opinion... The tricky path back he Isle of Man Government, like many others around the world, is discovering Tthat shutting down an economy was considerably easier than starting it up again.
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