The Citywealth International Financial Centre Awards took place this week at Lord’s Cricket Ground in London, bringing together nearly two hundred of the world's top wealth advisors and private client experts. A kilted bagpiper gave the evening a hint of Scottish flavour in celebration of Burns Night, while rugby star Austin Healey acted as host for the event.
Gold, silver and bronze awards were handed out in the IFC of the Year category, while winners and runners up in the other twenty-four categories were announced. They were voted by an international panel of highly respected practitioners from all sectors and included Sian Steele, tax partner, PwC and Frank Strachan of law firm, Edwin Coe. All judges have experience of working with advisors and managers in all the jurisdictions featured.
It seems that Jersey is now firmly established as the top financial centre, having scooped Gold award for the fifth year running in the International Financial Centre of the Year category, while Guernsey carried off the silver and Singapore the bronze award. Jersey, who have thirty international tax exchange agreements with countries which include France, Germany, Canada and Switzerland, have demonstrated pro-active management of their jurisdiction in helping end tax non compliance.
Karen Jones, editor and CEO of Citywealth said of the winners “Congratulations to all the award winners. Our process of submissions reviewed by industry peers and the online popular vote has become the gold standard for the wealth industry. It enables charities, UHNW and entrepreneurs to select the best managers and advisors to take care of their public or private assets. Winners have proven that they can give advice that is favourable to their clients but is also in step with global public thinking.”
Citywealth further validates compliant advisors and managers with its online leaders list directory – individuals must supply a reference of professional conduct and character from a peer, charity or client before they can be admitted to the directory. As example: Ashley Crossley, Head Wealth Management, Baker & McKenzie – his client said “ " Our choice of Ashley has primarily been driven by the international capability. He demonstrate not only excellent legal skills but an invaluable commercial understanding of their clients' needs and the ability to find practical and innovative solutions to complex tax and trust issues."
Money was raised during the evening for Lords Taverners, UK’s leading sports charity that gives disabled young people a sporting chance.