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Psychology student awarded PraxisIFM Bursary

This year’s PraxisIFM Guernsey Bursary has been awarded to psychology student Sophie de Garis. It is the third year of the scheme, which attracted a record number of submissions. The Group’s bursary students are guaranteed paid work within each of the Guernsey office’s Trust, Fund and Pensions divisions, gaining exposure to...

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Brexit Q&A for multi-national businesses

It’s over three years since the UK voted to leave the European Union (EU) by a majority of 52% to 48%. Nine months later, in March 2017, then-Prime Minister Theresa May triggered Article 50 (the formal process to leave) meaning the UK was due to leave at the end of...

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OECD backs new Economic Substance Regimes

A number of jurisdictions where PraxisIFM provides services have introduced Economic Substance legislation following recommendations from the European Union and the Organisation for Economic Co-operation and Development (OECD). We are pleased to report the OECD forum on Harmful Tax Practices has reviewed the tax practices of those jurisdictions and confirmed...

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Two senior management appointments in Jersey Trust office

PraxisIFM has strengthened the senior management team in its Jersey Trust office with the appointment of Barbara McDonald as operations director and Jade Fellowes as senior manager. Barbara is responsible for overseeing the entire day-to-day operations of the company including internal audit, data protection and operational systems. She has over...

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GuernseyFC goalkeeper receives PraxisIFM support

Guernsey Football Club’s ambitions for the 2019/2020 season in the Isthmian League Bet Victor South East Division have been boosted with the support of PraxisIFM. Our sponsorship of Callum Stanton, the club’s ‘Young Player of the Year’ for the 2017/18 season and ‘Fans’ Player of the Season’ for the last...

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Training deadline approaches for California or New York employers

If you are subject to the New York or California laws requiring sexual harassment prevention training, please be aware of the deadlines to comply with the new legal requirements The upcoming deadlines under the new laws are: New York: October 9, 2019 California: January 1, 2020 New York State law...

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Hat trick of award nominations for PraxisIFM

PraxisIFM has been nominated and shortlisted in the ‘Trust Company of the Year’ category in two jurisdictions – Guernsey and Hong Kong – in the Citywealth International Finance Awards 2020. Client Director, Fritha Beck, from our Geneva office has also been nominated in the Trustee of the Year – Switzerland –...

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Donna Shorto shortlisted in the Citywealth Future Leaders Awards 2019

We are delighted to announce that Donna Shorto, PraxisIFM’s Managing Director in the UK has been shortlisted for ‘Trustee of the Year – Director’ category. The awards, now in their fifth year, champion young professionals in the wealth sector and highlight the leaders under 40 of today and tomorrow. The...

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What Brexit means for VAT-registered businesses

It’s the word we all dare to mention however, whether the UK leaves the EU with a deal or not, businesses need to consider the potential implications which may ensue. Of course, there remains a possibility that the current Government fails to deliver on Brexit which could force a general...

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