New CEO for Dubai's Financial Services Authority and Jersey appointments for Royal Bank of Canada Wealth Management.
New CEO announced for Dubai’s FSA
Dubai Financial Services Authority (DFSA) has announced the appointment of Ian Johnston as the Authority’s next CEO taking over from Paul Koster on 15 June 2012.
Johnston comes to the post with considerable experience of the DFSA having been Deputy Chief Executive since 2009 and Managing Director since 2006. The DFSA board recognises Johnston’s “wide international experience” in supporting the work and objectives of the international standard-setting bodies, in his capacity as a member of the Technical Committee of the International Association of Insurance Supervisors, the global standard-setting body for insurance regulation.
Saeb Eigner, Chairman of the DFSA, welcomed Johnston’s appointment, saying, “International interest in the DIFC and in DFSA’s role plays an important part in the work that we do. As such, Ian’s experience in shaping our international agenda and his experience in working with the global standard-setters continues to be very relevant to the development of the DFSA and to the DIFC.”
RBC expands Jersey private client team
RBC Wealth Management, part of Royal Bank of Canada, has made two new appointments to bolster its Jersey-based private client team on Jersey. Nic Butt takes up his appointment as Team Leader, alongside Martin Carolan who’s been hired as Wealth Manager. Both new appointees will be based in the Jersey office, reporting to Tim Houghton, Head of Private Client Wealth Management-Offshore.
Commenting on the new additions to his team, Houghton said, “The impressive background, knowledge and expertise that Nic and Martin bring make them a natural fit for our team. I look forward to working with both of them as we look to achieve the ambitious growth targets we’ve set ourselves.”
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November