Jersey Finance continues to build relationship with South East Asia

Thursday 06 June 2024

Representatives from Jersey Finance recently hosted a series of events to further build the island's presence in the South East Asian market.

Presentations of Jersey's Finance capabilities were showcased in Singapore and Malaysia to discuss the increasing importance of virtual assets across both real estate investments and the alternative funds sector more widely and Jersey’s role as a leading International Finance Centre (IFC).

Elliot Refson, Head of Funds at Jersey Finance and Yiow Chong Tan, Business Development Director for South East Asia at Jersey Finance, led the presentations which included roundtable and panel discussions to delve further into trends and developments, whilst advocating the value of Jersey’s offering to the Asian market.

Pictured: Elliot Refson (left) and Yiow Chong Tan (right) were in Singapore and Malaysia on behalf of Jersey Finance. 

The series began with an event entitled ‘Spotlight on Funds: Recent Trends in Virtual Assets’, hosted in partnership with KPMG in Singapore.

Neil Synott, Chief Commercial Officer APAC at IQ-EQ, highlighted the role played by Jersey service providers using Jersey Private Funds, followed by a roundtable discussion with Asia-based specialists.

In Malaysia, the Jersey Finance team partnered with Azimuth Global Partners and Trowers & Hamlins to emphasise the effectiveness of using Jersey structures when investing.

In Singapore, staff showcased the growing demand for the tokenisation of real assets, whilst highlighting Jersey’s expertise in this field.

Mr Refson said: ”This was an opportunity to drive home Jersey’s potential as a jurisdiction of choice for corporate clients, managers and international investors in the region.

"These events were also an opportunity to support our refreshed South East Asia strategy and were designed to strengthen relationships across the region where there is significant competition and to show we are ideally positioned as a stable, robustly regulated, yet innovative IFC."

Research from the Centre for Economics and Business found that £46 billion of Asia's GDP is intermediated through Jersey every year, supporting millions of jobs in the region. Only last year Jersey Finance enhanced its presence in Singapore.