Jersey, which was once again shortlisted 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 recognised in other categories in these awards too."