www.business365iom.co.uk | NOVEMBER 2020 ISSUE Fusion ESG What are you invested in? Environmental. Social. Governance. ISLE OF MAN CRIME UP BUT MORE SUPPORT SWEEPS THE STILL A SAFE FOR SEAFOOD BOARD PLACE INDUSTRY The Island’s Financial Services industry was The Isle of Man continues to be the safest Seafood businesses under strain because of the a clear winner at the 2020 ‘International place to live in the British Isles, despite an Coronavirus pandemic will be offered £250,000 Investment’ Awards. The Isle of Man was increase in recorded crime of 4.9%, according of continued financial support in a bid to protect named ‘Best International Finance Centre’ to the Chief Constable’s Annual Report for the the long-term viability of the Island’s fishing for the third time in four years. year 2019/20. industry. THE ISLE OF MAN’S ONLY DEDICATED BUSINESS MAGAZINE NEWS | COMMENT | INSIGHT | PEOPLE | MOVEMENTS | FEATURES | TECHNOLOGY | HEALTH Our Isle of Man office is now open. Our Isle of Man office is now open. Ravenscroft is an independently owned investment services group which has £7.45bn of assets under administration for both private clients and institutional clients from around the world. We offer an array of investment solutions to help you achieve your objectives. Our experienced team provides discretionary investment management, advisory investment services and execution only trading. For further information on how we can help, contact our team on 01624 602020 or email [email protected] Investments for everyone www.ravenscroftgroup.com The value of investments and the income derived from them can fall as well as rise. Investors may get back less than invested. Ravenscroft is a trading name of Ravenscroft Limited (“RL”), Ravenscroft Investment Management Limited (“RIML”), Ravenscroft Cash Management Limited (“RCML”), Ravenscroft Custody Services Limited (“RCSL”) and Ravenscroft Specialist Fund Management Limited (“RSFML”). RL, RIML, RCML, RCSL and RSFML are licensed and regulated by the Guernsey Financial Services Commission to conduct investment business. RL is also regulated by the Jersey Financial Services Commission to conduct investment and funds services business. Ravenscroft is also a trading name of Ravenscroft (IOM) Limited, registered in the Isle of Man with company number 127781C, which has its registered address at St George’s Tower, Hope Street, Douglas, Isle of Man IM1 1AR and is licensed and regulated by the Isle of Man Financial Services Authority. All calls will be recorded and monitored for training and security purposes. For all Ravenscroft connected entities, please refer to www.ravenscroftgroup.com/disclaimer November INFLATION FIRMLY IN NEGATIVE Our Isle of Man office 8 TERRITORY IN SEPTEMBER A comprehensive round-up of the latest business news covering all sectors within the Isle of Man’s diverse and NEW DEAL MEANS GPS CAN SIT is now open. dynamic business environment. 9 EXAMS ON ISLAND NEW DIGITAL RADIO STATION Expert comment from leading figures within the 17 TARGETS OVER 35s business community, on a variety of topical issues across a range of sectors. CRIME UP BUT ISLAND STILL THE 18 SAFEST PLACE Looking at the people who keep the wheels of 19 THE RISE OF RESPONSIBLE INVESTING commerce turning on the Island; features, profiles, achievements and stories with a human dimension. INVESTING IN YOURSELF: INVESTOR’S 23 DIARY WITH PETER SHARKEY SO, WHO’S LOOKING FORWARD TO Who, what, where – a comprehensive appointments section keeping you abreast of all the movements within 30 2021? GRAPEVINE WITH PAUL SPELLER the business community. PLAN.COM SETS THE FOUNDATIONS Jon Whiting joins Grant Thornton Specialist Services as Digital Isle of Man appoints new Associate Director Non-Executive Chair Grant Thornton has continued its investment Digital Isle of Man, an executive agency for the in the Isle of Man, strengthening its Recovery Department for Enterprise, has announced the and Restructuring team with the hire of Jon appointment of its new Non-Executive Chair. FOR AMBITIOUS FUTURE Whiting, an experienced advisory services Dr.Phil Adcock will take up the role following professional. on from Lydia Barbara, who has been in the position since the board’s He has joined Grant Thornton as advisory inception in May 2018. HELPING YOU MAKE THE MOST OF WORK AND PLAY 40 associate director where his key areas of focus will include regulation, compliance, anti- Digital Isle of Man was created money laundering, liquidations and corporate to develop and implement recovery. With more than 30 years’ experience in the accounting profession, strategies to support Lifestyle managing and coordinating professional services for a variety of local and sustainable economic growth international clients, Jon has a wealth of experience drawn from previous and establish the Isle of Man roles as a fi nancial controller, fi nance director and company secretary. as a centre of international excellence for the digital A fellow of the Institute of Chartered Accountants in England and Wales, economy. Phil has been an active Jon also plays an active role in the local business community and has member of the board from its start. been a member of the Isle of Man Government’s AML/CFT Advisory Group for more than a decade. Daphne Caine MHK, political member with responsibility for Digital Isle of Lifestyle Man, told B365: ‘We are very pleased to welcome Phil as our new agency Managing Director, Dennis McGurgan, said: ‘I am delighted to welcome Chair. His experience and fi rst-hand knowledge of the industry speaks Jon to Grant Thornton Specialist Services. He brings a wealth of for itself and I am confi dent he will prove to be instrumental in providing experience and an outstanding skillset which will not only strengthen our strategic direction to the agency as we continue to position the Island as a Living a full and productive life is all about finding the right team but will further develop our exceptional service. centre of excellence for digital industries. ‘His work in a variety of fi elds such as project management and banking, ‘It has been an absolute pleasure working alongside Lydia over the past along with the respect in which he is held in the public and private two and a half years. Her enthusiasm for innovation has been wonderful sectors, will only enhance the way we deliver quality and value to clients.’ to witness and I wish her the best of luck and continued success in the future.’ TISE appoints Cees Vermaas as new CEO Phil Adcock is the founder and Chief Technology O cer of Domicilium The International Stock Exchange (TISE) has announced that Cees Group, a leading datacentre and network provider headquartered in the Vermaas has been appointed as parent company CEO. Isle of Man. He is a graduate of Lancaster University, holding a Ph.D. in computer science. Phil is a Chartered Fellow of the British Computing THE INVISIBLE AND CATASTROPHIC Mr Vermaas joins as CEO of The International Stock Exchange Group Society and a member of the Internet Society and Association of Limited (TISEG) having previously held executive positions at several balance between work and play. Here at B365 we know Computing Machinery. international exchanges, including CEO of CME Europe Ltd, CEO of Euronext Amsterdam and Head of European Cash Markets for NYSE Lydia Barbara commented: ‘Over the past two and a half years, I have Euronext. had the pleasure and privilege of serving as the fi rst non-executive Chair of Digital Isle of Man, working with some of the smartest people in Jon Moulton, Chair of TISEG, told B365: “I am delighted to welcome Cees digital positions in our Island. Phil has proved himself to be an invaluable to TISE. He has considerable expertise from within some of the major member of our board and I couldn’t be happier to see him take the helm international exchange groups and I look forward to seeing him build on as the new agency Chair.’ the growth we have achieved recently and drive the business onwards to greater things in the future.” Phil Adcock will chair his fi rst board meeting in January. Mr Vermaas has over 20 years’ experience working within international fi nancial market infrastructure and, prior to that, spent a decade working ManSat has appointed Katherine Gizinski as its group the importance of both. Our new lifestyle section will in IT and program management roles within leading Netherlands based Chief Executive O cer companies Philips and Delta Lloyd Group. EFFECTS OF THE PANDEMIC Previously the group’s Chief Commercial He holds a degree in Business Administration and Industrial Engineering O cer, Katherine will continue to work closely from The Hague University of Applied Sciences in The Netherlands. For with Chris Stott, ManSat founder, in his new many years he was Ambassador of the War Trauma Foundation that role as Executive Chairman as she leads the aims to strengthen mental health and psychosocial 46 company. support in low resource communities a ected by humanitarian crises. Chris Stott told B365: “Katherine is a smart, driven leader backed by the superb team at Mr Vermaas said: “I am really pleased to be ManSat. Change is the only constant in our joining TISE. I have seen the development of industry and when you fi nd someone better the Exchange during the last few years and I am include regular topics covering travel, motoring, property, than yourself to lead the company then it’s a natural step to hand over the excited by the challenge of using my previous reins. Katherine has the full support of myself and the ManSat Board of experience to capitalise on the Directors.” opportunities to grow the business. I can’t wait to get started and Katherine added: “I’m excited to lead ManSat into its next phase of Living a full and productive life is all about fi nding the right balance between work and play.