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Jersey Redoubles Financial Services Push In Asia, Middle East

by Jason Gorringe, Lowtax.net, London
06 November, 2014

Jersey Finance – the promotional agency for the island's financial services industry – is to increase its promotional activities in Asia this autumn, with a series of events planned for Hong Kong, Kuala Lumpur, and Dubai.

The agency said the events will provide a platform for expert speakers to discuss current trends in the private client, funds, and capital markets sectors, as well as the role of international finance centers, regulation, and transparency. They will also discuss how Jersey structures are being employed in Asia.

The move builds on what has been a busy schedule of activity for Jersey Finance across the Asian markets in recent months. In October, following the appointment of Yumei Zhang as the agency's Hong Kong-based Business Development Director, and Garry Zhao as Project Manager at a new Launchpad office in Shanghai, Jersey Finance held a media roundtable meeting in Hong Kong to mark the fifth anniversary of having a presence there.

Jersey Finance also sponsored and attended a variety of high profile events, including Super Return Hong Kong in September, STEP Asia in Hong Kong in October, and the 5th International Capital Conference in Beijing in October, at which Yumei Zhang also gave a presentation to a large audience of Chinese and European business professionals.

Richard Corrigan, Deputy Chief Executive Officer at Jersey Finance, said: "Having our new team in place across the Asian markets gives us an incredibly strong platform to deliver our inaugural Jersey Finance Asia Roadshow, which will give us a fantastic opportunity to showcase Jersey's strengths, build stronger awareness of Jersey, and give us an opportunity to engage directly with our valued contacts in Hong Kong, Kuala Lumpur, Singapore, and Dubai."

"We are seeing growth in Jersey's private client, funds, and corporate sectors right across the markets in the Far East and the Gulf region, so it's important that we maintain a high level of visibility in these markets. Particularly as outbound and inbound Asian investments become more and more sophisticated, for instance, we are seeing real interest in Jersey for the listing of equity and dim sum bonds, for the structuring of offshore renminbi products, and for structuring property investments in the UK. Jersey's Islamic Finance capabilities are being drawn on increasingly by clients in the Middle East too."

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