Jersey Finance has announced that exploring future opportunities and embedding Jersey’s reputation in overseas markets are its key priorities for the year ahead.
Speaking at the organisation's Annual Review last week, CEO Geoff Cook – who leaves Jersey Finance next month – highlighted plans to open an office in New York later this year, which will help Jersey capture a US institutional investor market looking to access European opportunities.
Jersey Finance’s overseas business development team reported significant interest from Asian markets in the island's recently launched International Savings Plan product. The expectation is that the structure will significantly diversify Jersey’s proposition in Asia, particularly in the Gulf Region.
Following the recent opening of Jersey Finance’s office in the Dubai IFC, the team also said it would focus this year on working with a broader range of partners across Asia, including in Singapore and Malaysia, to help it support mainland Chinese investors with their outbound ambitions and cross-border structuring.
Jersey will also continue to explore opportunities to support investors in Africa, from private wealth to inbound and outbound institutional investment.
Geoff Cook commented: “The UK remains a key partner and Europe a vital market for Jersey, but the clear focus for Jersey is on expanding our global reach and diversifying our proposition in overseas markets.
"With our ramped-up focus on Africa, a new proposition in the US and a clear commitment to innovation in Asia, we are perfectly poised to support future demand for international capital flows.”