This article was originally published in HNW Journal,
November-December 2007.
This time last year I was looking back over the tremendous
achievements of the Islands wealth management industry in 2006.
Given those successes and the positive start to this year, it
appeared that such growth might not be sustained throughout
2007, particularly in view of the changed global economic scene
with the sub-prime crisis and the unprecedented issues
regarding Northern Rock.
However, business flows have remained strong and I am still
hearing that there is a pipeline out there into at least the
first quarter of next year overall the market in our sphere of
operation seems buoyant. Perhaps that might be a case of famous
last words and I wonder whether looking back later at 2007 we
might believe it was a pivotal year a watershed but of course
for that we will have to wait well into 2008.
