Jersey's expertise and reach as an International Finance
Centre (IFC) has been recognised by being named 'Best
International Financial Centre' in the Professional Adviser
International Fund and Product Awards 2014.
Now in their 15th year, the Awards, which are organised by
leading international media group Incisive Media, are designed to
reward and recognise the groups and centres which are at the
cutting edge of distributing financial products and services
Winners, which were announced this week (16th June) were
assessed by an independent panel of judges, who took into account a
number of features including commitment to target market,
appropriateness of product range and services, transparency, and
levels of service and support.
Commenting on Jersey's achievement, Deborah Benn, chair of
the judging panel, said:
"Jersey uses a combination of expertise and speed to come
up with effective solutions, particularly in the alternative
investment sector. Judges were also impressed with
Jersey's Retail Distribution Review (RDR) equivalent which
shows a strong sense of which direction the wind is blowing
in terms of professional standards. Overall, this year marks
Jersey out as having an excellent competitive edge."
Geoff Cook, CEO of Jersey Finance, added:
"Over the past 12 months it has been crucial for IFCs to
respond quickly and appropriately to the market, and winning this
award is further evidence that Jersey has done that successfully.
We are always looking to highlight the quality and range of fund
services Jersey has to offer and its commitment to pursuing high
standards of regulation and co-operation, particularly in this new
era of AIFMD compliance, so it is encouraging when Jersey's
strengths are acknowledged in this way."
It is the third award Jersey has won this year recognising its
strengths as a finance centre, having been named 'IFC of the
Year' in both the Wealthbriefing Europe Awards in May and the
Citywealth IFC Awards in February. It follows on from a series of
award successes in 2013 highlighting Jersey's strengths as a
funds, asset management, corporate structuring and private client
Full details on the winners of the International Fund and
Product Awards can be found at www.offshoreawards.com.
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