Russia And Guernsey – The Perfect Fit

Originally published in Corporate INTL, October 2011

Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island's finance industry, explores how Guernsey is ideally suited to providing financial products and services for a rapidly developing Russia.

Russia straddles Europe and Asia, is the largest country in the world by area and has a population of more than 140 million. By contrast, Guernsey is an island between the United Kingdom and France, 65 square kilometres in size and with just 62,000 inhabitants.

So, what is the connection?

Russia is quickly developing, particularly economically and therefore is accumulating increasing amounts of private and corporate wealth; Guernsey has, during the last 50 years, established itself as a leading international finance centre – the Island has a wide range of providers offering a diverse suite of financial products and services to clients from around the globe, including