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INTERVIEW


whereby private investment in the Channel Islands could be matched by States money. The private investor would be taking the risk and would provide mentoring into the company, and his investment risk is matched by money from the States. I talked to Senator Alan Maclean at the IoD Debate in Jersey about this very possibility, and Envestors are putting together a paper where we are proposing a way forward.


At that same IoD Debate, you touched on Jersey’s lack of diversification and its failure to move away from finance and capitalise on other markets. Do you think the islands are too inward-facing? I definitely think there is a certain sense of complacency, a lack of hunger for growth. Many people in Jersey have a relatively successful lifestyle and a high quality of life. I would urge any island or any population to continue to push its boundaries and continue to grow. Clearly Jersey is very strong in the financial sector but I feel it should capitalise on many of its other talents.


Do you see any other barriers to business?


Possibly speed of broadband. I don’t see a problem in the commercial environment – I’ve been in many offices and hotels and the speed of broadband has been fine. The issue is in the domestic home environment where the speed of broadband seems poor. Many people are living a 24/7 working lifestyle and it doesn’t matter that they have broadband in the office, they also need that at home to continue their normal working practises.


How do you see Envestors progressing in general, and in the Channel Islands? The future for Envestors is looking very promising. We’ve recently been acquired by the Braveheart Investment Group which is an AIM-listed company. They provide funds under management, run co-investment funds and provide additional investment services for private investors, so it’s a very good ‘fit’. In terms of the Channel Islands, a pan- island investor network is an aim. We’ve also seen more high-quality companies coming


forward after the success of DotTVMedia, but more firms need to take the opportunity to seek extra finance, and the mentoring support and guidance it can also bring. n


NICK KIRBY is Editor-in-Chief of businesslife.co


Fact file


NAME: Scott Haughton AGE: 45 LIVES: London MARRIED TO: Helen


CHILDREN: Two sons, aged 13 and 11 (who thoroughly enjoyed spending time at Little Joe’s Surf School in St Ouens in August!)


POSITION: Co-Founder and Director, Envestors Ltd


HOBBIES: Cricket, rugby, skiing


TRUST & CORPORATE STRUCTURES


INVESTMENTS


FINANCIAL PLANNING


FUND ADMINISTRATION


The definition of service excellence We pride ourselves on our excellence through total quality


management and expertise across a number of disciplines ensuring strong results for our clients. In turn, these results become the new benchmarks for others to emulate. Through innovation and strong leadership we gain further success in new and exciting markets - where we go, others follow.


Tel: 01534 868200 Be part of the brilliance.


www.horizongroup.net


Horizon Group is a trading name of Horizon Trustees (Jersey) Limited, Horizon Investments (Jersey) Limited and Horizon Fund Management Limited each of whose registered office is at Maxwell Chambers, 35-39 La Colomberie, St Helier, Jersey, JE2 4QB and each of whom are regulated by the Jersey Financial Services Commission.


December 2010 / January 2011 businesslife.co 21


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