The future should be bright
Thursday 29th August 2013, 10:00AM BST.
Guernsey is well placed to thrive, says the man who has spent the last six years working for the States in developing financial services. James Falla spoke to Jarrod Cowley-Grimmond, who is heading back to his native Australia with the plaudits of the finance industry ringing in his ears…
THE civil servant who had responsibility for the development of financial services in the island says its future should be bright.
Jarrod Cowley-Grimmond, pictured, left the Commerce and Employment Department and the States financial services development unit last week to start a return to his home city of Brisbane over the next couple of weeks.
One of his final jobs has been working on the development of a financial services strategy which will form part of the States’ wider economic strategy.
The report, which has been drawn up with invited industry involvement, has gone through a number of iterations, said Mr Cowley-Grimmond, and is on target for publication at the end of the year.
‘It is effectively putting in a single coherent document a lot of things that Guernsey has always done – come up with niche products, develop them, come up with the correct regulatory approach and market it well,’ he said.
‘There are no magic bullets out there. You can get first mover advantage in certain situations but that won’t last you long unless you can compete on service standards and skills.’
- Read James Falla’s full interview with Mr Cowley-Grimmond in the Business Extra section of today’s Guernsey Press.