Chief Minister Ian Gorst, will be heading to Abu Dhabi this week to promote Jersey and discuss a wide range of issues, including financial services, international development, renewable energy and education. He will be accompanied by officials from the Chief Ministers Department, as well as representatives of Jersey Finance. The trip is a reciprocal visit, following the UAE Ambassador’s very successful trip to Jersey last November.

The delegation is due to meet with the regions top private bankers on Tuesday 23rd April to present a specialist seminar at the Emirates Institute for Banking and Financial Studies. Delegates will hear from Sean Costello, Chief Representative Officer, Jersey Finance, GCC & India, who will deliver an introduction to Jersey as a highly regulated, co-operative and transparent International Finance Centre. They will then receive a presentation from Richard Corrigan, Global Head of Business Development, Jersey Finance on Jersey as a leading strategic private wealth planning jurisdiction and current issues in European banking.

The main presentation at the event will be on Private Wealth Structures concentrating on the Shariah compliance of Trusts and Foundations from Trevor Norman, Director of Jersey trust company Volaw. Trevor is considered the leading authority in the Channel Islands on Shariah compliant structures and is Chairman of Jersey Finance’s Islamic Finance Special Interest Group.

The seminar is being run in partnership with the Institute for Banking and Financial Studies who have requested the seminar on behalf of their members. They have engaged a specially selected group of top private bankers to attend.

Trevor Norman, Director, Volaw, says:

‘This visit consolidates the exceptional relationship that Jersey has been built up with the UAE over the last decade. It’s a great opportunity for us to speak to the right people about using Jersey for Private Wealth Planning. It’s essential that we continue to engage new audiences and look to new revenue streams for Jersey businesses.’

Sean Costello, Chief Representative Officer, Jersey Finance, GCC & India, says:

‘Jersey has spent a number of years developing its commercial and political ties in the region and the visit by the Chief Minister is an important step in this process and is designed to strengthen those relationships still further. One of the features of Jersey’s Finance Industry, which we are always keen to highlight, is the depth and breadth of the expertise we offer, particularly in the banking and private wealth arena. Trevor Norman’s specialist knowledge of Shariah structures and his understanding of the region is an example of the technical prowess Jersey can provide and we are delighted he is able to present at the Institute.’