Senior Chinese Banking Delegation visits Jersey to learn about Offshore Marketplace

30 October 2007

Contact: Sari Cuming, Marketing Manager, sari.cuming@db.com

Source: Deutsche Bank International Limited

Location: Channel Islands

A delegation of senior Chinese bankers visited Jersey this week, in order to find out more about the financial services industry in the Island.

The ten-strong group included senior executives of the China Merchants Bank (CMB), one of the largest and best performing banking institutions in the country. Through this visit to Jersey, the delegation was looking to learn more about how global banks based in Jersey manage their private wealth management and corporate offshore banking businesses.

The group was led by Mr Zhang Guang Hua, Executive Vice President of the CMB. He was being supported by a number of the Bank’s business and branch heads and a representative of the China Banking Regulatory Commission, the Chinese regulator.

The familiarisation visit was facilitated by Deutsche Bank, which has a good relationship with the CMB through the Cash Management Financial Institutions team in China.

During the day-long visit, senior Deutsche Bank staff, including Andreas Tautscher, Chief Operating Officer, Deutsche Bank Offshore Group, Ed Fletcher, Head for the Netherlands and Jersey Corporate Services businesses and Brian Conway, Head of Trust Administration, gave presentations to the delegation focusing on the type of business that Deutsche Bank does in Jersey and the opportunities that the Island offers for the banking sector.

Robert Kirkby, Technical Director at Jersey Finance also provided the delegates with an introduction to the Island’s Finance Industry, whilst the Jersey Financial Services Commission offered a regulatory update.

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