Board changes ahead of rebrand for CISE

Friday 03 March 2017

The Channel Islands Securities Exchange (CISE) has announced two changes to the Board of Directors.

Stephen Lansdown will step down from the Board with effect from June, while Isle of Man-based Anderson Whamond is joining.

The announcements come after a decision by shareholders of CISE to change the company name to The International Stock Exchange Group (TISEG).

This rebrand will take effect on the 6 March, just days before the launch of an office in the Isle of Man of 9 March.

Jon Moulton, Chairman of the CISE, said: “Steve was instrumental in the successful restructure of the Exchange business and I would like to pay tribute to his significant assistance as Deputy Chairman in guiding the CISE through its formative years and into a new era. We will miss him.”

Mr Moulton added: “At the same time, I am pleased to welcome Anderson to the board. He has worked for several different international institutions within the capital markets sector and, as such, he brings with him experience that will be invaluable as we expand the footprint of the business, including through our office in the Isle of Man." 

Mr Lansdown was appointed as a non-executive director of the Channel Islands Stock Exchange LBG (CISX) in May 2013. Following a restructure of the business towards the end of 2013, he became a founding non-executive director and Deputy Chairman of the CISE 

Mr Lansdown said: “The CISX was not in a great place at all when Jon and I joined its board, so while the restructure period was difficult, it was also necessary so that we could move the business forward. Since the formation of the CISE, we have made a number of major changes and passed some significant milestones. As an active shareholder, I will continue to take a keen interest in the business but now I can step away safe in the knowledge that the company is in very capable hands and ready for the next exciting phase of its development.”  

Pictured: Anderson Whamond, new member of the CISE board

Mr Whamond has over 30 years’ experience in the banking and financial sector.

He began his career in 1983 and his past employment record includes roles with the Credit Suisse First Boston group, Peregrine Investment Holdings Limited, the Regent Pacific Group and the Charlemagne Group. He remains a non-executive director of Charlemagne Capital (IOM) Limited and is also a director of a number of listed and non-listed investment companies.

Mr Whamond said: “I am delighted to be joining the CISE board of directors at such an exciting time in the life of the company. Jon and the rest of the team have done a fantastic job in the last few years and I am really looking forward to working closely with them in developing the business in a variety of aspects, especially the presence in the Isle of Man.”