Private wealth advisers and alternative investment fund
professionals in Shanghai and Hong Kong will have an opportunity to
discuss developments within the international financial services
landscape and hear about Jersey's strengths as a specialist
wealth management and investment fund jurisdiction at a series of
events organised by Jersey Finance later this year.
Jersey Finance will host a series of events as part of its Asia
Roadshow 2016, including two private wealth-focused thought
leadership events, entitled 'Clear Direction' which will be
held at the Grand Kempinski Hotel, Shanghai on 18 October and at
the Mandarin Oriental Hotel, Hong Kong on 20 October, from 12.30 pm
– 3.00 pm.
Talks at both events will be led by Richard Corrigan, Deputy
Chief Executive, Jersey Finance and bring together a number of
industry experts to explore topics such as the global transparency
agenda and beneficial ownership, the need for substance in 21st
century international finance centres, and what the growth of the
family office sector means for Ultra High Net Worth Individuals
(UHNWIs) in the Far East.
Following on from the successful 2014 and 2015 Roadshow, the
events are set to attract a broad spectrum of the local advisory
community, including wealth practitioners, lawyers, investment
managers, and other finance professionals, and will include a light
lunch and an opportunity to network.
This year Jersey Finance will also hold a dinner event in Hong
Kong at the Mandarin Oriental Hotel on 19 October, focusing on how
as a European funds centre Jersey can support Asian fund managers
and investors. The dinner, expected to be popular amongst private
equity managers and alternative funds lawyers, will include a
keynote speech from a leading industry specialist and a discussion
covering areas such as the EU's AIFMD regulation, listings and
Speaking ahead of the Roadshow events, Richard Corrigan
commented: "The Jersey Finance Roadshows have been very well
received over the past couple of years and we are delighted to be
hosting these events again this year. It is clear that Jersey
remains highly respected in the Far East as a destination for
private wealth activity, as was reflected just last month with the
first mainland Chinese firm establishing a managed trust company in
Jersey through JTC, and we are looking to build on that through
"Given Jersey's strong position outside the EU but with
good market access to the UK and continental Europe, however, we
are also seeing growing interest from the Asian funds community in
Jersey's alternative funds capabilities, particularly across
the private equity and real estate asset classes. Our dinner event
in Hong Kong will provide an excellent platform for industry
experts to discuss developments in the global funds landscape and
gain a further insight into opportunities in Jersey."
Many people are baffled by trusts, the purpose of which they don't fully comprehend. Some even regard them with suspicion, as tools of of opaque tax evasion strategies of a type favoured by wealthy individuals.
We were recently instructed by a Bank in relation to a regulatory matter. The Bank had made a suspicious activity report to the Financial Investigation Unit ("FIU") due to their concerns about the potential source of funds in an account.
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