For more than 50 years, Guernsey has been one of the world’s best-regarded and most successful international finance centres. In this special focus, we look at how Guernsey continues to provide stability, security and substance in the wealth management arena.
IFC Media interviews Dr Ludovic C. Verbist, Managing Director and Founder of AAMIL Group.
IFC: 2022 marks the 25th anniversary of AAMIL as a leading international financial services provider. What have been the biggest achievements of AAMIL since its establishment?
LV: One thing which comes immediately to mind is that with our offices both in Port-Louis (Mauritius) and in Geneva (Switzerland), we have worked as a link between Europe and Mauritius. Back in 1997, it was a kind of missionary work to promote Mauritius as a Financial Centre; not many people were aware of it, even among professionals. We are glad to have been one of the first to promote Mauritius and contribute to its success.
Also, throughout this period, we have maintained our independence, being privately owned and therefore not subject to potential conflicts of interest.
IFC Media interviews Kigali International Financial Centre (KIFC).
IFC: September 2021 saw the addition of Kigali to the Global Financial Centres Index, which measures the competitiveness of financial centres globally. To what do you attribute Kigali’s successful performance and ranking?
KIFC: Yes, that’s correct, Kigali International Financial Centre (KIFC) recently debuted on the GFCI. We were among the top five IFCs in Sub-Saharan Africa and have been identified as one of the most promising financial centres in the coming decade. We are pleased the GFCI recognised us as a promising jurisdiction for investors to consider when domiciling investments on the continent.
The Cayman Islands’ continued commitment to a legislative and regulatory framework focused on stability, transparency and innovation is positioning the jurisdiction as an industry leader. In this special report, we consider the challenges and opportunities ahead for the jurisdiction in 2022 and beyond.
Interview with Roger Frick, Member of the Board of Trustees and Executive Committee Member, Allgemeines Treuunternehmen (ATU), Liechtenstein
IFC: It would seem that the COVID-19 pandemic has accelerated the progress of “The Great Wealth Transfer” as HNW families plan to transfer their wealth to the next generation. How has this impacted on the Family Office service offered by ATU?
RF: The Coronavirus pandemic indeed changed our lives almost overnight. Being forced to slow down by various lockdowns and restrictions has shifted our focus away from our hectic routine to very important, but sometimes neglected values and ideals. Wealthy families, for example, have started to consider questions of whether their wealth is adequately protected; and also whether the succession of their wealth from one generation to the next has been adequately prepared for and managed in order to face unstable situations such as these. That is why we have seen an increase in demand for the family office services offered by ATU.
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