Membership of the Financial Supervision Commission
The Financial Supervision Commission Order 1983, as amended, states that “the Commission shall consist of not less than three persons appointed by the Treasury, subject to the approval of Tynwald” The Treasury have appointed the following persons to be members of the Commission:
![]() | Rosemary Penn MBE. Appointed in March 1993. Became Deputy Chairman in June 2001, Chairman in 2004. She qualified as a Barrister at Law in 1963. She was appointed as a magistrate in England in 1967 and also lectured in law until she returned to the Isle of Man in 1981. She was appointed to the magistracy in the Isle of Man in 1985 and served as Vice Chairman and Chairman and retired in 2002. She has worked for the Government as Chairman of several Tribunals including Rent and Rating, Agricultural Wages, Police Complaints and Licensing Appeals. |
John Aspden. Appointed as Chief Executive of the Commission in August 1998. Commenced his career for 15 years with the Bank of England including three years on secondment to the Council for the Securities Industry. Then became adviser to the Commissioner of Banking in Hong Kong. Subsequently held a senior position at International Bank of Asia Limited and was then Managing Director of Matheson InvestNet Limited, both also in Hong Kong. | ![]() |
![]() | John Cashen OBE. Appointed January 2002. Chartered Public Finance Accountant. Various positions held within the Isle of Man Government Treasury from 1969. Former Chief Financial Officer to the Isle of Man Government from 1991-2001. Director of Singer and Friedlander Investment Management (Isle of Man) Limited, and Fortress Management Services Limited. He was awarded the Order of the British Empire for public service in the Isle of Man in the Queen’s Birthday Honours List 2000. |
Tim Cullen. Appointed June 2001. Spent 21 years with the World Bank, where he served inter alia as Chief Spokesman of the Bank and, latterly, as Senior Advisor for External and United Nations Affairs. He is Executive Director of the Small Countries Financial Management Centre and an Associate Fellow of the Saïd Business School at the University of Oxford, where he directs the Oxford Programme on Negotiation. He is also a trustee of the Institute of Business Ethics and heads a small international consulting firm that focuses on issues of governance, integrity and the environment. | ![]() |
![]() | Geoff Karran. Appointed in July 2007. Admitted to the Manx Bar in 1969 and during his time as an Advocate he became Senior Partner in Dickinson Cruickshank and served for three years as President of the IOM Law Society. Retired from practising Law in February 2007. He continues as Chairman of the DHSS Social Security Appeals Tribunal and the Disability Appeals Tribunal. Appointed Deputy Police Complaints Commissioner in March 2008 and Police Complaints Commissioner in March 2009. Awarded the MBE in the New Years Honours List 2009. |
Alan Smith. Appointed July 2007. Initial career with Lloyds Bank Trust Division and then spent seven years as Manager of Bank of Bermuda's Cayman operations. Moved to Isle of Man in 1987 and was appointed Managing Director of Bank of Bermuda in 1994. Appointed to the Global Board of the Bank's Fund Services Division in 2001 as Global Head of Marketing and Strategy and subsequently of HSBC's Alternative Fund Services Division up to his retirement in 2005. He has over 36 years’ experience in Trust Administration, Corporate Services, Banking, Custody and Fund Administration. | ![]() |
![]() | Bryan Stott. Appointed in June 2001. Initially his career focussed mainly on the Island’s property business. In 1973 he was appointed to the Board of the Isle of Man Bank Limited and became Chairman in 1980. Has 28 years’ banking experience with the Isle of Man Bank and subsequently NatWest Offshore Limited. Retired as Chairman of NatWest Offshore Limited in 2000. Mr Stott also has extensive experience in the investment and insurance field. |
Anne Dorling - Secretary to the Commission and Head of Operations Joined the Commission in October 1990. Previously worked in St.Andrews, London and Nottingham in senior operational roles. As Secretary to the Board and Head of Operations Anne is responsible for providing a Secretariat function to the Board, information technology, human resources, financial control and planning, strategic and operational management. | ![]() |
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