Asia update - October 2019

09 October 2019

Here is the latest update from Asia Representatives Wendy Weng & Dorothy Kwok

Guernsey Finance Chief Executive Dominic Wheatley visited Shanghai in late September to open the annual Shanghai Masterclass, which focused on captive insurance and wealth management. Walkers Partner Kate Storey and ARM Managing Director Charles Scott both spoke at the event to promote Guernsey's offering in the captive space. ARM was the gold sponsor for the event.

81 off-island delegates attended the Masterclass. A keynote speaker from Shanghai Municipal Government was followed by two panels - the first on captive insurance and the second on Private Placement Life Insurance (PPLI), which is an arrangement for wealth management which is suitable for the Chinese market. Following the event and a networking session where delegates from the insurance and family office markets shared their client experiences, all the speakers attended a dinner.

During his visit Dominic also visited the Shanghai Municipal Government, lawyers and trust companies. Along with an Ogier representative in Shanghai, we jointly presented to asset management company Guotai Junan, providing a comparison between funds in Guernsey, the Cayman Islands and Luxembourg.

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