Welcome message from Joe Moynihan, Chief Executive Officer, Jersey Finance

Globally Connected

Welcome to the 2019/20 Jersey supplement to the STEP Journal. We’re proud once again to be launching this publication to coincide with our annual private wealth conference in London, which this year will focus on vital debates surrounding the globalisation of wealth and the evolution of giving – in particular, how regulation, technology and ethical topics are set to challenge the future prosperity of the sector.

For over half a century, Jersey’s private wealth management sector has connected people, positive causes and businesses around the world. In this supplement, you’ll see how Jersey’s forward-thinking approach to cross-border finance is enabling our international finance centre (IFC) to compete on the world stage by connecting with key markets, innovating in digital technologies and offering a range of first-class products and services.

Demonstrating the positive impact Jersey has on growing economies around the world, Emily Perryman’s analysis on page 5 recounts Jersey’s 30-year journey towards becoming the jurisdiction of choice for philanthropic activities. The certainty we provide, and the quality of the expertise found on the island,
continues to place Jersey at the forefront of this field.

Technology is a vital component in our drive for innovation, so it made sense to team up with JT as co-sponsor of this supplement. Its work has made Jersey one of the most connected places in the world. More on the future trends driving Jersey’s digital future can be found on page 17.

We are certain that the future success of our IFC is secured through a collaborative approach with Digital Jersey, the Jersey Financial Services Commission and the Government of Jersey. In the lead feature on page 8, penned by four senior stakeholders, you’ll find an overview of Jersey’s ambitious priorities for 2020 and beyond.

Meanwhile, our Life in Finance scheme continues to provide a vital platform for the next generation on the Island. This year, Jersey Finance took on a young person, Finlay, who worked with us for a few weeks in order to learn and experience what it’s like to work in the finance industry. I’m proud of the positive
feedback I received from Finlay and his take on CEOs! Read his interview on page 22.

For me, there is a good reason to be focusing on the importance of global connections right now. With geopolitical moves towards protectionism on the one hand, and the force for globalisation on the other, Jersey’s clear commitment to stakeholders beyond the UK and Europe, and the certainty we provide them, is one of the reasons why I can say Jersey is indeed ‘connected and confident’.