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AIFMD – The New Normal

July 22, 2018 marked the four-year anniversary of the Alternative Investment Fund Managers Directive (AIFMD) legislation coming into full effect throughout the European Union, including the end of the one-year grace period. There had been concerns from the financial sector surrounding the legislation in the years leading up to its...

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Acquisition of Jeffcote Donnison

PraxisIFM has made its fifth acquisition in a ten-month period with the purchase of Jeffcote Donnison’s (JD) trust and corporate administration business. The deal adds the Isle of Man to the independent financial services Group’s list of global jurisdictions and also extends its existing operations in London and Hong Kong....

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Citywealth IFC Awards 2019

We are delighted to announce that we’ve been nominated for two awards in Citywealth’s IFC Awards 2019. PraxisIFM has been shortlisted for Trust Company of the Year – Guernsey, and Director Matt Litten’s expertise has been recognised as he is on the shortlist for Trustee of the Year – Channel...

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PraxisIFM supports Africa football initiative

Jersey 2 Africa 4 Football Foundation is a not for profit organisation founded to create innovative and dynamic ways to improve young lives in Africa. The organisation has had an extremely positive impact both on and off the field, supplying football kits, balls, equipment, knowledge and techniques as well as...

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Acquisition of Nerine Trust

PraxisIFM has acquired Nerine Trust. It is the fourth acquisition in two years for the Channel Islands-based Group which has seen it grow from employing 300 staff in the summer of 2017 to 520 following completion of the acquisition. Nerine Trust was established in 1997 and provides private client &...

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Bursary Scheme Offers Insight Into Financial Services

PraxisIFM has launched its bursary scheme for a second year. As well as the scheme providing an annual bursary of £2,500, it also gives students an opportunity to gain valuable work experience and skills and forms part of the Group’s commitment to training and development. Group Head of Human Resources,...

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PraxisIFM issues call to Graduates

PRAXISIFM is offering students returning from university the chance to gain exposure to the finance industry through its Graduate Training Programme. The financial services group offers administration services across three key areas private client & corporate, funds and pensions and the two-year programme offers the chance to gain an understanding...

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PraxisIFM grows Netherlands business

PraxisIFM will expand its services in the Netherlands with the acquisition of corporate services provider GlobalFowardTrust from Stroeken Accountants. The Group has been growing its presence in the region since late 2017 and the latest acquisition adds IFRS, US GAAP and other specialist accountancy services to its existing international expansion...

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Structuring Trusts For Shari’a Compliant Clients

Increasingly, Muslim high-net-worth-individuals (HNWIs) are considering structuring their assets to deal with estate planning in a Shari’a setting. In addition, non-Shari’a countries are becoming more involved, because such family relocation results in a complex cross-border exercise which is difficult to get right. There is a growing need for efficient management...

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