Jersey Funds Association elects new Chairman

Friday 22 July 2016

The trade association that represents Jersey’s funds industry has a new Chairman.

Mike Byrne - a partner at PwC Channel Islands - was voted into the post earlier this month. He replaces former Chairman Ben Robins, who had been at the helm of the Jersey Funds Association – JFA - for the last three years.

Tim Morgan, partner at Mourant Ozannes, is to serve a second term as Vice Chair. 

Also on the updated committee are Nick Taylor (Ashburton Investments) who remains as Treasurer, Steve Cartwright (Crestbridge), Michael Johnson (BNP Paribas), Niamh Lalor (Ogier), Graeme McArthur (Crestbridge), Robert Milner (Carey Olsen), Daniel O'Connor (Carey Olsen), Martin Paul (Bedell), Andrew Pitter (Ipes), Vycki Price (State Street), Mark Rawlins (Collas Crill), Peter Rioda (Sanne Group), Steven Ross (Rawlinson & Hunter), Jenny Swan (JP Morgan Chase Bank), Gayle Swanson (Capita Asset Services), Nigel Weston (Walkers). Caroline Harrington will continue as Secretary.

The association represents companies with Jersey offices operating in the funds sector, and there are more than 70 member firms, including organisations spanning from niche independent Jersey-owned companies to global leaders.

Following his election to the role of JFA Chairman, Mike said: “It is certainly an interesting time to take over as Chairman of the Jersey Funds Association. Against the backdrop of some significant political and economic shifts in Europe and the US, I feel Jersey is in a strong position given its relative regulatory and political stability and certainty. The industry has been on the front foot in developing legislation to keep us ahead of the game, whilst we continue to be recognised globally as a jurisdiction of expertise, substance and world class regulatory standards.”

Figures for Jersey’s funds industry show that, in the first quarter of 2016, the net asset value of funds administered in Jersey rose to £228.4bn, the second highest level since 2008, alternative asset classes representing over 70% of that business.