Marcus Killick

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Marcus Killick
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Born (1962-12-12) December 12, 1962 (age 61)
Surrey
NationalityEnglish
Alma materUniversity of Leeds
Occupation
  • English Barrister
  • CEO

Marcus Killick, OBE (born 12 December 1962, Surrey) is a retired English Barrister and former CEO of the Gibraltar Financial Services Commission (GFSC).

Much of Marcus' work has centred around improving International Financial Centre Standards, including fighting money laundering. During his time in Gibraltar, he was rated in the list of most influential people in the financial world.[1]

Education

Having been educated at Kings College School, Wimbledon, Marcus read law at the University of Leeds in the same year group as Keir Starmer. He subsequently qualified as an English Barrister and New York Attorney. Marcus also holds an MPhil and is a Chartered Fellow of the Chartered Institute for Securities & Investment (CISI).

Career

Early career

After working in the finance industry, in 1994 Killick moved to the Isle of Man as Head of Financial Services at the Financial Supervision Commission, becoming Deputy Chief Executive. He then became Head of Banking, Investments and Funds at the Cayman Islands Monetary Authority before returning to the UK to work at KPMG. Whilst at KPMG he was Director of the team appointed by the UK and Overseas Territories to review their financial services legislation and supervision. This was regarded as the most detailed review of its kind and led to numerous changes in the regulation and legislation at the time in the jurisdictions covered.

Killick was also principal author of two Transparency International reports on money laundering and led a team reviewing the fight against money laundering by members of the Caribbean Anti Money Laundering Programme (CALP).

In 2003, Killick was appointed by the then Home Secretary of the Government of the UK to head up the Gibraltar Financial Services Commission.

Gibraltar Financial Services Commission (GFSC)

Killick was the longest-serving CEO of the GFSC, with his appointment running from 2003 to 2014. Renewed twice by different Gibraltar governments, he saw Gibraltar through two intentional reviews, one by the International Monetary Fund (IMF). He also led several investigations on illegal financial services activity in the jurisdiction. During his time in office he was rated above the Gibraltar Chief Minister in a list of the most influential individuals in the financial world.[1]

Despite being criticised early in his term for his salary level by Vox newspaper, he was widely thanked by Government, Opposition, and Industry on his departure,[2][3] and awarded the OBE for services to the regulation of financial services in Gibraltar in the 2014 New Year’s Honours list.[4]

Later career

After leaving the GFSC, Killick became CEO of ISOLAS LLP law firm and assumed several other new roles, including a non-executive director of the Gibraltar International Bank[5] and Co-Chair of the Gibraltar Office of Fair Trading (OFT).[6] He is also a member of the board of the Independent Monitoring Authority.[7]

Personal life

Divorced with three adult children, Killick’s former wife, Jillian Mortimer, is the MP for Hartlepool. During her successful by-election campaign, she and Killick were criticised by the Labour Party for living in the Cayman Islands. Following a strong rebuttal by the Conservative Party detailing his actual role there, the criticism ceased.[8][9]

In addition to writing extensively on international finance centres, Marcus also writes light-hearted articles on a range of issues, originally for The Gibraltar Magazine, many of which are still available on his personal page, Tales from Gibraltar.

References

  1. 1.0 1.1 https://www.financialcentresinternational.com/FCI500/#:~:text=146,Services%20Commission%20Gibraltar
  2. "Apr 05 - FSC CEO Steps Down". Your Gibraltar TV. 2013-04-05. Retrieved 2023-09-16.
  3. "GFSC". 5 April 2013.
  4. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/269446/New_Year_Honours_2014_Foreign_Secretary_overseas_list.pdf
  5. "New ventures to meet growing need". Gibraltar International Magazine. 2015-05-29. Retrieved 2023-09-16.
  6. https://www.gibraltarlaws.gov.gi/legislations/notice-of-appointment-2774/download
  7. "Who we are". Independent Monitoring Authority. Retrieved 2023-09-16.
  8. "The Yorkshire Post". 27 April 2021.
  9. "The Daily Mail". 27 April 2021.

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