GuernseyFinance chief executive Peter Niven dismissed the notion that Jersey would be stealing over Guernsey. (0754206)

THE number of GuernseyFinance representative offices in other jurisdictions will be three fewer than its Jersey counterpart by the early part of next year.

GuernseyFinance has one office abroad in Shanghai, while Jersey Finance has them in London and Hong Kong.

GuernseyFinance chief executive Peter Niven dismissed the notion that Jersey would be stealing a march in India, despite the fact that Guernsey’s first official marketing activity in the region had to be postponed in April because of the travel chaos caused by the volcanic ash cloud.

During last week’s Jersey States meeting, Treasury minister Senator Philip Ozouf confirmed that part of a £2.4m. injection of support for Jersey’s finance industry would include £200,000 being earmarked for new Jersey Finance offices which should be open by early next year in India and the United Arab Emirates.

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