ARTICLE · 21 NOVEMBER 1996
Guernsey Fund Managers Association
(Update Issue Number 8 Autumn/Winter 1996)
The Guernsey Fund Managers Association ("GFMA") was formed in 1989, in part to provide a communications channel between the Guernsey authorities and the fund management sector. Its other main objective is to create a forum for the exchange of ideas between its members to promote the Island's fund management services. Both objectives are targeted towards increasing the ability of fund managers to expand their business.
The Association's membership is now 17 and covers all the fund managers authorised by the Commission. Chairman, Nick McCathie, who is the Managing Director of Guinness Flight Fund Managers (Guernsey) Ltd., believes the fund management industry is in a strong competitive position having developed and matured over the past 35 years. "There is a wealth of knowledge and breadth of experience available in Guernsey and a wide range of specialist service providers which few offshore financial centres can match."
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