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John Spellman appointed as Director of Financial Services

The Department of Economic Development has appointed a new Director of Financial Services with immediate effect.

John Spellman will take on the coveted position after working with the Department for a number of years in a special advisor role.

Prior experience in the financial field has seen Mr Spellman lead several large financial services organisations in the UK and more recently develop a number of successful businesses offshore.

He also formerly held the position of Head of Isle of Man Finance in the Treasury where he was responsible for promotion and development of the financial services sector.

Commenting on future challenges he says he intends to meet them head on and help to shape a competitive, regulative and legislative environment.

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