Top Tier Fiduciary Offering

Originally published in Private Client Practitioner Guernsey Supplement, December 2011

Guernsey is widely recognised as one of the leading offshore jurisdictions. How well has it fared during the global economic downturn and how can it remain at the top of its game. Peter Niven of Guernsey Finance takes a look at the island's current situation and next steps.

The global financial crisis initially came to a head in 2008, yet more than three years later and we continue to see the repercussions, particularly in the eurozone but also through an ongoing worldwide economic downturn.

Guernsey has proved extremely resilient, but as a leading international finance centre, we cannot be completely immune from these worldwide issues. However, the key indicators are suggesting that the island is performing more strongly than many of our closest competitors.