21/07/22

JERSEY: Funds Association names new chair.

As published on funds-europe.com, Thursday 21 July, 2022.

The Jersey Funds Association (JFA) has named Michael Johnson as its new chairman following the association’s annual general meeting on 8 July.

Johnson, who is Crestbridge’s group head of institutional services, is taking on the role as outgoing chairman Tim Morgan completes his three-year tenure.

Johnson will be joined by Joel Hernandez who is taking on the role of vice chairman. Hernandez is a partner at law firm Mourant.

New additions to the JFA’s committee include Robin Wilson, Sophie Reguengo, Stephanie Hopkins, Clive Spears and John Riva.

The JFA has added the new committee names as it continues to push Jersey as a home for alternative funds.

Outgoing chairman Morgan, who is a partner at the Maples, commented: “Jersey's funds industry continues to operate in a fast-evolving market, with regulatory, economic and geopolitical uncertainty continuing to pose challenges – but the fact that Jersey’s funds industry succeeded in reaching new record highs of assets under administration in 2022 and in each of the past three years speaks volumes about the appeal of Jersey’s platform of stability.”

Looking forward, incoming chairman Johnson said there was “plenty for Jersey to be positive about” considering the growth rate and that many managers were continuing to look at Jersey to support their cross-border needs.

“Private equity, venture capital and real assets are at the heart of global economic rebuilding efforts, and we have precisely the experience and platform here to support that and make a positive impact.”