The UK-based organisation, which was founded in 1932, represents the interests of the shareholders of the funds.

Currently it has 223 members with total assets of £67 billion, representing around 80% of the UK sector.

AITC director general Daniel Godfrey and his deputy, Ian Sayers, who were in the Island last week to drum up interest, said the primary reason for their visit was recent growth in Jersey, in contrast to the lack of dynamism in the UK.

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