Further to its work in developing technology and helping facilitate prosperity, the Guernsey Financial Services Commission has announced three new appointments.
Conor Osborough has been appointed as Head of the Commission’s Technology Innovation Unit which focuses on ensuring that the Commission is developing and using newer technologies such as AI internally to maximise effectiveness and efficiency.
Liam Cunningham has been appointed as Head of the Commission’s Technology Supervision Unit which focuses on ensuring that the Commission has the right skills to understand appropriately the newer technologies and cyber defences employed by the firms it regulates.
Nick Herquin has been appointed as Head of International Co-operation and Economic Enhancement. He will be focused on ensuring that the Commission is making the most of international information which flows to it from other regulatory bodies, working alongside Kevin Bown, Deputy Director, Intelligence. He will also undertake work on other jurisdictions’ regulatory positioning – seeking best practice – thereby helping ensure Guernsey’s regulations remain appropriately optimised taking into account the explicit national competitiveness objectives recently given to several other noteworthy financial services regulators.
These appointments relate to current Commission officers who, in addition to these new responsibilities, continue to be Deputy Directors in, respectively the Risk and Operations Division, the Banking and Insurance Division and the Financial Crime Division.
Commenting on these appointments the Director General William Mason noted: “Now that the rigorous MONEYVAL assessment is over the Commission has made these appointments, alongside its appointment of Michelle Pettinger as Head of Information Technology in 2024, to ensure that it is well-equipped to take advantage of the revolution in AI and associated technologies. They are also designed to signal our commitment to the Bailiwick having sensible and usable regulations which match best practice in other significant international finance centres.”
Pictured: Conor Osborough, Nick Herquin and Liam Cunningham
