Channel Islands Exchange To Rebrand, Expand To Isle Of Man
by Jason Gorringe, Lowtax.net, London
13 February, 2017
The Channel Islands Securities Exchange has announced plans to rebrand as The International Stock Exchange from March 6, 2017.
The Exchange, which is headquartered in Guernsey and opened an office in Jersey at the start of 2015, will also launch an office in the Isle of Man on March 9, 2017.
Jon Moulton, Chairman of the Exchange, said: "The business has been developing very well over the last few years, with both an increased and more diversified flow of new listings but our longer term strategy for growth is based on continuing to expand our international footprint."
"We already have business coming to us from many different parts of the world. Also, last year we made changes so that listing sponsors no longer have to be based in the Channel Islands but can be from further afield and we signed a Memorandum of Understanding with the Bermuda Stock Exchange to explore opportunities for working together. In addition, next month we will be launching a presence in the Isle of Man where there is real enthusiasm for local access to an international exchange."
Commenting on the launch of the new Isle of Man office, Fiona Le Poidevin, Chief Executive of the Exchange, said: "I have made several visits to the Isle of Man in the last year and it is clear that there is significant interest from businesses in the island to have access to an exchange."
"The Isle of Man has trading companies within a diverse range of industries, including in the technology sector, who will be able to use the Exchange to raise capital to help them grow and the Exchange will also offer other firms the opportunity to participate in its success by being a listing sponsor or providing legal or administrative services to those companies being listed. Ultimately, we hope that our presence in the Isle of Man will directly and indirectly boost employment and growth in the Manx economy and generate positive revenues for the local exchequer."
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