Jersey returns to India to promote finance industry

Mumbai, Nov 13 (ANI/Business Wire India): A Jersey Finance delegation, is heading to India later this month to build on the contacts established during previous visits and to promote the benefits of doing business with Jersey.

Jersey Finance is organising the visit and will host a range of formal meetings in both Mumbai and New Delhi, seeking to develop growing governmental, regulatory and commercial ties with India. Senator Philip Ozouf, Treasury Minister, and John Harris, Director General of the JFSC, will be among the delegation as well as many leading Jersey practitioners.

During the five day visit, Jersey Finance will highlight the many benefits Jersey has to offer and, in particular, attention will be drawn to the recent series of international endorsements that Jersey has received from bodies such as the OECD and IMF regarding its high standards of regulation and assessment as a leading cooperative and transparent international finance centre.

A number of leading finance professionals from Jersey will present a series of subjects including: how the new Foundations Law is attractive to high net worth families and non-resident Indians; how the use of Jersey investment vehicles can assist both with inward investment and with Indian businesses seeking to expand internationally; and how Jersey's expertise, regulatory and legal framework can support international investors seeking to buy overseas property, particularly in London.

Geoff Cook, Chief Executive, Jersey Finance commented: "I am delighted that we have representatives from Jersey's Government and the financial services regulator, alongside many finance professionals from Jersey keen to develop their business links with colleagues in India. The formal presentations provide us with an opportunity to meet and network with a diverse range of industry leaders and senior practitioners. We intend to advise on the recent independent endorsement Jersey has obtained regarding the high standards of our regulatory regime and offer a technical summary of the jurisdiction's breadth of expertise and how this is relevant to the Indian market."

In addition to the presentations and receptions, there will be meetings between Government officials, regulators and important trade organisations. Members of the delegation will also explore trading opportunities and regulatory co-operation and alignment with the Indian Government and regulatory officials.

There will be an opportunity to progress business opportunities in one-to-one meetings between Jersey representatives and Indian business leaders and private clients. (ANI)