As part of its new development strategy, Guernsey Finance has this week published its funds distribution strategy statement, Connecting to the parts of the world managers want to reach.
The statement sets out Guernsey's plan to become the global jurisdictional platform helping managers reach global markets. It outlines the route by which Guernsey Finance intends to ensure that managers and investors best appreciate Guernsey’s current 'four corners of the globe' distribution capability.
Dr Andy Sloan, Acting Director of Strategy at the agency, said: “Guernsey global managers can currently reach more than 80 per cent of global wealth. We intend to build on that position to become the global jurisdictional platform supporting managers to connect to global markets.”
The statement sets out an approach to enhance the island’s competitive position through a series of collaborative actions. These include alignment with the UK asset management industry as it pivots to a ‘rest-of-the-world’ business model, and endorsement of mutual regulatory recognition as the global model for investment fund distribution.
• To view the statement click here