Plans for Guernsey to enhance its offering for family office structures for high net worth individuals reflect the mood of the market, according to Nicholas Donnithorne, head of the trust and pensions team at Guernsey law firm Babbe.

Mr Donnithorne said that sizeable family offices have been relocating to the island in recent months. In that time, he has advised fiduciaries in connection with a £1 billion structure relocating from Monaco, placing a Delaware $2.5 million family office into a new Guernsey structure, and the conversion of a traditional £300 million trust and company structure into a family office.

Such t...