Providing Services To Institutional And Private Clients

Jim Gilligan is the Managing Director of Carey Commercial Limited and Carey Trustees Limited, which provide services to institutional and private clients. Jim is based at the Guernsey headquarters and the IFC Economic Report spoke to him about the business in the Channel Islands and the impact of regulatory changes locally and globally on the financial services sector there.

How is business?

Jim Gilligan: Business is good thank you. We have been seeing an increase in new business levels across our corporate, fund admin and private client teams over the last year or so but also a great deal more activity from within our existing client base, which has generated a lot of extra work. This has led us to hire around 10 more staff in the last year and now the total number of staff in those teams (and support areas) is approximately 50.