Jersey has been named ‘Best International Finance Centre’ at the International Fund and Product Awards 2011 for the second consecutive year, further cementing the finance industry’s international reputation.

The awards, which are run by the Incisive Media Group, were held on June 16th in London and Christine Whitfield, Head of Special Projects at Jersey Finance, attended the event at media investment company Ingenious to accept the award on Jersey’s behalf.

Jersey Finance held off competition from Isle of Man Finance and Guernsey Finance to retain the title. The 12 strong judging panel praised Jersey for its anticipation of international regulations affecting its funds industry.

Deborah Benn, chair of the judging panel, commented: “The judges were impressed with recent regulatory and legislative work and active promotion of Jersey as a finance centre. In particular, the judges felt Jersey demonstrated good foresight in tackling the forthcoming EU and global legislative challenges it faces in a positive and proactive manner.”

Christine Whitfield commented: ‘Winning this award for the second year running is testament to the consistently high standard of work that Jersey’s finance industry conducts across all the business sectors and markets, local and international, in which it operates. Jersey is regularly endorsed by third-parties as a leading finance centre and it is an honour for Jersey Finance to once again accept this award on behalf of the finance industry.’