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Guernsey's relationship with London "ideal backdrop" to island's first private wealth forum

10/08/2018 News Team

Guernsey’s relationship with London is “mutually beneficial and paramount”, Guernsey fiduciary professionals are saying ahead of the inaugural Guernsey Private Wealth Forum in the UK capital on Thursday 8 November 2018.

The Guernsey Finance event - hosted in conjunction with the Guernsey Association of Trustees (GAT) and STEP Guernsey - is being held in Spitalfields and Guernsey-based practitioners are said to be excited about the initiative and the chance to make further connections with the island’s principal source of new business flows.

GAT committee member and director at First Names Group (Guernsey) Alasdair McLaren, said the forum was an opportunity to remind the international market of the strength and depth of Guernsey’s fiduciary industry and strengthen relationships with the London market.

“The fiduciary industry regards London as the premier hub for international private wealth advice,” he said. “Certainly, at First Names, London is the number one source of client introductions from professional intermediaries. These intermediaries are also the first port of call for fiduciaries when looking for quality international wealth structuring advice.”

Guernsey Finance chief executive, Dominic Wheatley, said he was looking forward to an insightful forum that he was confident would be the first of many.

“Our events bring together high-quality speakers to discuss the relevant issues, and that has led to our funds and insurance forums becoming well-established in the finance events calendar,” he said. “We anticipate the private wealth forum will be no different.”

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