Jersey Finance opens Abu Dhabi office
Abu Dhabi, March 21, 2011
Jersey Finance, an organisation that promotes Jersey as an international finance centre, has opened its new representative office in Abu Dhabi.
The new office in the UAE capital will provide support services for regional companies in the banking, fund management, trust and legal industries with existing operations in Jersey, as well as acting as a hub to communicate the breadth and depth of its offshore financial services.
Specialist Jersey-based trust companies with UAE offices include Minerva Middle East, Vistra and Sanne Group. Inversely, banking institutions from the UAE with offices in Jersey include Emirates NBD, National Bank of Abu Dhabi and HSBC Middle East, among others.
Throughout the Gulf, Jersey Finance will concentrate on promoting Jersey’s expanding range of Shariah-compliant financial products, including Islamic asset management and fund domiciliation, Special Purpose Vehicles (SPVs), Sukuk structures and Islamic private wealth management.
The new office will supplement Jersey Finance’s existing representative office in Hong Kong, and dedicated representatives in India. Sean Costello, will head Jersey Finance’s business development in the GCC and India.
“The GCC is a key finance and business centre that we have been visiting since 2002 and we are delighted that we now have a representative office in the region,” said Sean Costello.-TradeArabia News Service
More Finance & Capital Market Stories
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai