Brendan McMahon, who is also Chair of the Group’s Audit and Risk Committee, spent 22 years as a Partner with PwC, where he also held the role of CEO.

He was a member of the PwC UK assurance leadership team, as well as the PwC Global Asset and Wealth Management Leadership Team, acting as Global Private Equity Leader and European Private Equity leader for the asset management sector.

“Brendan is an outstanding finance professional and brings a wealth of experience to the Group at a time when, despite unprecedented global circumstances, we continue to invest and expand, particularly in Jersey,” Le Masurier’s Managing Director Brian McCarthy said.

“The Board warmly welcomes Brendan and very much looks forward to working with him.”

Mr McMahon added: “I am excited to support one of the oldest established firms in the island, with a reputation for acting as a responsible investor, with interests not just locally but also in mainland UK and continental Europe.”