GTC's parent, Collas Crill, has become the first Channel
Islands based law firm to open an office in Singapore.
Collas Crill open for business in Singapore Collas Crill opened
the doors at its new Singapore office today - making it the first
Channel Islands-based law firm to do so.
Sean Cheong, formerly a partner in
Collas Crill's Guernsey office, has relocated to Singapore to head
up the new office. She has been joined by office manager Rachel
Leong.
Ms Cheong said: "We are delighted to
have opened our doors in Singapore, Collas Crill's first new office
outside the Channel Islands. The opening is a clear indication of
our ability to respond to the demand from institutional and private
clients in Asia for Channel Islands legal services, particularly in
corporate, funds and trusts."
The firm will also offer Guernsey
fiduciary services through Guernsey Trust Company, which is
majority owned by the partners of Collas Crill. With Singapore set
to become the world's biggest wealth management jurisdiction by
2013* this is a strategic move by Collas Crill to take advantage of
significant growth in the region and Singapore's growing importance
as a global financial centre.
Collas Crill's joint managing partner
in Guernsey, Jason Romer, said: "We are breaking the mould by
choosing to open in Singapore with a Channels Islands offering
rather than, say, Hong Kong or mainland China. Singapore provides
an excellent hub from which to service the region and its
established and emerging economies."
Mr Romer said that since the firm
announced its move into the region, clients had already seen value
to them.
"Before we opened the office we had
considerable interest from institutions keen to take advantage of
our presence in Singapore. That, and the fact that so many other
businesses are looking to establish a base in Singapore, confirmed
that we made the right choice of jurisdiction."
Joint managing partner in Jersey,
Kathryn Purkis, added: "Since our merger in April we have
made rapid progress across all our service areas, but opening
our new office in Singapore is the most exciting. Clients in the
Channel Islands and Europe have welcomed our move and the reaction
from those based in Singapore has been extremely positive.
"We are the only firm licensed to
provide Jersey and Guernsey law in Singapore and our jurisdictions
are known to be very well regulated and responsive to business
needs. With the Singapore office now open we are particularly
pleased to be able to take advantage of being in two time zones and
therefore being able to provide an overnight service to our
Singaporean clients by doing their urgent work during a Channel
Islands day."