The European Home Of Private Equity

Originally published in Private Equity International's Fund Administration and Technology Compendium, May 2010

During this last year the world has been picking itself up off the floor of the global financial downturn. We have seen the start of renewed confidence in the markets, but really this is just the start of a trip down what will be a very long road to recovery and at the moment I would gauge that the general economic conditions remain fragile and will remain so for some months to come.

Guernsey cannot be completely immune from these worldwide issues, although the island has to a large extent remained resilient in the face of the pressures. Perhaps the most significant fallout for us has been the increased international focus on so-called "tax havens" or "offshore" centres. But I am very pleased to say that the island is consistently recognised as being within the very top tier of international finance centres. There is still uncertainty over issues such as