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Brooks Macdonald boosts Jersey business with new team


Brooks Macdonald International has set up a Jersey-based business development team and appointed two development heads to enhance its Channel Island operations.

Brooks has appointed Vistra business development director Richard Hughes as head of business development.

HSBC Private Bank head of investment group, Jersey Chris Donoghue joins as senior business development manager.

BMI chief executive John Davey says: “The formation of a new business development team based offshore is a natural progression of BMI’s continuing growth and representative of our commitment to growing our business within the Channel Islands and internationally.”

Hughes says: “It is a great opportunity to join at such an exciting time in the business’ expansion and look forward to growing BMI’s business within the Channel Islands and overseas.”


BBA: Gross mortgage borrowing unchanged at £7.8bn in April

Gross mortgage borrowing figures remained static in April, unchanged from March’s £7.8bn figure and 1 per cent below the £7.9bn six month average, according to figures from the British Bankers’ Association. The value of mortgage approvals stood at £8bn in April, up 3.3 per cent on the £7.7bn figure recorded for March. House purchasing accounted for […]


RBS rejects JC Flowers bid for bank branches

Royal Bank of Scotland has rejected a bid from private equity group JC Flowers for 315 of its branches, according to a report in the Financial Times. Virgin Money and JC Flowers have both recently been linked with bids for the branches following the collapse of a proposed £1.65bn deal with Santander in October over […]


FCA fails to track whistleblowing reports

The Financial Conduct Authority has admitted it does not track whether further regulatory action is taken when whistleblowing reports are handed over to other internal departments. A freedom of information request, submitted by Money Marketing, reveals the FSA’s whistleblowing team received 4,063 tip-offs between 1 April 2012 and 31 March 2013, up 13 per cent […]

Lloyds to make £450m from selling 15% stake in SJP

Lloyds Banking Group will make £450m from selling a further 15 per cent stake in St James’s Place. Lloyds announced it will sell 77 million shares in the firm last week with an offering of 580p after SJP shares rocketed in recent months. In March, Lloyds disposed of a 20 per cent stake in SJP […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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