Guernsey Finance has appointed Guernsey’s former Chief Minister Deputy Lyndon Trott, Commerce & Employment Chief Officer Jason Moriarty and its Chief Executive Fiona Le Poidevin to the Board.
The appointments follow the announcement that Mike Brown, Chief Executive of the States of Guernsey who was a founding Director of Guernsey Finance, would be stepping down from his post next year. Jarrod Cowley-Grimmond has also left the Guernsey Finance Board after departing from his role as the States of Guernsey’s Director of Finance Sector Development to return to Australia. Fiona Le Poidevin has joined the Board in order to improve the cohesion of Guernsey Finance and in recognition of her significant contribution to its activities since she was appointed as Chief Executive last year.
Mr Brown and Mr Cowley-Grimmond have been replaced by Deputy Trott and Mr Moriarty. Miss Le Poidevin is an additional appointment to strengthen the Board.
Deputy Lyndon Trott is a former Treasury & Resources Minister and was Chief Minister of Guernsey from 2008 to 2012. Additionally, he has a wealth of experience in the finance sector in the UK and emerging markets, and is currently a non-executive director of several companies, undertaking a diverse range of financial services including banking, fiduciary and fund administration.
Mr Moriarty has been the Chief Officer of Commerce & Employment since September 2012 and is the former Director of Marketing and Tourism in Guernsey. He has a long and successful track record in marketing Guernsey to other jurisdictions – not just as a tourist destination, but as a place to do business.
Miss Le Poidevin has been the Chief Executive of Guernsey Finance since July 2012. Fiona is a Chartered Accountant and has a wealth of senior experience in financial services in both the UK and Guernsey.
Jim Gilligan, Chairman of Guernsey Finance, said: “The Board is extremely grateful for everything that Mike, one of the architects of Guernsey Finance, and Jarrod have done. The appointment of Lyndon and Jason to the Board will bring significant additional experience and expertise to the table and will provide great support for Fiona and her team on relationship-building, promotion and marketing in our most important markets. Fiona’s appointment to the Board is a testament to her contribution over the two and a half years and will strengthen its cohesion.”
Deputy Kevin Stewart, Minister for Commerce & Employment and a Board Member of Guernsey Finance, said: “Jason and Lyndon’s knowledge and experience will be extremely useful at a time when the challenges and opportunities for our finance sector are perhaps greater than ever. I have worked closely with both of them in recent months, and I know that they will provide insights and expertise to support Fiona and her team.
“Lyndon’s appointment means that Guernsey Finance now has great international relations experience at its disposal, and I am pleased that he has agreed to bring that expertise to bear in support of the Island’s economic interest. As a current Deputy, Lyndon’s appointment to the Board will provide an important conduit between the States and Guernsey Finance in advance of the December States meeting, at which potential funding for Guernsey Finance from the States Strategic Development Fund will be debated.
“I also have the benefit of working with Jason at Commerce & Employment, where he is my Chief Officer. He is forward-thinking, positive and an excellent communicator and I am delighted he is taking up this Board position.”
Mr Gilligan added: “I, together with Peter Mills and Dominic Wheatley as the existing finance industry members of the Board, am delighted to welcome Lyndon, Jason and Fiona to the Board. These appointments demonstrate that Guernsey Finance means business.”