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by Robert Lee, Tax-News.com, London
Thursday, August 12, 2010
Jersey is well placed to tackle challenges as
it moves quickly to adapt to the changing environment facing offshore international financial
centers, Nigel Strachan said in comments at his appointment as the new Chairman of the Jersey Funds Association.
“I am delighted to take on this role. Globally the funds industry faces
interesting and challenging times. However as one of the main players in the
offshore funds industry, I feel Jersey will be adept at rising to the challenges
it faces in the current economic climate and in light of moves towards a more
regulated industry across all jurisdictions,” Strachan opined.
“The Jersey funds industry has a highly experienced and motivated committee
which will look at the issues facing the industry and strive to bring solutions
to the table, work in partnership with Jersey Finance and maintain a good working
relationship with the Jersey Financial Services Commission.”
The Jersey Funds Association (JFA) is an active trade association representing
companies with Jersey offices operating in the funds sector. The Association
has over 70 members with membership spanning from small Jersey-owned companies
to global leaders such as State Street and JP Morgan.
Strachan is the Head of New Business at Kleinwort Benson, and a Chartered Accountant.
Edward Devenport - to assume the vice chairmanship - is a Jersey solicitor and
a Partner at Mourant Ozannes.
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