A breakfast summit this week has looked at the challenges facing Guernsey’s investment fund industry.
Hosted by GIFA, the annual update on Thursday 18 January also explored the opportunities being pursued by island firms.
GIFA said although Guernsey is frequently said to "punch above its weight on the global stage" local businesses need to focus on flexibility, proactivity, innovation and resilience to achieve its overall aims which include bringing work to the island to provide employment and to generate key tax revenue.
The group invited business leaders, senior managers, politicians and anybody else interested in "the bigger picture" to attend the breakfast summit where delegates looked at the "challenges facing Guernsey’s investment fund industry and the opportunities being pursued".
Topics discussed yesterday included taxation, substance, fund Distribution, regulatory backdrop and government environment.
Pictured above: Paul Smith, the Chairman of the Executive Committee of GIFA
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