After helping to steer the island’s financial regulator for the past decade, John Eatwell (pictured right) is retiring today as Chair of the Jersey Financial Services Commission (JFSC).
A member of the House of Lords, University of Cambridge professor and former political adviser, John joined the JFSC in 2010 as a Commissioner and assumed the role of Chair in 2014.
During his tenure, he has overseen the JFSC’s work to secure and maintain market access into Europe, to achieve the island’s positive MONEYVAL assessment in 2015, and to deliver Jersey’s register of beneficial ownership and control.
He commented: “It has been a privilege to serve Jersey as a Commissioner and then Chair of the JFSC. I am immensely proud of all we have achieved and the relationships we have built with the Government of Jersey, the financial services industry, and with other international regulators and agencies.
"In the current circumstances, I am saddened I am unable to say farewell in person to the staff and my fellow Commissioners, but it gives me a very good reason to return to the island in the not too distant future.”
Former financial secretary to the UK Treasury and JFSC Commissioner Mark Hoban (pictured left) succeeds John Eatwell as Chair from 22 April. With a successful career in business, politics and public policy, Mark joined the JFSC board in December 2018.
He commented: “I am honoured to be picking up the reins and building on the strong foundations John has helped to lay.
"We are living in challenging times and, when the current crisis posed by Covid-19 has passed, we will need to be ready to adapt and respond to future challenges so we can continue to protect the people of Jersey and maintain the Island’s reputation as a leading international finance centre.”
Mark will serve as Chair of the JFSC until 30 October 2023.