Promotion in key overseas markets, focusing on attracting new business and keeping a close eye on the political and regulatory landscape are set to continue to be issues high on the agenda for Jersey’s finance industry throughout the coming year. 

Jersey Finance, the organisation that represents and promotes Jersey’s finance industry, will outline its plans for 2010 to member firms and politicians at its Annual Lunch Presentation, to be held at the Hotel de France on Tuesday 26th January between 12pm and 2pm.
 
As well as providing a review of key 2009 activities, Geoff Cook, chief executive of Jersey Finance, will highlight the importance of building on the work that has already been done in major international markets, with visits to China, India, Russia and the Middle East. A number of events in London and the UK regions are also planned, whilst there will be an emphasis on attracting new quality businesses to relocate to Jersey, particularly fund managers.
 
Robert Kirkby, Technical Director, will provide a technical update, underlining Jersey Finance’s intention to work with the industry and the government in relation to the ongoing review of Jersey’s zero-ten corporate tax framework and the draft EU Directive on Alternative Investment Fund Managers. The drive towards enhancing Jersey’s legislative and regulatory frameworks will also be highlighted, including Jersey’s ongoing commitment to signing Tax Information Exchange Agreements.
 
Head of Marketing Dara Lutes will also outline key initiatives in the marketing and events calendar for 2010, whilst updates from Jersey Finance’s representative offices in London and Hong Kong will be provided by Clive Boothman and Zhaoan Li.
 
Geoff Cook said:
 
“There is no doubt that 2009 was a challenging year globally – it was unprecedented in terms of the range of economic and political pressures and issues Jersey has experienced. But it was also a particularly rewarding year for Jersey. Being amongst the first to be named on the OECD’s white list and receiving significant praise in the IMF and Offshore British Financial Centres Reviews were all excellent achievements which have helped us emerge stronger and put us in a fantastic position to maintain momentum in 2010.
 
“We can undoubtedly expect to see many of these issues persisting throughout 2010. We will also be keeping close to the political rhetoric emerging from the US, Europe and the forthcoming UK General Election. Nevertheless, our proactive programme of initiatives and events for 2010 is comprehensive and I believe gives us a good framework to grow business over the coming months and years.”
 
Ends.
 
For further information, please contact Adam Riddell, Crystal Public Relations, on tel. +44 (0) 1534 639505 or e-mail adam@crystalpr.co.uk