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Stacuity secures multi-million pound investment to fuel global growth
Stacuity, the Isle of Man headquartered innovative software-as-a-service company has announced the successful closure of its multi-million pound Series A funding round.
The investment round was spearheaded by Amigos Venture Capital, a boutique investment firm renowned for specialising in strategic investments within the telecom sector, alongside a consortium of prominent global investors. This significant funding milestone underscores strong investor confidence in Stacuity’s ground-breaking approach to connectivity, particularly its commitment to enhancing IoT and enterprise data services through its pioneering 'Edge' strategy.
Stacuity was founded in 2020 by a local team made up of Mike Bromich (CTO), Chris Hall (Chair), Roberta Castle (CRO) and UK based Tim Dowling (CCO), who all boast an impressive proven track record in building and scaling successful telecoms businesses. 70% of the Stacuity team and a number of investor shareholders are based here on the Isle of Man.
Mike Bromwich commented: “This investment marks both an exciting and pivotal moment for Stacuity, enabling us to take significant steps forward in reshaping the landscape of mobile connectivity. We are now poised to rapidly scale our global operations, expand our talented team and accelerate deployment of Stacuity’s global network of managed edge locations”.
Amigos Venture Capital Managing Partner, Mattias Rejman, said: "We are delighted to lead this investment
round for Stacuity. The team has demonstrated exceptional vision and technical capability, positioning the company at the forefront of next-generation telecoms innovation.”
Keystone Law Isle of Man, led by Corporate lawyer Stephen Rodd, advised Stacuity on all legal aspects of its Series A investment. This funding will fuel Stacuity's ongoing commitment to empowering businesses with game-changing connectivity solutions, driving further innovation, and expanding its market presence globally.
Stacuity is a pioneering software as a service (SaaS) platform provider of advanced connectivity solutions designed to provide Mobile Network Operators, Security and Connectivity Solution Providers with flexible, scalable, and secure mobile networking. The Stacuity platform empowers customers and partners to offer their Enterprise customers fully managed or self-serviced differentiated mobile connectivity, optimising performance and security for a wide range of applications.
Amigos Venture Capital is a boutique investment firm focused on strategic investments in telecom, connectivity, and fintech. With a global outlook, Amigos VC backs ambitious founders who are building the future of digital infrastructure and financial services. The firm combines deep operational expertise with an active, hands-on approach, offering capital, strategic guidance, and a worldwide network to help startups scale and succeed.
THIS INVESTMENT MARKS BOTH AN EXCITING AND PIVOTAL MOMENT FOR STACUITY, ENABLING US TO TAKE SIGNIFICANT STEPS FORWARD IN RESHAPING THE LANDSCAPE OF MOBILE CONNECTIVITY ‘‘
STACUITY FOUNDERS AND EXECUTIVE TEAM (FROM LEFT; CHRIS HALL - CHAI RMAN, ROBERTA CASTLE - CHIEF REVENUE OFFICER, MIKE BROMWICH - CHIEF TECHNOLOGY OFFICER, JOHN FREEMAN - CEO, TIM DOWLING - CHIEF COMMERCIAL OFFICER
Republic Financial Holdings makes offer for Cayman National remaining shares
Republic Financial Holdings Limited (RFHL), through its wholly owned subsidiary Republic Bank Trinidad & Tobago (Barbados) Limited (RBTTBL), on May 21, 2025 notified Cayman National Corporation Ltd. (Cayman National) of its intention to make an all-cash conditional offer to purchase the outstanding ordinary shares of Cayman National (Offer). On May 22, 2025, Cayman National announced the RFHL Notice to the Cayman Islands Stock Exchange (CSX). The offer circular to Cayman National shareholders and CSX will be published shortly, thereby officially opening the Offer.
The RFHL Group owns 31,754,248 ordinary shares representing 74.98% ownership of Cayman National. With this offer, the RFHL Group seeks to acquire up to 10,596,483 of the remaining ordinary shares, representing 25.02% of the issued shares of Cayman National, at an offer price of USD 7.75/share.
Nigel Baptiste, Group President and CEO of RFHL shared, "For us, this offer is in keeping with the Group's commitment to regional development and investing in the communities we serve, and is a natural evolution in the Group's expansion strategy." He added, "We have been in the Cayman Islands since 2006, so with this Offer, we are further demonstrating our confidence, unequivocal support, and long-term commitment to the economic growth of the Cayman Islands."
Established in 1974, Cayman National is the largest indigenous financial services company, providing Retail & Commercial Banking, Trust and Company Management, and Wealth Management services to domestic and international clients. Cayman National also has a presence in the Isle of Man.
With services spanning Retail & Commercial Banking, Wealth Management, Investment Banking, Trust, Offshore Banking and Insurance, the RFHL Group has operations domiciled in Anguilla, Barbados, the British Virgin Islands, the Cayman Islands, Dominica, Ghana, Grenada, Guyana, Isle of Man, St. Lucia, St. Kitts and Nevis, St. Maarten, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago.
Island advocates host international compatriots
Representatives from some of the world’s leading law firms have travelled to the Isle of Man for a prestigious three-day summit.
Hosted in association with established Manx law practice, Corlett Bolton & Co, the Cicero International League of Lawyers conference welcomed legal professionals from countries from across Europe, Singapore, the USA and Canada.
With just one member from each jurisdiction, Corlett Bolton was invited to join the Cicero League of International Lawyers nine years ago.
The League meets twice a year in different locations around the globe to discuss and formulate professional and commercial ideas to assist member firms and their clients involved in international trade or services.
Delegates were officially welcomed with ‘welcome’ drinks and a meal at the Bradda Glen in Port Erin before Fynoderee Distillery in Ramsey hosted the conference the following day.
A range of presentations included a talk on the newly introduced training programme for Island
lawyers, the use of AI in law firms for HR and compliance purposes, predicting and mitigating risks in AI and the promotion of junior members of Cicero.
Sally Bolton, Director of Corlett Bolton, said: ‘We were thrilled to welcome friends and fellow members of Cicero, which has a list of lawyers with first-class reputations. It’s important that we both champion the Isle of Man to those from further afield and are able to offer the additional, and extremely valuable, international knowledge which we get from this network.
‘The conference and associated events provided a superb opportunity for our firm to network with other leading law firms from around the world, share legal expertise and showcase our beautiful Island.’
Visitors also had the opportunity to go on a tour of the distillery and sightseeing at various locations, including around Castle Rushen, to the Sound and the west of the Island.
That was interspersed between a black-tie gala dinner at the Talk of the Town restaurant in Douglas.
Cains’ Director Steven Quayle Named ‘Recommended Aviation & Yachts Lawyer’
Cains has announced that Steven Quayle, Director and Head of its Shipping & Aviation team, has been recognised in Spear’s prestigious Legal Index 2025 as a “Recommended Aviation & Yachts Lawyer”. This marks the fourth consecutive year that Steven has been ranked among the industry’s top professionals.
Steven is the only Isle of Man lawyer featured in the newly published Aviation & Yachts rankings, which highlight just 30 leading lawyers across the UK, Europe and the USA.
Recognised as the benchmark for excellence, The Spear’s 500 was first launched in 2014 as a definitive guide to the world’s best private client advisors, wealth managers, lawyers, and service providers catering to ultra and high-net-worth individuals. The rankings are compiled by the Spear’s Research Unit through indepth interviews, peer reviews, analysis from subject matter experts, and insight gathered from clients, advisers and firms.
Steven has long been regarded as the go-to lawyer for aviation and maritime matters in the Isle of Man. With over 23 years of experience advising on domestic and cross-border asset finance, his expertise spans
business and commercial aviation, ship and superyacht finance. He also regularly advises on insolvency and enforcement actions against Isle of Man companies, ships, and aircraft. His client portfolio includes leading banks, asset financiers, multinationals, trust companies and ultra-high-networth individuals.
Robert Colquitt, Managing Director at Cains, commented: “Steven’s recognition in Spear’s Legal Index for the fourth consecutive year is a great achievement and well deserved. His knowledge and expertise in aviation and shipping law are well known in the Isle of Man, and his contribution to the sector, in partnership with the Isle of Man Aircraft Registry and the Isle of Man Shipping Registry, has helped shape the growth of these areas. We are proud to see him ranked among the best once again.”
This recognition comes amid another successful year for Cains’ Shipping & Aviation team, which has again secured a Tier 1 ranking in Legal 500 2025 where a client summed up the team’s approach: “The service levels are excellent, and all done in a very fuss-free style”.
NIGEL BAPTISTE
Refreshed branding for Canaccord Wealth
Canaccord Genuity Wealth Management based in the UK and Crown Dependencies is pleased to introduce refreshed branding, anchored by a new logo, colour palette and modernised visual elements. The logo, which previously read as ‘Canaccord Genuity Wealth Management’ has been streamlined to simply ‘Canaccord Wealth’ and set in a proprietary, modern typeface.
A top ten UK integrated wealth manager by assets under management, Canaccord Wealth has grown significantly over the past decade. The business is differentiated by a strong UK presence and international capabilities combined with an unwavering commitment to always go above and beyond for its clients. The refreshed branding captures this distinctive market position and will be carried across client touchpoints, including a new website experience at www.canaccord-wealth.com. The website features a modern and intuitive interface with improved functionality, ensuring that visitors can easily access the information and services they need.
Chief Marketing Officer, Jane Parry said: “Our clients are central to everything we do, and our refreshed branding aligns with their expectations and better reflects our unique market position.”
There are no changes to Canaccord Wealth’s business strategy, and it remains an important part of Canaccord Genuity Group Inc. Clients and employees of Canaccord Wealth will continue to benefit from access to the resources and expertise from across the organisation.
CEO, David Esfandi said: “It is our vision to be the best integrated wealth manager by performance and service and I am proud of the remarkable progress we have made to date. Our brand unifies our people and capabilities, while reflecting the distinguished experience that we strive to deliver for every client.”
MAC Group expands private client services with acquisition of Thornton Chartered Financial Planners’ business
SHARON SUTTON, MANAGING DIRECTOR OF THORNTON CHARTERED FINANCIAL PLANNERS; JON MCGOWAN, CEO OF MAC GROUP
MAC Group, a leading provider of financial services in the Isle of Man, has announced the acquisition of Thornton Chartered Financial Planners’ client portfolio.
Established in 2000 by Sharon Sutton, Thornton Chartered Financial Planners has built a strong reputation for delivering financial planning and regulated investment advice to private individuals, trustees, and business owners in the Isle of Man.
This acquisition strengthens MAC Group’s private client division by expanding its expertise and resources.
As part of the agreement, the Thornton Chartered Financial Planners team will relocate to MAC Group’s office in Douglas. Their clients will benefit from enhanced support and access to one of the Isle of Man’s largest teams of Financial Advisers, paraplanners, and administrators.
To ensure a seamless transition, Sharon Sutton, Managing Director of Thornton Chartered Financial Planners, will join MAC Group as a Consultant.
Jon McGowan, CEO of MAC Group, commented: ‘The acquisition of Thornton Chartered Financial Planners’ business marks a significant milestone in MAC Group’s strategic growth and further strengthens our private client services. Sharon and her team are known for their client-centric, ethical, and transparent approach to financial planning—values that strongly align with our own. We’re thrilled to welcome their talented team and clients to MAC Group and look forward to building on the excellent foundation they have established.’
Sharon Sutton, Managing Director of Thornton Chartered Financial Planners, added: “I am delighted to entrust our clients to the team at MAC Group. Jon and his team share our unwavering commitment to prioritising client outcomes and delivering excellence. I’m confident this acquisition will enhance the services available to our clients while upholding the high standards they have come to expect. I look forward to joining MAC Group as a Consultant and supporting a smooth transition alongside the team.”
This acquisition further solidifies MAC Group’s position as a leader in the Isle of Man’s financial services sector, enhancing its ability to provide expert, independent financial advice to a broader client base. Clients of Thornton Chartered Financial Planners can expect a seamless transition, continued access to personalised advice, and a broader range of financial planning solutions. With this acquisition, MAC Group now looks after nearly £1 billion in client assets.
Celebrating 20 years in business in 2024, MAC Group is the Island’s largest independent financial advisory and insurance broking group, and comprises: MAC Financial Limited, MAC Commercial and Professional Risks Limited and MAC Financial Pension Trustees, working with corporate and private clients based in the Isle of Man, to provide bespoke financial planning advice, pension administration, employee benefits and all-inclusive insurance broking.
Thornton Chartered Financial Planners provides multi-jurisdictional financial planning and regulated investment advice.
PORTFOLIO
GOVERNMENT
Roadshows offer opportunity to connect with government ministers
The Chief Minister, Alfred Cannan MHK, has announced another series of ‘Listening to you’ government roadshows are to be held across the Island.
Four events will again create opportunities for members of the public, including sixth form and college students, to meet the Council of Ministers for:
• Open conversations on topics and issues at front of mind for local people
• Discussions on Island Plan 2025-26 achievements, and to learn more about the government’s strategic aims
The events between 30 June and 3 July follow last year’s successful roadshow format, this year opening with a welcome and speech by the Chief Minister. This will be followed by time for one-to-one conversations with ministers before the floor is open for the Chief Minister and ministers to answer questions from the audience.
Members of the public are invited to attend any of the free roadshows. To help gauge numbers, the public are encouraged to register their attendance in advance on Eventbrite, and welcome to turn up on the day and register on arrival.
You can read more details online at Listening to You Roadshows and book online via Eventbrite.
Doors open at 5.15pm, events start at 5.30pm and finish at 8pm. Each venue is accessible with on-site car parking.
• Monday 30 June, Ramsey Grammar School
• Tuesday 1 July, Ballakermeen High School, Douglas
• Wednesday 2 July, Castle Rushen High School, Castletown
• Thursday 3 July, Queen Elizabeth II High School, Peel
The Chief Minister said: “From the past success of these events we know there is real value in making sure politicians are accessible to the public.
“It is crucial for ministers to meet and engage with the public on issues that impact everyday lives. These conversations mean we can understand concerns and priorities at first hand and make informed decisions that truly reflect the needs and aspirations of our community.
“It is equally important for the public to meet ministers to ask questions and receive a reply in the moment, in person. This helps to foster transparency and trust in government and allows us to share the government’s wider aims to ensure that policies are aligned with the interests of people in the Isle of Man.”
The Chief Minister is urging young people to attend the roadshows. He said: “For those aged 16 years and over, your voice matters. Engaging in these events is a fantastic opportunity to have your opinions heard. By participating, you can be part of meaningful conversations and help to influence the decisions that shape our community.”
CM attends Number 10
Chief Minister Alfred Cannan MHK attended an event at 10 Downing Street on Monday evening to mark the conclusion of the UK-EU Summit.
The event was attended by the Prime Minister and his Cabinet, alongside senior officials from the European Union, including Commission President Ursula Von der Leyen. Senior UK and EU business leaders and political leaders from the Devolved Administrations and Crown Dependencies also attended.
The Chief Minister said: “I was very pleased to be invited to attend this event, which provided an excellent opportunity to speak to many of the senior figures involved in the discussions around the UK-EU Reset. Isle of Man Government officials have been in discussions with UK officials about the negotiations for some months. It is helpful for me to talk to UK and EU Ministers in person to explain that although the Isle of Man is not a signatory to the agreement itself, we can be impacted by the decisions that they make. We want to make sure that we can benefit, wherever possible.”
Workforce report shows focus on staffing frontline services
The second quarterly report into the size and shape of the public service workforce has been published following a commitment to greater transparency and scrutiny over the size of the public service.
The report highlights the changes in each of the eight core Departments, breaking this down into divisions and also the movements from the last quarter, alongside the changes in Manx Care and the other Boards and Offices.
The report shows the overall Full Time Equivalent (FTE) for the Island’s public service across the core Departments stood at 4,407.04 FTE, a small increase of 7.15.
Including Manx Care the overall position stood at 7,842.3 on 31 March, representing an increase of 40.04 FTE since the first of the new quarterly reports was published in January, driven by a planned increase in front line roles.
Frontline jobs recruited to the Departments over the past three months include six additional staff into schools and 17 trainee police officers, reflecting annual cycles. Manx Care recruited two additional nurses for cardiac and stroke rehabilitation services, 20 residential support workers converting from a casual / bank basis, four social care workers and three support workers.
Sixteen Port security staff were transferred to the Department of Home Affairs as part of the Securing Our Island Strategy, from the Department of Infrastructure which overall reduced by 22.92 in the quarter.
Over the same period the number of people working in the Treasury, the Department for Enterprise, and the Department of Environment, Food and Agriculture, also dropped during the quarter.
Over the past three months, over 130 job roles have been reviewed under the new Recruitment Control Framework announced by the Chief Minster in January with the aim of scrutinising carefully the need for any further recruitment across the core Departments.
The Chief Minister, Alfred Cannan MHK, said: “This government has committed to publishing workforce figures each quarter to ensure that changes in the size and shape of the public service are transparent and subject to scrutiny
“I note there has been a small increase in the total public service headcount over the last three months. I am encouraged however that this is driven by investment into our critical frontline services to ensure they are adequately staffed. We have seen more police, more nurses and more care workers recruited, and I am also encouraged to see other Departments reduce in size but also add caution in that with an organisation of this size, there will always a level of natural movement each quarter.”
The Chief Minister continued: “It is important to bear in mind that at any given time a large number of public service jobs are vacant. The ebb and flow in the total headcount does not necessarily mean that new roles have been created or that the public service has grown in overall size. It is more likely that vacant jobs have been recruited to. Nonetheless, it is imperative we remain vigilant in scrutinising the creation of any new posts and ensuring roles are reviewed when they become vacant and not automatically re-advertised.’
Treasury seeking non-exec director
A recruitment process is under way to appoint a non-executive director with substantial financial experience to the Manx Development Corporation (MDC). The process is being undertaken by the Treasury, as sole shareholder.
The MDC was established in September 2021 to make a long-term contribution to urban and brownfield regeneration. While remaining accountable to the Treasury, it operates at arm’s length from the Isle of Man Government.
The successful applicant will oversee financial governance, internal control, audit and risk management, including chairing the Audit and Risk Committee.
The deadline for applications is Sunday 15 June at 11:59 pm.
Chief Minister continues programme of constructive engagement with UK Government
The Chief Minister Alfred Cannan MHK was in London last month for meetings with UK ministers, ambassadors and several members of parliament.
The Chef Minister met with Cabinet Office Minister Nick Thomas-Symonds MP, alongside ministers from the Channel Islands, to discuss the forthcoming UK-EU reset negotiations.
Mr Cannan commented: “It is important that we understand the UK’s priorities and the areas that are likely to be discussed in the negotiations. We are then able to say if, or how, we might be affected, and to put our point across. We appreciate the UK being open to this dialogue, as it means we can ensure that we are included in any eventual agreement to the extent that suits us.”
The Chief Minister also met with Energy Minister Michael Shanks MP, again, alongside Channel Islands colleagues, where the potential for the Crown Dependencies to contribute to UK green energy targets was discussed. He also met the Lord Chancellor Shabana Mahmood and held a meeting with Switzerland’s Ambassador to the United Kingdom His Excellency Markus Leitner. The European Union’s Ambassador to the United Kingdom His Excellency Pedro Serrano hosted an event to mark Europe Day which the Chief Minister attended.
Book your place at 2025 Countering Financial Crime Conference
A strong line-up of speakers is being assembled for the Isle of Man’s second Countering Financial Crime Conference.
Tickets for the flagship event, which is scheduled to take place at the Villa Marina on Wednesday 3 September 2025, can now be reserved via Eventbrite.
Leading practitioners, experts and policymakers will share their professional insight and highlight best practice aimed at combating money laundering (ML), terrorist financing (TF), proliferation financing (PF) and other financial crime-related activity.
The agenda will provide an international perspective on the latest developments in relation to a range of key ML/TF/PF matters. The presentations will explore case studies, typologies and red flags, as well as new approaches aimed at strengthening a country’s defences against exploitation by criminals.
The Island’s MONEYVAL evaluation in 2026 will also be a topic for discussion, with the opportunity for members of the audience to ask questions of a panel of experts.
The all-day conference will build on the success of last year when the speakers emphasised the importance of public-private sector collaboration and the need for a robust and coordinated national response to combat ML/TF/PF.
Representatives from the Island’s business community are encouraged to sign up for the conference, which is being organised by the Financial Services Authority in conjunction with agencies including Government’s AML/CFT Policy Office, IOM Financial Crime Partnership, Gambling Supervision Commission, Financial
Intelligence Unit, Constabulary, Customs and Immigration, HM Attorney General’s Chambers and the Department for Enterprise.
As was the case in 2024, the event is being predominantly funded through the Island’s Seized Assets Fund and will support efforts to maintain the integrity of the Island’s financial services sector through capacity building and the exchange of knowledge. The £60 cost of a ticket includes breakfast, lunch and tea/coffee.
While some off-Island speakers have already accepted an invitation to appear at the conference, the full line-up will be confirmed nearer the time. As such, ideas are welcome for themes and topics to be covered on the day to ensure the content is relevant for an Isle of Man audience. Suggestions can be sent to amlevents@iomfsa.im
David Baker, Senior Manager in the Authority’s AML/CFT Supervision Division, said: ‘The conference provides a great opportunity for Island professionals to hear from speakers who are at the forefront of international efforts to deter financial crime. We want to strengthen collaboration and share best practice to ensure the Island is well placed to respond to current and emerging threats.’
The day after the conference, Thursday 4 September 2025, a further event will be held to highlight the work taking place to update the Island’s National Risk Assessment (NRA). The session will help to raise awareness of the NRA process, explain the delivery and publication timetable in more detail and discuss key findings from the assessment of different sectors. Further information will be provided in due course.
FREELANCE WRITER & EDITOR
Books, magazines, brochures, columns, reports, website copy - whatever your literary needs, I have more than 30 years’ experience working with individuals, businesses and charities.
CHIEF MINISTER ALFRED CANNAN MHK AND THE LORD CHANCELLOR AND SECRETARY OF STATE FOR JUSTICE SHABANA MAHMOOD MP
FEATURES PORTFOLIO
NEDBANK PRIVATE WEALTH NAMED ONE OF THE SUNDAY TIMES UK BEST PLACES TO WORK 2025
NEDBANK PRIVATE WEALTH, WHICH IS HEADQUARTERED IN THE ISLE OF MAN, IS THE ONLY PRIVATE BANK TO RANK ON THE SUNDAY TIMES UK 115 ‘BIG BEST PLACES TO WORK’
Nedbank Private Wealth, the boutique wealth manager and private bank headquartered in the Isle of Man, has announced it has secured its place among the 2025 Sunday Times Best Places to Work. It is the only private bank on its list of 115 UK ‘Big Best Places to Work”.
Nedbank Private Wealth has over 300 employees across its offices, which include Isle of Man, UK, Jersey and its representative office in Dubai.
The newly released Sunday Times Best Places to Work 2025, in partnership with leading employee experience platform WorkL, marks a continued run of recognition for Nedbank Private Wealth as a top-tier employer committed to excellence in workplace culture, diversity, and employee wellbeing. Nedbank Private Wealth first appeared on the list in 2005 and has regularly been recognised by The Sunday Times in the 20 years since.
The prestigious annual list celebrates over 500 UK employers across industries and shines a spotlight on organisations that go above and beyond to create inclusive, engaging, and rewarding work environments.
Nedbank Private Wealth’s repeated inclusion is testament to its employee-first philosophy, guided by its values of trust, empowerment, and meaningful purpose. The business excels across critical areas measured by WorkL’s scientific framework including reward and recognition, wellbeing, empowerment, and job satisfaction.
Stuart Cummins, CEO, Nedbank Private Wealth: “To be amongst the best places the work by The Sunday
Times is an incredible achievement. It reflects our continued investment in building a workplace where people feel genuinely valued, heard, and empowered. This recognition is about our people – and the extraordinary culture they’ve helped to shape.”
“This recognition not only highlights the bank's excellence in financial services, but also its commitment to building a workplace where everyone – from early career talent to seasoned professionals – feels seen, supported, and inspired to thrive.”
Rachel Quirk, Executive Head of HR, Nedbank Private Wealth: “Being consistently ranked among the UK’s Best Places to Work reaffirms our commitment to our culture and how our business runs. Culture isn’t an add-on here, it drives performance and we actively shape our environment to trust, empower and grow our people. They aren’t just values for values sake - they’re embedded in everything we do. We purposefully invest in our people and support them to do their very best in both their work and personal lives.
“At Nedbank Private Wealth, we see culture as a practical lever for performance and wellbeing as essential to that equation. This recognition reaffirms our commitment to creating a culture rooted in trust, accountability, and long-term growth. Our HR team continues to invest in systems that not only support employees to do their best job possible but also empower them to maintain a healthy work-life balance.
“We actively promote resources and support for those navigating the challenges of modern work.”
‘‘
THIS RECOGNITION IS ABOUT OUR PEOPLE – AND THE EXTRAORDINARY CULTURE THEY’VE HELPED TO SHAPE
STUART CUMMINS
DOES WEALTH ALWAYS EQUAL HAPPINESS? NEW RESEARCH SUGGESTS NO
NEW NEDBANK PRIVATE WEALTH RESEARCH UNCOVERS A MORE COMPLEX PICTURE OF WEALTH, REVEALING THE PRIVATE PRESSURES OF LEADERSHIP AND LEGACY AT THE TOP
ANDREW HALSALL, HEAD OF PRIVATE BANKING, ISLE OF MAN, NEDBANK PRIVATE WEALTH
In a climate of economic uncertainty – marked by slowing growth, rising inflation and global trade tensions – UK business leaders and wealthy individuals are facing increasingly complex financial decisions and mounting personal pressures.
Far from the glossy portrayals of effortless affluence, a more nuanced picture of wealth is emerging.
New research from boutique wealth manager and private bank Nedbank Private Wealth reveals that many high-net-worth individuals are under significant emotional strain, grappling with the burden of safeguarding assets, supporting family, and making difficult decisions under stress. The findings challenge long-held assumptions that wealth guarantees happiness or an easy life – with many now defining true wealth in terms of emotional wellbeing, peace of mind and a sense of control.
The findings offer rare insight into the emotional and psychological pressures facing those steering UK businesses and managing family wealth. A poll of 600 high-net-worth individuals and business owners in the UK including the Isle of Man, found that 96% are concerned about managing wealth in today’s climate (UK: 98%), and 94% experience emotional challenges (UK: 91%) in doing so.
For almost one in five in the Isle of Man, the struggle to balance business demands with family life is the most pressing emotional hurdle (UK: over one in five).
This may help explain why 78% in the region believe the threshold of what it means to be 'wealthy' has risen in recent years, as individuals seek a greater sense of security. 76% believe you need over £3m to be considered wealthy in 2025.
When asked about respondents’ top emotional challenges, common themes included anxiousness about financial risk in an unpredictable world, and the difficulty of balancing business demands with personal or family priorities. The burden of responsibility for others' financial wellbeing weighs heavily on many, challenging assumptions about detachment at the top. Far from being out of touch, many leaders are quietly shouldering the emotional weight of keeping businesses, livelihoods, and long-term legacies on track.
Against a backdrop of popular culture fixated on extreme depictions of wealth, from The White Lotus and Saltburn to Succession, 28% of Isle of Man respondents said public narratives focus too heavily on excess and selfishness. Many believe the cultural portrayal of wealth ignores the emotional and moral
responsibility it can carry.
However, the research also uncovered gender differences in emotional challenges. More women than men in the UK cited balancing professional and personal demands and pressures around maintaining a lifestyle or social role as their biggest strain. Women are also slightly more likely to feel responsible for others’ financial wellbeing.
Legacy, too, is being redefined. When asked about changes respondents are making to their financial legacy considering the current economic climate, 40% of Isle of Man respondents are prioritising reviewing the types of investments they have. Over one in four, echoing Bill Gates’s commitment to philanthropy, are viewing legacy through a broader lens - one rooted in ethics, contribution, and community impact.
When asked what lies behind these pressures, many cite a fear of failure, feeling caught in a high-risk, highreward cycle, and experiencing imposter syndrome. Others speak of the anxiety that comes from sacrificing mental health or peace of mind for profit, and the isolation that stems from being misunderstood, even by those closest to them. Difficulties trusting others, maintaining friendships without strain, and a persistent sense of vulnerability also emerge as recurring themes, which over time can impact overall wellbeing.
Andrew Halsall, Head of Private Banking, Isle of Man, commented: “On the Isle of Man, we have the privilege of working with individuals whose wealth is often deeply intertwined with family legacy, community ties, and the island’s economic fabric. Wealth here doesn’t insulate people from life’s complexities – if anything, it brings an added layer of responsibility. Many of our clients are custodians of generational businesses, local enterprises, and charitable commitments that impact not just their families, but the broader community.
“In uncertain times, that responsibility can feel even heavier. Our role in private banking isn’t just about safeguarding assets; it’s about supporting the people behind them - offering clarity, empathy, and guidance as they navigate the personal and emotional realities that come with success and stewardship. True wealth management understands the human side of affluence, especially in a close-knit community like ours.”
The findings arrive at a time of renewed cultural reflection on wealth and wellbeing. Rather than calling for sympathy, they offer a powerful case for a more nuanced conversation about affluence – one that recognises not just the privileges, but the pressures that come with leadership, success and responsibility.
LEGACY, TOO, IS BEING REDEFINED. WHEN ASKED ABOUT CHANGES RESPONDENTS ARE MAKING TO THEIR FINANCIAL LEGACY CONSIDERING THE CURRENT ECONOMIC CLIMATE, 40% OF ISLE OF MAN RESPONDENTS ARE PRIORITISING REVIEWING THE TYPES OF INVESTMENTS THEY HAVE. OVER ONE IN FOUR ARE VIEWING LEGACY THROUGH A BROADER LENS - ONE ROOTED IN ETHICS, CONTRIBUTION, AND COMMUNITY IMPACT
SURE CONNECT FOR MICROSOFT TEAMS: THE SMART WAY TO SIMPLIFY BUSINESS COMMUNICATION
DO YOU EVER FEEL WEIGHED DOWN BY THE SHEER AMOUNT OF APPLICATIONS OUR DAILY WORKING LIVES DEPEND ON? BY ELIMINATING SOME OF THESE OBSOLETE PRACTICES, YOU CAN SAVE TIME AND ULTIMATELY MONEY FOR YOUR BUSINESS.
Sure Connect for Microsoft Teams is an innovative service that fully integrates business phone systems into the Microsoft Teams platform. Enterprise Product Manager David Salisbury explains how Sure Connect is transforming business communication and making it easier than ever for companies to stay connected.
WHAT IS SURE CONNECT FOR MICROSOFT TEAMS?
Sure Connect provides the connectivity between a traditional landline in a business and integrates this with the now-familiar Microsoft Teams application, creating a seamless and efficient collaboration environment.
“True unified communications bring everything to the desktop, enabling hybrid working in a way that traditional phone systems simply can’t,” says David Salisbury. “As remote work continues to shape the modern workplace, the need for a reliable and fully integrated communication solution has never been greater.”
WHAT ABOUT DESK PHONES?
For businesses transitioning from traditional desk phones, Sure Connect eliminates the need for expensive hardware while providing greater flexibility. “With Sure Connect, employees make and receive calls from anywhere and everywhere using their current landline number on their laptop or mobile device,” David explains.
configure and manage Sure Connect from the same console they use to manage their Azure tenant, reducing complexity and improving efficiency.
• Flexible call handling – Features like AI-driven call transcription enhance call management and allow for easy documentation of important conversations.
• Seamless integration – Sure Connect works in harmony with other Microsoft 365 applications, providing a fully unified communication experience.
• Cost savings – Removing physical desk phones reduces both upfront investment and ongoing maintenance costs.
IS IT RIGHT FOR MY BUSINESS?
Sure Connect is best suited for office-based companies with more than 11 users. These businesses often require a reliable system that works efficiently under demand, and when you switch to any new IT system it’s natural to worry about the disruption caused by needs to install new kit. Installation is incredibly simple, there’s no hardware to support, and everything is configured in minutes.
Sure Business takes a hands-on approach to getting customers set up with any new product or service. Our goal is to make the transition as straightforward as possible.
A NEW ERA OF SEAMLESS COMMUNICATION
INSTALLATION IS INCREDIBLY SIMPLE, THERE’S NO HARDWARE TO SUPPORT AND EVERYTHING IS CONFIGURED IN MINUTES
This shift not only reduces hardware costs but also streamlines communication, ensuring that employees are always reachable without the constraints of a fixed office setup. Keeping the number is a bonus for established businesses.
We understand that desk phones still have a place in some businesses, and if you’re unsure on how to upgrade, or if your communication system is perhaps not meeting your needs, our experts can advise and provide a range of phones to suit any requirement.
WHAT ARE THE KEY BENEFITS?
• Simplicity for users – Employees can make and receive calls within Microsoft Teams, using the same app for all communication needs.
• Simplicity for administrators – IT admins can
Ultimately, Sure Connect for Microsoft Teams is a future-proof communication solution that aligns with the evolving needs of businesses. By embracing this technology, companies can reduce costs, enhance productivity, and provide their employees with the tools they need to communicate effortlessly, from anywhere.
To learn more about how Sure Connect for Microsoft Teams can benefit your business, speak to our team at business.sure.com/contact
ISLE OF MAN MEATS NEW LEADERSHIP TEAM TO SECURE ISLAND'S FOOD FUTURE
ISLE OF MAN MEATS HAS ANNOUNCED THE APPOINTMENT OF A NEW SENIOR LEADERSHIP TEAM, MARKING A PIVOTAL STEP IN THE COMPANY’S TRANSFORMATION TO BECOME A PRIMARY CONTRIBUTOR TO THE ISLAND’S FOOD SECURITY.
The move follows a strategic restructure by the nonexecutive board, which stepped in at the end of 2024 to reset the company’s direction and better serve the local community. These new appointments reflect Isle of Man Meats’ commitment to a renewed purpose, one that goes beyond the practical function of being the Island’s only abattoir. The company aims to become the vital link between local farmers and families, championing local produce and strengthening the resilience of Manx agriculture.
Damien Corcoran, Chairman of the Board since
September 2024, outlined the company’s revised vision: “We acknowledge the significant challenges we face, and the team is fully committed to delivering steady, strategic progress as we evolve into a modern, efficient, and purpose-driven organisation. We must restore trust and strengthen our contribution to food security. In doing so, we will create a more sustainable and resilient future for the Island. We are part of a much broader food story, one that is integral to the Island’s economy, identity, and long-term wellbeing.”
The newly appointed senior leadership team
comprises:
• Michael Barker - General Manager
• Amanda Wadsworth - Head of People
• Mike De Oliveira - Head of Production
• Chloe Duke - Head of Finance
• Garth Jerome - Head of Compliance & Procurement
This experienced team has been brought together for their complementary skills, values-driven approach, and commitment to transforming Isle of Man Meats into a trusted, future-ready organisation.
Immediate priorities include improving operational
performance, enhancing product quality, and rebuilding relationships with farmers, butchers, and consumers. Longer-term goals involve modernising the plant while honouring the Island’s agricultural heritage and adapting to changing consumer expectations around sustainability and local sourcing.
Mr Corcoran continues to maintain open dialogue with the Manx National Farmers’ Union (MNFU), with both parties committed to building a constructive working relationship following significant criticism of the company in 2024.
He added: “The Board’s mission is to facilitate the efficient delivery of Manx produce. The Manx public are our primary customers, and we serve them through our network of local butchers.
“We are also deeply grateful to the wider team, who have kept the business moving through a difficult and uncertain period. Together, we will deliver real change; modernising operations while preserving our core values and the Island’s traditional agricultural heritage.
“This is a defining moment for Isle of Man Meats. We are working diligently to rebuild public confidence and ensure all our stakeholders believe in our expertise, purpose, and long-term vision. This will help safeguard Manx food security for generations to come.”
Michael Barker - appointed as General Manager, brings
decades of experience across retail, wholesale, and food service sectors, as well as a strong background as a fully trained butcher. Having worked with major food companies including Spinneys, Carrefour, and The Landmark Group in the GCC region, he has successfully led multi-site operations and managed teams of over 200 employees. His expertise in commercial planning, product strategy, and international sourcing will be instrumental in driving Isle of Man Meats' transformation.
“Michael's strategic mindset and extensive technical knowledge make him the ideal person to lead our company through this crucial phase,” said Mr Corcoran. “His proven track record will ensure we achieve commercial growth whilst maintaining product quality and rebuilding trust with our stakeholders.”
Amanda Wadsworth - as Head of People, she joins with expertise in talent acquisition and employee engagement. Her role will be vital in building confidence and morale within the team, many of whom have worked through years of uncertainty, and in attracting and retaining a new generation of skilled employees.
Mike De Oliveira - as Head of Production, brings invaluable expertise from over 30 years of hands-on
butchery and large-scale meat production experience. Mike brings a wealth of practical knowledge, technical skill, and leadership to Isle of Man Meats. He has previously held senior roles at Direct Meats, Haloodies, and Tesco UK.
His ability to streamline production and enhance quality control will be crucial in improving operational performance and efficiency within the plant.
Chloe Duke - Head of Finance, brings over a decade of experience from IFGL and RL360. She relocated to the Island with her family at the age two, and her deep understanding of the local financial landscape will be instrumental in securing a sustainable financial model that balances the interests of farmers, consumers, the Isle of Man Government, and the business.
Garth Jerome - Head of Compliance & Procurement, joins with extensive experience in food safety, farming, and agricultural supply chain management, having previously overseen a 2,400-hectare operation with a 1,300-head beef herd. His role at Isle of Man Meats is pivotal in two key areas: ensuring strict compliance with UK and international safety standards, and leading livestock procurement and intake.
As the main point of contact for producers, Garth is focused on building strong, respectful relationships that foster open communication and shared goals.
DAMIEN CORCORAN (CHAIRMAN OF NON-EXEC BOARD) ; MICHAEL BARKER (GM) ; AMANDA WADSWORTH (HEAD OF PEOPLE) ; MIKE DE OLIVEIRA (HEAD OF PRODUCTION) ; CHLOE DUKE (HEAD OF FINANCE)
GARTH JEROME (HEAD OF COMPLIANCE AND PROCUREMENT) .
ELLANSTONE SUPPORTS THREE INNOVATION CHALLENGE FINALISTS
THREE FINALISTS IN THIS YEAR’S ISLE OF MAN INNOVATION CHALLENGE HAVE BEEN SUPPORTED BY ELLANSTONE, THE ISLAND-BA SED SPECIALIST CONSULTANCY DEDICATED TO FOSTERING PARTNERSHIPS ON AND OFF-ISLAND.
PAUL MURPHY FROM IOM INNOVATION CHALLENGE FINALISTS WERK SOLUTIONS LTD, AND BRENDON KENNY, CHIEF INNOVATION OFFICER AT ELLANSTONE.
‘‘
THE ISLE OF MAN HAS ALWAYS PUNCHED ABOVE ITS WEIGHT. NOW MORE THAN EVER, IT MUST CONTINUE TO BUILD ON THAT LEGACY, CREATING SOLUTIONS THAT TACKLE REAL CHALLENGES, UNLOCK NEW OPPORTUNITIES, AND BRING LASTING VALUE TO OUR COMMUNITIES.
The Innovation Challenge is organised by the Department of Enterprise’s Executive Agencies, led by Digital Isle of Man and in collaboration with Business Isle of Man, Finance Isle of Man and Visit Isle of Man. It promotes innovation and collaboration in the technology sector and attracted more than 100 entries, including businsess from the Isle of Man, UK, India, South Africa, Brazil, Austria and Singapore.
Fifteen businesses have been chosen as finalists and will go forward to the challenge’s finale at the Comis Hotel on June 26. The three finalists supported by Ellanstone are:
Werk Solutions (werksolutions.co.uk)
They offer a radical reimagining of mainstream education that puts inclusion, trauma awareness and emotional safety first. Their solution is built for every learner, with a focus on those with special educational needs and disabilities.
Joggle.ai
An intuitive AI platform designed specifically for small businesses. Joggle helps Isle of Man SMEs save time, reduce admin, and make smarter decisions, giving them the space to grow and thrive in a competitive world.
Carbon Happy World (carbonhappy.world)
A solution that uses the Island’s own data stewardship framework to track, manage and reduce
emissions across the public and private sector. A practical, scalable step towards a cleaner, greener island.
Brendon Kenny, Ellanstone’s Chief Innovation Officer, said: "Innovation is not just a buzzword – it is the foundation of our future. At Ellanstone we are passionate about helping visionary ideas take root here on the Isle of Man. These three projects show exactly how we can lead the way in changing education, advancing net-zero and unlocking the power of AI for small businesses. We are proud to stand behind them and proud to be pushing the boundary for the benefit of everyone on our Island."
He described the the Innovation Challenge as ‘a testament to the Island’s spirit of invention, creativity, and bold thinking’, and that the finalists reflect the ‘next chapter of the Isle of Man’s story, one rooted in innovation, guided by the Island Plan, and driven by a belief that we can shape a better future for all who live and work here’.
Mr Kenny added: “The Isle of Man has always punched above its weight. Now more than ever, it must continue to build on that legacy, creating solutions that tackle real challenges, unlock new opportunities, and bring lasting value to our communities. Ellanstone is proud to be part of that mission. The three finalists we support are pushing the boundaries of what is possible.”
carbon
THE LEFT BRAIN IS YOUR STRAIT-LACED, ORDERLY, SPREADSHEET-WIELDING ANALYST. THE RIGHT BRAIN, MEANWHILE, IS BAREFOOT, COVERED IN GLITTER, AND WHISPERING THINGS LIKE “WHAT IF WE USED INTERPRETIVE DANCE TO EXPLAIN THE ANNUAL REPORT?”
MARKETING: A MEETING OF MINDS
TERRY VAN RHYN, FORMER DAYDREAMER, PART-TIME DOODLER AND FOUNDER OF ASHGROVE MARKETING, PONDERS THE PECULIAR, PERPLEXING AND PROFOUNDLY USEFUL BRAIN OF THE CREATIVE PROFESSIONAL.
Many years ago – and I mean the kind of years that show up in laugh lines and an increasing collection of reading glasses – I was accused by a very serious maths teacher of “drifting off”.
This was not, as you might hope, a metaphor for a daring sail into the unknown, or a scuba dive into the deepest oceans, but rather a frustrated observation of me staring out the window, mid-algebra lesson, sketching a dragon wearing sunglasses on the back of my notebook.
“You’ll never get anywhere with your head in the clouds,” she warned. To be fair, numbers and I have never worked well together.
But, dear Mrs Schultz, it turns out there is a market for cloud-based thinking. It's called advertising!
It’s a perfect outlet for the peculiar wiring of the creative mind: a glorious mash-up of imagination, pattern recognition, caffeine dependency, and the insatiable curiosity to explore the unknown.
We are, of course, told that there are left and right brain functions. Let’s imagine the two on a bicycle together - each in charge of one pedal.
The classic theory goes something like this: the left brain is your strait-laced, spreadsheet-wielding analyst. It likes order, logic, and knowing precisely how many times the client has changed their mind this week. The right brain, meanwhile, is barefoot, covered in glitter, and whispering things like “what if we used interpretive dance to explain the annual report?”
It's tempting to think creative people must have an overblown right brain function but, here’s the thing: real creativity isn’t about choosing one over the other. It’s about both of them pedalling the same bicycle through a minefield of client expectations and budget constraints.
Creativity in business is less about “thinking outside the box” and more about realising the box was actually a hat all along – and then turning it into a wildly successful social media campaign with unexpected emotional resonance.
If you’ve ever worked with a truly creative person, you’ll know they don’t walk from point A to B. They go from A to “what if B had a moustache?” via an unplanned detour through the museum of forgotten fonts and a lunchtime conversation about Victorian circus posters. Going down various rabbit holes, playing ‘what if” in this fashion, is not a flaw, but a gift.
The rabbit holes, the tangents, the connections no one else sees – these are the ingredients of innovation. They allow a creative thinker to approach complex
business problems not as puzzles to be solved, but as stories to be rewritten.
While some might see chaos, the creative mind sees patterns – often obscure, often strange, but always promising. It's how we end up with perfume ads that make no sense yet sell millions, or packaging design that makes someone feel something when they open a box of tea.
Creativity in the business world is not simply window dressing – it is often what separates your brand from the pack. There is a dangerous myth that creativity is the frosting on the cake of business. Something fluffy and nice-to-have, as long as it doesn’t get in the way of the “serious stuff”.
But if you’ve ever launched a product, repositioned a brand, or tried to explain your USP in a way that doesn’t make people’s eyes glaze over – you’ll know that creative thinking is serious stuff.
Creativity is what takes a tired proposition and breathes life into it. It’s what turns a line of code into an app people love or transforms a dull insurance policy into a brand with heart. It’s what helps businesses connect with humans – and last time I checked, that’s still who we’re all selling to.
The creative psyche is loosely screwed on and lovingly tuned to receive. There is no doubt that creative people can be maddening. We’re contradictory creatures: curious but easily distracted, enthusiastic but sceptical, boundary-pushing but sensitive to criticism. We want freedom, but also feedback. We’ll ask you to “trust the process” while frantically reworking it five minutes before the deadline.
The payoff is that, when you give creative minds room to breathe, they bring you something extraordinary. Not just a new font or a cheeky headline – but a whole new way of looking at the problem. A fresh narrative and a solution that doesn’t just tick a box but creates a ripple.
In business, as in life, there’s comfort in logic. But there’s magic in the mess. The brands we remember, the campaigns that move us, the ideas that change the game – they don’t come from playing it safe. They come from the ones with heads in the clouds and feet occasionally on the ground.
So, the next time you see someone staring out of the window or scribbling a mind map that looks like a conspiracy theory, don’t drag them back to the spreadsheet. Give them a cup of tea, let them chase the rabbit – and see what wonders they bring back.
After all, while logic can take you from A to B, creativity can take you to all the way to wow!
TERRY VAN RHYN MANAGING DIRECTOR AND FOUNDER, ASHGROVE MARKETING
“BUSHY’S”
If someone says they’re off to Bushy’s, they’re talking about the famous beer tent (and now beer garden at the Villa Marina in Douglas) that pops up during TT. It’s a go-to spot for race fans, live music and a post-lap pint.
“MAD SUNDAY”
Once upon a time, not so long ago, Mad Sunday was an informal tradition where spectators could ride the TT course themselves on closed roads, with marshals and plenty of enthusiasm (and the occasional crash). But from 2023, the practice was retired to make room for a revamped racing schedule.
“SIGNPOST CORNER”
This is one of the final corners of the course. When riders hit Signpost, they’re heading down towards the finish line. You might hear talk about the “lights on at Signpost” - that’s the dashboard lighting up, signalling they’re in the final stretch and giving it everything.
“ON THE PIPE”
This old-school phrase refers to a two-stroke engine hitting its power sweet spot, meaning maximum performance and peak revs. You won’t hear it as much these days (modern TT bikes are mostly four-strokes), but it’s still used to describe a bike that’s absolutely flying.
“THE SENIOR”
The big one. The Senior TT is the most prestigious race of the fortnight, traditionally held on the final day of the fortnight. Fastest bikes, top riders, ultimate glory.
TALKIN’ TT: A FIRST-TIMER’S GUIDE TO ISLE OF MAN TT LINGO
THE ENGINES ARE ROARING, THE FLAGS ARE WAVING AND IF YOU’RE STANDING ANYWHERE ALONG THE MOUNTAIN COURSE WONDERING WHAT ON EARTH A “SUPERSTOCK” IS OR WHY SOMEONE JUST SHOUTED “THEY’RE ON THE PIPE!”, YO U’RE NOT ALONE. IF YOU’VE JUST MOVED TO THE ISLAND OR YOU’R E FINALLY CHECKING TT OFF YOUR BUCKET LIST, THERE’S NO SHAME IN BEING A BIT LOST IN THE LINGO. HERE’S A QUICK CRASH COURSE IN TT SPEAK TO HELP YOU BLEND IN A LITTLE BETTER, CHEER AT THE RIGHT MOMENTS AND MAYBE EVEN IMPRESS YOUR MATES AT THE PUB AFTER THE RACE.
“SECTOR TIMES”
The course is split into timed sectors and riders’ progress is tracked throughout. These split times help fans, commentators and teams see where time’s gained or lost. After all, the TT is one long time trial.
“SCRUTINEERING”
Not as scary as it sounds! Scrutineering is the safety and technical check each bike goes through before hitting the course. Officials inspect everything to make sure the machines meet strict TT regulations. Think of it as a very intense MOT.
“THE COURSE”
Shorthand for the Snaefell Mountain Course, the full 37.73 miles of public roads transformed into a legendary racing circuit. It’s fast, technical, unforgiving…and utterly iconic!
“SUPERSTOCK”
This race class uses bikes that are very close to what you could (in theory) buy from a showroom. Few modifications are allowed, which means it’s all about rider skill. No hiding behind fancy upgrades! RL360 has been sponsoring the Superstock Race since 2002 so, naturally, we think this is the best class.
ZURICH AND FURTHER PARTNER TO OFFER CRITICAL CARE SOLUTION TO BUSINESSES
NEW OFFERING TO ISLE OF MAN BUSINESSES MARKS A SIGNIFICANT ADVANCEMENT IN INTERNATIONAL GROUP PROTECTION BENEFITS
With employers here on the Island and internationally facing increased demands from employees for enhanced health care cover, two big names in the industry have partnered to offer a new critical care solution.
Leading insurer Zurich – which has a history here on the Island going back over 40 years – is working with Further Group to offer a new employee benefit called Critical Care. It’s designed to help those needing treatment for serious illnesses and is available in the Isle of Man, Channel Islands and UK. Critical Care can provide life-changing wellbeing benefits for employees who have cancer, heart or neurological conditions, are in need of organ transplants, or require specialist treatment abroad at leading hospitals. It can be added to any Zurich International Group Life or Group Income Protection Policy, allowing employers to meet the changing needs of their workforce.
Stephanie Hatton, Corporate Benefits Executive at Zurich International, commented: “Critical Care has been carefully designed to offer quicker access to diagnoses and treatment, which in turn increases the chances of positive outcomes, leading to a better quality of life. Over the past decade NHS figures show that serious illnesses have surged with heart disease increasing by 50% and around half of the population facing a cancer diagnosis in their lifetime. Similar trends are being seen in the other regions and countries where Critical Care will be available. This is driving a need for employers to provide even better protection benefits for their current and future employees. Critical Care empowers employees by offering a comprehensive suite of services for those diagnosed with serious illnesses, ensuring swift access to the best available treatments for their needs.”
Stephanie added: “Critical Care marks a significant advancement in employee group protection benefits. As a solution which meets the modern-day needs of employers who want to go the extra mile to support employees on their wellbeing journey, we also see it as a unique offering which sets Zurich apart in the employee benefits market. We are immensely proud of this new benefit and to offer it in partnership with Further Group, which is a leading business in this field.”
From an employer’s point of view, Critical Care provides their workforce with more choice and control over their healthcare decisions. It gives fast access to leading medical experts for initial consultations, second medical opinions and treatment options that might not be available where the employee lives. In a
scenario where an employee has been diagnosed with advanced stage cancer and fast access to the best possible treatment is vital, Critical Care gives them the option to choose the latest cancer medicines and clinical trials.
Customers will have flexibility when it comes to using any of the services Critical Care offers. They can choose which services to use and when, with the option to combine them with public or private healthcare, offering them greater control over their healthcare decisions. In addition, customers who access the service will be guided through the entire process by a dedicated, clinically trained case manager.
Critical Care has been made possible by Zurich’s partnership with Further Group which specializes in the design and development of health insurance products and services. It operates in over 30 countries and has over 3.5million customers worldwide.
Frank Ahedo, CEO of Further, said: “At Further, we are incredibly proud to collaborate with Zurich to offer ‘Critical Care’. This innovative benefit provides employees with comprehensive support and access to cutting-edge treatments globally during critical health moments. Our expertise in specialist health solutions, combined with Zurich's strength, means we can provide peace of mind and vital options to individuals when they need it most.”
STEPHANIE HATTON, CORPORATE BENEFITS EXECUTIVE, ZURICH INTERNATIONAL
Business Directory brought to you
Big Red Building, Ronaldsway Industrial Estate, Ballasalla, IM9 2AA
BUSINESS DIRECTORY
Accountants
Atla Accountancy Services Ltd, Ground Floor, 11-13 Hill Street, Douglas Tel +44 1624 777403 hello@atla.im
Callin & Co, 6-7 Fort William, Head Road, Douglas. Tel. +44 1624 675528 callin@manx.net
CM Partners, 8, St George’s Street, Douglas. Tel. +44 1624 665100 admin@cmiom.com
EY, Rose House, 51-59 Circular Road, Douglas. Tel. +44 1624 691800 www.ey.com/im
Fryers Bell & Co, 27, Athol Street, Douglas. Tel. +44 1624 639850 fryers_bell@manx.net
Greystone LLC, 18 Athol Street, Douglas. Tel +44 1624 620711 mail@greystone.im
In Safe Hands, 75 Bucks Road Douglas, IM1 3EF Tel. +44 1624 616133 contact@insafehands.im
KPMG, Heritage Court, 41, Athol Street, Douglas. Tel. +44 1624 681000 info@kpmg.co.im
OrmCo Accounts Alma House, 7 Circular Road, Douglas. Tel: +44 1624 610547 sales@ormcogroup.com
Suntera Global Peveril Buildings Peveril Square Douglas Tel: +44 (0) 1624 683242 info@suntera.com
Baker Tilly Isle of Man, P.O. Box 95 2a Lord Street Douglas Tel. +44 1624 693900 info@bakertillyiom.com
Callow Matthewman & Co, Atholl House, 29/31, Hope Street, Douglas. Tel. +44 1624 622752 Ramsey Office Tel 814494
Crowe Isle of Man LLC, 6th Floor, Victory House, Prospect Hill, Douglas. Tel. +44 1624 627335 mail@crowe.im
Endor Consultants LLC 18-20 N Quay, Douglas. Tel: +44 1624 676550 info@endorconsultants.com
Grant Thornton, Exchange House, 54/62 Athol Street, Douglas . Tel: 44+ 1624 639494 info@im.gt.com
R. P. Harker, Maskani Yetu, Garey Close, Foxdale Tel. +44 1624 675450
Invicta Accounting Ltd, 24 Athol Street, Douglas, IM1 1JA Tel. +44 1624 672358
LK Accounting Limited ‘Ballabundu’, Chapel Lane, Baldrine, IM4 6DG Tel. +44 1624 664665 hello@lkaccounting.im
PricewaterhouseCoopers LLC, Sixty Circular Road, Douglas. Tel. +44 1624 689689
Thompsons The Accountants, 1st Floor, Royal Trust House, 60-62 Athol Street, Douglas. Tel. +44 1624 611108
Boothmans, Millennium House, Victoria Road, Douglas. Tel. +44 1624 611926 bca@boothmans.com
Celtic Associates Ltd, Chartered Accountants, One, The Parade, Castletown. Tel: +44 1624 822022 Email: email@celt.im
David Gelling & Associates, 44 Main Road, Onchan. Tel. +44 1624 615500
Enigma Accountancy and Bookkeeping Ltd. Willow House, 61-69 Main Rd, Onchan Tel: +44 7624 618322
Greenfinch Accountancy Ltd, Shee Yee, 12 Ballachrink, Colby. Tel: +44 1624 833727
Hotchkiss Group, Suite D, Champion House, Tromode. Tel. +44 1624 872140 tax@hotchkiss.im
Jessup & Co, 44 Athol Street, Douglas. Tel. +44 1624 625666
Peter D. Lace, 17 Peel Road, Douglas. Tel. +44 1624 661640
Red Accounts Ltd., 24 Hillberry Heights, Douglas. Tel: +44 1624 679924
E Thorn, 47 Buttermere Drive, Onchan. Tel. +44 1624 613782
Nicola Bowker & Co., Alexander Buildings, 37 New Road, Laxey. Tel. +44 1624 861271 nicola@nicolabowker.co.uk
UHY Crossleys LLC, P. O. Box 1, Portland House, Station Road, Ballasalla. Tel. +44 1624 822816 mail@crossleys.com
Deloitte LLP, The Old Courthouse, Athol Street, Douglas. Tel. +44 1624 672332
Fowler & Co., First Floor, Norton House, 41 Arbory Street, Castletown. Tel +44 1624 827848
Greenwave Accountants, Awin Ruy, Lower Ballachrink Farm, St Marks Road, Ballasalla Tel: +44 1624 838434
Hunter Tax Consultants Ltd, First Floor, Milbourn House, 13a St George’s Street, Douglas. Tel. +44 1624 625765
K5 Tax & Accounts Ltd, Museum Buildings, Church Road, Port Erin. Tel. +44 1624 833776 enquiries@k5ltd.im
Moore Dixon, PO Box 25, 26-28 Athol St, Douglas, Isle of Man IM99 1BD +44 (0) 1624 662020 mail@mooredixon.com
Shimmin Wilson & Co, 13-15 Hope Street, Douglas. Tel. +44 1624 627744 mail@shimminwilson.com
Michael Turner & Co, Ballanorris Court, Douglas Road, Ballabeg. Tel. +44 1624 822534 mbturner@manx.net
Licence Holders, Class 2 - Investment Business
Ardan International Wealth Platform, 2nd Floor, Goldie House, 1-4 Goldie Terrace, Upper Church Street, Douglas Tel. +44 1624 652555
Brooks Macdonald Asset Management (International) Ltd 3rd Floor, Exchange House, 54-62 Athol Street, Douglas. Tel. +44 1624 831320
Chase Financial Services Ltd, 10-12 Prospect Hill, Douglas. Tel. +44 1624 612611
Hockney Stevens Chartered Financial Planners Kerrowglass, Stockfield Road, Kirk Michael. Tel. +44 1624 877864
JMR Limited, Finance Centre, Close Beg, Ballawattleworth, Peel. Tel +44 1624 842514
Moore Dixon Financial Services, 26-28 Athol Street, Douglas. Tel. +44 1624 662020
Resilience Asset Management (IOM) Ltd, St Georges Tower, Hope Street, Douglas. Tel: +44 1624 602020
Barclays Bank PLC Eagle Court, Circular Rd, Douglas. Tel. +44 1624 684444
Canaccord Genuity Wealth (International) Limited, 55 Athol Street, Douglas. Tel. +44 1624 690100
Creechurch Capital Ltd, Atlantic House, 4-8 Circular Road, Douglas. Tel: +44 (0) 653800 info@creechurchcapital.com
HSBC Bank Plc, HSBC House, Ridgeway Street, Douglas. Tel. +44 1624 684840
Knox D'arcy Asset Management Ltd, 3rd Floor, Analyst House, Douglas. Tel. +44 1624 623994
Nedbank Private Wealth Ltd, St Mary's Court, 20 Hill Street, Douglas. Tel: +44 (0) 645000
The Royal Bank of Scotland International Ltd, Royal Bank House, 2 Victoria Street, Douglas. Tel. +44 1624 646464
Insurance Managers
Aon Insurance Managers (Isle of Man) Ltd, St George's Court, Upper Church Street, Douglas. Tel +44 1624 692420
Isle of Man Insurance Management Ltd, IOMA House, Hope Street, Douglas. Tel +44 1624 681200 www.iomagroup.co.im
RL360 Services Ltd, International House, Isle of Man Business Park, Douglas, Tel. +44 1624 681681 csc@rl360.com
Canada Life International Ltd, Canada Life House, Isle of Man Business Park, Douglas. Tel. +44 1624 820200 info@canadalifeint.com
Marsh Management Services Isle of Man Ltd, Rose House, 51-59 Circular Road, Douglas. Tel +44 1624 630500
Thomas Miller Isle of Man Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas. Tel. +44 1624 645200
Blackford Financial Services Ltd, 34 Athol St, Douglas. Tel. +44 1624 627674
Capital Financial Markets Ltd, Capital House, Circular Road, Douglas. Tel. +44 1624 654200
DBAY Advisors Limited, 4th floor, 64b Athol Street, Douglas. Tel +44 1624 690 900 info@dbayadvisors.com
Independent Financial Consultants Ltd., 37 Ballanard Road, Douglas. Tel. +44 1624 671679
LMS Partners Limited, 14 Athol Street. Douglas. Tel +44 1624 666888 enquiries@lmspartners.co.im
Oceanic Investment Management Ltd, St George's Court, Upper Church Street, Douglas. Tel: +44 (0) 1624 663616
Standard Bank (IOM) Ltd, Standard Bank House, One Circular Road, Douglas. Tel. +44 1624 643643 www.sboff.com sbiom@standardbank.com
Capita Life and Pensions Services (Isle of Man) Ltd, 43-51 Athol Street, Douglas. Tel. +44 (0) 1624 691000
Monument International PO Box 391
Douglas Tel. +44 (0) 1624 683683 ask@monument.im
Thomas Miller Captive Management Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas. Tel. +44 1624 645200
Banks - Licenceholders
Barclays Bank PLC, Eagle Court, Circular Rd, Douglas. Tel. +44 1624 684444
Lloyds Bank International Ltd, PO Box 111, Villiers House, Victoria Street, Douglas. Tel. +44 1624 638200
Capital International Bank Ltd, Capital House, Circular Road, Douglas. Tel. + 44 1624 654200 cib-bd@capital-iom.com
Nedbank Private Wealth Ltd, St Mary’s Court, 20 Hill Street, Douglas. Tel. +44 1624 645000
Blue Square Wealth Management Limited, 2nd Floor, Queen Victoria House, Victoria Street, Douglas. Tel: +44 1624 645313
Capital International Ltd, Capital House, Circular Road, Douglas Tel. +44 1624 654200
Edgewater Associates Ltd, 1st Floor, Clarendon House, Victoria Street, Douglas. Tel. +44 1624 654000 enquiries@edgewater.co.im
Investasure Financial Services Ltd, Falcon House, 22-24 Ridgeway Street, Douglas. Tel. +44 1624 615751
MAC Financial Limited, MAC House, 64 - 65 Athol Street, Douglas. Tel +44 1624 639450
Osborne Financial Services Ltd, Clearview, Shore Road, Ballaugh. Tel: +44 (0) 1624 898034
Thomas Miller Investment Samuel Harris House, 5-11 St Georges Street, Douglas. Tel +44 1624 645200 tminvestment.com
Friends Provident International Services Ltd, Royal Court, Castletown. Tel +44 1624 821212
Quilter International Business Services Ltd, PO Box 159, King Edward Bay House, King Edward Road, Onchan, Tel. +44 (0) 1624 655555
Utmost Administration Ltd, Walpole Ave, Douglas. Tel. +44 1624 643345
Blythe Financial Limited, 11 Myrtle Street, Douglas. Tel: +44 1624 619180
Chartwell Financial Planners Ltd, Quayside House, 6 Hope Street, Castletown. Tel. +44 1624 801409
FIM Capital Ltd, 55 Athol Street, Douglas. Tel. +44 1624 681250 enquiries@fim.co.im
Investment Interest Management Ltd, Goldie House, Goldie Terrace, Douglas. Tel. +44 1624 863125
Marriott Isle of Man Ltd, 55 Athol Street, Douglas.
Ramsey Crookall & Co, Securities House, 38-42 Athol Street, Douglas. Tel. +44 1624 673171
Thornton Associates Ltd, Top Floor, St John’s Mill, Mill Road, St John’s Tel. +44 1624 660220
Hansard Administration Services Ltd, Harbour Court, Lord Street, Douglas. Tel. +44 (0) 1624 688000
SIGCo Management (IOM) Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas. Tel. +44 1624 664095
Zurich Financial Services (Isle of Man) Insurance Manager Ltd, Isle Of Man Business Park, Douglas. Tel. +44 1624 691111
Cayman National Bank (IOM) Ltd, Cayman National House, 4-8 Hope Street, Douglas. Tel. +44 1624 646900
Santander International PO Box 123 19/21 Prospect Hill, Douglas Tel 01624 641888 info@santanderinternational.co.uk
Conister Bank Ltd, Clarendon House, Victoria Street, Douglas. Tel. +44 1624 694694
The Royal Bank of Scotland International Ltd, Royal Bank House, 2 Victoria Street, Douglas. Tel. +44 1624 646464
HSBC Bank PLC, 88-90 Strand Street, Douglas. Tel. +44 1624 684840
Standard Bank Isle of Man Ltd, Standard Bank House, One Circular Road, Douglas. Tel. +44 1624 643643 sbiom@standardbank.com
Business Directory brought to you by
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Advocates
Advocate John Rimmer Ltd, Fort Anne, Douglas. Tel +44 1624 621466 mail@advocatejr.com
Athena Law Ltd, 3 Ballanard Woods, Ballanard Road, Douglas. Tel. +44 1624 622100
Callin Wild, Bank Chambers, 15-19, Athol St, Douglas. Tel. +44 1624 623195 mail@callinwild.com
Coren Law Ltd, 3rd Floor, Queen Victoria House, Victoria Street, Douglas. enquiries@corenlaw.im
DQ Advocates, The Chambers, 5 Mount Pleasant, Douglas. Tel. +44 1624 626999 info@dq.im
Humphrey and Helfrich, The Old Courthouse, Athol Street, Douglas. Tel: + 44 (0)1624 651951 info@humphreyandhelfrich.com
Laurence Keenan, Victoria Chambers, 47, Victoria Street, Douglas. Tel. +44 1624 611933 info@lklaw.co.im
Long and Co Ltd, ‘Eyreton’ Quarterbridge Road, Douglas. Tel. +44 1624 319897
MannBenham Advocates, 49 Victoria Street, Douglas. +44 1624 639350
Paterson Property Law Ltd, 39 Ballagarey Road, Glen Vine, Douglas. Tel. +44 7624 315800
Travers Law Ltd, 4th Floor, Hillary House, Prospect Hill, Douglas. Tel. +44 1624 649321
Advocates Smith Taubitz Unsworth Ltd, 77-79 Bucks Rd, Douglas. Tel +44 1624 677888 reception@advocates.co.im
BridsonHalsall, Havelock Chambers, 16-18 Mount Havelock, Douglas. Tel. +44 1624 614422 reception@iomlaw.com
Carters, 9 Circular Road, Douglas. Tel. +44 1624 662809 reception@carters.co.im
Corlett Bolton & Co., 4, Finch Road, Douglas. Tel. +44 1624 676868 mail@corlettbolton.com www.corlettbolton.com
FinLaw, Cameo House, 19 Duke Street, Douglas. Tel. +44 1624 855320
Ian Kermode Advocate, Court View Chambers, 14 Albert Street, Douglas. Tel. +44 1624 611117 www.ik.im
Kerruish Law Ltd, First Floor, Bourne Concourse, Peel Street, Ramsey. Tel. +44 1624 623919
LVW Law, Museum Buildings, Church Road, Port Erin. Tel. +44 1624 836757 barrister@manx.net
Myerscough & Clegg, 6 Hill Street, Douglas. Tel. +44 1624 616404
Pringle Law, Victoria Court, 16 Athol Street, Douglas. Tel. +44 1624 612200 mail@pringle-law.com
Wood Law, 16 Peel Road, Douglas. Tel. +44 1624 625007 www.woodlaw.im
Alma Legal, 1 Athol Street, Douglas. Tel. +44 1624 652599 contact@almalegal.com
Cains, Fort Anne, Douglas. Tel. +44 1624 638300 law@cains.com
Chambers of Paul T Rodgers, 8 Finch Road, Douglas. Tel. +44 7624 232242 paul@manxadvocate.com
David Reynolds Advocate, 23 Circular Road, Douglas. Tel. +44 1624 610880
Gray Law Advocates, 87 Parliament Street, Ramsey. Tel. +44 1624 818058 reception@gla.co.im
Innova Law, Ground Floor, 16-18 Finch Rd, Douglas. Tel. +44 1624 654900 innovalaw.im
Kinley Legal 4 Albert Street Douglas. Tel: +44 1624 640366 contact@kinleylegal.com
M&P Legal, New Court Chambers, 23-25 Bucks Road, Douglas. Tel. +44 1624 695800 law@mplegal.im
Nicolle Plumley Advocate, Bellevue House East, Belle Vue, Peel. Tel. +44 1624 844445
Simcocks, Ridgeway House, Ridgeway Street, Douglas. Tel. +44 1624 690300 enquiries@simcocks.com
Weatherill Advocate & Solicitor, 20 Athol Street, Douglas. Tel. +44 1624 674994
Appleby, 33-37 Athol Street, Douglas. Tel. +44 1624 647647 www.applebyglobal.com iom@applebyglobal.com
Cains Gordon Bell, Auckland Chambers, Auckland Terrace, Ramsey. Tel. +44 1624 811311 law@cainsgb.co.im
Corbridges, Chancery House, 2 Albert Street, Douglas. Tel. +44 1624 690060 mail@corbridges.com
Dickinson Cruickshank Ramsey, Masonic Buildings, Water Street, Ramsey. Tel. +44 1624 812107
Hannan Law, 5 Hill Street, Douglas. Tel: +44 1624 628900 mail@hannanlaw.im
Kelly, Luft, Stanley & Ashton, 2 Sydney Mount, Douglas. Tel. +44 1624 674316 law@kellyluft.com
Kneale Advocates Ltd, 2nd Floor, Hillary House, Prospect Hill, Douglas. +44 7624 413712 www.knealeadvocates.com
Maher Law, Third Floor, 4 Athol Street, Douglas. +44 1624 770080
Nigel Cordwell Advocate, The Old Vicarage, Princes Road, Douglas. Tel. +44 1624 677277
SW Legal, The Engine House, Castletown. Tel. +44 7624 479222 info@swlegal.im
John Wright, 16 Willowbrook Gardens, Douglas. Tel. +44 1624 611999 mail@johnwright.co.im
IFGL boards strengthened by key non-exec appointments
Three new non-executive directors are joining Isle of Man company International Financial Group Limited (IFGL).
Matt Cuhls will become the Independent Chair of the IFGL Board, Nick Verardi will become an Independent Non-Executive Director on the IFGL Board and Independent Chair of the FPIL Board and Katherine Garner will take on the role of Independent Chair of the RL360 Board.
The changes will come into effect on 1 June, following the retirement of Peter Horsthuis, who will step down from his role as Independent Chair of the IFGL Board on 31 May following a very long and dedicated tenure.
Sean Dowling is also stepping down as an Independent Non-Executive Director of IFGL but will stay on as an adviser to the IFGL, FPIL and RL360 Boards, Independent Chair of the Ardan Board and Independent Chair of the IFGL Global Trust Board.
Matt Cuhls, Independent Chair of the IFGL Board
Matt is a seasoned insurance professional with over 25 years in the industry within the UK and across Europe. A Chartered Accountant, Matt began his career with KPMG before spending over 20 years with the UK focused life assurance consolidator ReAssure, including nearly 10 as Chief Risk Officer and over 10 years as CEO / Managing Director.
Following ReAssure’s acquisition by Phoenix Group Holdings, in 2023 he moved into a nonexecutive career, and currently has a portfolio of non-exec positions in a number of well-known
Financial Services organisations. He brings proven expertise in both M&A, integrations, shaping operational strategy and embedding long-term governance of its delivery.
“I’m delighted to be joining IFGL at this juncture to support incoming IFGL CEO Rob Allen and his senior team deliver on the many opportunities that exist for the business at this time,” said Matt.
Nick Verardi, Independent Non-Executive Director on the IFGL Board and Chair of the FPIL Board
With over 30 years of experience in corporate law, specializing in insurance and M&A, Nick brings a wealth of expertise that will support the company’s strategic growth and governance as it continues to expand its global presence.
Nick’s career spans senior leadership roles in the legal and financial sectors, including his tenure as a partner at leading law firms and his instrumental role in the 2009 merger of Appleby Global with Dickinson Cruickshank, where he later served on the global management board. Since transitioning into nonexecutive roles in 2019, he has leveraged his deep understanding of corporate governance, risk management, and strategic transactions to support businesses in navigating complex regulatory and commercial landscapes.
In addition to his corporate career, Nick has contributed significantly to the business community, having served as Chairman and President of the Isle of Man Chamber of Commerce and as a member of the Isle of Man Financial Strategic Partnership.
“I am honoured to join the Board of IFGL and Friends Provident International at such an exciting time in its journey,” said Nick. “The company has built a strong reputation for delivering innovative and secure life insurance solutions, and I look forward to working with my fellow Board members and the leadership team to support its continued growth and success. With the evolving landscape of the insurance industry, I am eager to contribute my experience in governance, M&A, and strategic development to help drive long-term value for policyholders and stakeholders alike.”
Katherine Garner, Independent Chair of the RL360 Board
Katherine is an experienced non-executive director, CEO and CFO with over 30 years’ experience within the insurance and investment industry. She is a Fellow of the Institute and Faculty of Actuaries and spent her early career with HSBC culminating in various leadership roles including Finance Director and Head of Life Insurance for their Dublin based international offshore business.
Katherine joined Sun Life Financial of Canada in the UK in 2008 and was CFO prior to serving as CEO for 11 years. Katherine now has a portfolio of nonexecutive roles and brings deep technical expertise in life assurance, financial management, regulatory engagement and risk management to her role at RL360.
“I am excited to join RL360 and IFGL to support the future growth and success of the Group, for the benefit of our shareholders, customers and employees.”
MATT CUHLS
KATHERINE GARNER, NICK VERARDI
Deputy CEO for GSC
The Isle of Man Gambling Supervision Commission (GSC) has announced the appointment of Nicola Libreri as new Deputy Chief Executive Officer.
Chief Executive Officer of the GSC, Mark Rutherford, said “Nicola has played a key role over the last year in strengthening the GSC’s AML/CFT oversight and will continue to drive forward initiatives to support the sector’s understanding of emerging risks. Her role will be key to strengthening the GSC’s focus on collaboration, using data and intelligence in coordination with other agencies to prevent criminals exploiting the sector or the jurisdiction.”
Nicola Libreri has been with the GSC since 2018 with her recent role encompassing oversight of the GSC’s newly created AML/CFT Division tasked with Inspections, Enforcement, Policy and Outreach. Under Nicola’s watch, the GSC have made significant investment into strengthening AML/CFT training and experience, building new standalone teams dedicated to improving compliance across the sector through outreach, remediation and where necessary proportionate sanctions. Bringing a wealth of knowledge to her new role, Mrs. Libreri holds an ICA Diploma in AML/CFT, ICA Diploma in Governance, Risk and Compliance and is blockchain analysis trained.
Mrs. Libreri has a wealth of experience in delivering outreach on AML/CFT to industry professionals and peers; from sitting on international regulatory panels, to presenting and hosting forums, and delivering specialist training regarding ML/TF/PF on the Isle of Man and internationally. More recently working with the Council of Europe in Serbia to deliver training on strong AML/CFT regulatory frameworks. These skills will be vital in promoting the Island-wide commitment to transparency and cooperation in the fight against financial crime.
Nicola Libreri said “I am delighted to be taking up this role. The threat of ML/TF is constantly evolving and we need to keep on top of new and emerging risks. It is vital to ensure we maintain the safety of the sector and the jurisdiction, invest in strong AML/CFT controls and work with licence holders to stamp out any threats to that safety.
Cains expands corporate & commercial teams
Cains has announced the appointment of Kyle Sutherland as a Senior Consultant in its Corporate & Commercial team.
Kyle is a senior lawyer with a wealth of experience
in a broad range of finance, corporate and commercial disciplines, including joint venture work, restructurings, mergers and acquisitions, asset finance transactions and private placement and listings.
Kyle qualified as an Isle of Man Advocate in 2003 and is qualified to advise on both the laws of the Isle of Man and the BVI. Prior to joining Cains, Kyle spent a number of years practicing with the largest law firm in the British Virgin Islands and was subsequently a partner and head of the corporate team at another tier 1 Isle of Man law firm.
Having recently taken time to travel the world with his family, Kyle joins Cains adding his extensive knowledge and diverse experience to the corporate team.
Tristan Head, Group Chair of Cains, said: “The appointment of Kyle is an exciting addition to our corporate team, and we are all looking forward to working with him. His experience will further strengthen our corporate and commercial offering to our clients, here on the Isle of Man, and internationally.”
Kyle Sutherland said: “I am very much looking forward to working with the team at Cains and contributing to the firm’s continued success in delivering high-quality services to our valued clients.”
HSBC appoints Chief Financial Officer for Isle of Man and Channel Islands
HSBC has appointed Moses Mwanandimai as Chief Financial Officer (CFO) for the Channel Islands and Isle of Man (CIIOM).
In the role, Moses will provide financial leadership for the Bank across the jurisdictions and be instrumental in driving forward its financial strategy in the islands, as well as heading the team responsible for financial planning and analysis.
Moses has a wealth of international banking experience having joined HSBC 16 years ago; he began his HSBC career as a senior manager in Bermuda before taking up the post of Head of Business Finance for Retail Banking and Wealth Management in Canada.
He joined the Jersey office five years ago as Head of Business Finance CIIOM where he was responsible for strategic financial planning and business performance support.
Warwick Long, CEO, HSBC, Channel Islands and Isle of Man, said: “Moses is another key appointment in our leadership across the islands, and brings to the role an impressive breadth of knowledge and expertise built over a successful career with HSBC in Canada and the Caribbean as well as the Channel Islands and Isle of Man.
“He will undoubtedly prove a dynamic leader in driving our financial strategy forward and supporting the team across the islands as we continue to focus on developing and enhancing our services for islanders.”
NICOLA LIBRERI
KYLE SUTHERLAND
MOSES MWANANDIMAI
Leadership transition at Cayman National Bank (Isle of Man)
Cayman National Bank (Isle of Man) Limited has announced the retirement of Nigel Gautrey, Managing Director. Nigel has been a cornerstone of the organisation and his leadership has been instrumental in the company’s growth and success. The company has also announced that Jim Woodall, currently their Banking Director, has assumed the role of Managing Director which commenced on 1st May.
Nigel Gautrey has been with Cayman National Bank (Isle of Man) Limited for eight years, during which time he has played a pivotal role in shaping our strategic direction and fostering a culture of excellence. His vision and dedication have been key drivers in our achievements, and we are grateful for his unwavering commitment.
Although Nigel is retiring from his role as Managing Director, we are fortunate that he will remain with us in a consultancy capacity. In this role, he will oversee the transition to our new online banking platform, ensuring a smooth and seamless implementation.
Jim Woodall, who has been with the bank for 5 years, brings a wealth of experience and understanding of our operations. As Banking Director, Jim has demonstrated exceptional leadership and a strong commitment to our clients and staff. We are confident that under his guidance as Nigel’s successor, Cayman National Bank (Isle of Man) Limited will continue to thrive.
Jim Woodall commented on Nigel's retirement, "Nigel's invaluable contribution to Cayman National Bank (Isle of Man) Limited cannot be overstated. His strategic insights and dedication have been a leading influence for all of us. I am looking forward to building on the strong foundation he has established."
Nigel Gautrey expressed his thoughts on his retirement, "It has been an incredible journey and I am immensely proud of what we have achieved together. I have full confidence in Jim's ability to lead the bank into the future, and I look forward to supporting him and the broader team during this transition."
In addition, Cayman National Bank (Isle of Man) Limited is pleased to announce the promotion of Colin Peters, Banking Manager to the position of Head of Banking.
Jim Woodall, Managing Director of Cayman National Bank (Isle of Man) Limited, commented on Colin's well-deserved promotion: "Colin has consistently shown outstanding performance and dedication to our customers and the bank. His promotion to Head of Banking is a testament to his hard work and the significant contributions he has made in growing our business. We are confident that under his leadership, our banking proposition will continue to evolve to meet the current and future needs of our local and international customers.
Colin Peters has been with Cayman National Bank (Isle of Man) Limited for over 8 years. He is a wellknown member of the local banking community and served for over 5 years as Vice President and President of the London Institute of Banking & Finance – Isle of Man Centre.
As Head of Banking, Colin will lead the team to provide effective and value-added banking services to new and existing customers whilst ensuring the highest standards of service. His promotion reflects our commitment to recognising and nurturing talent within our organisation.”
Colin Peters commented: "I am delighted to take on the role of Head of Banking at Cayman National Bank (Isle of Man) Limited. I look forward to continuing to
work with our talented team to deliver exceptional service and innovative solutions to our customers. Together, we will build on our successes and drive the bank's growth to new levels."
Meanwhile, Cayman National Trust Company (Isle of Man) Limited has announced the appointment of Roz Melia as Managing Director, effective immediately. Roz, who has been with the Cayman National Group for 23 years and has served as Fiduciary Director since 2017, succeeds Nigel Gautrey following his retirement.
Roz has over 35 years’ experience in the fiduciary sectors in the Cayman Islands and Isle of Man and brings a wealth of experience and expertise to her new position. As Vice Chair and a Director of the Society of Trust and Estate Practitioners, (Isle of Man) Limited and a member of the Institute of Directors, Roz has demonstrated exceptional leadership and commitment to the fiduciary industry. Roz is also Company Secretary for Cayman National Bank (Isle of Man) Limited.
Nigel Gautrey, reflecting on his tenure, stated, “It has been a privilege to lead Cayman National Trust Company (Isle of Man) Limited for the past eight years. I am confident that Roz will continue to drive the company forward with her vision and dedication. Her appointment marks a new chapter for the company, and I have no doubt, it will continue to thrive and achieve new milestones under her leadership.”
Roz Melia said, “I am thrilled to take on the role of Managing Director at Cayman National Trust Company in the Isle of Man. Nigel has set a high standard, and I am committed to building upon the solid foundations he has set. I will continue to collaborate with our skilled team to elevate our services and reinforce our industry standing.”
COLIN PETERS
JIM WOODHALL
ROZ MEILA
Treasury appoints new Chair of Steam Packet Company
Treasury Minister Dr Alex Allinson MHK has welcomed the appointment of Dan Clague as Chair of the Isle of Man Steam Packet Company.
Dan Clague will replace Lars Ugland who recently retired from the post after serving the company since April 2020.
Minister Allinson said: “The role of Chair, alongside the six other board members, is vital to maintaining the strategic direction of the companywhich continues to provide reliable lifeline services to our Island community - while identifying challenges and opportunities that lie ahead. This appointment will enable the Steam Packet Company to benefit from Mr Clague’s extensive experience in both passenger ferry operations and finance during a career spanning more than 40 years.”
Dan Clague, who is currently based in London, is a senior adviser and non-executive director with an extensive track record providing corporate finance advice, mainly in the shipping and ports industry. He is a descendent of the owner of John Clague and Son Limited, an iron foundry business in Ramsey.
Mr Clague said: “I am very pleased to have this opportunity to renew my professional relationship with the Steam Packet Company, which is a business I know well from earlier in my career. Looking to the present, I believe its acquisition by the Isle of Man Government has provided the platform required to continue to serve the Island, as it has done since 1830.”
He added: “My branch of the Clague family's affection for the Island remains very strong and we still visit whenever we can. This exciting new role will give me the perfect opportunity to spend more time onIsland and to re-establish a home here.”
Dr Mark Yell appointed Chair of Skills Board
Chief Minister Alfred Cannan MHK has confirmed the appointment of Dr Mark Yell as Chair of the Skills Board, a joint initiative by Government and the Isle of Man Chamber of Commerce to encourage workforce skills development through employergovernment collaboration.
Dr Yell brings 35 years of experience in business leadership, digital and IT transformation, and delivering successful large-scale projects across various sectors.
The Skills Board, established in 2024, comprises representatives from government, businesses, and education providers. Its purpose is to ensure the Island’s workforce aligns with the evolving needs of the economy.
The Board’s work is driven by the Skills Strategya comprehensive three-year plan focused on identifying employer needs and expanding opportunities for skills development and acquisition.
Implementation of the Strategy is supported by the Economic Strategy Fund, which has provided funding to the Skills Board to accelerate actions not covered by existing government budgets.
Dr Yell said, “My initial focus area will be to refine the Board’s priorities moving forward to ensure we are meeting our overarching aim of helping the Island to prepare its workforce for the future.”
The Treasury undertook the recruitment process as sole shareholder of the Steam Packet Company, which operates as a commercial enterprise at arm’s length from Government.
Dan Clague is a senior adviser and non-executive director, specialising in the shipping and ports industry. He cut his teeth in Liverpool as a ship agent with Ocean Group plc and then moved with Ocean to work in liner/roro shipping and container terminal management in the US and West Africa.
Following an MBA from London Business School, he joined Baring Brothers rising to Director in the Mergers & Acquisitions department and now has over three decades of experience in corporate finance advisory services.
Subsequent leadership roles included Head of Transport Advisory at ABN Amro, SG Hambros (where he also became Head of UK M&A) and Hawkpoint Partners (2010–2014). From 2014 to 2023, he was a Managing Director and latterly a senior adviser at Stephens Europe, focusing on marine transport.
Since 2021, Clague has also served as a nonexecutive director at Irish Continental Group plc.
He holds a BA in English from Oxford’s Keble College. His expertise spans strategic advisory, M&A and corporate governance, particularly in the transport and marine sectors.
DAN CLAGUE
DR MARK YELL
A Company & Trust Advisory Firm
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