Guernsey Law Firm Hires Internationally Acclaimed Offshore Fund Establishment Specialist
Guernsey is the top global location for offshore companies listed on the London Stock Exchange and its position as a leading funds domicile is highlighted by the recent announcement that 2010 witnessed a 39.7% rise in funds managed or administered from the island, reaching a total of £257.4 billion. The island is currently seeing a recovery of the global fund industry.
Robert, a highly successful offshore funds specialist who was previously managing partner of Walkers' Dubai office, has worked on a large number of open and closed-ended investment structures during his career, with a focus on private equity, real estate and infrastructure funds. He is noted for his pioneering work on Islamic funds, which led to him working in the Middle East for five years.
Robert Varley says: "Thanks to my new role at Babbé, I will be playing an active part in the continued growth of Guernsey’s funds industry . As a practitioner, it’s satisfying to be in an environment where the industry has over 40 years of experience, and enjoys an unsurpassed reputation for combining intelligent regulation with innovation."
Andrew Laws, managing partner of Babbé, comments: "The appointment of Robert Varley helps consolidate Babbé's position as a prominent player in the world’s top funds domicile. He is a welcome addition to our already strong team."
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