PERMANENT Bank International has appointed Mike Clay as compliance manager.
Mike began his career in the finance sector in 1983 with Barclays and worked in various branch banking roles around Liverpool and Wirral before moving to the company’s Water Street Head Office in Liverpool in the late 1980s.
He then worked in regional office administration and the corporate securities division within Barclays.
He moved to the Isle of Man in 1993 when he was involved in the launch of Barclays’ offshore banking centre.
Mike then joined Barclays International Premier Banking as a client relationship manager looking after sales and servicing for a portfolio of international clients.
His last role with Barclays was within compliance and he worked in regulatory monitoring until he left the company in 2005.
He joined Close Bank (now Kleinwort Benson) as a compliance officer and held this role until 2011.
Prior to joining Permanent Bank International Mike worked on two short term contracts in compliance roles for AIB International Savings and Axa Wealth - both in the Isle of Man.
Mike said: ‘Joining Permanent Bank International is a great opportunity for me to contribute to the ongoing development of the business.
‘My role involves ensuring that the business expands in line with regulatory requirements, while retaining a client focused approach.
‘The business has a very positive outlook and I am looking forward to the future with the team here.’
Carlton Freegard, managing director of Permanent Bank International Ltd, welcomed Mike to the business and said: ‘Mike’s experience and impeccable reputation built up over many years in the finance sector makes him a valuable addition to our already experienced team.
‘His appointment is part of our strategic plan to strengthen and grow the business and I’m sure he will make a significant contribution to the future of Permanent Bank International.’
Permanent Bank International is based on the second floor of Britannia House, Athol Street, and employs 13 staff, many of whom have been with the bank for more than a decade.