Mourant Partner elected as Chair of Jersey Funds Association
08 July 2019
Leading funds lawyer and Mourant partner, Tim Morgan, has been elected as the new Chair of the Jersey Funds Association (JFA) which represents Jersey’s funds industry.
Tim, who has practised in Jersey since 2003 advising promoters, investors, boards, regulators and service providers across asset classes including private equity, credit, real estate, hedge and liquid securities will serve for a three year term leading the JFA Committee which is constituted with elected representatives from across the jurisdiction's funds industry. He replaces former Chair Mike Byrne, who has been at the helm of the JFA for the last three years and was thanked at the AGM for his hard work on behalf of Jersey’s funds industry.
Following his election to the role of JFA Chair, Tim said: “I'm very honoured to be taking up the mantle from Mike who has been a dynamic and significant leader in his term as Chair. I’m looking forward to working with the committee and stakeholders on and off-island as the JFA looks to support the ongoing success of our industry.”
"My appointment is underpinned by a continuing, deep commitment to and support of the local funds industry by Mourant, and sits alongside additional commitment through the role that Joel Hernandez undertakes as a member of the JFA technical and technical sub-committee, and Ali Horn on the JFA marketing subcommittee."
"Jersey’s funds industry operates in an increasingly complex market, but it is an environment that Jersey thrives in and as a firm we feel a significant responsibility in ensuring we play a role in continuing to keep momentum behind our growth and development as well as tackling challenges to our industry including our commitment to governance and international standards."
Figures for Jersey’s funds industry show that, at the end of 2018, the net asset value of funds administered in Jersey rose to £320bn, the highest level ever recorded, with alternatives, including private equity, real estate, hedge, infrastructure and private debt funds, now representing 86% of that business.
An active trade association representing companies with Jersey offices operating in the funds sector, the JFA has over 100 members, including organisations spanning from niche independent Jersey-owned companies to global leaders.