A delegation of politicians, officials and business leaders from
Guernsey will visit India later this month to enhance financial
services links between the two jurisdictions.
Guernsey established a representative office in China more than
two years ago but this trip represents the Island's first
official marketing activity in India.
The team will visit Delhi and Mumbai between Tuesday 20 April
and Thursday 29 April. The itinerary being drawn up is set to
include governmental engagements, meetings with regulators,
industry associations and leading business introducers, as well as
a series of networking opportunities through specific Guernsey
The delegation will be led by Carla McNulty Bauer, Minister for
the Commerce and Employment Department within the Guernsey
"Guernsey's finance industry is continuing to perform
well but we are increasingly facing new challenges –
including stronger competition from other jurisdictions –
so it is important that we do not stand still. The Island needs to
make sure that it maintains its profile in centres such as London,
which remains our principal source of new business and also develop
links in emerging markets such as China and India," she
"These regions offer significant potential for
diversification and new business streams. Our initiative in China
has been making good progress and, after laying the foundations,
the time is now right to showcase the Guernsey brand in India. This
visit will enhance relationships with the government, regulators,
associations and individual companies, providing the Island's
firms with a smoother path for doing business in the country. The
importance of meeting key decision makers on a one-to-one business
basis, showcasing Guernsey's finance industry, cannot be
The delegation will feature representatives from Guernsey law
firms Collas Day and Ozannes, as well as State Street, Legis,
Dominion Fund Management and Richmond Fiduciary Group.
Also making the trip to India will be Rob Gray, Director of
Income Tax for Guernsey Government, Jonathan Hooley, Chairman of
the Channel Islands Stock Exchange (CISX), and Peter Niven, Chief
Executive of Guernsey Finance.
"I am delighted that we are able to take such a
high-profile and varied delegation for what is our first official
promotional trip to the country. It is very much an initial visit
to give us a clearer picture of the market, develop contacts and
promote our offering but I am confident of real progress,"
said Mr Niven.
"A significant number of Guernsey firms are already active
in the Indian market but we want to be able to make it easier for
them and others to maximise their return. Central to this is
educating the widest possible cross-section of the Indian community
about Guernsey's position as a leading international finance
centre and what we can offer businesses and individuals in terms of
financial products and services, such as investment funds, stock
exchange listings and wealth management solutions."
Guernsey Finance is organising the delegation in conjunction
with the Indian Angels Network (IAN) and the UK India Business
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