News

New funds head says Jersey must be “brave” to keep growing

Tim_MorganTim Morgan, a partner at offshore law firm Mourant, is the newly elected chair of the Jersey Funds Association (JFA) as Mike Byrne steps down after three years.

Morgan (pictured) has advised promoters, investors and others on private equity, credit, real estate, hedge funds and liquid securities in Jersey since 2003.

He originally trained with Taylor Wessing in London and Brussels, before going on to practise as a corporate lawyer at PwC Legal and then at Dresdner Kleinwort Wasserstein in London and New York, advising on private equity sponsored transactions.

Morgan said that to maintain Jersey’s “sweet spot” as an alternative funds centre on the international stage, record levels of fund servicing business in recent months partly due to “big-ticket” fund launches, then JFA must be “brave, ambitious and clear about our capabilities as a jurisdiction that specialises in global fund structuring and distribution”.

The JFA has also appointed Michael Johnson as vice-chair.

At the end of 2018, the net asset value of funds administered in Jersey were £320 billion, the highest level ever recorded, with alternatives representing 86%.

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