Jersey Finance confirmed this afternoon it has appointed experienced financial services professional Joe Moynihan as its new CEO.
Moynihan will start in his new position on 18 February and is taking over the reins from Geoff Cook, who is leaving after twelve years in the role.
An experienced financial services professional with a longstanding career in Jersey in both the private and public sector, Moynihan spent the majority of his executive career with AIB, latterly as the Chief Executive Officer of the Jersey and Isle of Man offices.
He then spent just under four years with the Government of Jersey as director of financial services, with a remit that was expanded to include digital and competition. More recently, he has been the chief executive of RAK International Corporate Centre in the UAE and has acted as a consultant both in Jersey and overseas. He is a previous chair of the Jersey Bankers Association and is a regular commentator on industry issues.
Commenting on his appointment, Moynihan said: "The team at Jersey Finance has done an excellent job in establishing Jersey as one of the world's leading international finance centres and I'm excited to have the opportunity to help lead the industry at this pivotal time for international financial services. I am very much looking forward to picking up the baton and working with all stakeholders to continue to help bring clarity to the positive role our industry plays both locally and in key markets around the world."
Gunther Thumann, chairman of Jersey Finance, added: "Joe has considerable experience in financial services gained both here in Jersey and in markets around the world, and benefits from having had both an industry and government perspective, giving him an excellent understanding of our stakeholders and the environment Jersey's finance industry exists in.
"In his various roles, Joe has always been a keen supporter of Jersey Finance and there's no doubt that his strong connections in Jersey and overseas, together with his strategic insight into international financial services, will be vital as we look to continue to provide innovative solutions and certainty to investors. Joe will undoubtedly add to the existing strengths of our executive team while his appointment gives us and the industry we serve some welcome continuity."