Appointment of new Commissioners

The Commission is pleased to announce the appointment of two new Commissioners.

Mr. John Aspden is a senior finance professional with significant experience in investment and banking supervision in both the public and private sectors. He was Chief Executive of the Financial Supervision Commission in the Isle of Man from 1998 to 2015, where he was responsible for the regulation and supervision of all banking, securities and funds, trusts and companies, and money transmission activities. Prior to taking up his role at the Financial Supervision Commission in the Isle of Man, Mr. Aspden held roles in the private sector including Managing Director of Matheson InvestNet Ltd, at the time Hong Kong's largest independent distributor of, and adviser on, collective investments for retail investors. Mr. Aspden has also held the role of Deputy General Manager of the International Bank of Asia Ltd and has worked in banking supervision at the Bank of England and at the Office of the Commissioner of Banking in Hong Kong, now HKMA. Mr. Aspden is also Chairman of the Group of International Finance Centre Supervisors and was awarded an MBE for his work in financial services supervision.

Mr. Philip Middleton is a senior financial services strategist with significant recent experience in advising government, central banks and financial institutions on crisis related issues. Since 2015, He has carried out consulting and advisory work in central banking and financial services through Rifle House Capital Ltd. He is also an active member of three leading think tanks. He has had significant experience in the private sector, holding various roles within KPMG LLP, including Partner and European Head of Financial Services Strategy, and within Ernst & Young LLP, including Partner and Head of Central Banking, EMEIA.

Speaking about the appointments, the Commission's Chairman Drs Cees Schrauwers said:

"My colleagues and I are looking forward to working with Mr Aspden and Mr Middleton. Their combined technical knowledge in the financial services arena as well as their considerable experience will be very welcome and I am confident that they will both make a valuable contribution to the strategic direction and governance of the Commission."