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Guernsey Finance has opened an office in central London which it says will facilitate the work it does promoting and connecting the island’s finance services sector to key markets.
The office is in Petty France, close to Westminster.
The decision to open an office was made following a lengthy consultation with industry stakeholders and will be used by the Guernsey Finance team to facilitate its busy schedule of meetings.
Guernsey Finance also says that its location will provide the team with a base during the UK’s General Election year, ensuring that the voice and contribution made by Guernsey to the UK economy is recognised.
“During a general election year, we are determined that Guernsey’s role in UK economy is well understood. Guernsey is a proud member of the British family, and having a presence in London provides Guernsey with substance and will help to facilitate the work we have planned for the next 12 months,” explained Rupert Pleasant, CEO of Guernsey Finance.
The new office opening follows Guernsey Finance’s recent Frontier Economics Report titled “The Value of Guernsey’s Financial Services Industry to the UK Economy.”
Guernsey Finance says the island channels £57 billion of international capital investment from around the world into the UK and also that UK fund managers generate £2 billion of fees annually from Guernsey-based funds which drives additional tax revenue for the UK of around £7 billion per annum, as well as a social value of approximately £3-4 billion every year for the UK.
The report also highlighted that UK FTSE 100 companies may collectively save almost £100 million per year by using Guernsey captive insurance structures.
Pictured top: Rupert Pleasant, CEO of Guernsey Finance.
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