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GFSC announces restructure

22 Jan 20

The GFSC has concluded a comprehensive organisational restructure resulting in a flatter, wider and more inclusive management structure. GFSC CEO, Kerry Blight, will have direct line management responsibility for each member of the new management team.

The restructure coupled with previous cost management action taken within last few months, including a recruitment freeze and no replacement of staff who left the GFSC, has resulted in permanent full-time employee numbers reducing from above 100 to 78.

Kerry Blight said: "The restructure and cost management action taken are a proportionate response to streamlining the organisation and to being cost-effective in achieving the GFSC's regulatory objectives, including promoting good business, protection of consumers and enhancing Gibraltar's reputation as a quality financial centre."

The new and wider management team will continue with the GFSC's stakeholder engagement initiative both locally and internationally to ensure a positive climate for the benefit of Gibraltar's financial services industry.

Notes to Editors:

1. The GFSC is a regulator of the Gibraltar financial services market, regulating providers of financial services conducted in both Gibraltar and other jurisdictions. The GFSC's vision is to be a high performing and innovative regulator.

2. The GFSC's regulatory objectives are the promotion of market confidence; the reduction of systemic risk; the promotion of public awareness; the protection of the good reputation of Gibraltar; the protection of consumers and the reduction of financial crime. 

Press Release contact details

Contact Name

Press office

Contact E-mail

media@gfsc.gi 

Address

Gibraltar Financial Services Commission
PO Box 940
Suite 3, Ground Floor
Atlantic Suites
Europort Avenue
Gibraltar

Tel

+350 200 40283 

Fax

+350 200 40282

Web-site

www.gfsc.gi