The Guernsey Financial Services Commission (GFSC) has appointed Neville Johnson as Chief
Operating Officer (COO) and Tim Loveridge as Chief Transformation Officer (CTO).
The post of COO is new, following the recommendation of Ernst & Young’s Independent
Evaluation Review (IER) but it will incorporate existing functions concerning the
Mr Johnson, previously Acting Director of Finance and Operations at the GFSC, took up his
post on 1 June. As COO he will be central to the effective and efficient operation of the
Commission and will report to the Director General.
He is a Fellow of the Institute of Chartered Accountants in England and Wales, an Associate
Member of the Institute of Chartered Secretaries and Administrators and a Member of the
Society of Trust and Estate Practitioners.
Among his duties will be the setting of non-regulatory operational goals, developing systems
and controls to improve efficiency and effectiveness, developing a communications
strategy, monitoring performance and coordinating resources to achieve the Commission’s
In addition to Mr Johnson’s appointment, the GFSC has recruited Tim Loveridge to the new
post of Chief Transformation Officer. He will take up his post later this year.
Mr Loveridge, currently Country Head of Innovation at Generali Worldwide Group and Head
of Business Development at Generali International, will oversee the implementation of the
IER recommendations and lead change management initiatives and project work.
Since the recommendations of the IER were announced in December last year, a team has
been appointed to implement its findings and implementation is underway.
GFSC Director General Nik van Leuven said: “We are moving ahead with the IER
recommendations as a top priority and the recruitment of a COO and CTO will expedite this
“Having already occupied a senior post at the Commission and having played a central role
in planning the implementation of the recommendations, Neville Johnson is ideally placed
to take on the COO role. Tim Loveridge’s finance industry experience will be invaluable as he
leads on change management projects.”