Two regional businesses in Jersey, Greenlight CI and Sator Regulatory Consulting, have affiliated with BDO Jersey and the firm's international network. The joining of forces augments the respective services of the three players, to be better able to service the needs of clients in the region in the face of a number of key market changes, from regulatory to technological.
In a bid to provide a more comprehensive package of services to clients in Jersey*, BDO Jersey, which operates a team of 70 experts and delivers a broad range of audit, tax, outsourcing and advisory services, has joined forces with Greenlight CI and Sator Regulatory Consulting.
Greenlight CI is a change management consultancy business that has, since 2008, provided Channel Island clients with a range of services related to assessing their current situation, checking if change management projects are on track, and whether the change mechanism is appropriate. Sator Regulatory Consulting was founded in 2009 by the former Head of Enforcement for the Isle of Man Financial Supervision Commission and as Deputy Director General of the Jersey Financial Services Commission, Helen Hatton. Today, the firm, which has grown to a team of 9, provides regulatory consulting services to clients across the Channel Islands.
The collaboration of the three parties in partnership, sees the formation of an integrated professional services firm spanning audit, tax, outsourcing, financial regulatory advisory and change consulting. Through the collaboration, the three firms will be better able to leverage their key skills to supports developments in the wider market, related to new regulations, technological disruptions and changes within the global tax landscape, that all drive business to change rapidly.
Matthew Corbin, CEO of BDO in Jersey says, “BDO Jersey, Greenlight and Sator are each specialists in their own field, working for an entrepreneurial and ambitious client base that benefits from an integrated service approach. This transaction further enhances our service to clients. Our focus remains toward assisting our clients to successfully navigate fast paced market change, brought about by rapid advancements in regulation and technology in particular.”
Greenlight CI CEO Eliot Lincoln says that the partnership is the right move for the firm. He states, “By joining with BDO and Sator, Greenlight will become part of a talented team that can offer a wider range of services for all our clients. We will continue to offer the same change management and business transformation services we have always offered our local clients, but being part of a larger, global network will be hugely positive for diversifying and expanding our client base. These are exciting times for all of us.”
For Hatton the move represents the formation of a "dream team" for businesses in Jersey. “Over the next few months we will be aligning our corporate values and our client bases. Joining the BDO family will be a significant step for Sator, allowing us to push into new areas, covering regulatory change across an even greater client base,” she says.
* Jersey is a small Crown dependency of the United Kingdom, situated in the English Channel. The Island, while connected in a number of ways to Britain, retains complete financial and political autonomy. The small area is one of the world’s top offshore financial centres.