Jersey’s finance industry has received further recognition, winning the "International Finance Center of the Year" award in the Society of Trust & Estate Practitioners (STEP) Private Client Awards for 2009/2010.
The Chief Executive of Jersey Finance, Geoff Cook, and Head of Marketing, Dara Lutes, received the award at a ceremony held at the Hilton Hotel on Park Lane, London, on October 13.
The STEP awards are judged by a panel of 14 experts in the UK, supported by a selection of more than 100 industry professionals worldwide. STEP’s judges decided that Jersey’s legislative and regulatory developments were the most impressive over the last year, and commented:
“Jersey Finance has used the last year to put the jurisdiction back at the forefront of international finance with a number of important legislative and practical initiatives and a stronger framework for government and industry dialogue. In the IMF’s recent Financial System Stability Assessment Update, the Fund placed Jersey in the ‘top division’ of finance centers and highlighted the effectiveness of its anti-money laundering rules.”
Geoff Cook commented: “We are delighted that industry professionals working in the wealth management arena have been so impressed by developments in our finance industry and selected Jersey as the top international jurisdiction. The award is further endorsement of the island’s supervisory and regulatory regime and highlights the unstinting efforts of the Jersey government and regulator in meeting the challenges of an evolving global financial services industry.”
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