Jersey’s corporate, private equity and wealth management expertise showcased in Africa and North America
Jersey’s role as a specialist centre for wealth management, alternative fund and corporate listings work has been highlighted to audiences of senior finance professionals at a range of events in South Africa, the USA and Canada this month.
As part of a strategy to develop Jersey’s private client offering for the Latin America region, Richard Corrigan, Global Head of Business Development for Jersey Finance, hosted a Jersey Finance-sponsored lunch on 6th February at the three-day Legal Week Private Client Forum Americas event in Sonoma County, California. With an audience that included some of the most senior private client lawyers from North, Central and South America, the event examined key issues facing private client practitioners.
Richard then attended the FT International Financial Centres briefing and dinner held in Toronto on 11th February. At the event, the third in a series looking at how International Finance Centres (IFC) can compete in the new global economy, Richard was a panellist for a session entitled ‘Attracting investment and driving growth in the current climate’. In the session, he underlined Jersey’s strengths as a centre for cross-border investment and highlighted, with Jersey companies listed on exchanges around the world having a market capitalisation of over £157bn, its credentials as a leading jurisdiction for listings.
In addition, Gary Hales, Jersey Finance’s Head of Business Development in Europe and Africa, attended Mining Indaba (3–6 February) in Cape Town, South Africa, as part of a Jersey delegation including Locate Jersey, who were exhibiting at the event, and a number of legal and financial services firms. As one of the largest mining events globally, attracting over 7,000 attendees each year, the event provided an ideal forum to highlight Jersey’s attractive business environment and corporate and legal services to a large number of senior mining executives.
Finally, Jersey’s position as a centre for the domiciliation and servicing of private equity funds was also highlighted by Gary at the ‘Private Equity in Southern Africa’ Conference in Stellenbosch on 11th February, co-hosted by the FT, the South African Private Equity and Venture Capital Association and the Emerging Markets Private Equity Association. Featuring a high calibre audience of private equity and venture capital professionals, the event considered a range of opportunities and developments in Southern Africa, including fundraising trends, deal flow and deal financing.
After the events, Richard Corrigan commented:
“Continuing to get Jersey’s first-class messages out to international markets is absolutely vital. Our presence at high profile events in Africa and North America this month has proven very valuable indeed. Feedback from delegates at these events has been very positive for Jersey, suggesting that in comparison other IFCs are considered much more leaden-footed internationally.
“In particular, attending these events in the USA and Canada has acted as a useful step in our plans to establish key contacts and build private client business in the Latin America region. Meanwhile, we see real opportunities to grow business levels right across the funds, private wealth and corporate sectors in Africa. Some tangible business leads have already arisen from our presence at the Mining Indaba event that can help boost Jersey’s growing mining sector, whilst given that the UK is one of the largest investors into Africa, we are well positioned both from a regulatory and time-zone point of view to facilitate private equity investment into Africa.
“It is encouraging that Jersey’s robust regulation, product range and standards of service are continuing to earn us a good reputation globally, and it is important that we maintain this momentum.”