An independent internal investigation has decided that the scandal that engulfed Guernsey Finance last year did not reflect any wider problems at the organisation.
A spokesperson for Guernsey Finance has confirmed the matter is now considered “concluded”.
“Following events in November 2025, the Board commissioned an independent internal investigation and notified the Office of the Data Protection Authority,” explained the spokesperson.
“The ODPA found no regulatory action was warranted and the independent investigation found no evidence of wider issues in Guernsey Finance’s governance, organisational practices or culture. Guernsey Finance remains focused on its work and considers the matter concluded.”
The investigation was launched after footage was inadvertently recorded through a Teams meeting.
Rumours about the initial incident started spreading around Guernsey, and further afield, in mid-November.
The former Chief Executive of Guernsey Finance, Rupert Pleasant (pictured top) resigned from his position on Friday 14 November, before his former Communications Director, Rosie Allsopp, also left the organisation later that month.
Barnaby Molloy – the former Deputy Chief Executive of Guernsey Finance – was given the top job on a permanent basis soon after the scandal had erupted.
Commenting on his appointment in December, Mr Molloy said: “I am pleased to take on the role of Chief Executive at a time of both opportunity and challenge for our finance sector.
“Guernsey Finance plays a vital role in promoting and connecting our industry, which is respected around the world, and my focus will be on continuing to build on the strong foundations already in place, working closely with our members and partners to strengthen the island’s global profile and support long-term, sustainable growth.”
Guernsey Finance is an independent organisation, supported financially by the States of Guernsey, to promote the finance industry to the world.
It provides research, marketing, communications and business development services to connect local business with the rest of the world and raise the profile of the islands as an offshore finance centre internationally.
It works across the UK, United States, South Africa and the Middle East with dedicated representatives in place to achieve this.
The States provides the majority of funding to Guernsey Finance – currently £2.5m per year. It receives another £1m per year from industry members for operational costs.
Representatives from the States of Guernsey and the Guernsey International Business Association sit on its board.
Financial services makes up 40% of the island’s economy employing around 6,000 people.