IoM Holds London Funds Briefing

by Jason Gorringe, Tax-News.com, London

25 November 2010

Speaking at the recent Isle of Man Funds’ Autumn Briefing in London, the island’s Minister for Economic Development, Alan Bell, noted the Isle of Man fund industry’s resilience during the crisis, underpinned, he said, by its increasingly diverse nature.

Bell said of the event: “I am very encouraged that our Autumn Briefing was so well received, at what was a key event for us. There was also an acknowledgement among the audience not only of the excellent opportunities that exist for funds and private equity in the Isle of Man, but of the diversified economic base we have and the world class service we offer in niche sectors such as aircraft and superyacht registration.”

Member of the Department for Financial Services, Juan Watterson, added: “The event provided an excellent opportunity for representatives of the island’s funds industry to highlight our offering in both funds and private equity to influential contacts in London. Representatives from several key London law firms were in attendance and hopefully this event will stimulate further business for the island.”

The event – hosted by Barclays Wealth – also featured an overview by Dean Turner, an investment strategist at Barclays, on the global economic environment and key trends for the future.

The Briefing is one of a number of ongoing marketing initiatives being held in London by the Isle of Man, including a series of forthcoming visits by representatives of the Isle of Man Fund Management Association to key London law firms, and a strong presence expected by the Isle of Man at the British Venture Capital Association Annual Summit event, to be held on November 25, 2010.

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