Guernsey Finance

New data: funds reach record high; insurance sector shows growth; mixed news for banking

Newly released figures show that Guernsey’s finance industry is in good health, according to Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry.

The latest statistics from the Guernsey Financial Services Commission (GFSC) show that:

Kleinwort Benson has been appointed fund administrator for a market-leading Guernsey domiciled fund, with a launch value of US$150 million.

Kleinwort Benson (Channel Islands) Fund Services Limited has helped Prosperity Capital Management Limited to successfully launch its fourth Guernsey domiciled closed ended fund, Prosperity Quest II Unlisted Limited, demonstrating Guernsey’s position as a robust jurisdiction of choice for innovative global fund managers.

Peter Neville has been appointed as Chairman of the Board of Kleinwort Benson (Channel Islands) Limited, the Channel Island bank that migrated from Jersey to Guernsey on 1 July.

He has also joined the main Kleinwort Benson Channel Islands Holdings Limited board as a Non Executive Director, the Chairman of which remains Richard Robins.

Carey Olsen continues to advise more clients listed on the London Stock Exchange’s Alternative Investment Market (AIM) than any other offshore law firm.

Guernsey and UK industry experts will be presenting in London during September to showcase the Island’s ‘one-stop shop’ solution for tackling the financial aspects of film making.

The seminar is being held in the screening rooms at the Charlotte Street Hotel on Thursday 30 September and will feature Stephen Margolis, CEO of Future Films.

Investment manager Argyll Investment Services Limited has launched the World Shariah Funds PCC Limited, a Guernsey-based suite of Islamic-compliant investments which will be listed on the Channel Islands Stock Exchange (CISX) and distributed globally.

To be held at the Fairmont Hotel, Abu Dhabi, SuperReturn Middle East brings together regional LPs, top local fund managers and international industry titans to explain where they see the future of private equity in the region.

If you would like to attend as part of the Guernsey delegation please email j.baudains@guernseyfinance.com.

For more details please visit the event organiser's website.