Gibraltar FSC appoints head of prudential

The Gibraltar Financial Services Commission (FSC) has appointed Joe Perdoni as head of prudential.

He succeeds Mike Oliver, the FSC’s senior insurance lead, who is set to retire by the end of 2014.

Perdoni brings over 20 years of insurance sector experience to the role. He began his career at Lloyd's and has since worked in senior roles within the insurance sector including having responsibility in compliance, risk management and internal audit in licensed firms.

Samantha Barrass, FSC chief executive officer, said: "I am very pleased to welcome Joe to the FSC. Joe brings an enormous wealth of experience to the work of the FSC at a particularly important time when we are working closely with the insurance industry to implement Solvency II, against a backdrop of likely further growth in the depth and breadth of the insurance sector. Joe’s contribution will be invaluable to our continued development, building on the excellent foundations established by Mike and his team."

Perdoni said: "I am delighted to be joining the FSC and I am looking forward to working with Samantha and the team to further develop and enhance the FSC’s regulatory approach and Gibraltar’s attractiveness to financial services firms."