Deutsche Bank International - once again the largest administrator of Jersey domiciled funds.

Deutsche Bank International Limited is again the largest administrator of funds domiciled in Jersey with the largest market share for both funds under administration (US$ 12.1 billion) and funds under custody (US$ 11.9 billion) according to Fitzrovia's eighth annual "Jersey Fund Encyclopaedia."

Deutsche Bank International Limited also ranks second for serviced fund assets under custody (US$ 15.5 billion) and is the third largest administrator of all funds serviced on the Island (US$12.1 billion).

According to the latest research from Fitzrovia International, the fund industry in Jersey continues to grow, with all funds serviced on the Island increasing by over 14% in the twelve months to 30 June 2002, and now stand at US$ 91.0 billion (up from US$ 79.6 billion).

Russell Turner, Head of Fund Administration at Deutsche Bank, Jersey, comments:"These latest statistics from Fitzrovia International demonstrate the resilience of the Jersey Funds industry in achieving growth even in the face of the extreme stock market volatility seen in 2001/2002. We at Deutsche Bank are further encouraged by the consolidation of our position as the leading administrator of Jersey domiciled funds and the increase in our market share to nearly 25% of assets under administration in this category."

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