Annual Report 2012-13 - Financial Supervision Commission

Isle of Man Financial Supervision Commission Annual Report 2012/13 43MEMBERSHIP OF THE FINANCIALSUPERVISION COMMISSIONGeoff Karran MBE (Chairman)Appointed in July 2007 and became Chairman on1 April 2012. Admitted to the Manx Bar in 1969 and duringhis time as an Advocate he became Senior Partner in DickinsonCruickshank and served for three years as President of the IOMLaw Society. Retired from practising Law in February 2007.Appointed Deputy Police Complaints Commissioner in March2008 and Police Complaints Commissioner in March 2009.Awarded the MBE in the New Year’s Honours List 2009.Bryan Stott (Deputy Chairman)Appointed in June 2001. Initially his career focused mainlyon the Island’s property business. In 1973 he was appointedto the Board of the Isle of Man Bank Limited and becameChairman in 1980. Has 28 years’ banking experience with theIsle of Man Bank and subsequently NatWest Offshore Limited.Retired as Chairman of NatWest Offshore Limited in 2000. MrStott has extensive experience in the investment and insurancefield. He was also involved in the development of the spaceand satellite business for the Island and is now focusing onrunning the family office.Tim CullenAppointed June 2001. Spent 21 years with the World Bank,where he served inter alia as Chief Spokesman of the Bankand, latterly, as Senior Advisor for External and United NationsAffairs. He is Executive Director of the Small Countries FinancialManagement Centre and an Associate Fellow of the SaïdBusiness School at the University of Oxford, where he directsthe Oxford Programme on Negotiation. He is a trustee ofthe Institute of Business Ethics and heads a small internationalconsulting firm that focuses on issues of governance, integrityand negotiation. He also teaches negotiation at OxfordUniversity and throughout the world.Sir David LewisAppointed April 2012. Practised as a corporate andfinancial services solicitor in London and the Far East withthe international law firm Norton Rose since 1969. Served asSenior Partner and Chairman, now a consultant. Presidentof the City of London Law Society 2009-10. Served asSheriff of London and then Lord Mayor of London 2007-08.Knighted in 2009.APPENDIX BJohn AspdenAppointed as Chief Executive of the Commission in August1998. Commenced his career for 15 years with the Bankof England including three years on secondment to theCouncil for the Securities Industry. Then became adviser tothe Commissioner of Banking in Hong Kong. Subsequentlymoved to become Deputy General Manager at InternationalBank of Asia Limited, and then Managing Director ofMatheson InvestNet Limited, both also in Hong Kong.John was appointed Chairman of the Group of InternationalFinance Centre Supervisors in November 2011.Roger ButlerAppointed April 2012. Since 1998 Roger Butler has beenchairman and non-executive director of, and consultantto, several companies in varied industries. Between 1996and 1998, he was Chief Executive of Newton InvestmentManagement, a major UK fund management company, untilits sale to Mellon Bank. Previously, he was a Senior Advisor toMorgan Stanley, where he was involved in advising both thefirm and its investment banking clients on corporate structuringand taxation matters. Prior to this, Roger was with Arthur Young(now Ernst & Young) where he was latterly Regional ManagingPartner in London and Chairman of the global tax practice,having previously been UK National Director of Taxation.Alan SmithAppointed July 2007. Initial career with Lloyds Bank TrustDivision and then spent seven years as Manager of Bank ofBermuda’s Cayman operations. Moved to the Isle of Manin 1987 and was appointed Managing Director of Bank ofBermuda in 1994. Appointed to the Global Board of the Bank’sFund Services Division in 2001 as Global Head of Marketingand Strategy and subsequently of HSBC’s Alternative FundServices Division up to his retirement in 2005. He has over 40years’ experience in Trust Administration, Corporate Services,Banking, Custody and Fund Administration.Paul WrightAppointed in May 2012. Spent much of his career with theBank of England in a variety of economics and internationalroles before taking supervisory responsibility for internationalbanks. He was UK Alternate Director at the IMF 1990 to 1992and headed the division of the UK FSA responsible for themajor overseas financial institutions in the UK. He was closelyinvolved in developing the FSA’s supervisory framework andsubsequently had responsibility for global and EU strategythere. From 2009 to 2012 he was Senior Director at theInstitute of International Finance in Washington DC. Paul is theCSFI/Swiss Re Fellow in Global Insurance Issues. He teachesand advises extensively on regulatory practice.