Barnaby Molloy has been appointed Acting Chief Executive of Guernsey Finance.
His appointment comes as Rupert Pleasant, who held the role since March 2020, resigned. His resignation follows an ongoing investigation into what the organisation describes as ‘recent events’.
Barnaby’s background is in marketing, with nearly 20 years’ international experience working across financial services and gaming.
Guernsey Finance is a joint government and industry initiative that is tasked with promoting and connecting Guernsey as an international finance centre in key markets.
Barnaby Molloy, said: “The alleged behaviour of the two individuals concerned falls significantly short of the standards we expect. Any conversations and actions were clearly intended to be private; the behaviour and opinions expressed do not reflect those of our organisation.
“We take reports relating to workplace conduct seriously. After the matter was brought to our attention, we acted quickly with good governance and in line with our legal obligations and HR policies, and the individuals are no longer employed by Guernsey Finance.
“This matter is undoubtedly embarrassing for the individuals involved, and we ask that their privacy and that of their families be respected. We also want to acknowledge our wider team and emphasise that this incident does not detract from the excellent work done by our organisation every day. An independent investigation is ongoing, and we will not be making any further comments.”
In a statement concerning Rupert Pleasant, Guernsey Finance said: “The Board is taking recent events extremely seriously. The matter was being investigated last week, and we can now confirm the resignation of Chief Executive, Rupert Pleasant.
“The Board can also confirm that it is working closely with relevant stakeholders whilst ensuring the well-being of its staff and operational continuity under Acting CEO Barnaby Molloy.
“As an independent investigation is ongoing, we are unable to provide further details.”
