Jersey still the world’s top offshore finance centre

Wednesday 28th September 2011, 3:00PM BST.

Jersey is listed above Paris

JERSEY is now ranked in the top ten worldwide locations for providing wealth management and private banking services.

It is ranked in eighth position overall and is fifth placed in Europe behind London, Zurich, Geneva and Frankfurt, according to the latest Global Financial Centres Index released this week.

And the Island has also strengthened its position over the last six months as the world’s pre-eminent offshore finance centre.

Overall, the Island’s ranking climbed two places to 21st in the world. London still leads the way with New York in second and Hong Kong third.

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1
me

September 28, 2011 at 5:13 pm

I don’t think the protester from last week would agree with you here

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2
Dave

September 28, 2011 at 6:46 pm

‘Offshore’ doesn’t include many of our main rivals – Geneva, Zurich, Hong Kong, Singapore, Dublin and Luxembourg

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3
Pip Clement

September 29, 2011 at 12:54 pm

I do not see that it matters if a finance centre is onshore ( surrounded by land ) or offshore ( surrounded by water).
We should be worrying about how we rank against our main european rivals and the rising stars of the east, Dubai when it picks itself out of the merde, Singapore, Hong Kong, etc.
There is only so much cake to go round and it looks like other diners want to join us at the table.

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4
Dave

September 29, 2011 at 7:14 pm

“We should be worrying about how we rank against our main european rivals and the rising stars of the east, Dubai when it picks itself out of the merde, Singapore, Hong Kong, etc.”

Ummm… no. Comparing Jersey to Singapore and Hong Kong is ridiculous when you consider how much bigger (and globally more important) the finance industries of those juristictions are. And their hardly rising stars, more like established financial centres who have been around for longer than Jersey and compare themselves to London and Frankfurt not us.

We have to compare ourselves to the the likes of Guernsey, the Cayman Islands etc… small offshore financial juristictions.

“There is only so much cake to go round and it looks like other diners want to join us at the table”

Its the other way round. Jersey wants to join the big players at the table. Its back to the comparison, if Singapore and Hong Kong were Manchester United, Jersey would be Carlisle United.

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5
Bob Cratchet

October 6, 2011 at 3:29 pm

Dave

What a limited IQ your post displays. Competition is competition. The users of these types of financial services simply don’t see it as distinct submarkets.

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