“Focus on the positives” – GIFA chairman

By: GIFA , Wednesday, February 14, 2018

The chairman of the Guernsey Investment Fund Association has called on the industry to focus on the positives in 2018.

Paul Smith said that while there was no let-up in ongoing international scrutiny for offshore jurisdictions, “we need to focus on the positives that we have to offer the global investment industry and continue to actively promote Guernsey as a great place to establish fund and investment businesses”.

Mr Smith said that year-on-year growth for the sector over the past two years was encouraging, but the industry needed to do more to attract more new business and new managers to the island.

GIFA would continue to play its part in developing the industry, he said. “A huge amount of work is being undertaken by the various GIFA committees on your behalf.”

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