Jersey Finance has appointed a Business Development Lead in the US, ahead of the opening of a new office in New York later this year.
Philip A. Pireckiwill take on responsibility for enhancing Jersey’s visibility in the US as an international finance centre, focusing in particular on promoting Jersey as a gateway to Europe for US fund managers.
He has over 20 years of professional experience spanning investment banking, investment management, consulting, auditing and accounting and "a track record"of growing and leading businesses in the Caribbean, US and Europe.
Previously, Mr Pirecki was an Independent Director for hedge, private equity and investment companies and Partner and Director of Silver Sail Advisors LLP, a London-based independent investment advisory firm, before that.
Commenting on his new role, he said: “Jersey is perfectly positioned to capture a burgeoning US institutional investor market that is looking acutely at European opportunities but that is cautious because of the complex European regulatory landscape. With a position outside of the EU, a fantastic reputation for global funds business, a world-class regulatory framework and an impressive range of structures, including the Jersey Private Fund, Jersey has a really exciting opportunity to provide US managers with a solution that clearly meets their needs.
“I’m now looking forward to working with firms and contacts to build a strong network in New York and beyond “
Pictured: Jersey Finance office in New York will be located on the Sixth Avenue, officially known as the Avenue of the Americas.
The opening of a New York office was first mentioned by the Treasury Minister, Deputy Susie Pinel, in her Transition Report for 2019 as one of the priorities for Financial Services and Digital Economy.
The government later granted £250,000 to Jersey Finance to cover a full-time Business Development Director based in New York, as well as office accommodation, associated marketing and central support expenditure.
The office will be situated on the Sixth Avenue and is due to be formally opened at a launch event later this year.
Joe Moynihan, CEO, Jersey Finance, commented: “At the start of this year, we set out a clear vision to expand our global reach and diversify our proposition in overseas markets, and developing our footprint in the US is a key part of that. Philip will play a vital role in enhancing our visibility and clarifying our proposition in the US, where we see significant opportunity and are already seeing traction – particularly in supporting fund managers who are seeking a reliable platform to support their European strategies.”
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