Guernsey is the global open-ended funds centre of today and
tomorrow, says Fiona Le Poidevin, Chief Executive of Guernsey
Finance.
The asset management community is undergoing significant change.
Stuart Lawson, head of regulatory change and market development at
Northern Trust in Guernsey, recently wrote an article highlighting
the way in which the ongoing drive to de-risk banks, enhanced
reporting triggered by the US Foreign Account Tax Compliance Act
(Fatca) and the implementation of the EU Alternative Investment
Fund Managers (AIFM) directive all provide fund administrators and
custodians with process and technology challenges.
Given this environment and the prospect of further change in the
years to come, investment houses will be glad to know that Guernsey
is a jurisdiction that not only has a strong heritage in domiciling
and servicing funds but it is also able to offer innovative
solutions, including for open-ended platforms, to meet the
challenges of today
