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Guernsey Continuing To Push Financial Services Progress

by Amanda Banks, Lowtax.net, London
29 March, 2018

Guernsey Finance, the island's financial services promotion agency, has reported on the implementation of a plan to drive forward the growth of the territory's financial services sector.

The strategy, unveiled at the agency's annual update in January this year, was to focus on five priorities: green investment, global funds distribution, private wealth and family office, wealth management and brokerage, and technology.

While most progress has been made on green investment and global funds distribution, Guernsey Finance's acting Director of Strategy, Andy Sloan, said the agency is working very closely also with industry on all five work streams, with support from dedicated groups with private sector support.

He said the five areas each have the potential to create immediate forward momentum for the island's financial services sector and are mutually reinforcing.

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