The Isle of Man has been selected as the 'best international financial services centres' for the the sixth consecutive year by International Investment magazine, a leading UK offshore publication.
"This prestigious award recognises the Isle of Man’s strength as a leading jurisdiction of choice," stated a delighted Alan Bell, the Isle of Man Treasury Minister.
According to the Manx government, the International Investment Fund & Product Awards are viewed as the most high-profile and prestigious awards ceremony for the offshore world. They took place at the Victoria Park Plaza Hotel, London on the evening of Wednesday 10th May, and were attended by more than 300 leading financial services providers.
"The Island is maintaining a competitive edge by pursuing the economic, social and fiscal strategies that have stood us in good stead over the last five years. We are also delighted that the financial services industry has been recognised by the awards to Isle of Man-based companies," Mr Bell added.
Isle of Man-based companies won nine awards out of a total 14 award categories in this year’s International Investment Fund and Product Awards, and in four awards a further five local companies were highly commended.
Notably, Royal Skandia were declared winners in three categories and were highly commended in one other, while Fairbain Private Bank were declared winners of two awards and were highly commended in one other. The other Island winners include Singer and Friedlander (Isle of Man) Limited, Bank of Ireland (I.O.M.) Ltd and Hansard Group.
The strength of the Isle of Man as a leading finance centre has also been recognised by Financial Times publication, The Banker, when it was named European Winner of its Financial Centres of the Future 2005 in November 2005.
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