Business: New man at Blue Islands, and JTC boosts its fund capabilities

His appointment comes as the number of cabin crew nearly trebled in the last 18 months across Guernsey and Jersey, as locally based crew have been recruited to operate the ever-developing network of flights.

Mr Collins joins Blue Islands from a management position at British Airways.

He has a wealth of experience in the aviation industry, spanning 20 years and working across all operational and in-flight disciplines.

‘It’s exciting to work for the Channel Islands’ local airline and a dynamic and rapidly expanding European regional airline,’ he said.

Mr Collins returns to Jersey from the UK, where his first aviation job was for Jersey European Airways.

Since then he has held a number of regional senior management roles for various airlines, including British Midland, Thomas Cook and BA.

Rob Veron, managing director, said: ‘Lloyd’s experience is second to none, with a wide knowledge of airline operations.

This role will cross over into all aspects of the Blue Islands business, and Lloyd’s experience, combined with a passion for customer service, will benefit all passengers travelling with Blue Islands.’

JTC boosts its fund capabilities

JTC's website

INDEPENDENT fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.

The amendment to JTC’s permissions by the Financial Conduct Authority – a Variation of Part 4A Permission – means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.

As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities, including ensuring that schemes comply with all regulatory requirements and that appropriate information is provided to investors.

It also allows the JTC to assist in promoting funds and assume responsibilities for managing the property and assets held within the schemes.

The move to enhance JTC’s funds capabilities in the UK forms part of its ambitious expansion plans, having recently extended its global reach through its network of offices in 17 jurisdictions and the appointment of Will Cameron as head of its office in Fareham.

An unregulated collective investment scheme is any collective investment scheme that is not authorised or recognised by the FCA, with such schemes typically involving entities including UK limited partnerships, limited-liability partnerships, open-ended investment companies and unauthorised unit trusts.

Acting as an operator of unregulated collective investment schemes is restricted under the Financial Services and Markets Act 2000.

Stuart Pinnington, JTC’s group head of institutional services, said: ‘This is a significant development for JTC that strengthens considerably our overall funds proposition as a provider of fund services both on and offshore. While complementing our existing fund offering in the UK, this ability to offer a full suite of fund solutions to cater for the more sophisticated and institutional end of the investor market is a key strategic move for the firm, positioning us well as we seek to increase our fund servicing business in the UK and internationally.’

Will Cameron, head of JTC’s Fareham office, added: ‘This authorisation represents a huge step forward for our growing UK business.

‘Within our UK team we have significant expertise and experience in developing fund structuring solutions for clients and I am delighted that we are now able to draw on that knowledge to provide a range of administration and oversight services to the unregulated fund sector – an area where we see real potential for growth and where we feel we can offer a cost-effective and efficient service.’

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