Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Defunct Premier Group links uncovered in Panama Papers

By Kirsten Hastings, 31 Mar 17

Wound up Isle of Man-based investment fund manager the Premier Group has links to the Panama Papers, the worldwide scandal described as the “biggest ever blow” to the offshore world.

Wound up Isle of Man-based investment fund manager the Premier Group has links to the Panama Papers, the worldwide scandal described as the “biggest ever blow” to the offshore world.

Premier Group was set up in 2007 and focused on renewable and green investments, including the now-wound up New Earth Funds and the beleaguered Eco Resources Fund.

Four firms

The fund manager has been found in a search of the International Consortium of Investigative Journalists’ (ICIJ) database on the Panama Papers, which saw 11.5 million documents leaked from law firm Mossack Fonseca in April 2016.

The papers reveal that the Isle of Man-based company is linked to four British Virgin Islands-based firms.

They are called Premier Group Distribution Inc, Premier International Distribution Inc, International Product Distribution Inc, and Protected Solutions Inc.

All four companies list BVI as their jurisdiction but share an address: The Premier Group (IOM) Limited, Ground Floor Office, 12-14 Ridgeway Street, Douglas, Isle of Man.

Directors

Jamie Sutton and Michael Richardson, both of whom were directors of Premier Group, are named as shareholders of Premier Group Distribution Inc.

Also named is Antony Parry, who resigned as a director of Eco-Resources Fund along with Sutton in December.

Sutton is named as a shareholder in International Product Distribution Inc and Premier International Distribution Inc, but not of Protected Solutions Inc.

Richardson and Parry are named as shareholders of Protected Solutions Inc.

continued on the next page

Pages: Page 1, Page 2

Tags: Eco Resources Fund | ICIJ | Isle Of Man | New Earth | Panama Papers

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Avaloq and BTA Finance deal.

    Industry

    Brooks Macdonald appointed official wealth management partner of BAFTA

    Companies

    Premier Miton appoints new NED and chair to succeed Robert Colthorpe

  • Latest news

    UK government confirms pre-1997 indexation for PPF members

    Europe

    Hoxton Wealth: Two overlooked measures in UK Budget that could impact expats


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.