Clients from Russia and the Middle East head to Guernsey to protect their wealth, while the island is also becoming a hub for illiquid invesments

Financial services remain a key pillar of the island’s economy but the government is determined not to put all its eggs in one basket

The Grand Duchy is Europe’s leading investment funds domicile and now plans to make inroads into China and Latin America, according to promotional body Alfi

Cyprus is on the road to recovery with both its banks and economy having been restructured, but the island has a long way to go to regain its former glory as a financial services centre

Guernsey’s financial services industry retains its historic links to London but is now managing to attract clients from much further afield, while also moving up the value chain

A wave of consolidation and a focus on digital technology have breathed new life into a Spanish banking sector which was left reeling by the financial crisis

Whereas Luxembourg was once seen as a tax haven for mass affluent individuals, changes in the regulatory landscape have led the Grand Duchy to raise the bar on the type of clients it attracts

Regulations affecting money market funds and the ever increasing costs of Ucits compliance threaten Luxembourg’s pre-eminence as a funds distribution centre. But the Grand Duchy is aware of the need to adapt