RECENT arrivals in the finance sector demonstrate just how much confidence there is in the island as a place to do business, according to GuernseyFinance chief executive Peter Niven.

In the past few months alone, global brands such as JP Morgan and BNY Mellon have both added their presence as Guernsey fund administrators, while BlueCrest Capital Management, one of Europe’s largest hedge fund managers, and stockbroker Shore Capital have moved their headquarters to the island from London.

Mr Niven (pictured) said it sent out a positive message.

‘This really is a significant endorsement and shows confidence in the island’s continued position as a leading fund domicile and in particular our experience and expertise in the alternative and more niche asset classes like private equity.’

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