Guernsey is once again the market leader for the number of companies listed on the markets of the London Stock Exchange (LSE) according to Guernsey Finance.
Guernsey's total listings have reached almost double that of competitor jurisdictions Jersey, Isle of Man and Cayman (as at 31 December 2010). Guernsey's listings total 106 with nearest competitor having 66.
These results have been announced alongside the news that Guernsey's fund industry has reached a record high with the net asset value of investment funds under management and administration at £257.4bn - a growth of 5.9% in Q4 of 2010.
Ben Morgan, Corporate Partner at Carey Olsen, said: "These results show that Guernsey continues to be the jurisdiction of choice for promoters and organisations looking to list vehicles on the LSE and reflect a general upsurge in the number of funds wishing to establish a foothold in Guernsey. I am confident that Guernsey's robust and pragmatic regulatory regime, innovative investment structuring and our long-standing expertise in this area have contributed to the island's stronger growth relative to competitor jurisdictions.
"Carey Olsen's corporate and finance group in Guernsey is also seeing an increase in fund launches across the board this year acting for many companies wishing to list on the LSE. As a firm we continue to act for over half of the funds domiciled in Guernsey (Thompson Reuters Lipper Fitzrovia 2010) and across the Channel Islands we are the number one offshore provider of legal services to AIM and LSE listed companies and funds (Hemscott, March 2010)"
This positive outlook for Guernsey's funds industry will be high on the agenda at the upcoming Guernsey Funds Forum which is being held at the Grange St Paul's Hotel in London on 11 May. A recent survey published by Private Equity News and State Street stated that more than three-fifths (60%) of respondents said that they preferred to use Guernsey for private equity administration, more than all competitor jurisdictions put together.
Peter Niven, Chief Executive of Guernsey Finance, said: "These figures are extremely positive news for Guernsey's fund industry. In particular, the recent survey of chief financial officers highlights our continued position as the leading jurisdiction for private equity fund administration. We have built a strong reputation in this asset class during the last decade and this is yet further evidence of the value placed on our experience and expertise, which is unrivalled among European fund centres."
To review the documents further please visit:
Guernsey-London Stock Exchange Listings
Guernsey tops CFOs private equity survey
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.