‘Safe harbour status is one of our strengths’

In a robust presentation on Friday at the Jersey Finance Ltd annual review, chief executive Geoff Cook’s message was that although the Island’s premier industry could not control the wind, it could trim its sails.

Addressing an audience of members representing the majority of financial services firms in the Island, Mr Cook said that although there had been a few ‘bumps’ during 2016, including the Panama Papers exposure, Island firms had since gained a significant flow of business from other jurisdictions as a result.

‘Wealth needs managing, a safe harbour. We have one, and there are not many of them in the world,’ said the chief executive, who this year celebrates ten years in the post.

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