Jersey wins second 2012 award as top jurisdiction

July 3, 2012

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.”