Hong Kong update - Andy Robinson, July 2021

As the mission to highlight Guernsey’s specialist financial services industry across the globe continues, we hear from WE ARE GUERNSEY Hong Kong Consultant Andy Robinson, who provides an update on the recent Asia-focused private wealth roadshow.

It’s been another busy month out here in Hong Kong, I have attended many meetings across all sectors and had the opportunity to meet key individuals as a result of Guernsey Finance’s Asia Private Wealth Roadshow and other events. 

The roadshow, which featured five industry experts who spoke on various aspects of investing through Guernsey, together with one-on-one opportunities with our delegates, received positive feedback. There are some very good follow-up opportunities which I am pursuing and from which I’m pleased to say have resulted in me being able to make some new connections. 

There has also been a very good reaction to the Hong Kong-focused Guernsey Finance podcast, which saw industry professionals in Guernsey describe the tax landscape and what it’s like to live and work in Guernsey, along with a Hong Kong-based practitioner from a family office, who gave her insights on why Guernsey is an attractive place with which to do business.

My mission to highlight Guernsey’s financial services sector in Hong Kong continues to bear fruit, with guests at a couple of the meetings I attended very clearly expressing their view that Guernsey is a strong and trusted jurisdiction. 

In one poll, conducted by an Asia-wide trust company, Guernsey was voted top (with Jersey second and Singapore third). While there continues to be a perception that Guernsey is expensive, I have found this is generally countered by emphasising the quality of the industry and substance. 

I feel the new Guernsey Finance comparative jurisdiction aids, which allow viewers to see the benefits of Guernsey as a place to do business, versus other jurisdictions in a handy at-a-glance guide, will be of great benefit. You can access all of these on our literature page.  

I’m now looking forward to GF’s next event in Hong Kong, which will be a Masterclass scheduled to take place at the end of September. The subject for this is ESG and impact in funds and family offices. ESG is a topic that is really on everyone’s lips at the moment. It is great to be able to point to Guernsey as a genuine leader in this area and one where Guernsey has achieved a number of notable firsts. Further updates on this will be provided in subsequent blogs. 

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