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Standard Bank has appointed Sean Flanagan as head of compliance to develop that part of its offshore division, and ensure delivery of an effective compliance function across its operations in the Isle of Man, Jersey and Mauritius.
Mr Flanagan joins the company from the Isle of Man Financial Supervision Commission where he was responsible for the funds and investment business team. He will lead a team of nine, overseeing the compliance framework and implementing appropriate policies and procedures for Standard Bank Offshore.
Sean, who will be based in Jersey, has over 20 years compliance experience within a range of sectors, including banking, asset management, funds and investment business. This has been in major jurisdictions from London to New York, and offshore locations including the Caribbean. He has also gained experience while working for the Dubai Financial Services Authority, focussing on the supervision of asset managers, investment banks and funds.
Chief executive officer of Standard Bank Isle of Man John Coyle said: 'This is an important role within our Offshore division and Sean's considerable compliance and banking experience in a range of offshore jurisdictions will be invaluable going forward'.
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