Yumei Zhang has joined Jersey Finance as business development director, Greater China, based in Hong Kong. A Chinese national, she joins from the Louvre Group, a Guernsey-headquartered fiduciary and fund services provider, most recently heading up their Hong Kong office. Her career has included academic, regulatory, fiduciary and, most recently, business development roles.
Jersey Finance has established a Launchpad presence in Shanghai in conjunction with the China Britain Business Council (CBBC), appointing Garry Zhao as project manager. He joins from the treasury team at Fosun Group, a large Chinese corporate, having previously worked at the Oversea Chinese Banking Corporation (OCBC) and brings a comprehensive understanding of Chinese business to Jersey Finance's activities.
The Launchpad arrangement with the CBBC provides Jersey Finance with a permanent platform for business development activity in mainland China, helping to widen its network of professional services and financial institution contacts, improve awareness of Jersey among institutional investors and strengthen governmental and regulatory links.
Geoff Cook, CEO, Jersey Finance, said: "With our new team in place, we are in a strong position to be able to step-up our programme across Greater China, and deliver the inaugural Jersey Finance Asia Road-Show in November in key jurisdictions Hong Kong, Kuala Lumpur and Singapore to build stronger awareness and differentiation. There are many risks that Asian professionals face when choosing to invest outside of China, such as that country's ability to meet international standards, the quality of its legal and regulatory framework, and its integration with international markets all key issues. As an international finance centre, Jersey is extremely well placed in all these areas and, as a result, we are seeing Jersey fund and corporate vehicles becoming increasingly attractive for outbound Chinese investments, the listing of equity and dim sum bonds and the structuring of offshore renminbi products."
