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RESOLUTION IT EXPANDS DIGITAL<br />
TRANSFORMATION DEPARTMENT<br />
With the digital transformation<br />
of businesses growing globally,<br />
Resolution IT has expanded and<br />
further strengthened its existing<br />
digital transformation department<br />
in response to an increased<br />
understanding of its importance and<br />
need by Guernsey businesses. Pierre<br />
Jehan, Client Services Director<br />
who heads up the department,<br />
said: ‘Digital connectivity and<br />
continuous advances in technology<br />
have opened up a world of global<br />
opportunities for Guernsey-based<br />
businesses. However, what it has<br />
also done is highlight how some<br />
of them are not ready to meet<br />
that demand when competing<br />
against others who are far more<br />
technologically able.<br />
‘Traditional systems and processes<br />
have in the past served Guernsey<br />
businesses very well. However,<br />
with competition from abroad<br />
and locally, companies must now<br />
reassess how they have always<br />
managed their business.<br />
He continued: ‘The statistics<br />
make for compelling reading. A<br />
recent Microsoft report on digital<br />
transformation revealed 53% of UK<br />
businesses and IT leaders say their<br />
industries will face significant digital<br />
disruption within the next two years<br />
but crucially, 47% say they have no<br />
digital transformation strategy in place<br />
‘Digital transformation can help<br />
businesses save time and money<br />
but most importantly, it dramatically<br />
COLLAS CRILL ADVISES<br />
PRIVATE HNW LENDERS<br />
ON FINANCING OF<br />
PARK PLACE<br />
Collas Crill has assisted two private<br />
high net worth lenders on a £5.5<br />
million financing for the acquisition<br />
and development of Park Place in<br />
St Peter Port. The development will<br />
entail a significant refurbishment of<br />
the building to prime commercial<br />
office space prior to being marketed<br />
with multiple lettable units.<br />
The team at Collas Crill consisted of<br />
consultant Shelagh Mason, Partner<br />
and Head of the property team,<br />
Jason Green, Group Partner and<br />
Head of the commercial team, Paul<br />
Wilkes, Senior Associate Tristan<br />
improves the customer experience.<br />
Products such as data modelling,<br />
client portals and online boardpacks<br />
are great examples of how businesses<br />
can start their digital transformation<br />
journey. The whole point of digital<br />
transformation is that you are giving<br />
value to your customer because the<br />
customer experience should be at the<br />
heart of any digital strategy.'<br />
Pierre believes there needs to<br />
be a cultural change with some<br />
businesses in Guernsey, if they are<br />
to not only survive but prosper. ‘A<br />
successful digital transformation<br />
is only achieved in tandem with<br />
a cultural change and that starts<br />
from the top and works its way<br />
down through the business. Don’t<br />
forget, the workforce entering the<br />
market now, Generation Z, is the<br />
demographic most associated with<br />
technology. They’re looking to work<br />
for organisations that are modern<br />
and tech-savvy and if not, they’ll<br />
look elsewhere.<br />
'There are many small to mediumsized<br />
businesses here that haven’t<br />
taken that on board. It’s not about<br />
buying in to one or two pieces of<br />
technology and believing you’re done.<br />
It’s about looking at your business as a<br />
whole and seeing where technology<br />
can take it to the next level and<br />
provide the best possible experience<br />
for your customers. If that doesn’t<br />
happen, they’ll be off to the business<br />
that can offer it and the outlook<br />
for those Guernsey businesses will<br />
remain uncertain.’<br />
Ozanne, Associate Ben Le Page and<br />
paralegal Harry Round.<br />
Charles Keay of Cranborne Chase<br />
Asset Finance London who acts<br />
as onshore adviser to the senior<br />
lenders said: 'I just want to reiterate<br />
how delighted we have been with<br />
the support of Collas Crill LLP<br />
throughout and in particular the<br />
lead taken by Tristan, ably assisted<br />
by Ben, who have worked tirelessly<br />
to get this done. Well done to all.'<br />
Jason Green said: 'Our team worked<br />
tirelessly to get this deal across<br />
the line often with interesting<br />
challenges along the way. The<br />
building is very much a well-known<br />
landmark and its re-entry into the<br />
office accommodation market will<br />
be welcomed by many businesses<br />
seeking medium-sized units of<br />
quality accommodation.'<br />
CAREY OLSEN BREAKS<br />
INTO TOP THREE FOR<br />
LSE CLIENTS<br />
Offshore law firm Carey Olsen<br />
now ranks third for the number<br />
of companies it advises on the<br />
London Stock Exchange (LSE) –<br />
behind only onshore law firms<br />
Slaughter and May (first) and<br />
Herbert Smith Freehills (second).<br />
Carey Olsen Partner Ben Morgan,<br />
head of the firm's corporate and<br />
finance group in Guernsey, said:<br />
'Carey Olsen has for some time<br />
been the go-to offshore law<br />
firm for London Stock Exchange<br />
listings, so it is therefore extremely<br />
pleasing to see Carey Olsen take<br />
a position alongside some of the<br />
largest onshore law firms.'<br />
The Corporate Advisers Ranking<br />
Guide show that with 101 LSE<br />
listed clients, Carey Olsen has<br />
comfortably more than double<br />
the number of the next nearest<br />
offshore law firm. The firm has<br />
also maintained its long-standing<br />
position as the leading offshore<br />
legal adviser for AIM-listed clients,<br />
advising a total of 30 clients.<br />
INTERTRUST LISTED<br />
AS A TOP TRUST<br />
COMPANY<br />
Intertrust has been listed as a Top<br />
Trust Company by eprivateclient,<br />
the online publication for private<br />
client professionals.<br />
The list surveys 100 trust companies<br />
across the UK and Crown<br />
Dependencies to determine the<br />
major fiduciary service providers<br />
for private clients. The 2018<br />
eprivateclient Top Trust Companies<br />
list ranks 36 firms into three tiers<br />
based on reputation, quality of<br />
service and how the firms have fared<br />
in the past 12 months and Intertrust<br />
is rated as a tier one firm.<br />
Ian Rumens, Global Head of Private<br />
Wealth at Intertrust, said: 'We are<br />
proud to be included on this list for<br />
another year. As a company with<br />
a network of 39 offices around<br />
the world we are pleased to be<br />
acknowledged for the high-quality<br />
service we provide to all our clients.<br />
This ranking is testament to our<br />
employees whose hard work<br />
maintains our strong reputation.'<br />
BUSINESS NEWS<br />
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