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First tenant announced for new Jersey finance centre

UBS has agreed to move to the premises, once the development is complete. Earlier this week an appeal was launched against the development.

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UBS expects finance centre move in '18 months'

The planned finance centre. Credit: ITV News

UBS do not intend to get involved in the politics of the move to Jersey's new international finance centre, and are aware of the controversy surrounding it.

Tom Hill, from the company, expects them to complete the move in around 18 months:

As far as we are aware the planning process has been observed. The appropriate debate has taken place. We don't know the timescale yet, it hasn't been agreed but I would say around 18 months. We don't expect it to take five years.

We have got two offices in St Helier right now. They are old and inconvenient to work in. We need a new place."

– Tom Hill, UBS

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