New director-general is picked from 150

THE Guernsey Financial Services Commission has gone to Ireland to find a new director-general.

William Mason will join the commission from the position of head of risk at the Central Bank of Ireland.

Previously he worked for the Financial Services Authority and at the UK Cabinet Office, where he wrote a report for 10 Downing Street on regulation.

Current director-general Nik van Leuven knows Mr Mason, pictured, through consultation on the development and implementation of its Prism supervisory methodology – the risk-based framework for supervising regulated businesses.

'I am certain his knowledge and experience will be of great value to the commission in these times of threat and change,' he said.