Appointment of new Commissioner

The Guernsey Financial Services Commission is pleased to announce that the States of Guernsey has appointed Fiona King as a Commissioner. The vacancy arose following the retirement of Philip Middleton.

Mrs King has spent over three decades in the financial services industry as both a senior private sector executive and regulator, giving her a practical understanding of regulation from both sides.

She retired at the end of 2025 from an executive career at Citigroup where she served as CEO of Citibank UK Limited, governing the firm's Trust and Fiduciary business and the wind-down of its UK retail banking operation.

She also operated as London Branch Head of Citibank Europe Plc, overseeing businesses including a first-to-market digital Transfer Agency.

Before becoming a board member, Mrs King held responsibility for the protection of client money, custody assets and eligible deposits in large banking groups. Earlier in her career she undertook supervision, policy and risk roles at the UK Securities & Futures Authority, the Financial Services Authority and left the Financial Conduct Authority for industry roles shortly after its formation. 

Mrs King holds an MA in Corporate Governance, is a Chartered Member of the Chartered Governance Institute, and holds a CISI Certificate in Ethical Artificial Intelligence. She also sits on the Risk & Audit Committee of The Royal Kennel Club, was until recently a member of the Chartered Institute for Securities & Investment's International Committee and a member of the Financial Services Group of the London Livery Companies.

Mrs King was appointed a Commissioner in April 2026. Speaking about the appointment, the Commission's Chairman, John Aspden, said: "My colleagues and I are delighted to be working with Mrs King. She brings extensive experience from the financial services industry including senior leadership roles and a detailed understanding of the commercial and operational realities faced by firms. Her knowledge and understanding of regulation will be invaluable and I am confident that she will make an important contribution to the strategic direction and governance of the Commission."