Speakers at Jersey Finance’s Global Horizons event shared plans for an enhanced US market strategy, service innovation and skills development for 2025.
Two hundred attendees from the financial services industry, government and wider business community attended the event, held at the Radisson Blu Hotel.
The team outlined an “enhanced programme of activity” in the US market, which the firm said will bring Jersey’s private wealth proposition to US private investors and families for the first time.
The firm added that the move “builds on successful efforts to boost Jersey’s visibility as a high-quality centre for fund services”.
Those presenting were Jason Laity, Chairman, Joe Moynihan, CEO, Amy Bryant, Deputy CEO, Lisa Springate, Head of Legal and Technical, Chris Jenkins, Global Head of Market Development, and Louise Burrows, Head of Marketing.
Jersey Finance shared that the financial services marketplace is becoming “increasingly competitive”, so its focus will remain on innovation in the areas such as tokenisation and digital assets.
The firm also pledged to expand its Future-Fit Workforce programme, specifically its Reconnect initiative to “support local people in rejoining or reskilling for a career in financial services”.
Joe Moynihan, CEO of Jersey Finance, said that 2024 was a year of “relentless challenges”, which demonstrated Jersey’s “certainty and stability”.
He believes the state of “permacrisis” will continue, but Jersey’s positive MONEYVAL assessment gives the island a “fantastic platform on which to build”.
“I’m really pleased that we will be significantly enhancing our visibility in the US market this year, bringing our wealth expertise to a significant and growing market,” he added.
“We’re also ramping up our sustainable finance activity, elevating our tokenisation and digital assets capabilities, exploring new opportunities in the insurance space and ensuring we remain an easy place in which to do business.
“All of this will help differentiate us as an IFC.”
Mr Moynihan continued: “We’re also conscious of the role the industry plays locally, and I’m pleased that we will be supporting a number of community projects this year, including the new Greening Jersey initiative, as well as bulking out our plans to support those looking to work in finance, from school leavers to experienced career switchers, in order to build a resilient workforce.”