Jersey reflects on investor confidence
Jersey Finance, the representative body for the local financial services industry, says recent investments point to continued confidence in the sector’s ability to grow.
Geoff Cook, CEO of Jersey Finance, noted examples such as the management buy-out at Ogier Fiduciary Services, while fund administrator Apex recently opened an office on the island.
Recently, the Jersey Business Tendency Survey, found that just over half of financial services firms anticipate a rise in employment numbers and expect profits to increase over the course of the whole year.
Cook added: “We have been working hard to ensure that Jersey continues to offer an attractive, flexible and innovative environment. The significant investment stemming from the buyout of Ogier Fiduciary Services, which already employs over 330 people in Jersey, will enable real growth and expansion in Jersey and is fantastic news right across our funds, private wealth, capital and corporate services areas. In addition, Apex’s move to Jersey is a manifestation of the genuine uptick in confidence we have seen in Jersey’s long term future in recent months.”