New for 2021, the third event in our Spotlight Private Wealth event series was brought together a panel of leading experts from the private client world to discuss how the sector supports philanthropy through foundations and the opportunities for Jersey to evolve with future demands from global philanthropists who wish to support the United Nations’ Sustainable Development Goals.

The third event in our 2021 Spotlight Private Wealth series was held on 29 October.

Jersey Finance Members can view the event recording via Webinars on Demand.

Speakers and Panellists

Allan Wood › Global Head of Business Development
email › / profile ›

Jonathan Sprigg

Jonathan Sprigg Head of Fiduciary Services, International Client Solutions, Standard Bank

Heather Maizels

Heather Maizels Senior Advisor, Charles Russell Speechlys LLP

Simon Morgan

Simon Morgan Director, Private Clients – Jersey, Vistra

Alexa Saunders

Alexa Saunders Partner, Carey Olsen

Quotes From the Audience Q&A

When dealing with charities located in remote jurisdictions and minimal assets and volunteers, what is the most efficient way to verify under Jersey AML regulations?

"I appreciate the question focusses on charities with minimal assets and volunteers. But remembering Jersey’s very tight AML NTF regime which we never want to dampen down. There is nothing like kicking the tyres, as they say."

Simon Morgan

Given where you sit, Standard Bank, do you rely on your network to a certain degree to help some of the smaller charities?

"Yes, we do. Kicking the tyres is a good analogy of going in and seeing if we are able to leverage the group. The Group normally has connectivity across the continent. We use the Group in different ways, where we’re able to. Where they’ve got connectivity with Standard Bank, we can leverage that."

Jonathan Sprigg

Philanthropy is one thing but as we move into sustainable finance and impact investing, do clients who set up these structures want reporting on the philanthropic activities as you might do in impact investments? Are investors looking for tools to measure their impact?

 

"Certainly, the two things are interlinked. There’s such a focus now on sustainability, ESG and on responsible wealth. I think it’s really easy to have those conversations. There’s a lot of work to be done around sustainable funds in terms of measurement and comparison."

Heather Maizels
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