Capital International Group

A Message from Lord Pickles and Lord Blunkett, followed by Capital International Group's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, it is uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from Capital International Group is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Blunkett signature Rt Hon The Lord David Blunkett
Pickles signature Rt Hon The Lord Eric Pickles

www.capital-iom.com

THE PARLIAMENTARY REVIEW
Highlighting best practice
2| CAPITAL INTERNATIONAL GROUP
CEO Greg Ellison
Operating from the Isle of Man, Capital International Group
is an investment firm with an international presence,
especially in South Africa. Initially starting as a small
family-owned firm, the company now boasts 124 employees
and over $4 billion worth of assets. During its evolution, it has
gone from strength to strength, and it’s currently working to
become the Isle of Man’s first corporate bank in over 30 years.
Chief Executive Officer Greg Ellison expands upon this journey.
Our head office in Douglas, Isle of Man, is the centre of a truly international
enterprise. Indeed, the majority of our business has its origins outside of the
island. Our expansion abroad has reached a stage where we now have offices in
Cape Town and Johannesburg, South Africa. Over 30 per cent of our revenues
come from this side of the business, and this has helped us over the last few
years to achieve an average annual growth rate of over 20 per cent. Despite the
considerable challenges that have plagued the industry, we’ve doubled in size over
the past half a decade.
Innovation, integrity and excellence
Our business consists of three core offerings. The open architecture platform
allows wealth managers and financial advisers to access equities on numerous
international stock exchanges, including London and New York, as well as funds
and other investments – a service that not many international investors currently
possess. This is particularly useful for somewhere like South Africa, where there still
exist strong exchange controls that limit their access to international markets.
The second aspect of our offering is our in-house investment management team,
headed by our chief investment officer, David Long. Between them, the team
have some 150 years of experience and can therefore provide highly tailored and
personalised solutions to suit all kinds of needs and circumstances. We provide this
service to, among others, independent financial advisers, life companies, pension
schemes, fund and wealth managers, corporate and trust service providers, and
high-net-worth individuals.
Finally, there’s the treasury service, the third component of our offering. Despite
having been part of our business for over a decade, it’s due to evolve substantially
in the coming years. The group is working on an application for a banking licence
under the Isle of Man’s Alternative Banking Regime. If successful in attaining
this licence, we can, as a bank, greatly increase the core transactional and
foreign exchange services that we are able to offer our clients. This would be a
considerable step for the island, as it has been over 30 years since a new bank last
opened in the Isle of Man.
AT A GLANCE
CAPITAL INTERNATIONAL
GROUP
»CEO: Greg Ellison
»Founded in 1996
»Located in the Isle of Man
(Douglas and Castletown) with
offices in South Africa (Cape
Town and Johannesburg)
»Services: Investment platform,
treasury and discretionary
investment management
services
»No. of employees: 124
»Highly commended for “Best
International Platform” by
International Investor at
the International Fund and
Product Awards 2018
»Winner of “Freedom to
Flourish” at the 2018 Isle of
Man Awards for Excellence
Capital International
Group
3CAPITAL INTERNATIONAL GROUP |
BEST PRACTICE REPRESENTATIVE
Being on this island – a Crown
dependency with considerable
autonomy – is a source of pride for us
and comes with considerable advantages
as far as finance is concerned. We
are globally recognised as one of the
premier offshore jurisdictions, and
we are well regarded for our strong
regulatory framework and heritage.
Indeed, it was for this reason that the
company was set up here in 1996.
Being located on the Isle of Man puts
us in exceptionally good stead to trade
and do business with the rest of the
world. To this day, the entire operation
is owned and controlled from the Isle
of Man. Nevertheless, the success of
our South African business has resulted
in around 30 staff being employed in
Cape Town and Johannesburg.
Since our founding, our three core
values have remained consistent and
underpin all that we do. They are
innovation, integrity and excellence.
These are the watchwords for our
culture and are never far from
the mind of everyone at Capital
International Group. Building on our
heritage, we continue to forge new
paths, consolidate our trusted position
with our clients and intermediaries,
and work tirelessly to excel in every
service that we provide.
Meeting the needs of a
growing business
Challenges have existed along the way.
For example, in the years following
the financial crisis, there was a decline
in many financial services on the Isle
of Man. With our strong position,
however, we managed to weather
the storm and seek out yet more
opportunities.
Setting up a business abroad, too,
brought with it some difficulties, not
least in logistical terms. Upon our move
to South Africa, we had to ensure
regulatory compliance in this new
area, which itself required considerable
investment and tenacity. Starting in
this part of the world as an unknown
entity required a lot of time and effort,
but eventually we established the right
relationships and saw rapid progress.
With our success and growth also
came a need for scaling the business,
which meant employing new staff,
upskilling existing staff and investing
in new technology. These growing
pains were not always easy to deal
with, but with our strong commitment
to innovation, we eventually met the
needs of a growing business. In no
small part, this was helped enormously
by our “dynamic, energised,
challenging, rewarding and fun” team
(as colleagues have put it).
Growing on a solid foundation
The future will consist of continuing
to provide exceptional, sophisticated
and valuable solutions that our clients
the world over appreciate. It will also
consist of growing our existing offerings
further, both geographically and in
terms of scale. Whatever comes our
way, our position is strong enough to
work through and meet any challenges.
Our location, our trusted and effective
solutions, and our strong company
culture put us in good stead for the
future – and, for that reason, we face
the future with nothing but confidence.
Capital International
Group is your
bridge to a world
of international
investment solutions
Between them,
the team have
some 150 years
of experience
and can
therefore
provide highly
tailored and
personalised
solutions

www.capital-iom.com

This article was sponsored by Capital International Group. The Parliamentary Review is wholly funded by the representatives who write for it. The publication in which this article originally appeared contained the following foreword from Rt Hon Michael Gove.

Rt Hon Michael Gove's Foreword For The Parliamentary Review

By Rt Hon Michael Gove

This year's Parliamentary Review comes at a momentous time for parliament, as we collectively determine the destiny of the United Kingdom. 

On October 31, the UK will leave the European Union. The successful implementation of this process is this government's number-one priority.

Three years after a historic referendum vote, we will deliver on the decisive mandate from the British people. Trust in our democracy depends on it. Until that final hour, we will work determinedly and diligently to negotiate a deal, one that abolishes the backstop and upholds the warm and close relationship we share with our friends, allies and neighbours in the EU. But in the event that the EU refuses to meet us at the table, we must be prepared to leave without a deal.

As the Chancellor of the Duchy of Lancaster, it is my job to lead on this government's approach, should that scenario happen. Preparing for Brexit is my department's driving mission. But while I am leading this turbocharged effort, the whole of government is committed to this endeavour.

Ministers across Whitehall are working together to ensure that every possibility is considered, every plan is scrutinised and every provision is made. A daily drumbeat of meetings means that we are holding departments accountable, so that preparations are completed on time.

The chancellor has confirmed that all necessary funding will be made available. And we have mobilised thecivil service, assigning 15,000 of our most talented civil servants to manage our exit from the EU.

We will make sure that on November 1, there is as little disruption to national life as possible. Our trade relationships will continue to thrive, thanks to agreements with countries around the world worth £70 billion. Our country will remain secure, thanks to nearly 1,000 new officers posted at our borders. And the 3.2 million EU nationals now living and working among us can remain confident, with absolute certainty, of their right to remain in the UK.

Above all, our goal is to be transparent. Soon, we will launch a public information campaign so that citizens, communities and businesses are ready and reassured about what will happen in the event of “no deal”.

In my first few weeks in this role, I have travelled to ports and tarmacs, borders and bridges, all across the UK –from the seaside of Dover to the rolling green hills of County Armagh. I have heard from business owners and border officials, farmers and hauliers. They are ready to put an end to uncertainty. And they are ready to embrace the opportunities ahead.

Our departure from the EU will be a once in a lifetime chance to chart a new course for the United Kingdom. Preparing for that new course will be a herculean effort. But this country has made astounding efforts before. We can do it again.
Rt Hon Michael Gove
Chancellor of the Duchy of Lancaster