round the islandJ.P.Morgan Asset Management has extended its sponsorship of the annual Round The Island Race up to and including 2016.

Organisers the Island Sailing Club (ISC) in Cowes made the announcement today (Wednesday). The Round the Island Race was first held in 1931. The modern-day event, which takes place in June, attracts more than 1000 boats and comprises a 50 nautical mile course around the Isle of Wight. Today’s sponsorship announcement was made at the London Boat Show, on the J.P. Morgan BAR AC45 stand, exhibiting the boat that broke the Race Multihull record last year. Jasper Berens, Head of UK Funds Business at J.P. Morgan Asset Management, said:

J.P. Morgan’s involvement in sailing continues to be thoroughly rewarding, not just in terms of our brand but also in helping us connect with our existing and potential clients. To be involved in an event like the Round the Island Race, organised by the Island Sailing Club, with the best sailors in the world competing alongside amateurs is an honour and we hope our support can make the event a great success.

RTIRJohn Dudley, Commodore of the Island Sailing Club, with Sir Ben Ainslie at the London Boat Show. Photo: onEdition. In response, the Commodore of the ISC, John Dudley, speaking on behalf of the entire Race management team said:

This Race, the largest of its kind in the world, continues to evolve under the ISC’s stewardship. However, with J.P. Morgan Asset Management, we have been fortunate to work hand in hand with a Title Sponsor and our Race Partners who fully support and help us launch new initiatives. Over the past nine years of J.P. Morgan’s sponsorship, the Round the Island Race has developed beyond everyone’s expectations with new technological initiatives being introduced, alongside fundamental improvements such as the provision of free water taxis to ferry competitors from berth to boat and back. We have also been fortunate to enjoy hosting Sir Ben Ainslie, also sponsored by J.P. Morgan, and the Race media coverage has broadened as a result. We enjoy working with J.P. Morgan’s team for the benefit of everyone associated with the Race.

Entries are already being accepted and the first was Simon King’s Aurora, a Jeanneau 36i. Round The Island Race 2014 takes place on Saturday 21 June and early bird entry closes online at midnight on 1 February, after which the standard entry fee applies until midnight on 7 June. The Official Charity for 2014 is the Ellen MacArthur Cancer Trust.