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Conister Bank has a new chairman.

 

John Spellman, who has been a director at Conister for two years, succeeds David Gibson, who has retired as chairman of the bank and director of its parent the Manx Financial Group.

 

During the pandemic Conister, as an independent bank headquartered in the Isle of Man, had the flexibility to tailor its support for Manx businesses.

That adaptability remains key as the immediate future for the economy continues to contain uncertainties, with the effects of Brexit and rises in the cost of living.

 

Mr Spellman said that, in terms of Brexit, the Isle of Man experiences the effect on a secondary level,

 

‘We couldn’t sell financial services in Europe anyway,’ he explained. ‘The direct effect was to do with exports.

 

‘The secondary effect is that customers that have got groups that operate with other countries, they are operating on a higher cost base and with the additional bureaucracy they need to be able to be flexible.’

 

Mr Spellman, 55, is a well-known figure in Manx business circles, having been part of the scene since 1987, save for a five-year spell working in the UK at the turn of the century.

 

One of Mr Spellman’s most high profile previous roles was with the government agency Isle of Man finance, where he was the strategic adviser to the national strategy group and director of inward investment for finance.

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