In an unprecedented move, the Isle of Man Bankers' Association (IOMBA) has voted Mark Waterhouse, Chief Executive Officer of Zurich Bank International, to be appointed President for a second term of office.
As founding member of the Association in 2000, Waterhouse took up the office of President in its inaugural year. Now, he’s agreed to take on the role again - in this instance, succeeding John Coyle, Chief Executive Officer of Standard Bank.
Waterhouse, who is Chief Executive Officer of Zurich Bank International, paid tribute to the “unstinting hard work and commitment shown by John Coyle during his two year term of office. As banking has come increasingly under the spotlight over recent years it has been necessary for successive Presidents of the IOMBA to also give an increasing amount of time to the role. Each successive President has risen to the challenges faced during their term of office and I, too, hope I can rise to the current challenges facing the banking movement.”
Commenting on the appointment, Isle of Man Minister for Economic Development, Hon. Allan Bel, Member of the House of Keys (MHK) said, “Mark has made a great contribution to the success of the IOMBA since its formation over ten years ago and I look forward to working closely with him in this role once again. The Government is committed to assisting the IOMBA in its aims to represent the interests of the banking industry and licence holders on the Isle of Man.”
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