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New Chief Executive of Guernsey Finance Appointed

Guernsey Flag
October 22, 2014
The Board of Guernsey Finance has appointed Dominic Wheatley chief executive of Guernsey Finance effective December 1, 2014.

Mr. Wheatley has more than 25 years' experience in the international financial services market in the United Kingdom and Guernsey, most recently as managing director of Willis Management (Guernsey) Limited and chief marketing officer of Willis's international insurance management businesses. He also served as chairman of the Guernsey International Business Association (GIBA) from 2011 to 2013, a position that saw him serve ex officio as a director of Guernsey Finance. Prior to becoming GIBA chairman, he was chairman of the Guernsey International Insurance Association (GIIA) from 2009 to 2011.

Guernsey Finance is a joint collaboration between the Commerce and Employment Department on behalf of the states of Guernsey and GIBA on behalf of the island's finance industries. Its mission is to market the island as an independent international finance center. Guernsey Finance employs 10 staff in Guernsey and one in its representative office in Shanghai.

Guernsey is Europe's leading captive insurance domicile and number four in the world, with more than 780 international insurance entities (captives/protected cell captives (PCCs) and incorporated cell companies (ICCs)/cells) and premium written in excess of $5 billion. Approximately 40 percent of the leading 100 companies on the London Stock Exchange and 95 of the Global 1500 companies have captives in Guernsey. In addition to U.K. companies, a number of firms in Europe, the United States, the Middle East, Asia, South Africa, Australia, and the Caribbean have established captives in Guernsey.

"Having served as the chairman of GIIA and most notably GIBA, Dominic is well versed in representing the interests of all sectors of Guernsey's finance industry. His previous service as a Director of Guernsey Finance also means that Dominic already has a good understanding of the organization's core values, objectives and strategies," said Jim Gilligan, the chairman of Guernsey Finance, as reported in a press release announcing Mr. Wheatley's appointment as chief executive of Guernsey Finance.

Mr. Wheatley succeeds Fiona Le Poidevin, who announced her resignation in July.  
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