Equity Trust (Guernsey) gains licence to open funds business

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Equity Trust (Guernsey) Ltd, has been granted a licence to undertake funds business in Guernsey and ...

Equity Trust (Guernsey) Ltd, has been granted a licence to undertake funds business in Guernsey and has appointed Ian Powell to head up the new business area. The group will launch a brand new funds business, following the firm's receipt of its Investment Funds Licence from the Guernsey Financial Services Commission in September. Equity Trust is part of the largest independent trust company in the world. The Category 2 licence enables Equity Trust (Guernsey) to undertake business in controlled investment funds in Guernsey. The firm will manage the administration of closed-ended vehicles...

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