Research conducted by global finance group State Street showed that nearly a third of all managers will seek to expand their businesses in the next five years by moving into new regions
And it is predicted that Jersey will see its fair share of that growth, which has been described by State Street’s Simon Burgess as ‘very positive’ for the future prospects of Channel Islands administration businesses.
Mr Burgess is the Jersey based head of real estate and private equity funds products for Europe, Middle East and Africa for State Street Global Services.
He said that the news was of planned expansion by real estate managers was particularly positive as far as the Island’s funds sector was concerned.
