New chairman for Jersey Funds Association 21 July 2016Jersey Reporter: Stephanie Palmer
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The Jersey Funds Association has appointed Mike Byrne as its new chairman.
Byrne, a partner at PwC Channel Islands, replaces Ben Robins, who has held the chair position for three years. Tim Morgan, partner at Mourant Ozannes, will stay on to serve a second term as vice chair.
The appointment was made at the association’s annual general meeting on 1 July.
Byrne has worked for PwC for over 15 years, and brings significant experience in private equity and hedge funds. He also spent two years in Singapore, leading development of PwC’s alternative fund services.
Byrne said: “It is certainly an interesting time to take over as chairman of the Jersey Funds Association. Against the backdrop of some significant political and economic shifts in Europe and the US, I feel Jersey is in a strong position given its relative regulatory and political stability and certainty.”
“The industry has been on the front foot in developing legislation to keep us ahead of the game, whilst we continue to be recognised globally as a jurisdiction of expertise, substance and world class regulatory standards."
In Q1 2016, the net asset value of funds administered in Jersey reached £228.4 billion, with alternative asset classes representing more than 70 percent of this.
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