As the work of the Financial Services Commission increases so does its
staff. A number of changes have been announced today by the FSC reflecting
its growing front-line regulatory staff.
First, is the promotion of both Mark Dellipiani and Tyrone Vinet to
Managers of the Banking Supervision and Fiduciary Services Supervision
Divisions respectively. Both Mark and Tyrone have served with the FSC for a
number of years and their promotions recognise the contribution that they
have each made to the FSC.
Tyrone will also take over the post of Secretary to the Auditors
Registration Board from Mark who in turn assumes the position of Secretary
to the Gibraltar Deposit Guarantee Board.
The FSC has also recently recruited three new members of staff from the
private sector. These are: Karel Mañasco, Neill Perera and Tessa Sacramento
who join the Investment Services, Fiduciary Services and Banking Supervision
Divisions respectively. Tessa will start at the FSC in May.
Marcus Killick the Commissioner said:
"I am delighted to announce Mark and Tyrone's promotions which have
been well earned. I am also pleased that Karel, Neill and Tessa have
chosen to join us.
The additional recruitment we are undertaking is essential to the
FSC's requirements particularly in relation to the recent enhancement of
our on-site visit programme.
The FSC always seeks to ensure that it manages its resources
effectively. Nevertheless as the regulatory environment changes,
particularly as a result of the raft of new EU directives relating to
financial services further recruitment is inevitable."
The on-site work conducted by the FSC is the cornerstone of its
regulatory approach. Although intensive in terms of human resource
requirements it is viewed as the most efficient manner in which to achieve
international standards of regulation.