JFSC Head Retires Fearing ‘Burnout’
The head of Jersey’s financial services regulator is standing down because of stress.
John Harris has been Director General of the JFSC for 12 years.
A statement from the Jersey Financial Services Commission says Mr Harris has decided to retire for health reasons and ‘the risk of burnout.’
It says he has had two periods of absence this year due to stress.
The man charged with protecting the island’s reputation as a finance centre has led the regulator through the global financial crisis, and the resulting major changes to industry rules.
Mr Harris says it has been ‘uniquely rewarding’ but also ‘hugely challenging’ and at times has taken a ‘heavy toll’.
He says he has taken stock and now has to put his own welfare first.
Tributes have been paid by JFSC Chairman Lord Eatwell and External Relations Minister Senator Ian Gorst who have praised Mr Harris for his expertise and dedication.