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The Jersey Financial Services Commission (JFSC) has today announced the appointment of a new Commissioner to its Board.

Matt Palmer, was sworn in by the Royal Court for a five-year term. Matt, who currently resides in Jersey, is an experienced audit committee chair and a chartered certified accountant. He has senior executive experience across the trust and fund management, retail banking, insurance and Fintech sectors.

Matt has undertaken a range of non-executive roles and has held responsibility for governance and oversight of budgets in excess of £1bn. He specialises extensively in risk management with a particular focus on operations, technology and cyber security risks. He has led enterprise risk management functions and client facing business lines both in Jersey and globally.

Mark Hoban, Chairman of the JFSC said: “Matt brings a wealth of financial services knowledge and professional expertise. His broad experience and understanding of the importance of regulation from an industry perspective, specifically on Fintech, will be hugely valuable to the Board.”

Matt Palmer added: “I am thrilled to be joining the Board to serve as a Commissioner. As a local resident, I know firsthand the important role that the JFSC plays in maintaining the highest standards for international finance in Jersey. I’m very much looking forward to joining and contributing to the work the JFSC does.”

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Jersey Financial Services Commission