The Jersey Financial Services Commission (JFSC) has announced the appointment of two new Commissioners to its board.
Mark Hoban and Monique O’Keefe were sworn in on Friday 9 November by the Royal Court and will begin their five-year terms on 1 December. Mark’s appointment is with a view to assuming the role of Chairman in April 2020, subject to the board’s approval and recommendation to the Chief Minister.
A former Conservative MP, Mark Hoban served as Financial Secretary to the UK Treasury, where he had responsibility for financial services policy. He also led the coalition government’s work on the post-financial crisis reforms to financial regulation.
Mark is the Chair of Flood Re, a regulated specialist reinsurer, and he also holds a number of other non-executive and advisory roles for organisations, including the London Stock Exchange and the International Regulatory Strategy Group. In August, he was appointed to the Bank of England’s Enforcement Decision Making Committee.
With 20 years’ experience in finance and law, Jersey-resident Monique O’Keefe is co-founder of an investment consultancy business.
Prior to moving to Jersey, Monique specialised in structuring complex financing deals for international investment banks in London and New York, most recently at Goldman Sachs as a Senior Banker and Executive Director, and before that as a Director at Merrill Lynch.
She has experience working with a variety of organisations spanning government, international investment banks, sovereign wealth funds, major financial institutions and international businesses.
Mark and Monique replace two Commissioners who retire before the end of the year – Deputy Chairman Debbie Prosser and Michael de le Haye.