The Jersey Funds Association (JFA) has elected its new committee for the coming year, as it continues to champion Jersey as an ecosystem for alternative funds.
Elected at the JFA’s recent annual general meeting, Tim Morgan (Partner, Mourant) remains Chairman and Michael Johnson (Group Head of Fund Services, Crestbridge) remains as Vice Chairman.
The committee now includes:
• Richard Anthony, Aztec Group
• Mike Byrne, PwC Channel Islands
• Steve Cartwright, Bedell Cristin
• Ben Dixon, Systematica Investments
• Mark Grenyer, Jersey Trust Company
• Ben Honeywood, KPMG
• Niamh Lalor, Ogier
• Dilmun Leach, Collas Crill
• Chris Marshall, Langham Hall
• Robert Milner, Carey Olsen
• Simon Page, Hawksford
• Martin Paul, Bedell Cristin
• Tom Powell, Alnitak Advisors
• Eliot Refson, Jersey Finance
• Peter Rioda, NED
• Ben Robins, Mourant
• Martin Rowley, Deloitte
• Sarah Sandiford, Deloitte
• Jenny Swan, JP Morgan Chase Bank
At the AGM, Tim Morgan (pictured) said: “Jersey's funds industry operates in a fast-evolving environment, with the ongoing economic and social implications of the coronavirus pandemic being absorbed by a market that was already seeking to adjust to the political uncertainties relating to the UK's Brexit process.
“The pandemic is affecting asset classes and sectors in very different ways, but for Jersey the essential positive message remains that we offer a platform of stability in a rapidly changing market. This is a message that the new-look JFA committee will continue to champion over the coming year.”
Tim added: “A trend away from widely held blind pool structures and towards more narrowly held joint venture and co-investment vehicles appears to be continuing, particularly in the private equity, real estate and adjacent sectors. The Jersey Private Fund regime continues to provide a popular solution in this space.
“In addition, the trend of inward migration by substance managers, particularly in the hedge fund but also more recently in the private equity and venture capital space, continues, and Jersey is an increasingly important hub for managers with a substantive local presence.
“Meanwhile, as the market develops further through the process of Brexit, and as EU regulation continues to build, we anticipate increasing opportunities in Jersey for a wide variety of asset classes, transaction structures and investor bases.”