Guernsey hosted its first finance event in Singapore this month.
The event, which considered Guernsey’s expertise in both the investment fund and private wealth sectors, featured presentations from offshore lawyers and finance professionals as was part of the Guernsey Finance’s increased focus on Asia.
Russell Clark who heads up the trusts and fiduciary department at Carey Olsen in Guernsey, spoke about the island’s fiduciary expertise. He highlighted the importance of experience, knowledge of international practices and the good judgement of a private client adviser in every case.
Kate Clouston, Director of International Business Development at Guernsey Finance, who delivered the introduction at the Singapore event, said the case studies that were considered were powerful endorsements of the island’s reputation and professionalism.
Of particular interest was the case study which examined what happens when a trust does not have sufficient assets to cover liabilities, as well as the contentious removal of a trustee. To have someone recognised as one of the world’s top trust and estates legal practitioners explaining this was particularly appreciated by the audience and demonstrated the expertise and knowledge available in Guernsey’s finance industry.