New Commissioner appointed

The Commission is pleased to announce that the States of Guernsey have appointed Mr Stuart King as a new Commissioner. The vacancy arose following the retirement of Drs Cees Schrauwers.

Mr King is a non-executive director at Pension Corporation, the UK pension annuity specialist, and an independent consultant. Previously Mr King was the Group Compliance Director at Aviva and a Managing Director at Promontory Financial Group - a consultancy specialising in strategy, risk and governance issues. 

Earlier in his career, Mr King worked on a range of regulatory and public policy issues at the UK’s Financial Services Authority (FSA) and, before that, at the Bank of England and IMF.  During his time at the FSA, he was successively Head of UK Banks Regulation, Head of Retail Intelligence and Regulatory Themes and Head of Major Insurance Groups Regulation. He also led the re-launch of the FSA’s Treating Customers Fairly initiative and the supervision of the large insurance groups during the global financial crisis.  He was responsible for changes to the supervisory approach to insurance groups which were introduced following the crisis.

Stuart takes a keen interest in mental health issues, particularly among the young and other vulnerable groups.  He is the Treasurer of Emerge Advocacy which won a Queen’s Award in 2021 for its work with young people suffering mental health challenges. He is working with a new charity which will provide counselling services to rough sleepers and is about to become a Trustee of a Multi Academy Trust.

Speaking about Mr King’s appointment, the Commission's Chairman Mr Julian Winser said: "My colleagues and I are looking forward to working with Mr King. His technical knowledge in the financial services arena as well as his considerable experience will be welcome and I am confident that he will make a valuable contribution to the strategic direction and governance of the Commission."