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.’