IOMBN members to hear updates on the Alternative Banking Regime and Crowdfunding

The Isle of Man Business Network (“IOMBN”) is pleased to announce their next learning event; with two updates from the Department of Economic Development (“DED”). Guest speakers Simon Pickering, Head of Retail Financial Services will discuss the Alternative Banking Regime and John Garland, Head of Corporate Financial Services will discuss Crowdfunding.

Taking place at The Claremont Hotel on Wednesday 11^th May, Simon will present the Island’s new Alternative Banking Regime, covering why the Government have brought it in, what it looks to achieve and what the benefits will be to the Island when it is successful. John will talk about the imminent launch of the new “Class 6” licence for Debt & Equity Crowdfunding Platforms, which will make the Isle of Man the first International Business Centre to create a regulatory frame for Crowdfunding.

Photograph: [L-R]: Richard Smith, Rachael Hooper, John Garland, Kate Parrish and Simon Pickering.

Simon’s role within the DED is responsible for driving forward and growing the Island’s Banking, Life Assurance, Pensions and Retail Financial sectors. His role has been extended to leading the Island’s High Net Worth Individual’s strategy and Tier 1 immigration promotion, and is also now involved in the Departments China and Latin American strategies. John took up his current role with the DED where he has responsibility for delivering Government’s Corporate Financial Services and Middle East strategies.

“I’d like to thank both Simon and John for agreeing to speak to our members and guests about these two important subjects,” said Rachael Hooper, Chairman of the IOMBN. “These are two very topical areas for the Isle of Man and we are looking forward to hearing about the upcoming changes in these fields.”

Tickets cost £13 for IOMBN members and £16 for non-members.

Timings

• 5.45pm – Registration and buffet available

• 6.15pm – Presentation on Alternative Banking Regime

• 6.45pm – Presentation on Crowdfunding

• 7.15pm – Question & Answer session

• 7.45pm – Event closes

Events coming soon

The IOMBN Annual Black Tie Ball – 20^th May at 7.00pm, The Palace Hotel and Casino.

ISLEXPO event – 25^th May at 8.00am, Villa Marina.