Mumbai, Mar 16 (ANI/Business Wire India): A delegation from the Channel Island of Jersey is in India this week, to highlight the capabilities of its finance centre as a gateway to European investment, wealth management and to emphasize the regulatory standards and legal and regulatory features of the jurisdiction.
Jersey is an Island close to the coast of northern France but still a part the British Crown.
The Island, which is a self-governing democracy, with one of the oldest parliaments in the Commonwealth, has developed a thriving financial services industry with particular strengths in banking, funds and wealth management. Jersey has no banking secrecy laws and it has been recognised as a well-regulated centre by international bodies regularly in recent years.
Representatives from Jersey Finance, the body that promotes the Island's Finance Industry and 12 of its Members together with the Director General of the Jersey Financial Services Commission and a States of Jersey Government official, are visiting Mumbai and New Delhi, following on from their last visit in December 2008 to New Delhi.
Presentations and receptions are planned for finance and legal practitioners in Mumbai on March 17 and New Delhi on March 19.
Geoff Cook, Chief Executive of Jersey Finance Limited, said: "This is one of a number of visits to India and we have been made most welcome on each occasion.
The objective is to showcase the Island's expertise in capital structuring for Indian business expansion into Europe and the use of Jersey's funds regime for inward investment into India. We also have expertise and a long track record in private wealth management and we will be outlining our full range of services including details of our new foundation offering."
Foundations will be available alongside existing investment vehicles such as companies, trusts and limited partnerships for use in financial planning and private wealth management strategies.
The Jersey delegation includes, Geoff Cook, Chief Executive of Jersey Finance, John Harris, The Director General of the Jersey Financial Services Commission, Christine Whitfield, Head of Special Projects at Jersey Finance, and up to 12 Jersey based legal and finance professionals, together with Government official Wayne Gallichan, Director of Inward Investment for the States of Jersey. (ANI)