Jersey Finance has announced that its annual Trust and Private Wealth Conference in London will now take place on Tuesday 6th July, having been postponed from April as a result of travel disruption caused by volcanic ash.

The conference, which will now be a breakfast event starting from 8am, will retain its planned focus on the implications for the wealth management sector of the rise of the emerging ‘BRIC’ economies and the sharp contrast with the increasingly troubled Eurozone economies.

The revised date will also enable speakers and panellists to debate the significance of the recent creation of a UK coalition government and the potential impact of the forthcoming emergency budget for international finance centres like Jersey. Trends in the global economy with emphasis on how centres such as Jersey can play a part in the creation of investment solutions for private clients and their advisers will also feature on the agenda.

The conference will be addressed by Richard Cookson, Citi Private Bank’s Global Chief Investment Officer, who will examine how the collective economies of Brazil, Russia, China and India (‘BRIC’) have thrived during the crisis and how the financial services industry can take advantage of the shift in world economic power, while also highlighting the risks that remain.

Jersey Finance chief executive Geoff Cook will introduce the event and update delegates on developments in Jersey. A panel discussion follows and the speakers will be joined by Senator Philip Ozouf, Jersey’s Treasury Minister and Deputy Chief Minister, Richard Teather; Senior Lecturer in tax law at Bournemouth University and Advocate Alan Binnington, Director RBC Wealth Management in Jersey.

The debate will be widened to cover tax issues, disclosure and the future of automatic exchange of information. The panellists will discuss the outcomes of the G8 and G20 meetings in June, as well as moves by the IMF and the US and their possible impact on the global market for trust and wealth management services. The question and answer session will be facilitated by Sarah Montague, presenter of the ‘Today’ programme on Radio 4 and will include questions from delegates.

Geoff Cook commented:

‘I am delighted that we have been able to rearrange this conference, which now provides us with a forum to debate a range of topical issues of real interest to the private wealth sector, such as developing economic situation in the Eurozone, and the results of the UK General Election and forthcoming UK emergency budget and G20 meetings. There remain significant opportunities for centres like Jersey and we intend to highlight the solutions and structures within our regime which can support the needs of the wealth management and trust industry as the world emerges from the crisis.

‘We have brought together a high calibre panel with the knowledge and insights to discuss these issues in a global context. I am particularly pleased that Jersey’s Treasury Minister will join the event since it reaffirms the Government’s commitment to the finance industry in Jersey and provides delegates with an opportunity to hear directly from the Minister responsible for the Jersey’s fiscal regime.’

The event takes place at the Honourable Artillery Company, Armoury House in City Road on Tuesday 6th July, registration starting at 8pm and with an opportunity for delegates and Jersey Finance members to enjoy morning coffee afterwards at around 10.30am. For more details on the event please contact Jackie Maratier at Jackie.maratier@jerseyfinance.je.