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Jersey Finance Appoints India, GCC Representatives

by Jason Gorringe, Lowtax.net, London
03 December, 2014

Jersey Finance is to bolster its business development efforts in the Middle East and India by adding two senior business development staff, who will be based in the United Arab Emirates (UAE).

Charlie Barlow and Gary Hales will focus their efforts on attracting new businesses for Jersey from India and the Gulf Cooperation Council states – Bahrain, Kuwait, Qatar, Saudi Arabia, and the UAE.

Richard Corrigan, Deputy Chief Executive Officer of Jersey Finance, the island's promotional agency on behalf of the financial services industry, said: "I am delighted to announce our bolstered presence in the Middle East and India. Adding resources in this area is a move in line with the recommendations of Jersey's Strategic Jurisdictional Review, published last year, and is evidence of how seriously Jersey is taking building lasting relationships in these key markets. Our expanded team means that we are now in a position, not just to strengthen existing ties, but also to explore additional opportunities in new markets, such as Saudi Arabia."

"Thanks to the strength of its legal framework, its compliance with international standards, and its range of specialist wealth management vehicles, including Islamic finance structures, Jersey is held in extremely high regard right across the GCC and India. We continue to see strong interest in high-value wealth management services from the region, particularly high-value family wealth and dynastic planning, and it is imperative that we continue to drive jurisdictional awareness right across the region."

The move follows recent efforts to strengthen diplomatic ties between Jersey and the Gulf region. Jersey hosted a delegation of ambassadors from the Arab Ambassadors' Council in June and the Jersey Financial Services Commission signed a memorandum of understanding with the Emirates Securities and Commodities Authority.

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