CANADA Life International Limited (CLI) is pleased to announce the appointment of Michael Quine to the position of compliance officer.
Michael has worked in the finance sector in the island since leaving Ballakermeen High School in 1997.
Before joining CLI he spent a number of years working for both Lloyds TSB and Zurich International Life.
During his employment with Lloyds TSB he led several teams including risk, payments and treasury.
His responsibilities included managing staff, identifying and resolving cheque fraud, overseeing international payments, standing orders, direct debits, account reconciliations and treasury deposits.
More recently Michael worked within the regulatory policy team at Zurich assessing regulatory changes and the impact these changes may have on the business.
In addition to assessing impact he was also involved in several projects implementing necessary regulatory changes and where necessary delivered training to ensure understanding and compliance.
Michael was also the European employee forum representative for Zurich attending seminars held by the business.
Building on his previous experience Michael has been appointed to the role of compliance officer at CLI. His responsibilities include the role of money laundering reporting officer (MLRO), fraud prevention officer, and data protection officer. Since joining Michael has undertaken a review of corporate governance, delivered training to new staff on anti money laundering, fraud prevention and data protection, reviewed literature and begun to feed into a number of company projects.
Sean Christian, managing director, Canada Life International Limited, said: ‘I’m absolutely delighted that Michael has joined our team, bringing with him extensive compliance experience from his previous companies.
‘It’s particularly pleasing for me to see the development and career progression of “home grown” talent from within the Isle of Man, an aspect that is a key focus within CLI.
‘We have a number of exciting and major strategic initiatives under way.
‘Michael will be central to the compliance and regulatory aspects of those developments’.
Michael Quine said: ‘I’m very happy to have joined CLI on the back of a very successful year for the company. I believe this success is based on the strong compliance foundations that are in place and I look forward to being able to contribute to CLI’s ongoing future success.’