Tag: Guernsey Finance

Guernsey signs MoU with Shanghai Family Office Union

| December 8, 2015 | 0 Comments

Guernsey Finance, on behalf of Guernsey’s financial services sector, has signed a Memorandum of Understanding (MoU) with the Shanghai Family Office Union (SFOU). The agreement was signed by Kate Clouston, Director of International Business Development at Guernsey Finance, and Antoine Kuo, Chairman of the SFOU, at a co-hosted wealth management event in Shanghai last month. […]

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Guernsey funds grow by nearly £5 billion in Q3

| November 30, 2015 | 0 Comments

The total value of funds business in Guernsey grew by £4.9 billion (2.2%) during the third quarter of the year. Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2015, the net asset value of all funds under management and administration in the Island stood at £224.8 billion. Guernsey […]

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Former Chief Minister named as new Chairman of Guernsey Finance

Former Chief Minister named as new Chairman of Guernsey Finance

| November 19, 2015 | 0 Comments

The Board of Guernsey Finance has today announced that Lyndon Trott will be appointed as its Chairman with effect from 1 December. Mr Trott will replace Jim Gilligan, who is retiring as Chairman having held the position since 2006. “I am delighted to have been invited by the States of Guernsey and the Guernsey International […]

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Cost and ease of captive set-up a fit for hedging longevity

| October 21, 2015 | 0 Comments

Benefits of utilising a captive insurance company to hedge longevity risk include a lower cost base and the guarantee of a ‘principal-to-principal’ approach between the pension scheme and the reinsurance market, according to pensions funding expert Ian Aley. Mr Aley, who heads the transactions team at Towers Watson and specialises in advising pension funds and […]

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Guernsey leads the way in offering longevity risk solution

| October 19, 2015 | 0 Comments

Guernsey’s position as the go-to jurisdiction for longevity risk transactions was outlined at a thought leadership event in London on Wednesday. Hosted by Guernsey Finance, Longevity – is there life in captives? attracted more than 120 delegates who heard from John Coles, Head of Operations for the BT Pension Scheme, on how BT structured its […]

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VinaCapital announces plan for Guernsey fund migration

| October 5, 2015 | 0 Comments

Directors of the VinaCapital Vietnam Opportunity Fund have announced plans to migrate the fund’s domicile from the Cayman Islands to Guernsey. The fund will also switch from listing on AIM to the Main Market of the London Stock Exchange (LSE) upon completion of the migration. The closed-ended investment company focuses its investment strategy across the […]

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Guernsey funds regime providing key route into Europe for AIFs

| October 1, 2015 | 0 Comments

Figures from the European Securities and Markets Authority (ESMA) have underlined the strong relationship between Guernsey’s fund industry and the European marketplace. Data contained within ESMA’s advice on the granting of third country passports under the Alternative Investment Fund Management Directive (AIFMD), reveal that Guernsey was the third largest non-EU fund domicile, behind only the […]

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Guernsey Finance appoints Middle East representative

| September 29, 2015 | 0 Comments

Guernsey Finance has appointed Zoë Cousens as its first ever Middle East representative. Mrs Cousens relocated to the region at the start of September and will help to promote Guernsey’s financial services industry in the Middle East and be an on-the-ground presence for Guernsey Finance. Based in Dubai, she will act as the main point […]

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Guernsey’s fund and banking industries show stability in Q2

| September 25, 2015 | 0 Comments

Guernsey’s financial services regulator approved 18 new investment funds during the second quarter of 2015, resulting in a total of 112 additions for the year ending 30 June 2015. Figures from the Guernsey Financial Services Commission (GFSC) also show that the net asset value of all funds under management and administration in Guernsey fell by […]

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Guernsey extends market access to EU countries under AIFMD

| September 16, 2015 | 0 Comments

Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey. The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and the European Parliament that the EU Alternative Investment Fund Management Directive (AIFMD) passport should be […]

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