The Jersey Financial Services Commission (JFSC) has announced that, after 12 years in the role, John Harris is to retire as Director General due to personal health reasons and the risk of burnout.
Following two periods of medical absence this year to manage stress-related concerns, the Board of Commissioners has accepted and fully understands John’s decision to stand down with immediate effect.
Appointed in 2006, John has led the organisation during a highly challenging and, in many ways, turbulent era for the island’s financial services industry, embracing the global financial crisis of 2007/8 and its problematic aftermath, as well as overseeing a major internal programme of change and modernisation over the past four years.
In the year the JFSC celebrates its 20th anniversary, John has reflected on the organisation’s journey and achievements during his tenure, but acknowledges the need to prioritise his health and wellbeing in order to avoid potentially more serious health issues down the line.
John Harris commented: “It has been a huge privilege to serve for nearly 12 years as Director General and I am immensely proud of all that has been achieved during that time. For me the role has been uniquely rewarding but also immensely challenging, at times exacting a heavy toll.
"These past few months in particular have forced me to take stock and prioritise my welfare in order to return to professional life in due course. I pay tribute to the Chairman, Deputy Chairman, Commissioners and all the staff at the JFSC for their support.”
JFSC Chairman Lord Eatwell said: “We thank John for his contribution to the JFSC and Jersey over his 12 years of service as Director General and understand the reasons for his retirement. He has played a valuable role in guiding the organisation in a positive direction. His expertise, financial acumen and dedication have benefitted our people, our stakeholders and the island. My fellow Commissioners and I wish him all the best for the future.”
Nick Kirby, Editor-in-Chief of Businesslife, commented: "We are grateful to John for all the support he has shown the magazine in the last nine years. From the very beginning he has been amenable and always available for comment. He has also been a speaker at a number of our conferences, bringing remarkable insight and clarity on every occasion. Everyone at the magazine wishes him all the very best for the future and has huge respect for his decision to put his wellbeing first."