May 2017

  • Why an offshore bank?

    Posted in May 2017 on May 17, 2017

    My latest business, Select Finance Investments, has been looking to acquire a bank in the Isle of Man and, as has been reported in the press, was in active talks with Permanent TSB to buy Permanent Bank International (PBI), its IoM subsidiary, until the decision to close PBI was announced this week. Being a long-standing advocate for the AltFi sector, it may seem contradictory for me to be looking to take on a banking licence but banks are potentially important in filling the gaps within the alternative finance sector, as much as the AltFi sector can fill the gaps in banking products and servi...

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