Guernsey raises profile in Moscow

Fiona Le Poidevin, deputy chief executive of Guernsey Finance led a delegation to Moscow to raise the island’s profile among investment managers, private banks, accountancy firms and law firms.

The visit came following successes attracting fund names such as VTB, Renaissance and Baring Vostok to Guernsey, which Le Poidevan said would be built on to further raise the profile of the investment centre in the Russian funds market.

“We held an initial fact-finding visit to Moscow in May last year and that helped us enormously in understanding the opportunities for Guernsey within the Russian market. It meant that we were able to have more targeted meetings and put across refined messages during this visit when we were both strengthening existing relationships and developing new contacts who are local fund specialists,”Le Poidevan said.

“The Russian market is still relatively immature which means that there is much more potential for the future, but there are already opportunities and we need to make sure that Guernsey is within the first tier of jurisdictions under consideration for this work.”

The Guernsey team comprised Le Poidevin, Carey Olsen’s Andrew Boyce, Patricia White from Legis, Jonathan Robbins of Mercator and Andrew Whittaker from Ipes.

Guernsey representatives from the offices of Butterfield Trust, Renaissance and KPMG were also in Moscow at the same time.


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