Innovation, depth of talent and stability were the watchwords at the Carey Olsen sponsored Guernsey Funds Forum 2017, which took place on 11 May in London.
A call for product innovation was a key theme at the forum, which attracted over 450 attendees.
Partner Annette Alexander (pictured), who was in attendance, says: “Guernsey is an innovative jurisdiction and we need to continue to innovate in order to attract new business and satisfy client needs. The new Guernsey Private Investment Fund (PIF) regime significantly reduces the cost and time for fund launch. Carey Olsen was closely involved in the development of this new product and has advised on the launch of the Island’s first three PIFs.
“Guernsey also has its own Impact Guernsey group with a focus on impact investment funds as the sector moves from niche to mainstream. This sector already has more than USD75 billion assets under management.”
Another topic was broadening the talent pool in Guernsey.
“Given its size, Guernsey is a leading funds domicile with great depth of expertise and talent in professional services,” says Alexander. “The island has an excellent reputation for robust corporate governance and local industry experts, including lawyers from Carey Olsen, who work together with the regulator to develop innovative laws and regulations best suited to support and grow the funds industry. The Island continues to invest in this talent pool to ensure it remains a leading funds jurisdiction.”
Guernsey’s role in the wider funds world was also highlighted at the conference along with its stability.
“Guernsey seeks to support the UK in competing for investment business, post-Brexit and is committed to maintaining the substance of its existing relationship with both the UK and the EU,” says Alexander. “Guernsey is a global centre of excellence and a stable, neutral jurisdiction which is attractive in uncertain times.”