Welcome to the first 2020 edition of the ‘Jersey for Private Wealth’ newsletter

In this edition of our quarterly newsletter you will find links to our latest research reports, upcoming events in the private wealth sector and useful resources.

At a glance:

News: Jersey’s Beneficial Ownership Register Cited in FATF Best Practice Guide
Research: Views from the Islamic Finance Wealth Management Community
Industry Insight: Our Annual Review 2019 Highlights
Industry Insight: Jersey Finance CEO Featured in The Banker Video Series
UK: 2020 Family Office Roundtable Event Series, London
Africa: Jersey Finance Reinforces Kenya Connections
Gulf Region: Jersey International Savings Plans Seminar, Dubai, 10 March
CEO Blog: What Connects Us
People: New Global Head of Business Development for Jersey Finance
Useful Resource: Key Features of Jersey’s Charities Framework – Factsheet
Awards: Jersey Remains Leading IFC for Eighth Year in a Row
Lifestyle: Thinking of Relocating?

Jersey’s Beneficial Ownership Register Cited in FATF Best Practice Guide
News

A new guide covering ‘Best Practices on Beneficial Ownership for Legal Persons’ highlights Jersey as an example of best practice. The Financial Action Task Force (FATF) report identifies challenges facing countries such as ensuring the beneficial owners of companies are identified and what key features an effective regime should have.

View the FATF Guide
Views from the Islamic Finance Wealth Management Community
Research

Our latest GCC focussed white paper researched the views of Islamic wealth managers to understand and communicate the development of Islamic finance wealth management in Asia and beyond. Produced in partnership with Hubbis, the paper reveals that the trillions of dollars of high net worth individual’s wealth across the Islamic world can indeed gradually find more of a home in the world of Islamic wealth management and IFCs that specialise in Islamic finance.

Read the report
Our Annual Review 2019
Industry Insight

summary of Jersey’s 2019 financial services industry highlights is now available in our Annual Review. The review covers all financial services sectors in Jersey including fintech, sustainable finance and private wealth, as well as our research and our work with government and the regulator.

You can also watch a short film of our 2019 highlights.

Discover more
Jersey Finance CEO Featured in The Banker Video Series
Industry Insight

In a video series with FT title, The Banker’ our CEO, Joe Moynihan speaks to the editor, Brian Caplen, about Jersey’s role in Europe post-Brexit, the digital impact of international banking and the new political, regulatory and environmental concerns surrounding trade and investment flows.

2020 Family Office Roundtable Event Series
UK

Launched in autumn 2019, our family office roundtable event series continues in 2020 to encourage dynamic debates and explorations into what is important for private clients when it comes to establishing, redomiciling or relocating family offices.

Read a summary of our first event.

Roundtable discussion topics include regulation, reputation, connectivity, legal certainty, confidentiality, lifestyle, technology and infrastructure.

Please contact our UK Director, Robert Moore, if you are interested in attending.

Discover More
Jersey's Growing Relationship with Africa
Africa

Over many decades, Jersey has built strong connections with Africa. Most recently, we hosted a reception with the British High Commission in Kenya, coinciding with the first anniversary of the signing of an MoU between the governments of Jersey and Kenya on financial cooperation.

As part of our funds masterclass event series, we will also host two events in Africa – Nairobi and Cape Town – which will delve into the key initiatives impacting the funds sector. Follow #fundsmasterclass on LinkedIn or contact our events team for more information.

Read more
International Savings Plans Seminar - 10 March, Dubai
Gulf Region

New employment regulations and
employment law changes come into effect in the Dubai International Finance Centre (DIFC) from 1 February 2020, as part of the newly introduced DIFC Employee Workplace Savings (DEWS) scheme replacing End of Service benefits.

Jersey Finance will host a seminar highlighting the positive opportunities in this area by linking employee savings experts from Jersey with DIFC and Gulf-based employers, and with DIFC agents as their potential local partners.

If you do business in the Gulf region, or you are travelling to Dubai in March, and would like to receive an invite please contact us.

What Connects Us
Joe Moynihan
CEO Blog

Our Chief Executive Officer, Joe Moynihan, reflects on Jersey’s finance services industry’s 2019 highlights and looks ahead to 2020 in his latest blog post entitled ‘What Connects Us’.

Read the Blog
New Global Head of Business Development for Jersey Finance
Allan Wood
Research

Jersey Finance has promoted Allan Wood to the position of Global Head of Business Development. In his new role, Allan will take on responsibility for overseeing the promotion of Jersey’s leading international finance centre across key strategic overseas markets including Africa, the Gulf region, Greater China, the US and the UK.

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The Key Features of Jersey's Charities Framework
Jersey Finance Philanthropy and Socially Responsible Investing
Useful resources

Produced by Jersey Finance, this factsheet provides a useful summary of Jersey’s Charities Framework and the reasons why Jersey is a clear choice for philanthropy.

Download the factsheet
Jersey Remains Leading International Finance Centre for Eighth Year in a Row
Lifestyle

Jersey remains the leading international finance centre (IFC) after being recognised for the eighth time as ‘IFC of the Year’ for private wealth management at the annual Citywealth IFC awards last week.

Having held the title for eight years, Jersey has consistently ranked higher for its expertise and financial service offering than other shortlisted jurisdictions such as Cayman Islands, Isle of Man, Singapore, and Guernsey.

Read more