19 November 2015Actuarial & underwriting

Former chief minister appointed as Guernsey Finance chair

Guernsey Finance, the promotional agency for the island's industry, has revealed that Lyndon Trott will be appointed as its chairman.

Trott, who will take up the role from December 1, will replace Jim Gilligan, who is retiring as chairman having held the position since 2006.

Elected as Guernsey’s first treasury minister in 2004, Trott progressed to become the jurisdiction’s youngest and longest-serving chief minister to date in 2008, a position he held until 2012.

“I am delighted to have been invited by the States of Guernsey and the Guernsey International Business Association (GIBA) to support the promotion of Guernsey’s finance sector in this way,” said Trott.

“Guernsey has a very strong offer – quality, stability, expertise and substance. Our banking sector remains strong, we’re a world leader in insurance and trusts and we have a powerful funds sector that drives investment into the UK and Europe.

“Guernsey is a genuine centre of excellence but we are not complacent – it’s a competitive world, and Guernsey will stay competitive and sharpen its elbows to make sure we keep attracting world-class business to the Island. Guernsey is very much open for business.”

Dominic Wheatley, Guernsey Finance chief executive, added: “The executive team at Guernsey Finance have highly valued Jim's support and input over his nine years as chairman.

“Jim's deep understanding of finance business, both local and international, and his accumulated business wisdom and thoughtful advice have been great assets and will be missed. I would like to record the grateful thanks of the whole Guernsey Finance team, past and present, to Jim and offer him our best wishes for the future.

“We now look forward to Lyndon carrying on Jim’s outstanding work as chairman and we are excited by the financial, political and international experience he brings to the role.”