Jersey Wins 'IFC Of The Year' Gong
Wednesday, January 30, 2013
Jersey has received an "International Financial Center of the Year" award at a recent ceremony hosted by Citywealth International in London.
Now in its second year, the Citywealth International Financial Center Awards
were launched to promote excellence and recognize financial centers that lead
in the adoption of global tax standards. This is the first year that the awards have
included "Top IFC" as an award category.
The awards are based on on-line votes which are monitored by an international
panel of judges from all sectors with experience of working with advisors in
each of the jurisdictions covered. In the IFC award category, Jersey received
33% of all the votes. Two-thirds of all votes received in favor of Jersey originated
from persons in London, with a significant portion of the remainder received
from Swiss practitioners and clients.
Karen Jones, Editor of Citywealth, said: "Jersey has received criticism
and praise for implementing tough standards for those operating on the island
to help businesses comply with international requirements as the world takes
a dim view of tax evasion. In 2013 their strategy is starting to pay off and
this win consolidates their position as a leading international finance center."
Gary Hales, Jersey Finance's business development representative in London,
received the award on January 24, 2013, at the ceremony at the Landmark Hotel
Welcoming the award, the Chief Executive Officer of Jersey Finance, Geoff Cook
added: "It's important that Jersey continues to be judged positively
and consistently for the quality of its services and regulation and we are delighted
to have secured this latest award from Citywealth, the fourth such accolade
Jersey has received in the last twelve months."
Last year, Jersey was judged as the "Best Offshore Center" in the
annual investment management awards organized by Global Investor magazine, part
of Euromoney. It also won the award of "Best IFC" at the International
Fund & Product Awards organized by Incisive Media and "Outstanding
International Wealth Financial Center" in the Private Banker International