The Guernsey Financial Services Commission has elected John Aspden as its Vice-Chairman in the wake of the sad death of its previous Vice-Chairman, Baroness Couttie.
John (pictured) is also Chairman of the Group of International Finance Centre Supervisors and co-chairs the Basel Consultative Group, and was made an MBE for his work in financial services. He was Chief Executive of the Financial Supervision Commission in the Isle of Man from 1998 to 2015, where he was responsible for the regulation and supervision of all banking, securities and funds, trusts and companies, and money transmission activities.
Prior to taking up his role in the Isle of Man, John held senior roles in the private sector including being Managing Director of Matheson InvestNet Ltd, at the time Hong Kong’s largest independent distributor of, and adviser on, collective investments for retail investors.
John has also held the role of Deputy General Manager of the International Bank of Asia Ltd and has worked in banking supervision at the Bank of England and at the Office of the Commissioner of Banking in Hong Kong, now HKMA.
Speaking about the appointment, Commission Chairman, Julian Winser, said: “I am delighted that John has been elected as the Commission’s new Vice-Chairman. John has made an important contribution to the work of the Commission, in particular, as Chairman of the Commission’s Audit and Risk Committee and it is fitting that he has now become Vice-Chairman.”