Spearpoint, which has offices in Liberation House on the Esplanade, employs 41 staff across Jersey and Guernsey managing assets of over £750 million. Chief executive John Davey is forecasting a hard year ahead, although he is optimistic about Spearpoint’s ability to take advantage of the opportunities available in the market.
‘The last year has been a complete emotional rollercoaster but it has been a chance to make a lot of money,’ he said. ‘It has been a lot of hard work, quite stressful, there have been moments of shock – for example if you had said at any time in my working career that people would start worrying about some of the biggest banks I would never have believed it.’
‘But there have also been moments of extreme exhileration, when we have bought something and it has gone up a long way. To make money when the competition is losing money gives you a personal sense of satisfaction.’
