The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, has appeared in court for the fourth time and been granted bail. Byrne, aged 48, faces four charges relating to alleged actions he took during his dealings with clients and regulators. Lumiere Wealth was ordered to be wound up by the […]

A judge has described the findings by administrators to two Guernsey-based investment firms, which form part of the Providence group, as a ‘steaming pile of guano’. At a hearing today, the administration managers from Deloitte for Providence Investment Funds PCC Limited and Providence Investment Management International Limited said their findings indicated more than £30m of […]

Carey Olsen has reported it was instrumental in acting swiftly on behalf of the Commission to secure the urgent protective relief sought for investors and for the Bailiwick as a whole, enabling the administrators and liquidators to gain access to the group to carry out their statutory duties Carey Olsen’s Dispute Resolution Group successfully secured […]

ISLANDERS with thousands of pounds invested in funds operated by Providence, the Guernsey-headquartered investment business, could be facing losses following global regulatory moves. Both the Guernsey Financial Services Commission and the US funds regulator, the Securities and Exchange Commission, have taken action in recent weeks and there are concerns that the island’s reputation will be […]