Sep 01 - Insurance Expert Appointed FSC Head of Prudential Regulation
The Gibraltar Financial Services Commission today announced the appointment of Mr Joe Perdoni to the role of Head of Prudential at the FSC. Mr Perdoni's appointment follows the announcement by Mr Mike Oliver, the FSC's senior insurance lead, of his intention to retire by the end of 2014.
Mr Perdoni joins the FSC today, bringing over 20 years of insurance sector experience to the role. Mr Perdoni started his career at Lloyds and has since worked in senior roles within the insurance sector including having responsibility in compliance, risk management and internal audit in licensed firms. Mr Perdoni has a BA Hons iAccountancy and Finance and holds the ACII qualification from the Chartered Insurance.
Institute, he is also a Chartered Insurer and a Chartered Accountant with the ICAEW. FSC CEO Samantha Barrass commented, 'I am very pleased to welcome Joe to the FSC. Joe brings an enormous wealth of experience to the work of the FSC at a particularly important time when we are working closely with the insurance industry to implement Solvency II, against a backdrop of likely further growth in the depth and breadth of the insurance sector. Joe’s contribution will be invaluable to our continued development, building on the excellent foundations established by Mike and his team.'
Mr Perdoni said he was delighted to be joining the FSC. He added, 'I am looking forward to working with Samantha and the team to further develop and enhance the FSC’ regulatory approach and Gibraltar’s attractiveness to financial services firms.'
The sector is an important and growing part of Gibraltar’s financial services industry and the appointment of Mr Perdoni demonstrates the FSC’s intent to appoint, where appropriate, individuals with private sector expertise in the relevant area.
