JPMorgan establishes private equity presence on Jersey
by Richard Kilner
JPMorgan Private Equity Fund Services has expanded to the Channel Islands, establishing a presence upon Jersey from which to service existing and future offshore clients.
It is the latest move in JPMorgan’s drive for international expansion, and will allow the firm to offer full service administration to private equity and institutional limited partners located in Europe.
There are few competitors able to provide equal services in both the UK and Channel Islands, with foreign exchange, tax support services and a comprehensive range of banking services available.
The island is a strong location for European private equity, with assets under management (including those of real estate funds) of around $100bn.
JPMorgan’s EMEA private equity chief, Huw Jones, has described the move as a major step forward for the firm in Europe.
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