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.
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