A delegation from Guernsey has been raising the profile of the
Island's finance industry in Singapore.
The delegation was led by Carla McNulty Bauer, Minister for the
Commerce and Employment Department within the Guernsey
The team accompanying her included Jarrod Cowley-Grimmond,
Director of the Finance Sector Development Unit of the Guernsey
Government, Alan Bougourd, Registrar at the Guernsey Registry, Peter Niven, Chief Executive
of Guernsey Finance – the promotional agency for the
Island's finance industry, as well as his deputy, Fiona Le
Mr Niven said: "We are very pleased with the visit to
Singapore. During the last few years we have been very successful
in raising the profile of Guernsey in the region generally but this
was a very good chance to specifically target the financial
services industry in Singapore. It is becoming an increasingly
important centre of private and corporate wealth and as such, there
are significant opportunities for Guernsey to provide complementary
products and services.
"It was excellent that we were able to combine attendance
at the STEP Asia conference with a series of meetings with key
individuals from the Singapore infrastructure. In particular, we
want to build on the fact that earlier this year we received
approval for Guernsey companies to list on the Hong Kong Stock
Exchange by seeing if something similar can be achieved in
"Our team for the STEP Asia conference was swelled by a
significant number of Guernsey practitioners so that in total there
was around two dozen representatives of the Island's fiduciary
sector at the event. The conference provided the platform for us to
meet with a large number of the region's intermediaries, such
as lawyers and accountants, who are likely to be influential in
decision making process for introducing business to particular
"During our time in Singapore we were very well received,
there have been some very positive responses to our messages and
there is much follow up work to put through the pipeline. We always
said that attracting business from the Far East would be a long
term vision but the fact that increasing numbers of local firms are
now establishing offices in centres such as Singapore or making
visits to the region means that Guernsey is becoming increasingly
recognised particularly as a centre of excellence for private
wealth management and corporate investment work."
The delegation visited Singapore between Monday 31st
October and Friday 4th November before moving on to Hong
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