Finance Isle of Man announces new Non-Executive Board appointments

Finance Isle of Man, an Executive Agency for the Department for Enterprise, has appointed three new Non-Executive board members.

The new members are Claire Milne, Partner at Appleby and Non-Executive Director at Playtech and Zurich International, and Dougie Elliott, Director at Sovereign Trust and Chairman of the Association of Pension Scheme Providers. Anne Couper Woods, Director at Boston Multi Family Office will be representing the Association of Corporate Service Providers.

Continuing as Board Members for a second term are; Simon Nicholas, Partner at KPMG (Professional Services & Non-Life representative), Chris Till, CEO at Standard Bank Isle of Man (Isle of Man Banking Association representative), Mark Dougherty, Managing Director at DQ Advocates (Isle of Man Law Society representative), John Hockney, Director at Hockney Stevens  (Insurance and Pensions representative), Stuart Nelson, Director at Barclays (Isle of Man Chamber of Commerce representative), and Gill Marples, Director at Integralife International (Manx Insurance Association representative).

The board is made up of a combination of members nominated from trade bodies, together with a number of self-nominated members keen to contribute their expertise to strategic and policy issues. The Board is chaired by Sue Preskey, appointed at the end of 2020, accompanied by the Agency’s Chief Executive Michael Crowe, and political member Peter Greenhill, MLC.

Welcoming the appointments, Sue Preskey, Chair for Finance Isle of Man, said:

‘We are delighted with the amount of interest we received for the self-nominated positions and it is great to have a mixture of new and returning members joining us from the trade bodies. These positions represent an opportunity to contribute to and influence the future development of the Isle of Man’s Financial and Professional Services sector, the cornerstone of our economy.

‘It is an extremely exciting time for our members to be part of the strategic development of Finance Isle of Man, as we are currently working with industry partners to develop a number of interesting new propositions. One example is an Employee Benefits product to take advantage of our existing strength in this field. In addition, we are working to develop an innovative InsurTech ecosystem, building on the foundations of our internationally renowned insurance industry.’

Michael Crowe, CEO, Finance Isle of Man, commented:

‘Finance Isle of Man continues to support one of the Island’s largest economic sectors, Financial and Professional Services.

‘Our recently appointed members are passionate about the future of the finance sectors on the Island and with such an excellent array of talented, experienced and influential individuals on board, I am confident they will make a positive impact.’

Finance Isle of Man was established in 2018, to promote and develop the Isle of Man’s significant Financial and Professional Services industry and ensure its recognition as an international finance centre of excellence, as well as performing a key role as the primary conduit between Government and industry. Since its creation the Agency has worked closely with the Island’s Financial Services Authority and industry to support numerous legislative changes as well as promoting the Island in key jurisdictions.