Foundations – Another Tool In Guernsey’s Armoury

Guernsey Finance Chief Executive Fiona Le Poidevin explains why the jurisdiction introduced its own foundations legislation and how it differs from others in the fiduciary world.

Guernsey has a heritage dating back more than 50 years as a top tier jurisdiction in the servicing of private clients.

Today, there are 150 lead corporate fiduciary licensees, ranging from multinational organisations to independent, locally-owned firms, who in total employ nearly 2,500 members of staff that have contributed to a well-deserved reputation for offering cutting edge wealth management solutions. The fiduciaries are complemented by the broader financial services industry in the Island, including banking, investment and insurance sectors as well as a strong network of professional support services, including multi-jurisdictional law firms and global accountancy practices.