A former International Monetary Fund (IMF) economist has been appointed the new chairman of Jersey Finance.
Dr Gunther Thumann, previously a senior economist for the IMF in Washington DC and the managing director at Salomon Brothers, has taken over the role with immediate effect.
Thumann (pictured below left) has links with Jersey having been appointed partner, chief executive and chairman of the board of Brevan Howard Capital Management in Jersey (Channel Islands) in 2007.
And in his ten years there, he built the offshore business and established the Jersey business as the main hub of the Brevan Howard Group.
Geoff Cook, chief executive, Jersey Finance, said: “To have someone of Gunther’s calibre as our new chairman is clearly fantastic news for us as an organisation, and for our members, and his leadership and insights will be invaluable as we step up our activity in our key markets.
“He is a hugely respected figure who has vast experience as executive and non-executive director in several hedge funds and an enormous amount of experience in the global financial services arena more widely.”
Cook thanked Christensen who for his “immense contribution” to Jersey Finance.
“He was instrumental in launching Jersey Finance and served as a non-executive director from its establishment in 2000 until 2008, and we are very grateful to him for his years of time and dedication over the years,” Cook added.
Thumann, who was formally confirmed as chairman at Jersey Finance’s Annual General Meeting on 22 June, said: “Jersey is operating in a dynamic global market.
“As the body which represents and promotes the island, Jersey Finance has a vitally important role in ensuring that the industry remains highly competitive and the island retains its global reputation as an international finance centre of excellence.”