Mumbai : Jersey Finance has established a dedicated business development team in India ahead of the official launch of its representative office in Mumbai this month (15th March).

Business Development Representatives Kapil Dua, based in Delhi, and Jyoti Tathgur, based in Mumbai, will both report to Sean Costello, Jersey Finance Limited’s newly appointed Head of Business Development for India.

In their new roles, the team will be responsible for representing Jersey’s finance industry in India and building on the links Jersey Finance has established with industry leaders, business introducers, public officials and regulators in the country.

Kapil Dua, a qualified Chartered Accountant, has over nine years’ experience of business strategy and market entry. Having spent five years as corporate advisor and research analyst for foreign investors entering the Indian real estate, healthcare and hotel market, Kapil has widespread international experience of establishing businesses in Hong Kong, Singapore, Germany and the UK. Having been Head of Business Services of the UK India Business Council, Kapil has successfully handled high-level delegations of British businesses entering the Indian market across a wide industry spectrum.

Jyoti Tathgur is a sales and marketing professional with international experience. After graduating in Economics from India, she completed a postgraduate degree in Australia, where she stayed to work for a marketing firm. After returning to India, Jyoti worked in a sales consultancy role for a software business, which included developing business with European, Middle East and African markets and working for a period in Dubai. Jyoti was most recently an Inward Investment Manager for International Business Wales.

Sean will also act as Jersey Finance’s Head of Business Development for the Gulf Cooperation Council (GCC), overseeing their new office in Abu Dhabi, also due to be officially opened this month (20th March).

With more than 13 year’s experience in marketing and business development in the UK and internationally, Sean was most recently Business Development Director for PwC’s global Sovereign Wealth Fund clients, headquartered in Abu Dhabi, Sean spent his early career as a history teacher and British Army officer. He then moved into public relations, taking on a senior management role with Deloitte UK before becoming Head of Marketing and Business Development for PwC in their Northern region. Sean is a Chartered Marketer, a Member of the Chartered Institute of Public Relations and a Business Leader of the Marketing Society (UK). He holds a Masters Degree from the University of London and postgraduate teaching qualification from Durham University.

Jersey, with its 50 year old finance industry, has consistently been recognised as a mature and well regulated jurisdiction by respected bodies including the IMF, OECD and the UK Government, and has proven on numerous occasions that it meets or exceeds all of the relevant international standards for financial stability and transparency expected from the world’s leading financial centres. In addition, Jersey is fully compliant with the 3rd EU Anti-Money Laundering Directive and committed to all guidelines aimed at countering the financing of terrorism.

Geoff Cook, Chief Executive of Jersey Finance, commented: “I am delighted to welcome Kapil, Jyoti and Sean to the team at Jersey Finance. Their appointments are exciting developments for us and a further reflection of Jersey’s wider commitment to cementing relationships with key international markets.

“In recent months we have seen growing interest from India in the capabilities of Jersey’s finance industry, particularly our wealth management, corporate, banking and funds businesses. Complementing our Abu Dhabi office, the experience and regional knowledge of our on-the-ground team in India will be vital as we look to capitalise on our success so far and build Jersey’s positive links with key contacts in India this year.”