Fund-Technology.com

Guernsey promote fiduciary expertise in the Far East

Posted: 22 August 2008

Guernsey delegates will be visiting Hong Kong and Shanghai in order to promote the Island's expertise in fiduciary services.

The delegation will spend a week in each centre highlighting how Chinese institutions and high net worth individuals can benefit from using trust and corporate services provided by Guernsey.

There will be a focus on recent enhancements to Guernsey's offering such as the extension to the range of products and services available as a result of the introduction of a new Trust Law in March and the streamlining of the Island's company incorporation process through the simultaneous launch of a new Company Law and new Guernsey Company Registry.

The delegation will be showcasing Guernsey as a sponsor and an exhibitor at the STEP Asia conference in Hong Kong, through a specific seminar in both locations and a series of meetings with key decision makers in the two centres. Discussions with Chinese government and regulatory officials are also planned and will be led by Guernsey's most senior politician, Chief Minister Lyndon Trott.

"Our substantial amount of activity in the region over the past year means that we have been able to build our profile, acquire contacts and identify fiduciary services as a particular area where we can win business by stepping up our efforts to highlight the strength of our offering," said Mr Niven.

"Through this delegation in October we will not only be reinforcing our relationships with government and regulatory officials but showing key fiduciary decision makers in the region how Guernsey can deliver significant benefits to Chinese institutions and high net worth individuals."

The October visit follows from a delegation in March to Shanghai where a Guernsey office staffed by permanent representative Wendy Weng was officially opened. In addition, Mr Niven visited Shanghai and Beijing in June as part of the Lord Mayor of the City of London's delegation to the region.

Mr Niven commented: "This was a very busy ten days but it was extremely useful in helping develop our presence in Beijing and further raise our growing profile in Shanghai."

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