Standard Bank finds success in emerging markets

Peter Hart, managing director of Standard Bank Fund Administration Jersey, said the emerging markets were proving to be a major source of new business for the Jersey funds industry and the island should be promoting itself as much as possible in these markets. He said: “We are seeing considerable amounts of repeat business from institutional clients but no one alternative fund sector has dominated,” he said. “Particularly encouraging however is the amount of work originating from the emerging markets of the Gulf and Russia.” The Bank witnessed growth of more than 40% during 2005 and 2006 ...