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Guernsey’s funds industry is seeing a number of new inquiries so far this year and expects to see a rise in the value of the sector before the end of the year, following a decline in the first quarter’s figures. New date from the Guernsey Financial Services Commission (GFSC) showed the net asset value of […]
Guernsey’s stability and security means it is well-placed to help fund managers overcome Brexit uncertainty over the next couple of years, an expert panel agreed at the annual Guernsey Funds Forum in London. The island’s long-standing stability and experience in operating as a “third country” outside of the European Union were highlighted in a wide-ranging […]
Just days after Britain’s House of Commons voted through its controversial amendment to the anti-money laundering bill, which will force the country’s overseas territories (BOTs) to disclose the ownership of companies registered in their jurisdiction, a group of MPs is pressing for the same law to apply to the Crown Dependencies. The Isle of Man, […]
The Channel Island of Guernsey is preparing to launch the world’s first regulated green investment fund product, the local regulator announced today. The island’s financial services regulator, the Guernsey Financial Services Commission (GFSC), has published a set of draft green fund rules for consultation. They will enable fund managers to apply for a green label […]
Guernsey’s financial services regulator has fined a locally-based trust and corporate services provider, Richmond Fiduciary Group Ltd, £45,500, after identifying what it said were a number of compliance failures in an investigation into the company that began in 2016. In a statement posted on its website, the Guernsey Financial Services Commission said it considered it “reasonable […]
Guernsey Finance, the promotional arm of Guernsey’s financial services industry, has named Adrian Norman to represent the interests of its members in London, on a permanent basis. Norman (pictured left), a Guernsey native, has some 25 years of financial services industry experience, more than 20 of which he spent on the Channel Island, Guernsey Finance […]
Guernsey is looking to position itself as the leading jurisdiction for green financial services as part of a strategy for the island’s financial services sector with a focus on “green investment.” Guernsey Finance’s acting director of strategy, Dr Andy Sloan, said that the ambition was to develop the broadest and best range of product with […]
Guernsey’s financial services industry is marking 10 years since the Trusts (Guernsey) Law came into effect – a development many in the industry remember for its innovation and farsightedness. The 2007 legislation, which replaced the Trusts (Guernsey) Law, 1989, was designed to create a more flexible framework for the local trust industry and to provide […]
Guernsey Finance Guernsey Finance, the promotional agency for Guernsey’s financial services industry, has named Dorothy Kwok to a new role in its two-year-old Hong Kong outpost. Kwok (pictured left), a native of Hong Kong, has spent the past eight years working in Guernsey’s trust and corporate services industry, most recently with Equiom, the global trust business […]
The Bank of NT Butterfield & Son is to acquire Deutsche Bank’s banking and custody businesses in the Cayman Islands, Jersey and Guernsey, the Bermuda-based institution founded by Nathaniel Butterfield in 1758 has announced. The announcement comes four months after the bank said it was buying Deutsche Bank’s Global Trust Solutions business, excluding its US […]
Maitland has announced that it will expand its existing presence in Guernsey having obtained its full fiduciary license. The cross-border global advisory and fund administration firm can now provide a complete suite of private client fiduciary services in Guernsey alongside their existing fund administration and corporate services offering. As a result Maitland Guernsey’s services now […]
Fidelity International Fidelity International, the Bermuda-based asset manager, said it has named Hugh Prendergast global head of product. Fidelity said Prendergast would, in his newly-created role, bring together and lead Fidelity’s product teams based around the world, while also being responsible for continuing to develop its global product strategy. Once he joins the company next month, […]
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