Now in their 15th year, the Awards, which are organised by leading international media group Incisive Media, are designed to reward and recognise the groups and centres which are at the cutting edge of distributing financial products and services internationally.
Winners, which were announced this week (16th June) were assessed by an independent panel of judges, who took into account a number of features including commitment to target market, appropriateness of product range and services, transparency, and levels of service and support.
Commenting on Jersey's achievement, Deborah Benn, chair of the judging panel, said:
“Jersey uses a combination of expertise and speed to come up with effective solutions, particularly in the alternative investment sector. Judges were also impressed with Jersey’s Retail Distribution Review (RDR) equivalent which shows a strong sense of which direction the wind is blowing in terms of professional standards. Overall, this year marks Jersey out as having an excellent competitive edge.”
Geoff Cook, CEO of Jersey Finance, added:
“Over the past 12 months it has been crucial for IFCs to respond quickly and appropriately to the market, and winning this award is further evidence that Jersey has done that successfully. We are always looking to highlight the quality and range of fund services Jersey has to offer and its commitment to pursuing high standards of regulation and co-operation, particularly in this new era of AIFMD compliance, so it is encouraging when Jersey’s strengths are acknowledged in this way.’
It is the third award Jersey has won this year recognising its strengths as a finance centre, having been named ‘IFC of the Year’ in both the Wealthbriefing Europe Awards in May and the Citywealth IFC Awards in February. It follows on from a series of award successes in 2013 highlighting Jersey’s strengths as a funds, asset management, corporate structuring and private client centre.
Full details on the winners of the International Fund and Product Awards can be found at www.offshoreawards.com.