Jersey Finance is a not-for-profit organisation formed in 2001 to represent and promote the Island of Jersey’s International Finance Centre. Funded by local financial services firms and the Government of Jersey, Jersey Finance has a presence in Jersey, Dubai, Hong Kong SAR, Johannesburg, London, New York, Shanghai and Singapore.
For the second consecutive year, Jersey has been named ‘Best Fund Administration Centre’ in the awards of leading investment management publication, Investment Week.
For the second consecutive year, Jersey has been
named 'Best Fund Administration Centre' in the awards of
leading investment management publication, Investment Week.
Jersey, which was once again shortlisted alongside Luxembourg
and Dublin, was announced the winner at a dinner ceremony in London
on 23rd September, following Investment Week's two-day Fund
Management Summit.
The awards are designed to recognise those service providers and
jurisdictions who can demonstrate the knowledge, drive and
expertise to provide solutions for the fund management industry in
a seamless, efficient and innovative way. Winners were selected
through a combination of online voting and by a panel of
independent judges.
Commenting on Jersey winning the award, Deborah Benn, chair of
the judging panel, said:
"The judges felt the passion and commitment to fund
services clearly shone through in Jersey's submission. In
particular, the judges felt that Jersey demonstrated leadership in
its aims to become a key jurisdiction for alternative investment
funds. Messages and intentions on industry issues need to be
transparent and explicit, which Jersey does extremely
well."
Geoff Cook, CEO, Jersey Finance Limited, said:
"For Jersey's fund
administration services to be recognised not only by a leading and
long established investment publication like Investment Week but
also against some heavyweight EU competition for the second year in
a row is naturally extremely welcome for our funds industry, which
continues to perform strongly. The market has reacted well to
Jersey's approach to international regulation, whilst fund
creation volumes and net asset values are growing. This, backed up
by this latest accolade, which was awarded at a ceremony attended
by London's leading investment professionals including many of
the UK's major fund service providers, is extremely encouraging
for our funds industry."
Ben Robins, Chairman of the Jersey Funds Association, added:
"At a time when unprecedented
regulatory change is causing fund promoters to re-assess fund
domiciles, this award serves as a timely reminder of perhaps the
most important factor they should consider - will your fund and its
investors receive the consistently high levels of service they
demand? This award is an excellent reflection of the long-standing
quality, depth and experience of Jersey's fund administrators
and it's notable that a significant number of service providers
with a presence in Jersey are recognised in other categories in
these awards too."
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