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Press Release - 2 December 2002

NEW COMMISSIONER AT THE JERSEY FINANCIAL SERVICES COMMISSION

The States of Jersey Assembly has approved the appointment of Advocate Michael Clapham as a Commissioner of the Jersey Financial Services Commission ("JFSC"). His term of office will commence on 6 November 2002 and run until 5 November 2005.

Commenting on the appointment, the Chairman of the JFSC, Colin Powell OBE, said:

"The Commission is honoured and delighted that Advocate Clapham has agreed to join us. Michael has a wealth of local knowledge and a broad legal experience making him well placed to represent the interests of the wider community on the Board of Commissioners. In replacing Advocate Francis Hamon, OBE he will ensure the Board remains balanced and strong, and we look forward to him joining us."

Advocate Clapham studied English Language and Literature at Oxford and in 1965 passed his English Bar Examinations followed, in 1966, by his Jersey Advocates' Examination and admission as an Advocate of the Royal Court of Jersey. For over thirty years he was a Partner in a local legal practice, which became part of Ogier & Le Masurier in 1995, and he currently continues his work with them as a Consultant. He was President of the Law Society of Jersey from 1997 until 2001.

Advocate Clapham will take his Oath of Office on Wednesday 6 November 2002.

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