Supervision Division
Supervision Division is responsible for the supervision of all regulated activities undertaken by licenceholders. In supervising in excess of 300 businesses, the FSC analyses the ongoing business, examines how it is directed, managed and controlled and monitors compliance with the regulations. The work involves both off and onsite reviews and liaison with auditors. Details of our supervisory approach are contained in a document entitled "Supervisory Approach for all Licenceholders" which is available on our website.
Click here for our structure chart
Michael Weldon - Head of Supervision. Appointed Head of Supervision in October 2003. Michael joined the FSC in 1984. During 2003, he undertook a full review of the supervisory approach and techniques employed by the FSC. This resulted in the supervision of all regulated firms being brought within one department. Michael has previously been seconded to the UK Financial Services Authority in London and has held a variety of positions within the FSC. He is a fellow of the Chartered Association of Certified Accountants and has a B.A. (Hons) in Accounting and Finance. | ![]() |
![]() | Hazel Gawne - Senior Manager. Hazel joined the FSC in 1985. She is an Affiliate Member of the Securities Institute and has gained an ONC in Business Studies and is an Associate Member of the Securities Institute Investment Administration Qualification (IAQ Merit Award). Hazel has significant experience and knowledge of the collective investment scheme sector and for whose supervision she is responsible. |
David Clucas - Manager. David joined the FSC, from Bank of Scotland International, in February 2005. His role at the bank had been that of a manager, with broad responsibilities, within their specialised lending department. Prior to this, he had a career of more than 30 years with Lloyds TSB Group. His more recent years were at senior manager level. Within that career, was a spell with Internal Audit where he had responsibility for the branches in the North West of England. David has represented both of the above banks at the Association of Licensed Banks, where he also has experience at Council level. Professionally qualified, David obtained his ACIB in 1979. | ![]() |
![]() | Sue Ferrario - Manager. Sue worked in the Corporate Service Provider industry for 14 years before joining the FSC. Sue commenced work in the Corporate Service Provider team as a Supervision Officer in October 1999 and was promoted to Manager in September 2001. Sue is an ICSA student. |
Andrew Kermode - Senior Manager. Andrew is a qualified chartered accountant, having qualified in late 2000. Andrew joined the FSC in November 2001 as a manager, prior to which he was employed by Deloitte and Touche, with whom he worked for just over 4 years. During his time there, Andrew gained wide exposure to banking and fund administration clients (including authorised schemes). | ![]() |
![]() | Paul de Weerd - Senior Manager, Risk and Compliance. Paul joined the FSC in July 2001 as the Senior Manager in the Corporate Service Providers team and worked in Authorisations before moving to Supervision in 2007. Paul took an economics degree at Warwick (1980) and worked in the Secretariat of Milton Keynes Development Corporation before joining the London Stock Exchange in Market Regulation, finishing as Manager, Market Supervision. In 1998 he was appointed Superintendent of the Financial Supervision Commission in the Turks and Caicos Islands. Paul qualified as a Chartered Secretary (ACIS) in 1996. He also has a Diploma in Management Studies. |
Geraldine Smith - Senior Manager. Geraldine moved to the Isle of Man in 1996 and spent four years as a compliance officer with a Corporate Service Provider prior to joining the FSC. Before this, Geraldine worked for the Lord Chancellor’s Department and the Official Solicitor’s Office in London. Geraldine has an LLB and MBA. | ![]() |
![]() | Lynda Cain - Manager. Lynda joined the Commission in June 2002 and spent two years working in the Authorisations Department before moving to Fiduciary Services - Supervision. Lynda is responsible for the relationship management of a portfolio of Corporate Service Provider licence holders. Prior to joining the Commission Lynda spent over 17 years working locally in large Corporate and Trust Service Providers. |
Christina Skelly - Manager. Christina joined the FSC in November 2004 from the Royal Bank of Scotland International, where she had worked as a Financial Planning Manager for five years. Christina has over 15 years of Financial services experience gained from previous appointments with Lloyds TSB and the Royal Bank of Scotland International. Christina was promoted to Manager in January 2007 and is responsible for the relationship management of a number of investment business licenceholders. She is a member of The Personal Finance Society and currently working towards obtaining the Diploma in Financial Services. | ![]() |
![]() | Victoria Liddle - Assistant Manager. Victoria joined the Commission in March 2007 as a Supervision Assistant Manager. Prior to joining the Commission Victoria was employed in various roles within the local financial services industry with her last role being within the Investment Division of a local Private Bank. Victoria is a graduate of Sheffield Hallam University with a 2:1 BA (Hons) degree in Urban Geography. Victoria is a Member of the Securities & Investment Institute and holds the Securities & Investment Institute Diploma. |
Bobby Keig - Manager. Bobby joined the Commission in June 2007. He first starting working on Funds in 1989 at Clerical Medical International in the Isle of Man, being involved in the product development and compliance areas as well as having exposure to life underwriting. In 1994 he joined Bank Of Bermuda (Isle of Man) Limited initially as Compliance Manager in respect of their custody and trustee work and latterly as a Relationship Manager as they started to undertake third party fund administration work. Having left the Bank in 2000 for a brief sabbatical, he re-entered the Funds world with Compliance roles at Castle Fund Administration Limited and Caledonian Trust (Isle of Man) Limited. In 2004 Bobby rejoined the former Bank of Bermuda (now HSBC Securities Services (Isle of Man) Limited) to work in their Company Secretarial department looking after the secretarial affairs of many of the fund vehicles they administered. Bobby has a BSc Honours degree in Aeronautical Engineering from the University of Manchester. | ![]() |
![]() | Bernice Oates - Manager. Bernice joined the Financial Supervision Commission in 2007, having previously occupied the position of Managing Director with a local Corporate Service Provider. Bernice has over eighteen years' experience in the local fiduciary services sector, with nine years at board level. During her career, Bernice has also held the positions of Company Secretary and Compliance Officer and she is a former Director of the Association of Corporate Service Providers. Bernice holds an Honours degree from the University of Liverpool and is a Fellow of the Chartered Management Institute. |
Mark Long - Manager. Mark joined the Commission in August 2007 as a Supervision Manager. Prior to joining the commission he was employed for over thirteen years in the local fiduciary services providers industry, latterly in the trust department of a private bank. Mark holds an Honours degree in Law from the University of Newcastle upon Tyne and is also an Associate of the Institute of Chartered Secretaries and Administrators. He is currently a student member of STEP. | ![]() |
![]() | Elaine McCormack - Manager.Elaine joined the Commission in May 2008 from Barclays Private Clients International. Here she spent almost 20 years, gaining experience in a variety of roles, latterly specialising in Corporate and Premier Banking, and Compliance. A member of the International Compliance Association, Elaine has completed the Diploma in Anti Money Laundering, Investment Advice Certificate, and the Isle of Man Certificate in Offshore Administration. |
Scott Trimble - Manager. Scott joined the Financial Supervision Commission in 2007, having previously occupied the position of Compliance Manager and MLRO for a local fiduciary services provider and has experience within the islands life assurance, banking and funds industries. Scott is a professional member of the International Compliance Association, an associate of the Compliance Institute and an associate of the Securities & Investments Institute. | ![]() |
![]() | John Corlett - Manager. John joined the Financial Supervision Commission in September 2007 having worked at Clerical Medical International for over 17 years. Undertaking a variety of roles, he gained a wealth of operational experience at Clerical Medical in the investments department. Most recently he had responsibility for and managed a team with oversight of reconciliations, client portfolio monitoring, reviewing investments and appointment of investment managers. John is an Associate Member of the Securities & Investment Institute gained by professional examinations and is also a member of the Compliance Institute. |
Sally Anne Cubbon - Assistant Manager. Sally Anne was born and educated on the IOM and has worked in the financial sector since leaving school. Sally Anne has recently joined the FSC with prior positions at a stockbrokers, London based asset/wealth managers and most recently 6 years in the local fund industry. | ![]() |
![]() | Jayne Corlett - Assistant Manager. Jayne joined the Commission in 2005, prior to which she was employed by the FSA in the UK for nearly 6 years. She gained experience within the CIS Authorisations team and also the Monitoring and Notification Department during her time at the FSA. Jayne has a BA Honours degree in English Literature and Language from The University of Liverpool. |
Nigel Boyde - Manager. Nigel joined the Commission in January 2008 and has over 25 years experience working in the Islands financial services industry, including exposure to the banking, CSP, Stockbroking and Funds industries. Nigel served on the committee of the IOM Fund Management Association for 3 years and is a qualified Chartered Secretary (ACIS).
Jean Dick – Manager. Jean previously worked in the Corporate Services Industry for 15 years before joining the Commission. Jean has completed the STEP International Diploma and is a full member of The Society of Trust and Estate Practitioners.
| DisabledGo Information | Terms & Conditions | ©2009 Isle of Man Government |



















