Jersey ranks high as haven for "mobile wealthy"

Offshore private banking centre Jersey has scored high marks in a new standard of living index.

Business strategy advisor Scorpio Partnership ranked the island sixth on its worldwide list, which gauged the attractiveness of living in various popular financial districts for the ’international mobile wealthy individual’.

This means that Jersey beat out other major centres, including Monaco, Dubai and the Cayman Islands.

Switzerland topped the private banking services list, with London in second place and Singapore rounding out the top three.

The best private banking centres were rated and ranked on considerations including local tax regimes, business opportunities, quality of housing and security.

Scorpio Partnership commented: ’In today’s economic environment, where wealth, taxation and the offshore environs are seemingly etched into every discussion in the wealth management industry, in the UK and beyond, the Scorpio team has pooled the collective knowledge and thoughts of the advisory community to measure where the mobile wealthy judge to be the best jurisdictions to meet their wide ranging demands.’

It added: ’The majority of the mobile wealthy are professionals such as doctors and dentists, architects, lawyers, accountants, entrepreneurs and financial services executives.’ ADNFCR-2318-ID-19205231-ADNFCR