Tuesday 21 December 2021
The Policy & Resources Committee has appointed three independent members to join the newly formed States' Investment Board, which will provide independent investment expertise and governance to all States' funds.
The appointed members are:
- Richard Crowder (Chair);
- Paul Meader; and
- Henry Freeman.
The three appointed members will join the States' Treasurer, Bethan Haines, to comprise the States' Investment Board. The official start date for the Board is 1st January 2022.
The main responsibilities of the Board will be to monitor investment strategies, appoint expert investment consultants, review and consider investment performance, appoint and dismiss investment managers and produce an annual report outlining the past year's investment performance.
Deputy Mark Helyar, Treasury lead for the Policy & Resources Committee, said:
"We're really pleased to be able to able to establish this specialist sub-committee to oversee the management of States of Guernsey Funds. We're particularly pleased with the quality of the investment expertise that each member of the sub-committee will bring. As well as bringing greater expertise, the constitution of the Board will allow for more consistent investment strategies across the States' portfolios."
The States of Deliberation agreed to establish the States' Investment Board as a sub-committee of the Policy & Resources Committee in March 2021.
