Jersey, first for South African Wealth Management

As Africa becomes increasingly economically and politically strategic in our fast changing world, the unbounded opportunities on the continent have led to increased prosperity and wealth. This is particularly so for

South Africa, which is a key hub for the opportunities on the continent, with its deep financial services sector and developed city infrastructure and air links.

Here in Jersey, we are proud of our longstanding relationship with South Africa. Over the past 30 years we have been helping ultra high net worth families diversify their investments, to ensure capital preservation and effective estate and succession planning. We are a specialist centre for supporting wealth management in South Africa, and also find that many South

Africans who are internationally mobile have also made a home in Jersey.

We are seeing more and more that as people become more prosperous, they want to give back. Our recent work complements the increased emphasis on sustainable and impact investing, and we have specialist expertise in philanthropy and environmental social and governance (ESG) frameworks. Further, our recent global value chains research report shows that Jersey’s deep financial services expertise, its respected regulatory framework and its robust legal system mean that our Island is a key location for pooling capital and for facilitating international trade and economic activity. Jersey’s global economic footprint and its contribution to global value chains (GVCs) supported £170.3 billion of global GDP on average each year during the period studied, of which £6bn flowed to Africa. I am positive that we will see an increase in such activity and a continued strengthening in our relationships in

South Africa and the wider continent.