Funds under management and administration in Guernsey grew by 5.7% in the third quarter to stand at £164.5bn.
This translates to an £8.9bn expansion despite the problems in capital markets over the summer, and means Guernsey now looks after 36.5% more funds than at the end of September 2006.
Peter Niven, chief executive of GuernseyFinance, said: “It is testament to the robust nature of the Island’s funds industry that as others have struggled during the ‘credit crunch’, despite a dip in our growth, as some funds held back from coming to market, we have nonetheless continued to make exemplary progress.”
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till