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PRESS RELEASE 17 January 2007

Jersey Financial Services Commission seeks to appoint new Commissioner

The Jersey Financial Services Commission is seeking to replace a Commissioner who will be retiring having completed three terms.

The new Commissioner will be locally based and have experience of the type of financial services supervised by the Commission and,
if possible, either current or recent experience of trust company business in the Island.

Commissioners are appointed by the States of Jersey from persons nominated by the Minister for Economic Development.

The search for a new Commissioner will follow an open and transparent process, which will include public advertising of the vacancy. The application and appointments procedures to be followed will be in accordance with those recommended by the Jersey Appointments Commission.

The closing date for applications is 16 February 2007.

- Ends -

For further information, please contact:

Colin Powell CBE
Jersey Financial Services Commission

Tel: + 44 (0) 1534 822084
Fax: + 44 (0) 1534 822001


Notes to Editors

1. This vacancy has arisen as a result of Commissioner Richard Pirouet completing three terms. Richard Pirouet has been on the Board since the Commission was first established in 1998. Limiting the term of office of a Commissioner to three terms is in accordance with good governance practice and also advocated by the Jersey Appointments Commission.
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