Relocate Show 2024

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Relocating Your
Finances?
You Can Bank On Us!
I know what you’re thinking. The very
idea of having to move your main
banking or the spectre of having to
complete a set of new bank account
application forms probably leaves you in
a cold sweat doesn’t it.
Well, over the past few years, I’ve had
the privilege of helping a number of
relocators set up new banking here in
Guernsey, and much more besides. I’m
fortunate to work for an organisation
that keeps the client experience at
the heart of all that it does, be that
ensuring easy access to the right people,
building financial solutions specific to a
relocator’s needs or going the extra mile.
Relocating to a new island can be an
exciting yet challenging experience and
the wonderful team at Locate Guernsey
provide the perfect starting point for
that. One of the component parts is
access to reliable financial services
that can help you navigate the local
landscape. Here at Investec, a leading
private bank based in the Channel
Islands, we offer a full range of banking,
cash management, custody and dealing
services, foreign exchange and lending
Gordon Irish, Senior Private
Banker for Investec Bank (Channel
Islands) Limited, explains Investec’s
comprehensive services for
new-to-island relocators.
services tailored to assist new island
relocators. Here, I’ll summarise a few
of the key factors that I know from
experience benefit those facing a new
life in the island:
1. Pre-Relocation Account Opening:
At Investec, we understand the
importance of a seamless transition
when relocating. To ensure a
smooth start, Investec offers the
convenience of opening accounts for
relocators before they even arrive.
This proactive approach allows
individuals to have their financial
affairs in order from the outset,
eliminating unnecessary stress at
the time of any physical move and
providing peace of mind.
2. Blended Security for Property
Purchases: As major lenders,
Investec understands the local
market inside out and recognises
that purchasing property in
Guernsey may require financial
support. As such, we look to fully
understand our clients’ holistic
circumstances and often blend
security over property assets both
here and in the UK to maximise
borrowing, simplify the process
and enable the purchase of that
dream home.
3. Personalised Account Application
Process: Investec takes pride in
providing a high level of personal
service to relocators. From the first
meeting and information gathering
stage, our dedicated team works
closely with individuals, ensuring
a thorough understanding of
their financial needs and goals.
Throughout the account application
process, we offer hand-holding
support, guiding individuals through
each step and addressing any
queries or concerns that may arise.
This personalised approach ensures
a smooth and efficient onboarding
experience.
4. The Value Add beyond Banking:
Relocating to a new island involves
more than just setting up new
banking services of course. To
facilitate a smooth transition,
Investec collaborates with other
key industry professionals, such as
real estate agents, lawyers, and tax
advisors to help offer our relocators
a fully connected experience. We
also leverage our extensive network
to help introduce new relocators
to existing clients and other key
contacts of ours, often through a
variety of events. We enjoy thinking
outside of the box to make those
early days of relocation as smooth
as possible.
Over the years, I’ve met many relocators
who have really appreciated this
connected approach and the fact that we
always look to go beyond the traditional
banking offering. With all of the above
factors in mind and the ability for our
clients to always speak to someone
directly who knows them, Investec
aims to provide a comprehensive and
seamless experience for individuals
transitioning to Guernsey and, indeed,
the Channel Islands as a whole.
We look forward to supporting and
delighting many more relocators to
Guernsey in the future and we’re so
pleased to be the dedicated refreshments
sponsor once again for this special
event. So, if you find yourselves on that
same journey, don’t hesitate to seek us
out during the showcase while grabbing
a cuppa or beyond. We’ll be right there to
help. That’s something you can bank on.
This article was prepared by Investec
Bank (Channel Islands) Limited
Investec Bank (Channel Islands) Limited is a wholly owned subsidiary of Investec Bank plc. This document
is distributed by Investec Bank (Channel Islands) Limited which is licensed in Guernsey by the Guernsey
Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law, 2020, the
Protection of Investors (Bailiwick of Guernsey) Law, 2020, and the Lending, Credit and Finance (Bailiwick
of Guernsey) Law, 2022, to carry on banking and investment business and the provision of credit in
respect of Consumer Credit and Home Finance. Registered Address: Glategny Court, Glategny Esplanade,
St Peter Port, Guernsey, GY1 1WR. Registered Number: 5845.
Investec Bank (Channel Islands) Limited is a participant in the Guernsey Banking Deposit Compensation
Scheme. This Scheme offers protection for “qualifying deposits/eligible deposits” up to £50,000, subject
to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any
5-year period. Full details are available on request or alternatively on the Guernsey Scheme’s website
www.dcs.gg which will also highlight the banking groups covered. No deposit placed with Investec Bank
(Channel Islands) Limited has protection from the Financial Services Compensation Scheme under the
Financial Services & Markets Act 2000 of the UK. Terms and Conditions apply and are available on request
and on our website.
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