Posted: 22/01/2014Guernsey has more entities listed on the London Stock Exchange (LSE) than any other jurisdiction globally (excluding the UK), according to new figures from the market authority.
LSE data shows that at the end of December 2013 there were 115 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market (SFM).
This is significantly more than the major economic powers of the US (37), Australia and Russia (both 30), India (29), South Africa (8), Germany (6), China (4) and France (3).
It was also well ahead of competitor centres – Jersey (88), Ireland and the Isle of Man (both 51), Cayman (50), Bermuda (45) and BVI (42). These are trailed by Luxembourg (11), Singapore (6), Gibraltar (5), Hong Kong (3) and Malta (1).
Guernsey added 17 new entities to the LSE markets during last year, which is more than any other jurisdiction except the UK. Jersey added 12, Cayman 9, BVI 7, and Bermuda and Ireland each listed 3 entities.
Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island's finance industry – said: “Guernsey became home to some particularly notable LSE listings during 2013, including three major energy funds. This, together with the fact that we added more entities to the market last year than any other centre outside of the UK, shows the high regard in which our infrastructure and expertise is held by professional advisers in the City of London and beyond."