CISX Welcomes 50th Member

by Carla Johnson, Investors Offshore.com

11 September 2007

The Board of the Channel Islands Stock Exchange (CISX) has announced that the CISX has passed a new milestone with the approval of its 50th Member, KPMG Corporate Finance (C.I.) Limited.

The company joined as a Category 1 Listing Member, with effect from 24 August 2007.

CISX Chairman, Harry Taylor, CBE commented: “The Board is pleased to welcome KPMG Corporate Finance (C.I.) Limited to membership at a time of remarkable growth for the Exchange. Having such a prestigious name as KPMG, which is synonymous with professional high standards, will further add to the international appeal of the CISX.”

Tamara Menteshvili, CISX Chief Executive, stated: “The admission of our 50th Member is a significant milestone, having more than doubled the number of Members since the launch of the Exchange. We look forward to working with the KPMG Corporate Finance team in the Channel Islands to develop business opportunities and to attract further quality names to the Official List.”

“We are delighted to have been accepted as a Listing Member which we see as an endorsement of KPMG’s expertise in the funds business,” announced Rob Hutchinson, Executive Director of KPMG Corporate Finance (C.I.). He continued: “The Channel Islands Stock Exchange is an important element for the future growth of the funds business in the Channel Islands and membership allows us to continue to be part of this growth as well as providing an extension to the services we already offer our clients.”

Mr Hutchinson further revealed that that there has been a significant increase in listing work, particularly for private equity vehicles and their investments, and explained that the growth in alternative investment funds in the Channel Islands had led to KPMG staff numbers doubling in the last four years

“KPMG’s audit and tax practices are experiencing unprecedented growth and becoming a member of the CISX will complement the practices as private equity and closed ended funds continue to grow in Guernsey,” he stated. “The CISX, because of its pragmatic and cost efficient approach to listing, has gained a good reputation amongst our client base and as we are seeing more and more enquiries we are confident that this growth will continue."

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