Jersey has been crowned ‘International Financial Centre of the Year’ for the ninth time in a row at the annual Citywealth IFC Awards 2021, while a number of local firms have also been celebrating wins.
The awards were established 10 years ago to highlight the expertise and service excellence of advisors and managers in the private wealth sector in major IFCs.
Jersey beat Dubai, Abu Dhabi Global Market, Bermuda, Guernsey, Dakota, Wyoming, Monaco and the Isle of Man in taking the top IFC title.
“It is particularly reassuring that even during times of uncertainty, Jersey still holds on to its reputation for being well-regulated, professional and adaptable," said Jersey Finance CEO Joe Moynihan.
Pictured: Joe Moynihan, CEO of Jersey Finance.
"It is clear that by working with key stakeholders and experts in the finance industry, and maintaining positive international relations, we have been able to evolve to fit the ever-changing landscape."
Local companies were also recognised in the awards.
Professional services provider, Suntera Global took home the silver award for ‘Deal of the Year 2021’ for their purchase of Helm Trust Company and subsequent rebrand to Suntera as well as bronze for ‘Trust Company of the Year -Jersey’.
Pictured: Professional services provider, Suntera Global took home the silver award for ‘Deal of the Year 2021’.
“It is an honour to receive these accolades and be recognised within the industry we are so passionate about,” Claire Machin, Group Director and Head of Private Wealth in Suntera’s Jersey office, said.
“Since Helm was acquired by Suntera, we have been afforded greatly enhanced opportunities and the resources to achieve our ambitions both within Jersey and the wider private wealth industry.
David Hudson, Group CEO at Suntera Global, added: “We are immensely proud to accept these awards as they recognise all of the hard work that we have put in over the past year. Both the acquisition of Helm and our rebrand to Suntera have been well-received both internally and externally and have given us a platform to grow even further as an international provider of corporate, funds and private wealth services.”
Pictured: Ogier took home four gold awards.
Local law firm Ogier took home four firm-wide gold awards, scooping the top spot in the categories ‘Law Firm of the Year’ in Jersey, Guernsey, ‘the Bahamas, Bermuda and Cayman’, and ‘Hong Kong and Singapore’.
It is the fifth consecutive year that Ogier has been recognised at the awards.
In addition, Global Head of Private Wealth James Campbell took home silver in the ‘Lawyer of the Year – Channel Islands and Isle of Man’ category, while Global Head of restructuring and corporate recovery, Mathew Newman, took home gold in the ‘Lawyer of the Year – Litigation’ category.
"This is an exceptional performance by our trusts advisory group and it's especially meaningful to get external recognition of our first-rate client service after a year like no other, where we have all worked together across the firm and across teams to adapt to a significantly changed business environment,” Global Managing Partner, Edward Mackereth said.
“I'm also pleased to see the recognition for two of our service line heads - Mathew and James are an integral part of Ogier's success and these awards are thoroughly well-deserved."
Pictured: Iain Mason, Managing Director of VG.
VG was also recognised, taking Gold in the Independent Trust Company of the Year category.
“We are delighted to have won independent trust company of the year at the Citywealth IFC awards; the winners are those judged to have excelled in achievement, innovation, expertise and service which is testimony to the high levels of performance, service and professionalism demonstrated daily across our business,” Iain Mason, Managing Director of VG, said.
“For almost four decades we have been committed to developing innovative solutions that are specifically aligned to the complex needs of our clients and their advisors across the globe. This recognition we receive from awards such as these reflects the client-focussed, nimble and expert service that our team strives to deliver.”
Rathbones won Investment Management Company of the Year in the Channel Islands and Isle of Man category, and Jersey Managing Director Jonathan Giles was named Investment Manager of the Year in the Channel Islands and Isle of Man category.
It is the fourth time Rathbones has won Investment Management Company of the Year.
"We are thrilled to have won the award for Investment Management Company of the Year. It’s testament to the excellent team we have here in Jersey, dedicated to delivering high quality portfolio management and service," Mr Giles said.
Discussing his own achievement, he added: “I am delighted and honoured to have received this award, but it simply reflects the great team I have working around me, especially apparent in recent times.”
Ocorian was named global Family Office Adviser of the Year (Gold), Trust Company of the Year - Jersey (Silver), and Trust Company of the Year - Bahamas, Bermuda and Cayman (Bronze).
"The past year has been marked by uncertainty for our clients and our team continues to be the trusted partner wealthy families and individuals need in order to navigate the challenges that impact them and their affairs. I'm immensely proud of our global team and we continue to develop our global network upon a foundation of close and trusted relationships with our clients," Nick Cawley, Regional Head of UK and Ireland and Global Private Clients Service Line Lead, said.
Commenting on the awards, Karen Jones, Editor at Citywealth, said: “IFC corporates, their management and staff demonstrate year after year a sophisticated approach to sustainability for their human capital and clients. 2021 brought this into focus and the judges commend all those shortlisted and our winners for excellence of operation and standards during an unprecedented time in history.”
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