Jersey’s funds industry is maintaining its upward trajectory – but evolution in the market, regulatory change and competition means that the Jersey Funds Association is busier than ever, industry leaders were told at an event this month.
Held at the Pomme d’Or on 1 March, the JFA's Chairman's Update event saw Chair Michael Johnson and Vice Chairman Joel Hernandez assess the current landscape and set out some of the priorities for the JFA over the coming year.
The event highlighted that the value of assets serviced in Jersey rose to new record levels of more than £0.5trn in 2022.
Mr Johnson said at the event: “Our figures continue to illustrate an upward trend, but it’s really important we stay ahead of the curve and anticipate regulatory change and shifts in investor behaviour to maintain our attractive ecosystem for alternative funds.
“Speed to market, cost-effectiveness and service quality are absolutely crucial in our segment of the alternatives market and we are fully focused not only on safeguarding our position but on enhancing our proposition in those areas.”
Mr Hernandez added: “From a legal and technical perspective, it has never been busier in terms of the need to respond to consultations and international and domestic regulatory change... We are fortunate in the JFA to have broad and diverse expertise through our membership to support our efforts in these areas.”
Pictured top: Chairman Michael Johnson speaking at the JFA update event.
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