Guernsey Finance has appointed Kate Storey and Paul Sykes to its board of directors as representatives of the Guernsey International Business Association. Prominent Guernsey insurance expert, Storey has more than 22 years of experience as a commercial lawyer. She has spent the last 16 years in Guernsey practising financial services law, specialising in investment funds and financial transactions. In addition to Guernsey Finance, Storey sits on the executive committee of the Guernsey Investment and Funds Association and the Market Development Committee of the Guernsey International Insurance Association. Sykes is managing director of Aon insurance managers in Guernsey - Europe’s largest (re)insurance management company. He has been instrumental in the development of Guernsey’s insurance industry spanning captive solutions, insurance linked securities and Guernsey’s emerging reinsurance sector. Sykes has also chaired most of the insurance trade association and professional bodies in Guernsey and is currently the deputy chairman of the Guernsey International Business Association (GIBA). He recently became a chartered director with the Institute of Directors. Storey says: “I am delighted to be joining the Board of Guernsey Finance as I’m passionate about the success of Guernsey as an international finance centre. I am very much looking forward to representing Guernsey’s finance industry in its target markets globally.” Sykes adds: “The success of the finance sector is ever more critical at a time when headwinds [are] abound in the shape of inflation, recession and a contracting active workforce in Guernsey. I hope to emulate some of the success we have achieved in the insurance industry in my wider roles with GIBA and now with Guernsey Finance.”
