The number of fund service providers which have opened offices in Jersey during
the last 12 months has passed double figures as a result of the arrival of a
Luxembourg administration firm, according to Jersey Finance.
Alter Domus, which has its headquarters in
Luxembourg, has opened a new office in
Jersey. Alter Domus is a provider of outsourced administration services.
According to figures recorded by
the Jersey Financial Services Commission, 11 fund administration or fund management firms have sought and obtained licences to open new offices in
Jersey during
the last 12 months.
“It is also encouraging that, even in
the current climate, we continue to talk to
other firms considering
the option of opening locally. In some cases,
the question is whe
ther
they will re-locate
their main headquarters to
Jersey,” Geoff Cook, chief executive of Jersey Finance, said.
The following fund service providers have obtained licences and opened offices in Jersey during
the last 12 months: AIB Jersey Fund Services; Alter Domus (Jersey); Herald Fund Services; IFG Fund Administration (Jersey); IPES (Jersey); La Salle Global Fund Services; Orchard Wealth Management; Saltgate; Spearpoint; Vistra (Jersey), and Whitmill Trust Company.
