Trust experts from Jersey and the UK discussed the latest trends and opportunities in the High Net Worth sector, at the Mourant Ozannes IBC International Trust and Private Client Forum at the end of last week. The day-long event was held at Hotel L’Horizon in St Brelade and featured discussions on a number of key themes around working with the world’s wealthiest individuals.
The day was chaired by Joe Donohoe, one of Jersey’s leading private wealth management practitioners, and the keynote address was delivered by Joshua Rubenstein of leading New York law firm Katten Muchin Rosenmann LLP, who told the distinguished audience that although the climate remains challenging for international trust and private wealth management firms, Jersey will continue to be a market leader because of its innovative approach to product development, its fiscal and political stability and its willingness to be transparent and open with tax authorities around the world.
Among the sessions held throughout the day were discussions on how to deal with the risks arising from working with the world’s super-rich, keeping up with the fast evolving Latin American markets and managing the challenges posed by dealing with the affairs of wealthy Russian and Middle eastern clients. Among the speakers were internationally renowned experts who updated delegates on the latest changes and developments in the law and practices relating to managing the affairs of wealthy clients. Douglas Close, Head of Mourant Ozannes Trust and Private Client practice said: ‘This event is an opportunity for Jersey’s trust and private client practitioners to gain a unique insight into the latest issues and opportunities arising in the sector. The quality of the speakers is unparalleled and we were delighted with the attendance.’