Jersey Finance CEO Geoff Cook has decided to step down after holding the role for 12 years.

Jersey Finance said that Cook has navigated the organisation through the financial crisis and was integral in pushing forward Jersey as an international finance centre of excellence.

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Cook, who took over the reins of the organisation in 2007, has previously served in senior positions in wealth management and financial planning. He also chairs the Jersey Employment Trust.

“It is an opportune moment for a new leader with a fresh perspective to help shape the future direction of our industry. After a long and privileged career as an ambassador for Jersey, I plan to transition to a non-executive career in financial services as a board director and adviser,” Cook said.

The Jersey Finance board is currently working alongside the Appointments Commission to search for Cook’s replacement.

Jersey Finance chairman Gunther Thumann said: “On behalf of the Jersey Finance Board, I would like to sincerely thank Geoff for his fantastic contribution to Jersey Finance and the success of our industry over his 12 years of service.

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“He has played a pivotal role in shaping our future through his expertise, commitment and passion. He has been a brilliant ambassador for Jersey and is highly regarded by all those who have met with him locally and internationally.”