Martin Moloney, Director General, is leaving the Jersey Financial Services Commission to take up the role of Secretary General of the International Organization of Securities Commissions (IOSCO).
Since joining the Jersey Financial Services Commission (JFSC) in February 2019, Martin has led the organisation through a significant period of change, set a comprehensive strategy, made substantial strides to strongly position the JFSC for the future, and navigated the Covid-19 crisis.
Mark Hoban, JFSC Chair commented: “This is an important international position that reflects well on the JFSC and the Island. It is a perfect role for Martin and, while the Board and I will be sad to see him leave, we recognise the unique and prestigious opportunity that he has been offered and we wish him all the very best for this exciting next chapter of his career. My fellow Commissioners and I thank Martin for his leadership and commitment, in particular for guiding the organisation through the challenges posed by the pandemic.”
Martin Moloney added: “My time at the JFSC has been an invaluable experience and I will greatly miss the organisation, my colleagues and the Island I have come to call home. I thank the Board for their guidance during my tenure and the staff for their support and energetic commitment. Together we have moved the JFSC forward so it is well-placed for the future.”
Senator Ian Gorst, Minister for External Relations and Financial Services, said: “I would like to thank Martin for his service both to the JFSC and to Jersey. Since he joined as Director General, Martin has contributed a great deal. Martin leaves Jersey to lead a prestigious international organisation which, for many years, has included Jersey among its members. I am sure he will bring his enthusiasm and knowledge to his new role. He goes with Jersey’s best wishes.”
The JFSC’s Board and Executive team will work with Martin over the coming months to ensure a smooth transition.
Jill Britton, the JFSC’s Director of Supervision, will be Interim Director General on Martin’s departure in September.
On Jill’s appointment, Senator Gorst added: “I welcome the appointment of Jill Britton as Interim Director General, which demonstrates the resilience of the JFSC Executive and, whilst an appointment process is underway, I am confident Jill will ensure that the JFSC continues to provide the regulatory framework that is so essential to Jersey’s global reputation as an international finance centre of excellence.”
International Organization of Securities Commissions (IOSCO)
IOSCO is the international body that brings together the world’s securities regulators and is recognised as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation. It works intensively with the G20 and the Financial Stability Board on the global regulatory reform agenda.
IOSCO was established in 1983. Its membership regulates more than 95% of the world’s securities markets in more than 130 jurisdictions: securities regulators in emerging markets account for 75% of its ordinary membership.
By providing high quality technical assistance, education and training, and research to its members and other regulators, IOSCO seeks to build sound global capital markets and a robust global regulatory framework.
