Guernsey Finance publishes global distribution statement
Latest news
Guernsey Finance publishes global distribution statement 01 May 2018Guernsey Reporter: Maddie Saghir
Image: Shutterstock
Guernsey Finance has published its funds distribution statement as part of its new development strategy.
The statement, entitled ‘connecting to the parts of the world managers want to reach’, sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets.
The statement outlines the route, which Guernsey Finance intends to ensure that managers and investors best appreciate Guernsey’s current ‘four corners of the globe’ distribution capability.
The four corners include financial technology, impact investment, Islamic finance and global distribution.
Additionally, it sets out an approach to enhance Guernsey's competitive position through a series of collaborative actions, including an alignment with the UK asset management industry.
Dr Andy Sloan, acting director of Strategy at the promotional agency, said: “Guernsey’s proven, smarter, faster route to market supports managers connect to the global markets they want to reach—through Guernsey global managers can currently reach more than 80 percent of global wealth.”
Sloan added: “We intend to build on that position to become the global jurisdictional platform supporting managers to connect to global markets.”
“With increasing global regulatory costs and a low-return investment environment, we believe it particularly important to push for a global template for funds’ regulatory regimes to drive down the costs of global investing.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 