Rising To The Challenge

Originally published in the HFM Week, Guernsey Report, June 2008

European connections, a competitive edge and globalisation all mean Guernsey is more than prepared for the challenges ahead, says Joe Truelove of Kleinwort Benson

The turn of the year marked an important anniversary in Kleinwort Benson's Guernsey residence. It has been 45 years since the company established itself on the island; first as a bank and then as a prominent name in fund administration and fund custody.

Through the decades, business has grown from roots dealing primarily with large blue-chip fund managers, such as M&G and Prudential, to overseeing administration for London-listed fund of hedge funds and, increasingly, unlisted hedge funds, private equity funds, property funds and infrastructure funds.