A judge has described the findings by administrators to two Guernsey-based investment firms, which form part of the Providence group, as a ‘steaming pile of guano’. At a hearing today, the administration managers from Deloitte for Providence Investment Funds PCC Limited and Providence Investment Management International Limited said their findings indicated more than £30m of […]

Simon Gaudion, Director of Enforcement at the GFSC has issued a statement today.  In it he says, on 22 August 2016 by order of the Royal Court of Guernsey, on the application of the Guernsey Financial Services Commission (the “Commission”), Providence Global Limited (“the Providence Parent Company”) is to be compulsorily wound up. Also, Philip […]