Guernsey Finance

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.

Guernsey is a key sponsor at this forum that looks at opportunities for private equity in India, now that business is back on track following the Indian Stock Market “wobbles” in late 2007 and 2008.

Taking place at the Grand Hyatt, Mumbai, some of the key topics that will be covered include the rise of domestic Indian funds, the de-commoditisation of Private Equity and “what now for Indian PE?”

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.

Delegations of politicians, officials and business leaders from Guernsey will be visiting both India and China during the second half of the year to enhance financial services links between the jurisdictions.

Carla McNulty Bauer, Minister for the Commerce and Employment Department within the Guernsey Government, will lead a delegation to Delhi and then Mumbai between Monday 18th October and Saturday 23rd October.

Lyndon Trott, Chief Minister, will then lead a delegation to Beijing and Shanghai at the start of November.

The very latest thinking on Qualifying Recognised Overseas Pension Schemes (QROPS) will be examined at a series of seminars to be hosted by Guernsey across the UK this autumn.

Guernsey has already held two QROPS events in London during the past nine months and it is now planning masterclasses in Manchester, Bristol and Birmingham during September and October. They will include an examination of recent developments such as the introduction of Qualifying Non UK Pension Schemes (QNUPS).

View the special report from www.expatmoneychannel.com through this link:

Expat Money Channel - Guernsey Special Report

Guernsey’s Government has announced that it plans to give financial institutions a window from 1st January 2011 to 1st July 2011 for moving to automatic exchange of information.

Yesterday’s discussion in Westminster Hall on ‘Offshore Financial Centres’ highlights a growing understanding among UK MPs of small International Finance Centres (IFCs), according to Peter Niven, Chief Executive of Guernsey Finance.

The Rt. Hon. Mark Field, Conservative Party MP for the Cities of London and Westminster, opened proceedings by saying that the debate over the role of small IFCs had been, to date, “remarkably one-sided.”