A new fund administration business, Core Fund Services (Guernsey) Limited, has chosen Guernsey as its domicile.
The establishment of this new provider for the investment funds industry adds yet another to Guernsey's strong offering of administrators.
"I'm excited to announce that Core Fund Services (Guernsey) Limited is now open for business," said Core Fund Services (Guernsey) Limited CEO, Martin Scott.
"We are an independent, owner-managed business with a long term sustainable strategy and offer a full suite of bespoke fund administration, accounting, compliance and corporate governance services to investment funds and management entities in Guernsey."
For nearly 50 years, Guernsey has provided an alternative but complementary domicile for fund managers to domicile their funds. Today, more than £120 billion of regulated private equity funds are domiciled in Guernsey and more than 100 Guernsey companies are listed on the London Stock Exchange.
"It is great news that Guernsey has been chosen as a domicile for this new business," said Guernsey Finance Chief Executive, Rupert Pleasant.
"Despite some perceived challenges in recent weeks, this news clearly demonstrates that Guernsey remains a strong and attractive jurisdiction; A safe, secure and stable place to do business."
