Newly appointed chief executive of Guernsey Finance, Dominic Wheatley, has outlined a number of the jurisdiction’s plans for growth in 2015.
Wheatley stated that Guernsey Finance is looking once again to promote its Alternative Investment Fund Mangers Directive (AIFMD) offering in the EU in an attempt to show that National Private Placement is still an effective strategy.
“People get a little bit sidetracked by AIFMD and forget that the National Private Placement route is still valid and still very effective, arguably more effective in some circumstances, [than] AIFMD. That is obviously quite a key part,” said Wheatley.
Guernsey Finance has also identified the pending decisions that need to be made regarding passporting for third countries as a key area.
Wheatley commented: “We are working to contribute to the debate in Europe and lobby hard to make sure that we’re still able to trade with Europe and we will be looking to cooperate with other interested jurisdictions on that as well.”
“At this time I think the expectation is that passporting will go ahead for third countries, that is definitely what we are working towards and we’re optimistic of getting a good result.“
Guernsey Finance also plans to continue the educational side of its offing into 2015.
It is running an AIFMD masterclass at the end of January, as well as the annual funds forum later in the year.
In addition to this, Wheatley confirmed that Guernsey Finance will be attending what he called “the usual range third party events” to educate the market generally about what the Guernsey fund industry has to offer.
