PraxisIFM and Isle of Man Trustee shortlisted in Magic Circle Awards 2022
PraxisIFM has been shortlisted for Trust Company of the Year in the 2022 Citywealth Magic Circle Awards. We are also celebrating the recognition of Isle of Man Trust Managing Director, Anna Mazzilli, who has been shortlisted for Trustee of the Year. The Magic Circle Awards have been celebrating excellence within...
Read morePraxisIFM employee breaks world record for 24-hour solo indoor row
Simon Johns from our Guernsey office has broken the world record for distance completed in a 24-hour solo indoor row. Sponsored by PraxisIFM, Simon rowed 302.515km, breaking the world record by an astonishing 22km and two hours. The event took place on 13 and 14 November 2021 and proceeds raised...
Read morePraxisIFM appoints two new Managing Directors appointed as the business moves into its next phase
The PraxisIFM Group is pleased to announce the appointment of Carsten Cramer as the new Managing Director of the Netherlands offices, replacing Daniel Reynolds, who will head up the firm’s Jersey office. Daniel replaces Richard Kearsey, who retires at the end of November after 21 years at the Group. Carsten...
Read morePraxisIFM supports employee to go the extra mile in world record attempt
PraxisIFM is proud to be the main sponsor of local rower and valued employee Simon Johns as he attempts to break the world record for distance completed in a 24-hour solo indoor row. The challenge, which will be raising money for charity, will take place on 13 and 14 November...
Read moreUAE 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...
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