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Isle of Man takes swift action to update funds regime New head for Isle of Man Finance
The Isle of Man, which has seen alternative fund assets grow from USD7bn in 2003 to a current level of USD50.1bn
 John Spellman has been appointed as director and head of Isle of Man Finance on a two-year contract with a brief to review the strategy and operations of the organisation.
   

Isle of Man takes swift action to update funds regime

The Isle of Man, which has seen alternative fund assets grow from USD7bn in 2003 to a current level of USD50.1bn, is aiming for an ambitious total of USD100bn under administration and USD50bn under management by the end of 2010 through a new drive to update its funds regime and attract both asset managers and fund domiciliation to the island.

New head for Isle of Man Finance

John Spellman has been appointed as director and head of Isle of Man Finance on a two-year contract with a brief to review the strategy and operations of the organisation. Isle of Man Finance is a division of the island's treasury department responsible for promoting and developing financial services.
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