THERE is little chance that GuernseyFinance will share facilities in the Far East with its Jersey counterpart, according to its chief executive Peter Niven.
GuernseyFinance has its own office and representative in Shanghai, while JerseyFinance has one in Hong Kong.
But when asked by a stakeholder at an industry update earlier this week whether the two organisations should be sharing resources for the benefit of the Channel Islands as a whole, Mr Niven (pictured) said there was little chance of it happening, although he admitted it would be beneficial.
‘I see opportunities for GuernseyFinance and JerseyFinance to work together, particularly in new emerging markets.
‘Not so much in places like London, where to an extent they already know what the strengths of Guernsey and Jersey are, but in new markets like China it would be a good idea.
‘There would be a lot of merit in it, but there hasn’t been a great deal of enthusiasm from my colleagues across the water.
‘It may be something the politicians can help us with so that we can get a commitment from a more senior level.’
Mr Niven added it would make sense because even the two islands’ names were easily confused at times in emerging markets because they were so similar.
Plans for a full-time London representative are also on the back-burner for now.
Article posted on 6th November, 2009 - 2.30pm
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