Guernsey Finance announces US delegation
Guernsey Finance, the promotional agency for the island’s finance industry, will be sending a delegation to New York and Boston in the first week of June, led by chief executive Peter Niven (pictured). This will be the first visit to the US by the body since the onset of the financial crisis.
The delegation will promote Guernsey’s experience in catering for the private equity funds business, and selling the jurisdiction as a major centre for investment funds business.
Niven will be joined in New York by Gavin Farrell, from law firm Mourant Ozannes and Tony Mancini from KPMG, for a series of meetings with US private equity managers and advisers, such as lawyers and accountants. They will then head to Boston where they will be joined by Neale Jehan, also from KPMG, and Ray Page and Julian Carey, both from International Administration Group (IAG), where they will hold a further series of meetings and also exhibit at the specialist private equity conference, SuperReturn USA.
Niven said: “During the last decade Guernsey has built a strong reputation as a leading jurisdiction for domiciling and servicing private equity funds. In that time we have seen a significant number of the major UK and European private equity houses choosing to use Guernsey and, indeed, some of those have established their own operations in the Island.
“Several US private equity managers have also chosen Guernsey and we are now seeing renewed interest from across the Atlantic in what we can offer as a gateway to the European capital markets. We are looking to capitalise on this interest by taking a team of local practitioners to meet with private equity managers and their advisers in both New York and Boston. In responding to this interest, I suspect that this will be the first in a series of visits to the US cities which are renowned private equity hubs.”