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Jersey Named 'Financial Center of the Year'

by Jason Gorringe, Lowtax.net, London
12 July, 2016

Jersey was named "Financial Center of the Year" at the 16th annual Global Investor/ISF Annual Investment Excellence Awards held in London on June 30, 2016.

This is the second consecutive year Jersey's strengths as a center for fund servicing and management have been recognized. The awards recognize the achievements of fund managers, investment consultants, fund administrators, and consultants across the global investment fund landscape over the past twelve months.

This year's award reflects "Jersey's continued strong performance as a funds jurisdiction over the past year." The value of funds administered in Jersey rose in the first quarter of 2016 to GBP228.4bn (USD295.6bn), the second highest level since 2008, with private equity and real estate fund levels rising in particular. In addition, Jersey is now in the top ten centers worldwide for hedge fund management business.

Geoff Cook, the CEO of Jersey Finance, the island's financial services promotional agency, commented: "We are delighted to have received this award and it is encouraging that Jersey continues to receive recognition for the quality of its expertise, regulation, and international offering. The jurisdiction has evolved its funds services in line with investor demand and global regulatory standards, which helps position Jersey as a leading center for international funds business."

"This latest award builds on a number of successes already in 2016, which include being named 'Best International Finance Centre' at both the Citywealth IFC Awards for the fourth consecutive year and the WealthBriefing European Awards, whilst Jersey Finance's activity surrounding the 'Jersey's Value to Africa' report was recognized as the 'Overall Marketing Campaign' in Citywealth's inaugural Brand Management and Reputation Awards in June."

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