He added that they will also work closely with the company Hong Kong office in order to strengthen its overall Chinese presence.
He said: ou don need a large office with lots of people to make a big impact; a lot can be achieved with a very small team.
He think it is important to expand internationally and embrace bank globally rather than staying in one particular area.
He have to work further afield and that is what we are doing, and hopefully this will help to funnel money into the UK economy."
He added that expansion is beneficial for both the UK and Jersey: e want to see a strong UK economy because that is good for Jersey as well and hopefully with this move into Shanghai, Jersey can act as a catalyst in strengthening relations between the US and UK economy.
He also said that the institution will add a new member to its Middle Eastern team in the near future.
Jersey Finance is a non-profit making organization formed in 2001 to represent and promote Jersey as an international financial centre.
It is funded by members of the local finance industry and the States of Jersey government, and currently has offices in Hong Kong and Abu Dhabi and representation in London, Mumbai and Delhi.
