10 Sep Gibraltar: A Gateway to Europe for Asian Fund Managers
In the first week of September, Jay Gomez, an associate in Triay & Triay’s Financial Services department, represented the firm as part of a delegation from Gibraltar in Hong Kong, led by Financial Service’s Minister, Albert Isola.
The Minister hosted a lunch at the Landmark Mandarin Oriental Hotel in the centre of Hong Kong’s business district, which was attended by some 60 fund managers and service providers based in Hong Kong and also presented at Hedge Funds World Asia 2014. As Minister Isola pointed out to the guests, Gibraltar is perfectly situated to act as a gateway to the EU single market for funds, asset managers and financial services entities looking to market to investors and undertake business within the EU.
The Minister also touched on the importance of compliance with international laws and emphasised Gibraltar’s capacity to provide a first class service on all legal and regulatory issues in the European financial markets and beyond. The Gibraltar delegation also held a number of bilateral meetings with Hong Kong law firms, accountancy professionals specialising in funds and public bodies.
The Minister was accompanied by Finance Centre Director, James Tipping, Gibraltar Finance senior executive Philip Canessa and Jason Cruz, who is Gibraltar’s representative in Hong Kong.
As summarised by Minister Isola, the visit to Hong Kong is an “example of Government and industry working in a true spirit of partnership” and Triay & Triay believes that this sets Gibraltar apart from many other EU jurisdictions and is particularly attractive when considering a jurisdiction which is business-friendly and regulated in a pragmatic manner.
As a firm with considerable expertise in funds and asset management, Triay & Triay is well placed to discuss Gibraltar/EU regulatory matters with Asian fund managers. Jay is also a member of the Gibraltar Financial Services Commission’s Funds Panel, a body created for the purpose of acting as a first point of consultation with the industry.