The Isle of Man Insurance and Pensions Authority has appointed Michael Lightfoot as marketing executive to assist in the island's development as a centre for international retirement benefit schemes.
In developing the strategy, Lightfoot will be liaising with the Treasury’s international services division and will be working alongside Chris Shimmin, the authority’s pensions supervisor.
Lightfoot is to join the Isle of Man Insurance and Pensions Authority in August in a consultancy role and will report to chief executive Bill Hastings.
His appointment was prompted by the need to raise the Island’s profile as a prime location from which retirement benefit schemes may be managed or administered.
Lightfoot joins from an Isle of Man based financial adviser specialising in the provision of offshore financial products - including pensions - to oversees clients and companies.
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