Restructuring specialist Leonard Curtis Business Solutions Group has opened its first offshore office in Guernsey to provide specialist insolvency services and asset protection.
Headed by offshore corporate advisory and restructuring specialist Matthew Wright, Leonard Curtis is now operating from Ann's Place, in St Peter's Port.
"The island is one of the largest and most well-respected offshore financial centres in the world, with a thriving funds industry and modern and innovative legislation," he said. "Some 1,000 investment funds and more than 2,000 sub-funds are currently domiciled in the island.
The island is one of the largest and most well-respected offshore financial centres in the world, with a thriving funds industry and modern and innovative legislation"
"The current value of funds under management and administration in Guernsey is just over £280bn - an increase in net asset value of £1.7bn on the previous year. So, it goes without saying that there's great opportunity for us here as locally-managed rescue, restructuring and refinancing specialists with the support of an 18-strong office network of experts and contacts behind us."
The Guernsey office will be staffed by a locally-based, experienced team with a track record of protecting assets and rescuing distressed businesses and funds in an era of unprecedented economic uncertainty and in the wake of a number of high-profile insolvency cases in the island.
The expansion to the Channel Islands will support company owners, stakeholders, fund managers, lawyers and other professional advisers who are doing business with - or housing assets in - Guernsey and Jersey with a local service undertaken from within the jurisdiction.
The firm currently has 18 offices and is also a member of the international accounting network, AGN International, and will be the sole AGN member in Guernsey.