Jersey was named ‘Financial Centre of the Year’ in the awards, organised by the Euromoney flagship investment fund title, at a gala dinner held at the Grange Tower Bridge Hotel in London on Thursday 30 June. Hosted by Alastair O’Dell, Editor of Global Investor, the awards also marked the 30th anniversary of the publication.

Designed to recognise the achievements of fund managers, investment consultants, fund administrators and consultants across the global investment fund landscape over the past twelve months, the awards, now in their 16th year, were judged by a panel of independent experts.

The award win reflects Jersey’s continued strong performance as a funds jurisdiction over the past year. The value of funds administered in Jersey rose in the first quarter of 2016 to £228.4bn, the second highest level since 2008, with private equity and real estate fund levels rising in particular. In addition, Jersey is home to a growing fund management community and is now in the top ten centres worldwide for hedge fund management business.

Geoff Cook, CEO, Jersey Finance, commented:

“We are delighted to have received this award and it is encouraging that Jersey continues to receive recognition for the quality of its expertise, regulation and international offering. The jurisdiction has evolved its funds services in line with investor demand and global regulatory standards, which helps position Jersey as a leading centre for international funds business.”

This latest award builds on a number of successes already in 2016, which include being named ‘Best International Finance Centre’ at both the Citywealth IFC Awards for the fourth consecutive year and the WealthBriefing European Awards, whilst Jersey Finance’s activity surrounding the ‘Jersey’s Value to Africa’ report was recognised as the ‘Overall Marketing Campaign’ in Citywealth’s inaugural Brand Management and Reputation Awards in June