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Jersey team arrives today

posted on 05/03/2007: 767 views

A top-ranking delegation from the finance industry of the British Channel Island of Jersey arrives in Abu Dhabi today (Monday) on the second leg of a tour of the Gulf that began yesterday (Sunday) in Kuwait. The delegation is led by Pierre Horsfall, the Chairman of Jersey Finance, the body charged with responsibility for promoting Jersey's finance industry, and also includes the Director of International Finance for the States (Government) of Jersey and the Chief Executive of Jersey Finance.

The objective of the visit is to provide updates to local finance industry professionals on regulatory and legislative developments to Jersey's Finance Industry. The ten-day tour of the Gulf, the fifth of its kind in the last six years, includes visits to both Abu Dhabi and Dubai, as well as to Qatar and Bahrain and, for the first time, to Kuwait.

While in the UAE, the delegation is expected to hold talks with Central Bank officials and with officials of the Dubai International Finance Centre.

According to Horsfall, "the focus of the visit is on business networking and developing and maintaining relationships with key local contacts and professional intermediaries. " "The Jersey delegation will include representatives from a diverse cross section of the Industry including private client and wealth management, funds and corporate activity which will help to highlight the strength in depth of the Island's premier Industry. We value the business coming to Jersey from the Gulf immensely, and we are delighted to be returning once again." A dependency of the British Crown, but with its own separate government for over 800 years, Jersey is one of the world's leading international finance centres. (Emirates News Agency, WAM)


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