A finance industry event looked at how Guernsey could bring in the “next trillion” pounds of investment, after the island recently passed the £1 trillion milestone.
This year’s Guernsey Funds Forum explored ways for the island to support managers and investors during the next phase of global private capital growth.
Barnaby Molloy, Guernsey Finance’s Chief Executive, said the “significant milestone” showed the “strength, flexibility and credibility of Guernsey’s offering”.
Mr Molloy said Guernsey’s finance industry helped “capital to reach areas where it is needed most, whether that is long-term investment, underserved sectors or specialist areas such as defence”.
He added: “A sizeable part of that trillion comprises entities which are ancillary to funds, including deal-by-deal and club arrangements, as well as specialist vehicles that sit alongside regulated fund structures.”
This was an area where Guernsey’s “specialist expertise and flexibility continue to stand out”, he said.
Quality people
John Godfrey, from industry body TheCityUK, said Guernsey was “integral” to the UK’s finance sector and “complemented” it.
“Guernsey sets a globally high standard,” he said, which it had achieved because of its “quality of the firms and people”.
The Forum brought together fund managers, legal advisers, administrators and industry specialists for a programme of keynote speeches, panel discussions and practical seminar sessions examining the future direction of the funds industry and Guernsey’s role within it.