Jersey emerges as a stable financial center despite COVID uncertainty

For decades the nine-mile wide Isle of Jersey has had to compete with larger locales such as the Cayman Islands and Bermuda as a hub for fund administration, but in the midst of a pandemic some key distinctions have now cemented its role as an international financial center (IFC).

Perhaps what is most surprising is that business has changed little on the tiny isle since the pandemic began.

“The reasons why Jersey was an attractive location pre-COVID are still very relevant,” said Joe Moynihan, CEO of Jersey Finance, a group that champions Jersey . . .

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