London update - August 2020

26 August 2020

The latest update from London Representative Christine Gill

In a drive to promote the different types of private wealth structuring, Guernsey Finance recently added new literature about the ownership structures and benefits of Private Trust Companies and Private Trust Foundations. This awareness initiative included reaching out to the private wealth industry in London and there has a been a growing amount of interest with a view to hosting a London-based micro-event in 2021. Assuming full travel is permitted by then, this is likely to be in the form of a roundtable dinner with four Guernsey firms hosting representatives of London firms, with London Representative Christine Gill providing the introductions.

As a result of the new literature, Christine has fielded several follow-up calls with law firms and wealth managers, as well as making several introductions between London and Guernsey firms.

We hosted a virtual ILS insight webinar last month, focusing on themes including the Guernsey offers ILS market participants over the other domiciles and the island's commitment to green finance in the insurance sector. Christine has been engaging and canvassing London firms and services, receiving a positive response and a good level of interest introduction to Guernsey-based firms with more introductions in the pipeline for September.

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