Jersey’s funds industry continues its sustained growth with a 22.8% increase in the value of fund assets serviced in the island at the end of June 2021.
The latest results from the Jersey Financial Services Commission report the net asset value of regulated funds under administration in Jersey stood at £440.1bn at the end of Q3 2021.
Marc Cleeve, Partner in Audit for Deloitte, commented: “I’m delighted to see Deloitte retain its position as the largest fund auditor by total fund assets. Deloitte has had consistently strong growth over the last five years and its expertise spans debt funds, private equity, real estate funds as well as the asset servicing businesses themselves. Our growth is driven by our fantastic people and Deloitte’s market-leading position is made possible through the quality of the services they deliver. This enables us to work with clients whose ability to continue to successfully raise capital in uncertain times goes from strength to strength.
“Our audit teams are entrusted to tailor agile working solutions that are the best for themselves, their teams and clients. Our dedicated professionals have responded to the trust shown with incredible passion and resilience to deliver for our clients in driving the quality of their audits. This is supported by investment in world class training and development of our teams and the technology we use to deliver the audit of the future.”
Deloitte’s tailored fund solutions are designed to help investment managers create, protect and realise value throughout the fund lifecycle as demonstrated by the continued success of its Debt Fund Services team winning the Alt Credit European Awards Best Audit Service for the past three years.
Deloitte in Jersey delivers audit, tax, financial and risk advisory and business consulting and transformation services to many businesses in the jurisdiction and beyond. Their approach combines insight and innovation from multiple disciplines, with business and industry knowledge, to help clients excel. Jersey is part of Deloitte’s Islands & Gibraltar team which offers a single audit and advisory offering across the four jurisdictions and is integrated with the wider Deloitte UK and North South Europe network.