business
Movers&Shakers
Whilst at Neteller, Bruce was instrumental in driving it to over $250 Million in annual revenues, over 1 million consumer members and, at one time, to become the largest company on the AIM market in London. In addition, Bruce brings a proven track record in business development, mergers and acquisitions, venture capital and strategic planning.
increasing our engagement with other trade and professional bodies.’ Welcoming Mr Denton to the board Mr Dearden said: ‘At the heart of the ACSP is its mission to serve as the CSP industry’s voice in its dealings with government and regulatory bodies. As an accomplished CSP professional Mark is ideally equipped to develop the ACSP’s constructive consultative approach, introduce innovation and lead the association in its continuing efforts to help secure the island’s future economic stability.’
Boston Group launches eCommerce and eGaming practice with appointment of industry specialist Bruce Elliott Greg Ellison, CEO of local financial services group Boston, has announced the launch of a specialist eCommerce and eGaming practice as part of the company’s targeted international growth strategy. The launch has been given significant weight by the simultaneous appointment of Bruce Elliott to the newly created role of Group Commercial Director. Bruce, a leading industry figure with a stellar background in business development, eCommerce and eGaming, will sit on the Board and lead this initiative. Boston provides a range of corporate and fiduciary services for this market sector. These include standard services such as the establishment of efficient corporate structures, streamlined licence applications and provision of professional local directors. However, it will also offer more specialised services regarding software selection, website optimisation, global banking, online payment solutions and web hosting. Greg Ellison commented: “Having set in motion our high-growth strategy last year, we have broken into new markets both geographically and by industry, whilst redefining how financial and fiduciary services are delivered. As part of this, we have now committed to providing specialist services to both eGaming and broader eCommerce clients and Bruce’s appointment is central to this new offering. The combination of his industry knowledge and global experience, our investment in market-leading technology and the high level of service delivery Boston is already renowned for, is helping us create outstanding results for our clients.” Bruce Elliott brings a wealth of global leadership experience in eCommerce with licensed eGaming operator 188BET.com, eGaming software pioneer Microgaming and online payments specialist Neteller plc.
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NEW CHAIRMAN FOR ACSP The Association of Corporate Service Providers has announced that Mark Denton, managing director at SMP Partners, has been co-opted on to the ACSP board and appointed its new chairman, confirmation of which will be sought at the association’s October AGM. As chairman Mr Denton will succeed Phillip Dearden, managing director of PFK (Isle of Man) LLC, who has held the post for more than five years. Mr Denton, who has 25 years’ industry experience said: ‘I am pleased to be joining the board of the ACSP, a distinguished body that has represented the interests of the CSP industry to great effect for the last 12 years. During that time the combined vision of the association’s chairmen and board members has done much to advance the aims of the ACSP and I am relishing the challenge to build on their achievements. I would particularly like to thank Phillip Dearden for his excellent term as chairman during which the association has gone from strength to strength. ‘At this time of uncertainty, the ACSP has a vital role to play in helping create a positive business environment and bring resilience to the island’s financial services industry as a whole. Against this background it is my intention to take a very active role as ACSP chairman, bring a fresh perspective and, with the board’s support, to strengthen our dialogue with the government and the FSC. I also hope to extend the association’s reach by
NEW MD FOR SCOTTISH WIDOWS ISLE OF MAN Nigel Rothery has been appointed managing director of Scottish Widows in the Isle of Man. Born and bred in Yorkshire, Mr Rothery has worked in various senior management positions within the organisation under the CMI, HSBOS and latterly Lloyds Banking Group brands since 1985 and assumes the post previously held by Dean Waddingham, who has relocated to the UK. Mr Rothery, who is a member of the Chartered Institute of Internal Auditors, said: ‘I am proud to be building on the valuable contribution made to the group by Dean Waddingham, who developed the business and helped forge exceptionally strong links with the local community. It is therefore my intention to work closely with our 150-strong workforce to ensure Scottish Widows’ Isle of Man operation, which has some £6 billion in funds under management, continues to maintain its position as one of the Island’s pre-eminent finance sector employers, long recognised as a business with a deep commitment to fulfilling its corporate social responsibility obligations.’
isle of man style magazine