The figure was cited by Jersey Finance chief executive Geoff Cook when, earlier this week, he addressed the Island branch of the Institute of Directors.
Mr Cook explained that industry representatives had made contributions to work on projects such as Jersey’s foundations law and the depositor compensation scheme which, in monetary terms, exceeded the value of the government grant to Jersey Finance.
He also outlined the extent of his organisation’s efforts in other areas, saying that, by the end of the year, it will have run 30 events, conferences and marketing visits which have involved nine countries on three continents.This amounts, in Mr Cook’s words, to a significant conference, seminar or other event every ten days.
