Guernsey Finance’s has appointed Christine Gill as its new representative in London with a remit to promote awareness of Guernsey’s finance offering, educate about the island’s financial services, and connect London professionals with Guernsey practitioners.
She will be responsible for expanding Guernsey’s range of activities in the City of London and identifying opportunities for Guernsey financial services businesses. She will focus on the marketing of Guernsey as a jurisdiction for investment funds and private wealth at Guernsey Finance and third-party events and face-to-face meetings.
From London, Christine joins Guernsey Finance from Global Fund Media where she was Head of Content and Commercial Partnerships, working across the Private Equity Wire portfolio. Prior to that, she has held senior management and leadership roles in corporate development and content production for B2B fund media. She said:
I look forward to bringing my alternative fund experience, specifically private equity, to Guernsey,” she said. “I hope to add positive momentum to the funds sector in particular and will focus on generating more quality business opportunities for the island. I am looking forward to promoting Guernsey’s profile in London as specialist, stable and forward-thinking global finance centre.
Feedback received by Guernsey Finance suggests that having a permanent presence in London, an appointment first made last year, has been of real value to both the promotional agency and the island’s finance industry as a whole.
It has been a busy start to 2019 at Imperium with a number of new faces joining the team.
We have two new Business Development Advisors, Grant Twine and Julien Martel who will be using their extensive network of contacts across the globe to create new business opportunities and relationships. They will support David Gilmour’s business development work as we continue to successfully open and grow new geographic markets. Read more about Grant and Julien’s experience and background HERE.
Tom Stanley has also joined us as Assistant Manager. Tom will be responsible for looking after a number of our private clients, drawing on his 10 years’ experience in the sector. Find out more about Tom HERE.
We welcome them all to the Imperium team and looking forward to working with them as the company continues to grow.
A legislation change in Guernsey is keeping the island at the forefront of best practice with international employee benefits.
The government of Guernsey has approved a new tax exemption for international savings plans, also known as end of service gratuity schemes, where the beneficiaries are non-resident in the island and all income of the scheme is non-Guernsey source income.
The move will enable Guernsey to build on the island’s market-leading position in the regulated pensions sector. It is expected to be popular for large institutions who could set up savings plans in the island for an international workforce. A number of jurisdictions are now requiring employers to make payments to employees when their employment ends, and this kind of savings scheme has become popular.
Stephen Ainsworth, President of the Guernsey Association of Pension Providers, said:
This enables us to continue to provide international savings plans now on both a regulated and on a statutory tax-exempt basis, and shows we are at the forefront of international best practice.
International savings plans, providing benefits on leaving employment, have been provided from Guernsey for many years, but with no statutory basis of tax exemption. The tax exemption has been discretionary until now. There is no minimum age restriction as to when benefits can be taken.
Dominic Wheatley, Chief Executive of Guernsey Finance, said:
Guernsey has a long track history as an international pensions provider and I am sure that this innovation, which follows the regulation of international pensions and gratuity schemes in the island in 2017, will be widely welcomed.
For details of Imperium’s pension services click here.