Poll makes island private equity centre of choice
Friday 11th March 2011, 2:55PM GMT.
GUERNSEY is the location of choice for private equity fund administration, according to a survey of chief financial officers.
The Private Equity News and State Street chief financial officers survey found that just under two-thirds of respondents said Guernsey was their preferred destination for private equity outsourcing.
The selection of Guernsey by 61% of respondents was more than that of Jersey (15%), London (15%) and Luxembourg (7.7%) combined.
The results were an extremely strong endorsement of the island’s private equity fund administration offering, according to GuernseyFinance chief executive Peter Niven (pictured).
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Blair Peach – of course it is. Private equity funds are responsible for directly funding a multitude of businesses and helping them develop, thus directly providing jobs. What’s not to be proud of?
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