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Jersey focus | ‘The debate around transparency continues to evolve’

For more than 50 years, Jersey has been focused on offering private clients and their advisers a quality service, and that focus is undoubtedly working to Jersey’s advantage today, says Geoff Cook

1 May 2014

Jersey’s reputation, in particular, is rooted in its political and economic stability, sophisticated infrastructure of laws, network of specialist firms, and expertise. With more than 12,400 employees, Jersey’s financial services workforce is the largest of any European offshore centre.

Jersey’s trust law, established in 1984, has also become a model for others, and has allowed the island to firmly establish itself as a specialist centre for trusts, foundations and estate planning.

In 2013, it was calculated that about £1–2trn worth of assets are held in Jersey trusts and special purpose vehicles.

While its close and unique relationship with the Ci...

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