Bringing you live news and features since 2006 

Nerine Group is first Channel Islands’ trust company to open full office in India

RELATED TOPICS​

Nerine Group has become the first Channel Islands independent trust company to open an office in India with the launch of Nerine Advisory Services in Delhi.

It is a major step forward for the Guernsey-founded business and cements its plans to continue to expand in Asia. It is also a significant move for Guernsey as a jurisdiction, flying the flag in one of the world’s fastest growing economies.

India’s economy is expected to expand by 8.5% this year, according to Morgan Stanley, and its growth rate could overtake China’s by 2013 if not before. Some economists think India will grow faster than any other large country over the next 25 years.

Nerine, with offices in British Virgin Islands, Geneva and Hong Kong as well as Guernsey, has been involved with advising on Indian inward and outward investment over the past five years and has a proven track record in the region.
Group executive chairman, Keith Corbin (pictured), says the opening of the Delhi office was a natural progression for Nerine.

“Our group strategy is always to provide sterling service for the needs of our high net worth private clients and families and this ethos marries well with the Indian market as we have already experienced,” he says. “Nerine sees its “family office” approach to private client wealth management planning as ideally suited to India where the family unit is extremely important in modern Indian society and where family succession planning is essential.”

Nerine’s Delhi office will be managed in Delhi by resident director, Pranav Khanna, a chartered accountant who completed his accountancy training in the UK and worked in London for a number of years. Khanna’s father was only the second ever Indian chartered accountant to be trained in the UK. Khanna will work closely with Nerine Hong Kong’s managing director Matthew Corbin.

“Nerine’s Hong Kong office has a wealth of experience of working in China and India will follow China’s growth trajectory. Despite some stark cultural differences with China, there are many similarities to India in terms of its markets and financial policies and Nerine is well placed to demonstrate its knowledge and experience across Asia,” Corbin says.

Corbin says India’s legal and commercial infrastructure is common law based which is compatible with the existing Nerine international network.

“It increases the attraction and ease of doing business in India,” he says. “India’s business focus will be on assisting clients with their planning for inward investment into India, helping Indian clients with international business interests as well as developing succession planning arrangements for domestic Indian assets.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by