Guernsey is once again the market leader for the number of
companies listed on the markets of the London Stock Exchange (LSE) according to
Guernsey's total listings have reached almost double that of
competitor jurisdictions Jersey, Isle of Man and Cayman (as at 31
December 2010). Guernsey's listings total 106 with nearest
competitor having 66.
These results have been announced alongside the news that
Guernsey's fund industry has reached a record high with the net
asset value of investment funds under management and administration
at £257.4bn - a growth of 5.9% in Q4 of 2010.
Ben Morgan, Corporate Partner at Carey Olsen,
said: "These results show that Guernsey continues to be the
jurisdiction of choice for promoters and organisations looking to
list vehicles on the LSE and reflect a general upsurge in the
number of funds wishing to establish a foothold in Guernsey. I am
confident that Guernsey's robust and pragmatic regulatory
regime, innovative investment structuring and our long-standing
expertise in this area have contributed to the island's
stronger growth relative to competitor jurisdictions.
"Carey Olsen's corporate and finance group in Guernsey
is also seeing an increase in fund launches across the board this
year acting for many companies wishing to list on the LSE. As a
firm we continue to act for over half of the funds domiciled in
Guernsey (Thompson Reuters Lipper Fitzrovia
2010) and across the Channel Islands we are the
number one offshore provider of legal services to AIM and LSE
listed companies and funds (Hemscott, March 2010)"
This positive outlook for Guernsey's funds industry will be
high on the agenda at the upcoming Guernsey Funds Forum which is
being held at the Grange St Paul's Hotel in London on 11 May. A
recent survey published by Private Equity News and State Street stated that more than
three-fifths (60%) of respondents said that they preferred to use
Guernsey for private equity administration, more than all
competitor jurisdictions put together.
Peter Niven, Chief Executive of Guernsey Finance, said:
"These figures are extremely positive news for Guernsey's
fund industry. In particular, the recent survey of chief financial
officers highlights our continued position as the leading
jurisdiction for private equity fund administration. We have built
a strong reputation in this asset class during the last decade and
this is yet further evidence of the value placed on our experience
and expertise, which is unrivalled among European fund
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).