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Guernsey Finance appoints Lyndon Trott chairman

The board of Guernsey Finance has appointed Lyndon Trott as chairman, effective from 1 December. Trott replaces Jim Gilligan, who is retiring having held the position since 2006.

Guernsey Finance appoints Lyndon Trott chairman

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“I am delighted to have been invited by the States of Guernsey and the Guernsey International Business Association (GIBA) to support the promotion of Guernsey’s finance sector in this way,” said Trott.

“Our banking sector remains strong, we’re a world leader in insurance and trusts and we have a powerful funds sector that drives investment into the UK and Europe.” he added.

Guernsey Finance is a collaboration between the Commerce and Employment Department, on behalf of the States of Guernsey; and GIBA, on behalf of the island’s finance industries. 

Its remit is to market Guernsey as an independent international finance centre.

Elected Guernsey’s first treasury minister in 2004, Trott became the jurisdiction’s chief minister in 2008, a position he held until 2012.

A former City trader specialising in proprietary foreign exchange, Trott is now an independent non-executive director sitting on the boards of Guernsey-based fiduciary company Concept Group Ltd.

“The executive team at Guernsey Finance have highly valued Jim’s support and input over his nine years as chairman,” said Dominic Wheatley, chief executive of Guernsey Finance.

“We now look forward to Lyndon carrying on Jim’s outstanding work as chairman and we are excited by the financial, political and international experience he brings to the role. From Lyndon’s 16 years in Guernsey politics it is clear how fundamentally committed he is to the interests of Guernsey.

“This, coupled with his work in financial services as a non-executive director, means he has built up an exceptional network of contacts and a unique range of experience internationally. This is a key time for Guernsey’s economic development and to have Lyndon involved will significantly strengthen the team’s capabilities and effectiveness,” Wheatley concluded. 

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