Tag: Guernsey Finance

Guernsey funds sector demonstrates stability over third quarter

Guernsey funds sector demonstrates stability over third quarter

| December 11, 2014 | 0 Comments

Guernsey’s financial services regulator has approved 42 new investment funds for the second quarter in succession, resulting in a total of 140 additions during the 12 months to the end of September. Figures from the Guernsey Financial Services Commission (GFSC) show that 30 new funds were approved during the fourth quarter of 2013, 26 in […]

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Meeting of the Crown Dependency Regulators

| November 17, 2014 | 0 Comments

The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014. The meeting provides an annual forum for members of the respective Boards to meet and discuss common issues affecting the Crown Dependencies and to share their regulatory knowledge and experience. On this occasion the meeting was […]

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Guernsey banking deposits grow in Q3

| November 17, 2014 | 0 Comments

The value of deposits held by banks in Guernsey grew by £3.5 billion (4.5%) during the third quarter of the year. Figures from the Guernsey Financial Services Commission (GFSC) show that the value of bank deposits reached £80.9 billion at the end of September. This is still around £3 billion lower than the same time […]

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Guernsey’s funds offering to be given technical analysis

| November 17, 2014 | 0 Comments

A technical showcase of Guernsey’s funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year. The event, which takes place at the British Museum on Wednesday 28 January, features a panel debate comprising leading figures […]

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FirstRand secures Guernsey banking licence

| October 29, 2014 | 0 Comments

Major South African banking group, FirstRand, is to open a Guernsey branch. The Guernsey Financial Services Commission (GFSC) issued a deposit-taking licence to FirstRand Bank Limited Guernsey branch on Friday 17 October. The new banking operation will trade as FNB Channel Islands and will launch formally next year. The bank enhances FirstRand’s presence in Guernsey […]

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New Guernsey Finance Chief Executive is named

New Guernsey Finance Chief Executive is named

| October 20, 2014 | 0 Comments

The Board of Guernsey Finance has announced today that Dominic Wheatley will be appointed as Chief Executive with effect from 1 December.  Mr Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July. Mr Wheatley has more than 25 years’ experience in the international financial services market in the UK and Guernsey, most […]

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Guernsey team showcase offering to leading Chinese fund managers

Guernsey team showcase offering to leading Chinese fund managers

| October 20, 2014 | 0 Comments

Guernsey’s credentials as an international funds centre have been showcased to the leading asset management groups in China. Guernsey Finance – the promotional agency for the Island’s finance industry – hosted an event in Beijing in conjunction with the Asset Management of Association of China (AMAC), which attracted more than 20 delegates. The presentation was […]

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+ delegates attend Guernsey private wealth event in Shanghai

+ delegates attend Guernsey private wealth event in Shanghai

| October 15, 2014 | 0 Comments

More than 140 high net worth individuals (HNWIs) and advisers attended a Guernsey private wealth management event in Shanghai yesterday. Guernsey Finance – the promotional agency for the Island’s finance industry – hosted the event in conjunction with the Shanghai Municipal Financial Services Office. Welcome speeches were given by Kevin Stewart, Guernsey’s Commerce and Employment […]

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2014 Commission appoints panel of experts

| October 15, 2014 | 0 Comments

The Commission has appointed a panel of Queen’s Counsel who will sit as ‘Senior Decision Makers’ and determine the outcome of the Commission’s major enforcement cases. Enforcement cases were previously heard by a ‘Commissioner Decision Committee’ comprising three Commissioners. In future a QC will be appointed by the Commission as a ‘Senior Decision Maker’ to sit […]

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Rankings confirm Guernsey as a leading specialist finance centre

| October 15, 2014 | 0 Comments

Guernsey has solidified its position as one of the top three specialist financial centres in the world in the latest global rankings issued by trade title The Banker. The magazine is part of the Financial Times group of business publications and annually produces a supplement which ranks international finance centres. While Guernsey has maintained its […]

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