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Upcoming Guernsey Events Global Newswires Finance in the Community Industry News

Guernsey Film’s inaugural London presentation will showcase its ability to act as a one-stop shop in providing a full film finance service.

Where: The Cinema at the Charlotte Street Hotel When: Thursday 30th September 2010

Competitor News China / India Update Events GF Initiatives Third Party Events Event Calendar PR Coverage Generated Journalist Contact Forthcoming Initiatives / Articles Advertising

UPDATE: GF has changed the date of its Birmingham event, which means the revised schedule of seminars across the UK is as follows:

Manchester, Wednesday 8 September 2010 Bristol, Wednesday 22 September 2010 Birmingham, Wednesday 13 October 2010 More information about all these events is available in the Events section of this update and/or from Bahar Bidik b.bidik@guernseyfinance.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 Modest pick-up in UK financial services activity

Insurance Solvency II to boost reinsurance use, Aon Benfield

UK double-dip recession? Probability is 1 in 3, says Funds Barclays Wealth Demand for transparency / greater regulation could impact returns, according to KPMG Fiduciary STEP: Industry moving towards ‘one trusted adviser model’

European asset managers expect wave of M&A

Wealthy continue to embrace online media

Private equity returns up but still trail public markets - Preqin

UK wealth management sector becomes LESS concentrated

Assets of global investment industry rise in ’09 but still trail ‘07 peak


In this update, we look at how the Bedell Group has seen its Little Green Fingers schools project blossom. In a corner of Beechwood School’s playground in St Peter Port, a unique garden is nearing completion. It’s the vision of 10-year-old pupil Nairn Guilbert, winner of the Funky Monkey magazine and Bedell Group Little Green Fingers garden design competition.

garden visits by Blue Peter gardener Chris Collins, a bulb planting workshop at States Works greenhouses, propagation sessions with 149 children, and instruction in growing original purplecoloured carrots. www.guernseyfinance.com

Last year the Guernsey children were asked to produce a portfolio or computer presentation to showcase their gardening activities, particularly their vegetable growing. Each school was given a large propagator, seeds, compost and fertilizer. Experts from Floral Guernsey offered advice. There was a prize for every entry, and the overall winning team from St Andrew’s Primary School was Children from 21 schools in given a tour of the Mark Helyar, Managing Partner of the Bedell Group in the Bailiwick of Guernsey – Government House vegetable Guernsey, joins Vale Primary School pupils in the garden including The Link Centre garden by head gardener and The Herm School – are Garry le Poidevin. now taking part. Bedell Group meets regularly with Ann Wragg, School Co-ordinator for Floral As volunteers from Floral Guernsey and Bedell Guernsey, to discuss opportunities and visit schools Group join forces to put the finishing touches to to see their progress. ‚Having Bedell Group’s Nairn Guilbert’s dream garden, which includes a involvement in the scheme was just the colourful friendship bench and planting to springboard we needed to take this initiative encourage insects Helyar reflects on the scheme: forward. Once children experience the satisfaction ‚We are committed to providing support to our of gardening, it can become a lifelong passion.‛ local community and the Bedell Group Little Green Fingers project offers children not only a lot of fun Since its launch in 2008, other highlights of the but also a real understanding and respect for the scheme have included tree planting and school environment.‛ Run by Floral Guernsey and sponsored by Bedell Group, Little Green Fingers helps young children to experience the fun of gardening. The activities also teach them where food comes from and how to eat healthily, as well as providing opportunities for good-spirited competition between participating schools.

In addition, here is a selection from the local media of recent charity work, sponsorships and community projects of industry firms.

In the race

New gym equipment

A group of 24 female staff from Mercator Trust and a further 26 from Investec Specialist Private Bank have been raising money for cancer research by taking part in this year’s Race for Life.

Members of the Guernsey Specials Gym Club have been testing out new equipment purchased as part of an ongoing sponsorship deal with Deutsche Bank.

Garden gets a makeover

Swimarathon beneficiary revealed

Around 20 staff from HSBC Bank and HSBC Private Bank have been assisting the Guernsey Botanical Trust with the restoration of the Victorian Kitchen Garden at Saumarez Park.

The organisers of the Skipton Swimarathon have revealed that the Guernsey Society for the Physically Disabled will be the main beneficiary of the funds raised at this year’s event. 2


What’s happened this month? GENERIC

FUNDS

Tax consultation document launched

Guernsey forestry fund raises US$176m

The Policy Council has published the consultation document on the Island’s future corporate tax regime – responses are due by the end of August.

The Forest Company Ltd – administered by Heritage – will be using the capital to expand www.guernseyfinance.com the company’s environmentally and socially responsible forestry investments in Brazil.

Guernsey law firms recognised

IPES seals awards hat-trick and growth

This year’s edition of the leading legal directory Chambers Europe has acknowledged the excellence of Guernsey law firms.

The Guernsey-based private equity administrator has won its third award in six months and continues to grow its business.

Appleby wins major legal award

Guernsey US$197m distressed debt fund lists on CISX/SFM

The new Guernsey law firm has been named ‘Offshore Law Firm of the Year’ at The Lawyer awards.

Kleinwort Benson sale is completed The company has changed ownership from Commerzbank AG to RHJ International SA.

Dixcart opens new business centre The professional business services organisation is now offering serviced office accommodation to meet the growing demand for a physical presence in the Island.

INSURANCE Heritage in new underwriting link It has formed an underwriting partnership with Amlin – a leading independent insurance group represented at Lloyd’s of London.

Jersey GENERIC: Finance industry profits have halved from £1.5bn in 2008 to £809m last year. GENERIC: Jersey Finance is to receive an extra £330,000 of government support. Most will help fund activity for Hong Kong / India / Middle East.

With legal advice from Carey Olsen and administration from BNP Paribas, this Neuberger Berman fund has listed on London’s Specialist Fund Market and the CISX.

Clutch of new arrivals endorses Guernsey’s fund credentials New administrators include J.P. Morgan and BNY Mellon and Europe’s third largest hedge fund manager has moved its HQ to the Island.

Guernsey’s Raven Russia plans move to LSE main market The property investment company specialising in high quality warehousing in Russia plans moving from AIM to the main market.

Full stories are available at www.guernseyfinance.com

Isle of Man GENERIC: The Manx Treasury has announced a temporary tax amnesty for three months from 1 July. INDIA: The IoM Chamber of Commerce has signed a MoU with the Confederation of Indian Industry (CII).

QROPS: Changes are in the pipeline to allow providers to offer QROPS to non-Jersey residents.

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FUNDS: CER Offshore Investment Funds

FIDUCIARY: Offshore Investment Conference

8 June, Shanghai

9-10 June, Shanghai

On behalf of GF, Marcus Leese (Ogier) gave a case study presentation on establishing a successful offshore investment fund. This half-day conference was not as well attended as expected but still proved useful in continuing to raise awareness of the Guernsey service offering and the practicalities of establishing a fund offshore.

Marcus Leese (Ogier) and Yumei Zhang (Louvre) attended this event on behalf of GF. Competitors such as Cayman / BVI but also Labuan, Mauritius, Malta and the Cook Islands (and more) were also present highlighting their strengths. DTA networks (direct with China or third countries) were a major talking point.

FUNDS/FIDUCIARY: Delegation

18-23 October, Delhi and Mumbai This visit is resurrecting the itinerary put together for the April delegation which was cancelled due to the situation involving the volcanic ash. Deputy Carla McNulty Bauer, Minister of the Commerce and Employment Department, will lead the team.

For more information about getting involved with this trip then please contact Bahar Bidik b.bidik@guernseyfinance.com

Promoting the brand, demonstrating expertise and spreading key messages face to face

30 September, London

FIDUCIARY: Guernsey QROPS Regional Series GF has changed the date of its Birmingham event, which means the revised schedule of seminars across the UK is as follows:

Guernsey Film is hosting the event ‘Guernsey film finance – Why go anywhere else?’ at the cinema in the Charlotte Street Hotel. A presentation will be followed by drinks networking reception.

Manchester, 8 September 2010 at the Midland Hotel Bristol, 22 September 2010 at the Bristol Marriott Birmingham, 13 October 2010 at the Malmaison

To register your interest in attending and/or inviting your own contacts please contact Bahar Bidik b.bidik@guernseyfinance.com

To register your interest in attending and/or inviting your own contacts please contact Bahar Bidik b.bidik@guernseyfinance.com

GENERIC: Guernsey Film Finance

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FUNDS: AVCJ Forum: Asia’s Private Equity Week

Details of all upcoming 3rd party events are listed in the table below.

10-12 November, Hong Kong AVCJ Private Equity and Venture Forum

DISCOUNTS Discounts of up to 30% are available at all GF supported events. To take advantage of these discounts please email Nick Hyde n.hyde@guernseyfinance.com.

2-3 December, Mumbai 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 n.hyde@guernseyfinance.com.

FUNDS: GAIM

FIDUCIARY: QROPS Forum

15-17 June, Monaco

17 June, London

GF exhibited at this event with assistance from Joe Truelove (Kleinwort Benson), Stuart Platt-Ransom (Legis), Debra Wilson (HSBC), John Clacy (Deloitte) and Gavin Farrell (Mourant Ozannes).

On behalf of GF, David Piesing (Praxis) presented on QROPS & QNUPS and was joined on the stand by Jane Goodall (Bourse), Tim Crook (Mourant Ozannes) and Steve Fell (MeesPierson).

INSURANCE: AIRMIC

FIDUCIARY: Transcontinental Trusts

15-16 June, Manchester

30 June – 1 July, Geneva

Industry practitioners helping on the GF stand at this event were Derek Maddison (Marsh), Martin Le Pelley (Heritage) and Mike Johns (ARM).

Jonathan Hooley (States of Guernsey) and John Lewis (Mourant Ozannes) spoke at this event for GF. Also assisting with the exhibition were Emma Walton (Guernsey Registry) and Steve Fell (MeesPierson).

Funds Date

Insurance

Fiduciary

Banking

QROPS

Initiatives

Sector

Conference/ Exhibition

Venue

Status

QROPS

QROPS Regional Series

Manchester

confirmed

11 - 18

EXPO

Financial Week/ Lord Mayor

Shanghai

confirmed

22

QROPS

QROPS Regional Series

Bristol

confirmed

September 8

October 6

Industry

Industry Update

Guernsey

confirmed

13

QROPS

QROPS Regional Series

Birmingham

confirmed

18-23

Initiative

India

Delhi

confirmed

19 - 20

Insurance

Captive Live Europe

Luxembourg

confirmed

2 - 12

Initiative

China

9- 10

Fiduciary

STEP Asia

Shanghai/ Hong Kong Hong Kong

10 - 12

Funds

AVCJ Forum: Asia’s Private Equity Week

Hong Kong

confirmed

Funds

AVCJ Private Equity & Venture Forum

Mumbai

confirmed

November confirmed confirmed

December 2-3

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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 j.baudains@guernseyfinance.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 Finance welcomes tax consultation document – International, Mondaq & GF website

FUNDS Guernsey forestry fund raises US$176m. – GF website

Guernsey law firms recognised by leading directory – GF website

IPES seals awards hat-trick as it continues to grow – GF website

Appleby wins major legal award – GF website

Guernsey US$197m distressed debt fund lists on SFM/CISX – Mondaq & GF website

Kleinwort Benson sale is completed – GF website Dixcart opens new business centre – International, Mondaq & GF website INSURANCE Heritage in underwriting link with Lloyd’s of London firm – GF website & Mondaq

Clutch of new arrival endorses Guernsey’s fund credentials – Local, International, Mondaq & GF website Guernsey’s Raven Russia plan move to LSE main market – GF website

Full stories are available at www.guernseyfinance.com

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– Except where copyright prevents, articles can be viewed on the GF website via the articles section in the newsroom. FIDUCIARY, Taxation: The wealth management in Guernsey supplement was published in the June 2010 issue of the magazine. On behalf of GF, Alison Vine (E&Y), Mark Coffell (Trust Corp.) and Mark Watson (PwC) contributed articles. FIDUCIARY, Pensions Insight: Adrian Howe (Marlborough) provided an article on QROPS, QNUPS and EFRBS on behalf of GF.

FUNDS, HFM Week: Peter Niven provided an introductory article to the Guernsey Special Report published in June. GENERIC, Cell Company Handbook: GF provided an overview of Guernsey’s pioneering role in the development of the concept and how the structure is being used across the financial services industry.

FUNDS, Hedgeweek: Peter Niven was quoted within the editorial articles written by Simon Gray for the Guernsey Report 2010.

GENERIC: Peter Niven will be making his quarterly visit to meet journalists in London on Wednesday 4 and Thursday 5 August. An itinerary is being arranged. BANKING, The Banker: Charlie Corbett made a short visit the Island on Tuesday 8 June and GF arranged for him to meet with Peter Niven, Nik van Leuven (GFSC), Bob Moore (Butterfield), and Alan Bougourd (Skipton).

FUNDS, Hedge Funds Review: Joanne Harris visited the Island Monday 5 – Wednesday 7 June. GF arranged for her to meet with Mark Bousfield (Cenkos), Rupert Dorey (NED), John Clacy (Deloitte), Anne Ewing (Dextra), Joe Truelove (Kleinwort Benson), Ben Morgan (Carey Olsen), Roger Le Tissier (Ogier), Gavin Farrell (Mourant Ozannes), Peter Moffatt (GFSC), Stephen Cuddihee & Chris Gambrell (Praxis), Martin Tolcher (Legis), Mike Bain (E&Y), Tamara Mentshvili (CISX).

Raising awareness and reinforcing perceptions of the brand FIDUCIARY, Taxation: GF sponsored the magazine’s special supplement on wealth management in Guernsey.

FUNDS, HFM Week: GF advertised ‘G is for funds’ in the Guernsey Special Report 2010 published in June.

FIDUCIARY, Pensions Insight: GF advertised ‘G is for QROPS’ alongside a sponsored article in the July 2010 issue of the magazine.

GENERIC, Cell Company Handbook: GF advertised in the 2010 edition, published in June by Pageant Media.

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GF_Update_July  

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