Asian Wealth Solutions Forum 2019 - Exclusive Insights - Joe Moynihan

Joe Moynihan of Jersey Finance

Nov 13, 2019

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1. When clients (professional services providers & UHNW families) in Asia are deciding which IFC (International Finance Centre) to choose, what should be their main considerations?

Video transcript

1. When clients (professional services providers & UHNW families) in Asia are deciding which IFC (International Finance Centre) to choose, what should be their main considerations?

There are a number of things that one needs to consider. Certainly, top of the list would be the expertise to be able to deliver what the customer requires. And really, you need professionals to be able to do that. You need people with experience, you need people with the professional support to be able to do it. In terms of the jurisdiction, you want to look to a jurisdiction that has a good reputation, because you don't want to be dealing with an international finance centre that doesn't have a good reputation, because that can reflect on the users of the centre. We think that that is increasingly important. And for us as a jurisdiction, we believe that we're very much at the top of the quality spectrum from a regulatory perspective. It's not just a saying it, we've been internationally recognised by the assessors and the standard setters, and most recently by the EU, who confirmed the Jersey was deemed to be a good quality jurisdiction and deemed to be compliant and transparent from a tax exchange of information perspective. So, these are really important issues for clients.

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