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Isle of Man named ‘Best International Finance Centre 2018’

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Issue date November 2018

The Isle of Man’s financial services industry was a clear winner at the International Investment, International Fund and Product Awards 2018 in London last month.

The Isle of Man was named ‘Best International Finance Centre’ on an evening which also saw six Isle of Man based companies: Canada Life International, Nedbank Private Wealth, Old Mutual International, RL360, Utmost Wealth Solutions and Zurich International Corporate Solutions collect awards including, ‘Best International Platform,’ ‘Best International Life Group’ and ‘Best International Pension Plan.’

A further five Isle of Man based companies: Boal & Co, Canaccord Genuity Wealth Management Limited, Capital International Group, Hansard International and Standard Bank Wealth International were all Highly Commended.

Lawrie Hooper MHK, Member with responsibility for Finance Isle of Man, commented:

‘This is fantastic recognition for our financial services industry. The award for Best International Finance Centre reflects the hard work of the Department and Finance Isle of Man team who have been working with industry to create an environment that allows businesses to thrive and flourish and make the Isle of Man a great place to do business.

‘I’d like to congratulate all of the Isle of Man winners and those who were Highly Commended. The award reinforces the Department’s commitment to promoting the Isle of Man’s financial services offering and to diversifying our financial services economy. Industry and Government continue to work together to understand, support and contribute to the quality and professionalism of our financial services sector.’

Simon Pickering, Head of Pensions and Insurance, Finance Isle of Man, collected the award and commented:

‘I’m delighted that the Isle of Man has been recognised for its continued drive for excellence, fending off strong competition from Jersey and Guernsey to gain the award. Financial and professional services are the bedrock of the Isle of Man’s economy in terms of National Income and employment.

‘The award for Best International Finance Centre and the widespread success for Isle of Man based businesses shows us to be a dynamic and diversified financial centre, a well regulated international business partner and an incubator for innovation.’

Sean Christian, Managing Director of Canada Life International, and one of the winners on the night commented:

‘We are delighted to once again be recognised as the leading International life group serving the UK market, an award we have won for 5 of the last 6 years.  The award is recognition of the efforts of the entire team in delivering a transformation programme over the last few years which focused on structuring our entire business around our customer and adviser needs.  Beyond our own success it was also pleasing to see so many other Isle of Man based companies winning awards which clearly demonstrates the strength and depth of the Island as the leading international finance centre.’

Now in their 19th year, the awards honour firms in the financial services industry offering products and services across borders. There were a large number of entries to this year’s awards from a wide range of companies.

END.

 

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