Ogier, one of the leading offshore legal and fiduciary firms,
has announced ground-breaking plans to offer their Guernsey
services in Asia.
In May, Marcus Leese, a Partner of the Guernsey legal practice,
will transfer to the Ogier Hong Kong office in an important
strategic move for the firm.
The growing strength and development of emerging economies
notably in Asia and in particular China, is one of the drivers
behind this latest development. A considerable amount of planning
and research has gone into this move by Ogier and having canvassed
a number of clients and intermediaries in the region, significant
interest in providing Guernsey services from Asia was evident.
Mr Leese commented: "We have identified a keen interest in
clients requiring Guernsey services in Asia. Having a physical
presence there will mean we can advise clients in their own time
zone and also promote the benefits of using Guernsey on a permanent
basis in the region."
William Simpson, Managing Partner of Ogier in Guernsey, said:
"We have grown to such a size now in Guernsey that we have the
resources in place to take this innovative step. This is the first
time a Guernsey advocate will be operating in Asia which will
undoubtedly help increase awareness of what the Guernsey finance
industry can offer to a much wider audience."
Mr Leese is an advocate of the Royal Court of Guernsey and has
been practising in the Island for the past 11 years. He is also
admitted as a solicitor in New Zealand and in England and Wales.
His expertise covers private client and trusts matters, investment
funds, banking and corporate and commercial work. He has been
recognised for his expertise in these areas by The Legal 500 and
PLC Which Lawyer? legal directories and also featured in Citywealth
magazine's "Leaders List 2009" for his trusts
Peter Niven, Chief Executive of Guernsey Finance, said:
"This is extremely positive news for Guernsey. It is now more
than two years since we established our representative office in
Shanghai and during this time there has been a considerable amount
of effort dedicated to increasing awareness of the Guernsey brand
in the region. I have always said that it is going to be a long
road but we have made significant strides and this decision by
Ogier to offer Guernsey law from their office in Hong Kong
demonstrates that there is a demand to access the financial
products and services offered by the Island. Indeed, many of our
independent fiduciaries already have offices in Hong Kong and
hopefully we will see the Guernsey presence in Asia continuing to
Ogier has been a keen supporter of Guernsey Finance in recent
years, particularly on their visits to regions outside of Europe.
Marcus Leese accompanied Guernsey Finance on their Hong Kong and
China initiative in 2009, and Partner Caroline Chan, also assisted
Guernsey Finance at the STEP Asia event in Hong Kong last year.
William Simpson has travelled to Bahrain for the Middle East Funds
Forum with Guernsey Finance as well.
Marcus will be heading up a new Channel Islands practice in Hong
Kong and be joined by an Associate Lawyer from Ogier Jersey. An
Associate Director has also transferred to Hong Kong to establish a
fiduciary services operation for Ogier.
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