Jersey Wins International Finance Centre Award at WealthBriefing GCC Region Awards

Tuesday 21 November 11:48

Jersey has won the ‘International Finance Centre – Editor’s Award’ at the WealthBriefing GCC Region Awards 2017, underlining its credentials as one of the world’s leading international finance centres.

Held at the Taj Dubai on Wednesday 8 November, the awards recognised companies, teams and individuals which the panel of judges deemed to have demonstrated innovation and excellence during 2017. The awards showcased the best of breed service providers in the global private banking, wealth management and trusted advisor communities.

Commending Jersey for its high-ratings with international bodies, this year’s judges said: “The scale of banking and investment fund activity, coupled with the sheer number of international agreements on information-sharing, as well as the high scores accorded it by entities such as the Financial Action Task Force and OECD, prove that Jersey is in the top rank. With stories from around the world showing why reputation is a precious asset, and easily damaged, this IFC has worked hard to protect it.”

Geoff Cook, Chief Executive of Jersey Finance commented: “It is an honour to have been recognised at the WealthBriefing GCC Region Awards 2017. Over the past 12 months, the Island has not only continued to innovate and attract new business from within its key markets, but has also demonstrated its ability to respond quickly and appropriately in a rapidly shifting global market. This prestigious award is also evidence to the fact that Jersey remains a leading jurisdiction globally in terms of its robust regulatory regime and world-class tax transparency framework, and its ability to make sure that this framework is working well in practice.”

Publisher of WealthBriefing and CEO of ClearView Financial Media, Stephen Harris, said: “The firms who triumphed in these awards are all worthy winners and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognise the very best operators in the private client industry, with independence, integrity and genuine insight being the watchwords of the judging process - such that the awards truly reflect excellence in wealth management.”

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