The Jersey Financial Services Commission announced yesterday that John Harris has been appointed to succeed David Carse as the next Director General of the island's financial industry regulator.
John Harris is currently Director – International Finance in the Chief Minister’s Department of the States of Jersey. In this role he has advised the Chief Minister, the Minister for Economic Development and the Treasury Minister on a wide range of matters including legislation and policy impacting on the regulation and the development of the finance industry where the approval of Ministers and/or the States is required. Prior to his appointment to that position in 2002 he was Chief Executive Officer for NatWest Offshore.
Harris has been responsible for all aspects of the Island’s recent approach to the development and maintenance of Jersey’s successful financial services industry. These include the development of the government's financial services strategy, fiscal strategy and education strategy; international relations, including OECD and EU tax initiatives; new legislation to support the finance industry; liaison between government, the JFSC and the finance industry; and acting as a domestic and international representative of for the Jersey government on finance industry matters.
“We are delighted to be able to make this appointment," stated Commission Chairman, Colin Powell.
He continued:
"We are facing a period of consolidation of regulatory legislation and practice with particular emphasis on the most effective management of the Commission’s resources while continuing to deliver effective supervision of the finance industry to international standards. John comes to us with considerable management experience combined with extensive industry and public policy experience relevant to the role of the Commission.
“Working with the existing strong team of executives in the Commission we are confident that John brings to the Commission skills and experience ideally suited to the key tasks before us in the years ahead.
“We are also confident that he will build on the legacy to be left by his predecessor and maintain the existing good relationship the Commission has with the Island authorities, the finance industry and the international community."
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