Things To Shout About

Originally published in Contact, July 2009

The impact of the global economic downturn has grabbed headlines and, according to much of the media, caused investors the world over to tighten their purse strings, however, Ozannes' Partner Andrew Walters believes Guernsey has a number of things to shout about.

It would appear that Guernsey is weathering the current storm reasonably well and most local financial services providers seem to have their plates full as a result of promoters seizing the opportunity to consolidate and restructure their existing product ranges.

Nonetheless, most service providers will admit to having seen a downturn in the number of new funds being established and enquiry-to-completion conversion rates are undoubtedly lower than those achieved in previous years. Deals are fewer and farther between and Guernsey therefore has to put clear blue water between itself and the competition in order to maintain and grow its market share. Fortunately,