Storey is a Guernsey advocate with over 22 years of experience as a commercial lawyer, the firm said in a statement. She has spent the last 16 years in Guernsey practising financial services law, specialising in investment funds and financial transactions. She is also a Guernsey insurance expert.

In addition to Guernsey Finance, she sits on the executive committee of the Guernsey Investment & Funds Association and the Market Development Committee of the Guernsey International Insurance Association, the firm continued. She is also past chair of the Guernsey Commercial Bar Association and the GIIA Pensions De-risking committee.

Sykes is managing director of Aon Insurance Managers in Guernsey – Europe’s largest (re)insurance management company – which also includes the White Rock PCC and ICC companies. He originally trained with Royal Insurance, before setting up Aon’s operations in Malta and Gibraltar, the firm said.

He has chaired most of the insurance trade association and professional bodies in Guernsey and is currently the deputy chairman of the Guernsey International Business Association. 

Welcoming them to the board, chief executive, Rupert Pleasant, said: “Kate and Paul each bring a wealth of knowledge and experience, not only in funds, insurance and law, but more generally throughout financial services too, which will be a huge asset to have within Guernsey Finance.” 

“I would also like to take this opportunity to thank our outgoing directors, Marie McNeela and Christopher Jehan, for their valuable contributions to Guernsey Finance during their time in the role,” he added.