The Director General of the Guernsey Financial Services Commission, Nik van Leuven, aged 65, will retire in June 2013. He was originally appointed under a contract expiring in December 2012, which has been extended to facilitate his successor to be appointed.
Cees Schrauwers, the Chairman of the Commission, said: “We are grateful to Nik van Leuven for directing the GFSC during a period of unprecedented change in the global regulatory scene and wish him well in his retirement.”
Mr van Leuven, who took up office in June 2009, has been asked by the Commission to complete a project consolidating and reviewing regulatory legislation following his retirement. Mr Schrauwers said: “Nik’s legal knowledge and expertise will be invaluable in undertaking this work.”
UK-based executive search specialists have been appointed to manage the process of finding his successor.
“The Commissioners are responsible for appointing a new Director General. The selection panel will comprise myself and two other Commissioners and a representative of the Policy Council will also be involved,” Mr Schrauwers said.