JERSEY
has been chosen as the best offshore centre for funds for the third successive
year at the International Fund and Product awards.
The independent judging panel felt that the Island had conducted
business in an ‘open and transparent’ manner, in line with its reputation as a
leading offshore jurisdiction.
The Isle of Man came second, and was “Highly Commended”.
Commenting on this year's awards, Deborah Benn, chair of the
judging panel said:
"There is little doubt that
the past 12 months has possibly been the toughest year yet for the offshore
industry. Not only has the ongoing backdrop of difficult economic conditions
taken its toll, but higher than normal regulatory pressures have been evident
this year. Yet despite this, entries have displayed a refreshing determination
to keep up high standards of service which has impressed the judges. In
particular, this year's winners and highly commended entries have really shone."
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