STEP Journal supplements are sponsored content to promote particular jurisdictions to the private client world. They typically include updates on recent and upcoming developments in the jurisdiction – such as legislation and case law – and articles about the benefits of doing business there. For further information about sponsoring a supplement, please contact Sylvana Malachias at Wonderly on +44 (0) 208 2674463 or email sylvana.malachias@wonderly.agency.
Jersey 2023-24
Sponsored by Jersey Finance
Introduced by Joe Moynihan, this Trust Jersey 2023 supplement is against the familiar backdrop of global turmoil, unpredictable markets and rapid change, all factors that continue to have a telling impact across the financial services industry.
This supplement explores where the industry might be in ten years’ time; cross border structures and the choice of jurisdictions; the impact of geopolitical risk on investment strategies and the client advisor relationship; and how the industry integrates sustainable finance into fiduciary duties. Finally, we touch on data stewardship, an innovative area for the global trust industry.
Read the supplement as a PDF (PDF4MB)
Jersey 2022
Sponsored by Jersey Finance
This year’s Bahamas supplement focuses on its evolving securities and investment environment, the growth in the sector over the last decade, as well as a lookback on the history of financial services on the island. Introduced by Dr Tanya McCartney, this publication also asks whether tokens are the future of entrepreneurial finance and why there has been a recent spate in restructuring.
Read the supplement as a PDF (PDF5MB)
Jersey 2022-23
Sponsored by Jersey Finance
Introduced by Joe Moynihan, this Trust Jersey 2022 supplement evaluates the challenges behind the growing media and regulatory scrutiny for international finance. The evolving needs of next gen investors, including their increasing attention on investment approaches that prioritise environmental, social and governance values; the accelerating pace of digitalisation and new developments in this space, including the mounting sophistication of cybersecurity, are also examined. Also included is a review of the growing concern around political risk and how it serves to highlight the value of stability provided by leading jurisdictions such as Jersey.
Read the supplement as a PDF (PDF4MB)
Jersey 2021-22
Sponsored by Jersey Finance
Introduced by Joe Moynihan, this Jersey 2021 supplement looks to the future; exploring the evolving profile of the private client through a trust company and international finance centre lens. Also covered is how the pandemic refocused the impact and interest of philanthropy and sustainability and how a new era of innovation is changing the interaction between advisors and their clients. It’s been 60 years since Jersey established itself as an international finance centre, and within these pages we also journey through the key milestones the island has achieved over the years.
Read the supplement as a PDF (PDF24MB)
Guernsey 2020-21
Sponsored by WE ARE GUERNSEY
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Green and sustainable finance is the overarching focus of this WE ARE GUERNSEY supplement, which looks at the pivot to environmental, social and governance (ESG) practices and sustainability throughout investment, blended finance and private capital.
Introduced by Dr Andy Sloan, Deputy Chief Executive, Strategy, WE ARE GUERNSEY, and Chair, Guernsey Green Finance, it features highlights of the campaign to champion private wealth financing sustainability; a review of research conducted by the body into the relationship between private capital and sustainability and recent developments in the impact investing sector.
Bahamas 2020
Sponsored by the Bahamas Financial Services Board
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Introduced by Tanya McCartney, this Bahamas 2020 supplement looks at how international financial centres have had to respond to concerns raised by the European Union’s enhanced tax transparency and cooperation measures; the Bahamas’ Electronic Communications and Transactions Act 2006; the latest in wealth planning and structuring products and services offering; the island’s commitment to international best practice in financial services and how family offices can take a holistic approach to succession planning.
Also included is an exploration of the key provisions of the Bahamas’ Commercial Entities (Substance Requirements) Act, 2018 and the new rules applicable to fund managers.
Jersey 2020/21
Sponsored by Jersey Finance and JT
Introduced by Joe Moynihan, this Jersey 2020 supplement focuses on how the next generation of high-net-worth-individuals are making a positive impact through sustainable finance, ESG investment and implementing philanthropy during the next ‘great wealth transfer’. A snapshot of Jersey’s business infrastructure; how the island has responded to technological disruptions and the latest regulatory updates for the island also features. Allan Wood explains why the island has seen such family office growth and, finally, the co-founder of anti-food-waste app OLIO on how it found a home in Jersey. Read the supplement (6.2MB)
Bermuda 2019
Sponsored by the Bermuda Business Development Agency
Read the supplement(PDF35MB)
Introduced by Ashley Fife, this Bermuda 2019 supplement looks at how geopolitical risk has affected investor behaviour; the latest legislative and regulatory framework developments; a snapshot of the island’s business environments in numbers; why business families in particular are attracted to Bermuda; and how millennials interpret philanthropy. Also included is a case study, inspired by Greek mythology, on the management of family wealth; and, looking to the future, an interview on how a marine conservation charity is inspiring research programmes.
Jersey 2019
Sponsored by Jersey Finance and JT
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Introduced by Joe Moynihan, this Jersey 2019 supplement is all about how the island is embracing technology; how corporations are carrying out their philanthropic activities; staying one step ahead with digital innovation; balancing flexible yet robust legislation; and the scheme challenging young student’s preconceptions of finance. In this edition, four experts also look further afield into government and finance, and their priorities for 2020.
Bermuda 2018
Sponsored by STEP Bermuda
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Introduced by Sean Moran, this edition of the Bermuda Supplement highlights how next-gens are transforming wealth management; details how modern entrepreneurs live and work flexibly; why social-impact investing, philanthropy and technology has increased in importance; provides a round-up of the most significant recent trust cases and why Bermuda is ahead of the game in the digital asset revolution.
Jersey 2018
Sponsored by Jersey Finance and Locate Jersey
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Introduced by Geoff Cook, this supplement includes an analysis of Jersey in 2018, its strategy for the future, and articles on Jerseys embrace of fast-developing digital and artificial intelligence technology; the changing profile of those putting down roots in Jersey; common misconceptions of the island, and what it is doing to encourage and support those looking to join the finance industry.
Bermuda 2017
Sponsored by STEP Bermuda, the Bermuda Business Development Agency, and the Bermuda Association of Licensed Trustees
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Introduced by Leah K Scott, this supplement includes articles on Bermuda’s business and investment fund innovations, why risk is better rationalised and mitigated in the jurisdiction than in many others, and what global transparency initiatives mean for privacy.
Cayman 2017
Sponsored by STEP Cayman Islands
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Introduced by Alan Milgate, this supplement includes articles on why the jurisdiction is a global leader in administering structures that blend trusts and private funds, how Cayman is poised to be a premier jurisdiction for the burgeoning cryptocurrency asset class, and why the trust is no longer unfamiliar to Chinese business founders.
Bahamas 2016
Sponsored by the Bahamas Financial Services Board
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Introduced by Tanya McCartney, this supplement includes articles on the advantages of the Bahamas foundation over other planning vehicles, the benefits of Bahamian family offices for succession planning, and the jurisdiction’s appeal for high-net-worth families – and the diverse tools available to their Bahamian advisors.
Bermuda 2016
Sponsored by STEP Bermuda, the Bermuda Business Development Agency and the Bermuda Association of Licensed Trustees
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Introduced by Keith Robinson, this supplement includes articles on why Bermuda leads the world in nurturing philanthropy, what makes the island a leading location for family offices, and why transparency initiatives play to Bermuda’s strengths as a leading, compliant international finance centre.
Cayman 2016
Sponsored by STEP Cayman Islands
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Introduced by Alan Milgate, this supplement includes articles on how Cayman trusts can be a useful wealth-planning vehicle for multinational families with US connections, why the jurisdiction is the perfect place to set up a family office, and the impact of transparency initiatives on Cayman trust structures.
Bermuda 2015
Sponsored by STEP Bermuda, the Bermuda Business Development Agency and the Bermuda Association of Licensed Trustees
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Introduced by Ross Webber, this supplement includes articles on the longstanding links between Bermuda and Asia, why the island is well placed to meet the needs of China’s growing high-net-worth population, and the unique appeal for Bermuda’s settlor reserved-powers legislation for control-conscious Asian clients.
Cayman 2015
Sponsored by STEP Cayman Islands
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Introduced by Nigel Porteous, this supplement includes articles on the advantages of Cayman Islands trusts for Latin American families, the benefits of a personalised investment vehicle for managing family wealth, and the merits of ‘entity rationalisation’ in an increasingly regulated world.
Bermuda 2014
Sponsored by STEP Bermuda, the Bermuda Business Development Agency, and the Bermuda Association of Licensed Trustees
Read the supplement (PDF 5MB)
Introduced by Jonathan Dunlop, this supplement includes articles on legislative developments in Bermuda, the island’s appeal for Asian and Latin American clients, and the rising interest in Bermudian commercial property.
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