Michael Betley, left, and Gavin St Pier were on the panel at The Future of Trusts – Guernsey conference. (Picture by Peter Frankland, 1092695)

GUERNSEY’S regulatory regime can be used to advantage when trying to attract business to the island, a trust seminar audience has heard.

Leading figures in the island’s trust sector, who were panellists at The Future of Trusts – Guernsey conference, said that while regulation generally was becoming increasingly onerous, the upside was that because Guernsey’s own regulatory regime was so well respected a lot of trust business wanted to be based in the island.

It also meant the island was generally going to be attracting a higher calibre of client, according to Legis Corporate Services managing director Alison Parry, one of the speakers.

‘It comes down to the standard of client we are looking for in the island. If we use it as a selling point when we are out there talking to clients, then we can use it to our advantage.’

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