Guernsey's financial services industry, the engine of the
island's economic growth over the past half-century, values its
relationship with the City of London and position within the
British finance industry. This sector – which has four main
pillars of investment funds (70 fund managers and administrators
based in the island), some 150 wealth managers, 20 insurance
managers and 20 banking groups together with a range of support
service providers – employs about a third of the island's
workforce. Guernsey Finance is the promotional agency for the
industry.
The finance industry's importance in Guernsey
Guernsey has a clear role as a conduit through which billions of
pounds of international investment enters the City's capital
markets, and the UK financial services industry receives
significant revenues on the back of Guernsey's finance sector
– more than £1 billion from investment management fees
alone.
