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BUSINESS ROUND UP
Accountants elect new president Desiree McHard, managing partner of BDO, has been elected President of the Gibraltar Society of Accountants (GSA).
Desiree, who has served
on the GSA executive committee for six years, moved from Chair of the Audit Faculty to President, and takes over the position from Colin Vaughan who had presided since 2013.
Accepting the chain of office at their Annual General Meeting in June. Mrs. McHard thanked Mr. Vaughan and the outgoing executive committee for their work and accomplishments. Desiree stated that she intended to build on
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the excellent working relationship with HM Government of Gibraltar, the Financial Services Commission and other stakeholders; she looks forward to a busy period of office continuing to advise on and
contribute to, changes in legislation that affect the entire business community and addressing the many EU directives and international standards that
impact upon the finance industry locally.
Bank paying with Apples
NatWest customers in Gibraltar, as well as in Jersey, Guernsey and Isle of Man are amongst the first to have access to the much-heralded Apple Pay facility, transforming
mobile payments with “an easy, secure and private way”, according to the Bank.
It is the latest development in a series of moves by NatWest to make it easier and more secure for customers to do their banking on the move; recent digital innovations include the integration of Touch ID, where customers can open the NatWest mobile iOS application for smartphones, just using a fingerprint, and to get cash from a hole-in-the-wall ATM without a bank card.
Apple Pay uses near-field communication (NFC) chips embedded in the iPhone 6, iPhone 6 Plus and Apple Watch to pay for goods and services by holding the device near a card reader, much as with a contactless debit card.
Bassadone’s services to business The Queen’s 2015 Birthday Honours list in June was headed by 65 years old John Bassadone, chairman of Gibunco Group, a multi-faceted company with interests in fuel bunkering and servicing of ships in Gibraltar and land reclamation projects for housing and offices.
His OBE – one of ten awards for Gibraltar residents - was for services to business in Gibraltar. Gibunco, was started in 1965 as an underwater engineering and ship repair company, but expanded into the territory’s largest oil bunkering operation in the Port, and through subsidiary Penninsular Petroleum, has been involved similarly at four other ports, and in worldwide oil and lubricant trading. For over 20 years it has also had a joint arrangement with Spanish oil producer, Cepsa.
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