GuernseyFinance chief executive Peter Niven
GUERNSEY has been ranked 19th in the latest Global Financial Centres Index. The table is produced by the Z/Yen Group for the City of London and ranks jurisdictions based on external benchmarking data and current perceptions of competitiveness.
GuernseyFinance chief executive Peter Niven said such an impressive rating from a respected authority was a major endorsement for the island. ‘This is recognition of how our 50 years of experience in providing financial services has helped build on the island’s hallmarks of professionalism and innovation to grow an industry with a first class infrastructure and wealth of expertise.
‘Guernsey’s broad-based finance industry is firing on all cylinders. Banking deposits have reached a record high and the fiduciary services sector boasts a significant number of providers with between £200 and £300bn-worth of assets in trust.’
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One Article Comment
The survey actually refers to the Channel Islands and not specifically Guernsey.
Even then 19th out of 44 isn’t much to write home about especially when London tops the table (just) and places like Hong Kong, Singapore and Zurich at 3,4 and 5.
Just above Guernsey stand Edinburgh, Cayman Islands and Bermuda.
Perhaps, readers would care to read the full report, without the spin, for themselves.
Then the reader can judge for themselves just how competitive are the Channel Islands.