Promotional body Jersey Finance has formally launched its presence in Singapore.
The official launch follows on from the appointment of Yiow Chong Tan as business development director in Singapore at the end of last year.
With extensive business and corporate finance experience in the Asian markets, Yiow will play a key role in delivering Jersey Finance’s south east Asia strategy, working closely with Shanghai-based Maria McDermott, business development consultant at Jersey Finance.
Having built a strong reputation within the greater China region since 2005, and having opened an office in Hong Kong in 2009, Jersey Finance has cited Singapore as a key complementary hub that can help further extend the global reach of Jersey’s financial services industry and bring its corporate, private wealth and alternative funds proposition to key growth markets across the region.
Joe Moynihan, chief executive of Jersey Finance, said: “A key part of our global markets strategy is to diversify our international connectivity as an international finance centre (IFC), and our refreshed south east Asia strategy is a critical part of that. Our new presence in Singapore will both complement the existing profile we have built up over many years through Hong Kong and also strengthen relationships in other markets in the region where we feel we have a really strong story to tell – supporting both inbound and outbound investor capital.
“Critically, we see Singapore and Jersey as natural partners and believe that Jersey can play a really positive role within the region too, supporting Singapore’s own ambitions. Both Jersey and Singapore have successfully created a specialist proposition for international investors built on high standards, a framework of internationally endorsed regulatory standards and a passionate belief in the value of global connectivity.”
