Guernsey Finance appoints deputy CEO

The funds industry body has promoted Kate Clouston.

Guernsey Finance, the jurisdiction’s finance promotional agency, has promoted Kate Clouston to deputy chief executive.

Clouston, who joined the organization in 2015, was the agency’s first director of international business development. She was responsible for leading business delegations and promotional activity in South-East Asia, North America and Europe.

The agency also reported last week that private equity assets on had surpassed over £100 billion ($129.2 billion; €118.5 billion) under management and administration. This included Permira’s sixth buyout fund, which raised €7.5 billion in 2016.