Jersey has been named ‘Best International Finance Centre’ at the International Fund & Product Awards in London.

Held at the prestigious Four Seasons, Park Lane, London on Wednesday 12 October, the awards recognise and celebrate excellence across the industry, including asset managers, life companies, private banks, discretionary fund managers and wealth managers and distribute financial products and services internationally.

Jersey’s credentials as one of the world’s leading international finance centres were once again underlined, as the island was selected by the panel of judges above other shortlisted jurisdictions, including Isle of Man and Malta.

The awards, now in their 17th year, also marked a return to centre stage of the global financial services industry by international investment, who hosted the event. This year’s awards also saw a record number of submissions, as well as attendees on the evening.

Geoff Cook, CEO of Jersey Finance said “Jersey’s recognition in these awards further reflects the Island’s consistent ability to adapt and evolve through a rapidly shifting global financial landscape. We are delighted to receive this award and would like to thank the judges and our business partners for their help in positioning Jersey as the gold standard in international finance centres.”

Nick Rapley, Chief Executive at Open Door Media Publishing, said: “Like these awards, International Investment exists to champion all that is good about the industry. We like to make heroes of those product providers and advisers who demonstrate best practice, who seek to raise standards and who put their customers first.”

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Jersey has been named ‘Best Fund Administration Centre’ for the third consecutive year at the Investment Week Fund Services Awards, held last week.

Announced as the winner at a dinner ceremony on 7 October at the Marriott Grosvenor Hotel in London, as part of Investment Week’s Fund Management Summit, Jersey retained the award against stiff competition from Guernsey, Dublin and Luxembourg.

The Awards are designed to recognise those service providers and jurisdictions who can demonstrate knowledge and expertise to provide solutions for the fund management industry, with winners selected through a combination of online voting and a panel of judges from right across the fund management and servicing sectors.

Specifically in the category of ‘Best Fund Administration Centre,’ judges looked for the jurisdiction that offered superior administration support to the fund management industry including legal, accountancy, compliance, tax, and stock exchange listing services.

Geoff Cook, Chief Executive, Jersey Finance, commented:

“For Jersey’s fund administration services to be recognised by a leading investment publication such as Investment Week and against some heavyweight competition for the third year in a row is naturally welcome for our funds industry, which continues to perform strongly.

“The market has reacted well to Jersey’s approach to international regulation, in particular the EU AIFMD, whilst a focus on alternatives, including hedge, private equity and real estate, has seen those asset classes grow by around 15% year on year. In tandem, Jersey’s fund servicing landscape is being accompanied by a rapidly growing management environment, and this bodes extremely well for Jersey’s future as a specialist funds jurisdiction of substance.”

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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 in the Investment Week Fund Services Awards 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 recognized in other categories in these awards too."

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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 internationally.

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. 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."

Full details on the winners of the International Fund and Product Awards can be found at www.offshoreawards.com.

Jersey has been named ‘Best Fund Service Centre’ in the inaugural awards of the leading investment management publication Investment Week.

Jersey, which was short-listed alongside Luxembourg and Dublin, was announced the winner at Investment Week’s two-day Fund Management summit in London last week.

Gary Hales, Head of Business Development, Europe and Russia, Jersey Finance, accepted the award at the ceremony which was attended by many of London’s leading investment professionals including many of the UK’s major fund service providers.

Commenting on Jersey winning the award, Deborah Benn, chair of the judging panel, said:

"The panel felt Jersey displayed an appetite to innovate and accommodate new fund markets, while at the same time keeping regulatory standards extremely high. Forward thinking has paid off with excellent growth in funds under administration and Jersey's continued ability to attract top quality financial institutions.’

Geoff Cook, CEO, Jersey Finance Limited, added:

‘A further accolade for Jersey this year is naturally welcome and it is particularly encouraging for the funds industry that it secured this award from a leading and long established investment publication familiar to many in the industry, and that we were named the top jurisdiction from a hugely competitive field which included leading EU jurisdictions.’

Jersey has secured its second international award as the top offshore jurisdiction in less than a month.

Jersey received the accolade of ‘Best Offshore Centre’ in the annual investment management awards organised by Global Investor/ISF, one of the flagship titles published by Euromoney Institutional Investor plc, a title read by the global asset management and securities finance community.

This success follows closely behind Jersey winning the ‘Best International Finance Centre’ at the International Fund and Product Awards 2012 organised by Incisive Media.

The Global Investor/ISF award was presented to David Vieira, head of marketing at Jersey Finance Limited, at a gala dinner awards ceremony in London hosted by Anthony Hilton, city editor of the Evening Standard, who was also a member of the eight-strong independent judging panel which also included magazine editor Alastair O Dell.

Alastair O’Dell said:

“These awards are prized by the industry because they are decided by a truly independent panel. Each and every winner is deserving of their award.”

Jersey was on a short list with Bermuda and Ireland. Factors taken into consideration included the legislative enhancements during 2011, the introduction of the Private Placement regime, the arrival of up to 18 new finance houses in Jersey, many of them hedge funds and the issuing of two new banking licences, the ongoing signing of tax information and other agreements with authorities abroad and Jersey’s consistent number one ranking in the Global Finance Centres Index.

Geoff Cook, Chief Executive, Jersey Finance, commented:

“While we are working in tough economic times, where all jurisdictions are facing much greater scrutiny and increasing swathes of regulation which together bring their own set of challenges, it is encouraging that Jersey continues to receive recognition for the quality of the jurisdiction and its international offering from respected publishing groups. Most importantly, we are being recognised for the fact that we continue to evolve and develop to meet those global challenges in order to secure new business for the jurisdiction.”

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For the third consecutive year, Jersey has been named ‘Best International Finance Centre’ at the 13th International Fund and Product Awards 2012, organised by media group Incisive Media.

The judging panel, consisting of independent industry practitioners and experts, took into consideration a number of criteria, including jurisdictions’ responses to the evolving regulatory environment and evidence of innovation and flexibility in developing complex international financial solutions. There were over 50 entries to this year’s awards from a wide range of companies in the offshore sector.

Commenting on this year’s awards, Deborah Benn of Incisive Media, chair of the judging panel said:

“There is little doubt that the past 12 months has possibly been the toughest year yet for the offshore industry. Not only has the ongoing backdrop of difficult economic conditions taken its toll, but higher than normal regulatory pressures have been evident this year. Yet despite this, entries have displayed a refreshing determination to keep up high standards of services which has impressed the judges. In particular, this year’s winners and highly commended entries have really shone.”

The judging panel added:

“Jersey’s entry highlights the effectiveness of a close working partnership with regulators and practitioners alike in terms of ensuring that initiatives introduced have the best chance of success. In particular, the judges felt that Jersey conducts business in an open and transparent manner in line with its reputation as a leading offshore jurisdiction. The introduction of structures and enabling legislation is particularly well thought through and on trend in terms of market relevance. Judges applauded Jersey’s efforts to grow its appeal in a wide range of markets, including permanent representation, which shows a clear commitment to raising awareness of what it has to offer.”

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Geoff Cook commented:

"Jersey further consolidated its growing reputation as a leading international finance centre during 2011 and this award recognises its finance industry’s continued efforts to offer sophisticated and innovative funds and investment solutions in an increasingly competitive marketplace.

“Jersey remains committed to evolving its laws and regulations to meet international investor demand and satisfy the raft of regulation being introduced over the coming years, and will continue its proactive approach in ensuring it maintains its position at the forefront of international financial services. Jersey Finance is delighted to accept this award on behalf of the finance industry.”

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Jersey has been named ‘Best International Finance Centre’ at the International Fund and Product Awards 2011 for the second consecutive year, further cementing the finance industry’s international reputation.

The awards, which are run by the Incisive Media Group, were held on June 16th in London and Christine Whitfield, Head of Special Projects at Jersey Finance, attended the event at media investment company Ingenious to accept the award on Jersey’s behalf.

Jersey Finance held off competition from Isle of Man Finance and Guernsey Finance to retain the title. The 12 strong judging panel praised Jersey for its anticipation of international regulations affecting its funds industry.

Deborah Benn, chair of the judging panel, commented:

“The judges were impressed with recent regulatory and legislative work and active promotion of Jersey as a finance centre.  In particular, the judges felt Jersey demonstrated good foresight in tackling the forthcoming EU and global legislative challenges it faces in a positive and proactive manner.”

Christine Whitfield commented:

“Winning this award for the second year running is testament to the consistently high standard of work that Jersey’s finance industry conducts across all the business sectors and markets, local and international, in which it operates. Jersey is regularly endorsed by third-parties as a leading finance centre and it is an honour for Jersey Finance to once again accept this award on behalf of the finance industry.”

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