Please circulate widely
Wednesday 6th October, 4pm, OGH Hotel. GF Industry Update Global Newswires Finance in the Community Industry News Competitor News China / India Update Events GF Initiatives Third Party Events Event Calendar PR Coverage Generated Journalist Contact Forthcoming Initiatives / Articles Advertising
As in previous years we’ll be hosting our annual Update, which is both retrospective and a look forward to 2011. It’s a great opportunity to gain more insight into the work we do as well as let us know how we can do more to help promote your business. The Update will broadly cover: 3rd party conferences & GF events Media coverage & journalists visits Jurisdictional development GF strategy & operational plans for 2011 To confirm your attendance please contact Jen Baudains on 720071 or email email@example.com.
Catch up with the latest news, reports and views from across the global financial services industry – click on the links below to be taken to these stories. Generic
Offshore under continued pressure, McKinsey
Private Equity outlook improves, Rothstein Kass
Don’t get blindsided by geopolitical risks, UBS
Investor confidence rises, according to State Street
Fiduciary Tax changes to lower investment trusts costs, AIC Most rich men are too romantic for a ‚pre-nup‛ Trusts are not just for the wealthy, Adams & Remers LLP Entrepreneurs have positive outlook, according to Standard Chartered
Asset Managers questions UK’s role as a centre of investment Inflation is a top concern for hedge fund and PE managers European private equity market gains momentum
A selection from the local media of the charity work, sponsorships and community projects of industry firms.
RNLI gets a boost from local bank Deutsche Bank’s Fiduciary Services division donated £1,000 to the Guernsey RNLI. The charity applied for a grant through the bank’s community award scheme, part of their global CSR programme.
RBC runners raise £1,000 in race for life A team of over 20 staff from RBC Wealth Management collected more than £1,000 in sponsorship by participating in the annual Race for Life. This year’s nominated charity is Cancer Research UK.
Local company supports Home-Start charity Du Putron Fund Management covered the set up costs of the Big Tea party fund raiser, held at Les
Cotils last month. Funds raised go to Home-Start, which supports local families with difficulties.
HSBC support recycling initiative HSBC provided a £15,000 jackpot as an incentive to the local school that recycled the most squash cartons. This forms part of a States Public Services www.guernseyfinance.com Department initiative to encourage schools to recycle more.
Law firm donating old branded gear to Haiti Following a recent merger and rebranding, Mourant Ozannes, are donating the two law firms surplus items such as t-shirts, umbrellas and sports bags to those affected in Haiti by January’s devastating earthquake.
What’s happened this month?
Guernsey plans timing for move to automatic exchange of information
Ogier advises EQT V Fund
The States plans to give financial institutions a window from 1st January to 1st July 2011 for moving to automatic exchange of information.
UK debate shows ‘growing understanding’ of small IFCs Last month’s ‚discussion‛ on Offshore Financial Centres by UK MPs was positive, including an acknowledgment of the net financing Guernsey makes to UK banks.
Lord Mayor of London endorses Guernsey The City’s Lord Mayor, who met with island politicians last month, confirmed Guernsey as an ‚integral component‛ of London’s financial operation.
Ogier has recently advised the EQT V Fund on the financing of two substantial acquisitions: AcadeMedia AB and XXL Sport & Villmark.
Guernsey-based Asian property fund moves to the main market Carey Olsen acted as lawyers for Macau Property Opportunities Fund Ltd., on its move from AIM to the London Stock Exchange.
FUNDS / ASSET MANAGEMENT CISX Summit widens its appeal To be staged for the first time in Jersey on 10 September, the summit features high profile ‘City’ journalist, Anthony Hilton, as moderator.
Guernsey signs tax agreement with Portugal
Management of award-winning fund transferred to Guernsey
Guernsey signed a TIEA with Portugal in July, bringing the total of such tax agreements up to 16.
The management of the Prifund Bond Fund has been awarded to LCF Edmund de Rothschild Asset Management in Guernsey.
Full stories are available at www.guernseyfinance.com 2
Jersey GENERIC: Jersey Finance and King & Wood law firm of Shanghai have launched a secondment programme that will allow Jersey lawyers to gain experience in the Chinese market. GENERIC: Second quarter results from the States of Jersey statistical unit show that compared to
FIDUCIARY / FUNDS : Industry Visits Representatives from two Guernsey companies will be visiting China in September: Richmond Fiduciary Group: 7-18 September State Street:12-18 September GENERIC: Lord Mayor Visit
12-18 September, Beijing / Shanghai Peter Niven is going to join the Lord Mayors visit to China in September and will meet with regulators, officials and business professionals in both Beijing and Shanghai.
the first quarter of the year, the finance industry saw an 18% increase in activity. GENERIC: Jersey won the top offshore finance www.guernseyfinance.com centre award at the tenth Global Investor magazine awards in London last month.
GENERIC: GF Autumn Delegation
2-12 November GF has started work on the programme for its delegation to China this autumn. BANKING / FIDUCIARY: Event Information 4TH Annual China Bankers Forum 2010
17 September, Shanghai This forum which will explore the future of the global banking industry from the perspective of government officials, renowned economists and bankers. For more information please visit www.ceibs.edu/bankersforum.
18-23 October, Delhi and Mumbai Planning is well advanced for this autumnâ€™s delegation visit to India. Firms participating include Mourant Ozannes, Legis Group, State Street, Dominion Group and Kleinwort Benson. For more information about getting involved with this trip please contact Bahar Bidik firstname.lastname@example.org
Promoting the brand, demonstrating expertise and spreading key messages face to face
GENERIC: Guernsey Film
30 September, London Guernsey Film is hosting an event that will give attendees an insight into how Guernsey offers ‘a one stop shop’ for financial aspects involved in film making. A presentation will be followed by a drinks networking reception. To register your interest in attending and/or inviting your own contacts please contact Bahar Bidik email@example.com
FUNDS: SuperReturn Middle East
17-20 October, Abu Dhabi AVCJ Forum: Asia’s Private Equity Week
10-12 November, Hong Kong AVCJ Private Equity and Venture Forum
2-3 December, Mumbai INSURANCE: European Captive Forum
19-20 October, Luxembourg
FIDUCIARY: Guernsey QROPS Regional Series
Manchester, 8 September 2010 at the Midland Hotel Bristol, 22 September 2010 at the Bristol Marriott Birmingham, 13 October 2010 at the Malmaison If you have any UK contacts you wish to invite please contact Bahar Bidik firstname.lastname@example.org
GF has confirmed participation at these events. Passes are available for those wanting to attend by helping on the GF stand. To register your interest, contact Nick Hyde email@example.com. Details of all upcoming 3rd party events are listed in the table below. DISCOUNTS Discounts of up to 30% are available at all GF supported events. To take advantage of these discounts please email Nick Hyde firstname.lastname@example.org
If you are holding a local event that you would like us to help promote, please forward the information to email@example.com. Dependency or Sovereignty: Time to take stock
17 September 2010, Jersey This conference, organised by the Jersey and Guernsey Law Review brings some of the world’s leading figures together to debate the
future constitutional position of the Channel Islands. For further information please telephone Carl Methven on 01534 615886 or email firstname.lastname@example.org. 4
QROPS Regional Series
11 - 18
Financial Week/ Lord Mayor
QROPS Regional Series
QROPS Regional Series
SuperReturn Middle East
19 - 20
Captive Live Europe
2 - 12
Shanghai/ Hong Kong Hong Kong
10 - 12
AVCJ Forum: Asia’s Private Equity Week
AVCJ Private Equity & Venture Forum
November confirmed confirmed
Allocations Passes are allocated on a first come, first served basis although discretion is used to ensure equal opportunities for all firms. Where possible, GF aims to have a team at each conference that includes practitioners from the different disciplines within each sector, e.g. fund administrator/custodian, lawyer and accountant. To confirm your participation there will be a 30% charge for delegate passes – costs vary from conference to conference. Jurisdiction Initiatives Please let us know if you would like to participate in the jurisdiction initiatives. Lead times for planning start from 3 to 6 months. Such visits usually cover more than one specific sector because we combine attendance at a third-party conference with extra activities such as presentations, masterclasses and seminars. Save on your own activity and pass on your savings to your clients If you are attending any of the listed events independently, don’t forget that as part of GF’s agreement we can secure discounts on additional delegate pass purchases. To claim your discount and further details, please email email@example.com. You can also pass this discount on to your clients and contacts so that they can benefit from this saving too!
Spreading our news and key messages through targeted finance publications
– Except for solely locally orientated stories, releases can be viewed on the GF website via the newsroom on the home page
GENERIC Guernsey delegations to visit India / China – Local, International, Mondaq & GF website Guernsey plans timing for move to automatic exchange of information – International, Mondaq & GF website UK debate shows ‘growing understanding’ of small IFCs – Local, International, Mondaq & GF website Lord Mayor of London endorses Guernsey – International, Mondaq & GF website Lord Mayor of London to visit Guernsey – International, GF website Guernsey signs tax agreement with Portugal – International, Mondaq & GF website
FUNDS Ogier advises EQT V Fund on financing of new acquisitions – GF website Guernsey-based Asian property fund moves to the main market – GF website Guernsey trio named as leading funds lawyers – GF website FUNDS / ASSET MANAGEMENT CISX International Business Summit widens its appeal – GF website ASSET MANAGEMENT Management of award-winning fund transferred to Guernsey – GF website
Full stories are available at www.guernseyfinance.com
FIDUCIARY Guernsey launches QROPS seminar series for the UK – Local, International, Mondaq & GF website
– Except where copyright prevents, articles can be viewed on the GF website via the articles section in the newsroom. FUNDS / FIDUCIARY, China Offshore Finance Guide: GF has been coordinating Guernsey participation in this Chinese publication, which will include an overview article from Peter Niven and articles on investment funds from Sean Cheong (Collas Day), wealth management by Brian Acton (Butterfield) and companies by Marcus Leese (Ogier).
FUNDS, Corporate INT, Peter Niven has contributed towards an article on Guernsey’s future as an investment funds centre.
FUNDS, Hedge Fund Journal: Peter Niven has written a 1,250 word article to appear in the September issue.
GENERIC, Financial Services Centres Yearbook 2011, Peter Niven has written a 2,000 word article to act as the introduction to this financial yearbook from Clearview Publishing.
GENERIC, Campden FB: GF has provided a 750 word overview on the benefits of individuals and / or companies relocating to Guernsey. This will be published in the next issue.
GENERIC: The Expat Money Channel. Hannah Beecham made a visit to the Island in July and GF arranged for her to meet with Peter Niven, Alan Bougourd (Skipton), James Blower (Clydesdale) and Rex Cowley (Close).
Adviser, IFA Online, ICFA, Campden Family Business, Private Client Practitioner, The Wealthnet, STEP Journal, Pensions Week, Financial Times and Citywealth.
GENERIC: On 4th and 5th August Peter Niven went to London and visited trade media journalists from Bloomberg, Investment Week, Professional
Raising awareness and reinforcing perceptions of the brand
FUNDS / FIDUCIARY, The China Offshore Finance Guide: GF will place a double sided advert as a ‚jurisdiction divider‛ in this finance guide.