UAE and Economic Substance – Don’t be tempted to avoid its relevance!
The implementation and management of Economic Substance Legislation (ESR) has been in existence for some time, across much of the financial services industry. Different jurisdictions have been introducing their own rules around this topic and the OECD has kept a watchful eye on its progress. This article isn’t intended to...
Read moreStable revenues amid solid divisional performance announced at PraxisIFM
The PraxisIFM Group’s re-focused strategy following the sale of its stand-alone Funds Division to Sanne Group, which is subject to regulatory approval, will see the business focus on its foundation pillars in both Private Wealth and Corporate Services, areas which represented 72% of the Group’s turnover. Its Pensions Division will...
Read morePraxisIFM celebrates fifth anniversary in ADGM and secures Corporate Services Provider Licence in the UAE Capital
PraxisIFM is celebrating its fifth year of establishment in the ADGM financial district and has been awarded a licence to operate as a Corporate Service Provider (CSP) and preferred partner, capable of advising and administering Special Purpose Vehicles and Foundations. The company, which is based on Al Maryah Island in...
Read moreThe Hong Kong connection – meet PraxisIFM’s Virginia Lee
Virginia Lee joined the PraxisIFM Hong Kong Trust team as part of the Group’s acquisition of Nerine Fiduciaries in 2019. She is now an Assistant Trust Manager based in our London office having relocated from Hong Kong earlier this year. We caught up with her to find out how she...
Read moreFormer Talk Talk CFO appointed PraxisIFM Chairman
PraxisIFM Group has today announced that Iain Torrens has been appointed as Chairman and a Non-Executive Director with effect from 1 September 2021. Iain will be based in the UK where he will retain his role as Chief Executive Officer of Faro Capital, an investment firm focused on the ownership...
Read moreNew Group Head of IT to enhance PraxisIFM IT infrastructure
The PraxisIFM Group has demonstrated a firm commitment to technology and systems with the creation of a new Group Head of IT Infrastructure and Projects role. James Coyle, who has spent the past four years working as an independent IT consultant and is based in Jersey, joined the Group at...
Read moreCitywealth lists PraxisIFM as finalists in the IFC awards
PraxisIFM has been shortlisted in two categories of the 2022 Citywealth International Financial Centre (IFC) Awards. Both our Hong Kong and Guernsey Private Client & Corporate teams have been named as finalists for Trust Company of the Year – Hong Kong & Singapore, and Guernsey respectively. The 11th edition of the Awards will take...
Read moreBursary award open for applications from Guernsey students
PraxisIFM is calling all Guernsey-resident prospective university students interested in gaining valuable workplace experience to apply for its annual PraxisIFM Bursary Award. The scheme, now in its fifth year, gives local students the chance to explore the financial services industry and the range of roles available, while at the same...
Read morePraxisIFM announces sale of Fund Administration division to Sanne Group plc
All-cash offer in excess of £50m for Fund Administration AuA of circa. £25bn to facilitate the growth and expansion of Private Wealth and Corporate Services divisions PraxisIFM Group today announced an agreement for the sale of its Fund Administration division to Sanne Group plc in an all-cash deal in excess...
Read morePraxisIFM power women achieve Citywealth shortlist success
Two PraxisIFM female leaders have been highlighted in the 2022 Citywealth Powerwomen Awards shortlist. Managing Director in our UK office Donna Shorto, who has twice been previously highlighted by Citywealth as a future leader, has been shortlisted for the Mentor of the Year award, while Joanna Caen, our Managing Director...
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