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Treasury Advisory Panel: Approval of the appointment of the new Chair

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A decision made on 22 April 2022

Decision Reference:  MD-TR-2022-302

Public

Subject: Approval of the appointment of the new Chair of the Treasury Advisory Panel

 

Report Title: Approval of the appointment of the new Chair of the Treasury Advisory Panel

Public

Decision(s):

The Minister decided to approve the appointment of Lynn Cleary as the new Chair of the Treasury Advisory Panel for a 3-year term with effect from 1st May 2022.

Reason for Decision(s):

The Minister for Treasury and Resources and the Treasurer of the States have a range of powers and responsibilities relating to Treasury matters provided for through the Public Finances (Jersey) Law 2019. The Treasury Advisory Panel ('TAP') was established by the Minister to provide advice on discharging these responsibilities and exercising relevant powers. The primary focus of the Panel was to advise on matters relating to investment. In line with the TAP terms of reference, clause 2.4, the Chair of the TAP shall be appointed by the Minister. The current Chair, Philip Taylor, is retiring on 30th June 2022 and a replacement was required.

Resource Implications: Resource Implications:   The Chair position will continue to be remunerated at the same rate of £18,000 per annum (paid monthly) which will be recharged to the Common Investment Fund. The appointment process was administered by the Treasury and Investment Management team as part of their day-to-day activities.

 

Action Required: The Head of Financial Governance to notify the Director of Treasury and Investment Management when the decision has been signed. The Treasury and Investment Management team will ensure changes are implemented and an Engagement Letter is issued.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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