A Meeting of Minds: Russia and Guernsey (article from Private Equity Russia & CIS Journal №6)

CONTENTS OF THE ARTICLE 

Russia is quickly developing, particularly economically and therefore is accumulating increasing amounts of private and corporate wealth; Guernsey has, during the last 50 years, established itself as a leading international finance centre – the Island has a wide range of providers offering a diverse suite of financial products and services to clients from around the globe, including Russia and Eastern Europe more generally.

There are already a number of high net worth individuals utilising Guernsey’s experience and expertise in providing private client services to maintain and indeed, enhance their wealth through trust and company structures. In the last few years, there have been a significant number of investment companies and funds established in Guernsey (with many listed on major stock exchanges) as vehicles for investing into Russia. Many of these are private equity related, which is a specialist and growing area for the Island. Now Guernsey is looking to specifically increase the amount of private equity business touching Russia that deals with its finance industry.