A phrase I have used many times in the last few months, but with a “nearly” in front of “landed”, but now as the ink dries on the various contracts, we can finally announce a brand new community resource which is coming to central Douglas in the next couple of months, which will truly invigorate and stimulate the local economy.
Investec Bank (Channel Islands) Limited is proud to have been granted a new Class 1(3) financial services licence under the Isle of Man's Alternative Banking Regime (ABR).
Investec Bank (Channel Islands) Limited (IBCI) is part of Investec Bank plc and has a significant reputation for delivering excellence in service and expertise from its teams in the Crown Dependencies, with existing offices in Guernsey and Jersey. The bank specialises in the provision of general banking and lending services to trust and corporate service providers licenced and regulated in its core offshore jurisdictions, as well as private banking for high net worth individuals and family offices.
Barclays Eagle Labs are a community resource that offer a range of resources including co-working space, expert mentoring, training workshops, a fully-equipped ‘MakerSpace’ to support rapid prototype development, and private office space for scale up businesses.
Local company Nedbank Private Wealth is proud to support the Isle of Man Apprenticeship programme, and currently employs three young apprentices through the scheme.
The Department for Enterprise has announced the final senior appointments for the new Executive Agencies, with the appointment of a non-executive Chair and a Chief Executive to lead the Finance Isle of Man Executive Agency. Aidan Doherty will become Chair and Michael Crowe will take up the role of Chief Executive.
The inaugural board meetings of the new Finance Isle of Man, Digital Isle of Man, Business Isle of Man, and Visit Isle of Man Executive Agencies have now taken place, with 50 private and public sector leaders participating across the four boards. The development of the four Agencies follows the restructuring of the Department into a significantly smaller and more focused organisation. This is now complemented and enhanced by the new Agency model, blended with the commitment and experience of Departmental staff.
Representatives from Finance Isle of Man will be in attendance for this year’s Money Live Summit, one of Europe’s leading retail banking conferences.
In addition to this success with the banking qualifications Mr Waterhouse stated there had also been tremendous success with the new schools qualifications. Ballakermeen High School has led the way with introducing the level three Financial Capability qualification to their sixth form last year. 23 out of the 25 students who registered for the course achieved passes, including distinctions at the final exams sat in May 2018. This figure is expected to increase to an impressive 100% success rate following resits. These awards are internationally recognised and provide valuable UCAS points to help students achieve their university of choice. The online studying was also supported by ‘real-world’ training delivered by key members of the Isle of Man financial sector.
Globally, there has never been a more interesting time to develop and grow a career in banking. We expect banks to continue looking for motivated and ambitious professionals to join their teams and advise clients and customers on navigating the financial landscape. Also, as online banking technology continues to expand, tech-savvy individuals will be in demand.