The chief executive of the Isle of Man Financial Services Authority Karen Badgerow has signalled her intention to leave her post earlier than planned in the latter part of 2021.
She has been with the authority since its inception in November 2015 and was due to leave in 2022 at the end of a seven- year assignment.
In announcing her resignation she confirmed her ’keen desire’ to spend more time with her family back in Canada and to pursue some personal interests as the drivers for this decision.
An announcement on the FSA’s website indicates Mrs Badgerow will work closely with FSA chairman Lillian Boyle and the board of the authority over the coming months to assist with the recruitment process and ensure a smooth transition to the new chief executive.
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One of her first tasks when she arrived in 2015 was to oversee the merging of the Financial Services Commission with the Insurance and Pensions Authority.
Prior to coming to the Isle of Man she served more than 30 years with the Canadian government in senior roles in financial services regulation.
Most recently she was senior vice-president with the Canada Deposit Insurance Corporation (CDIC) heading up its insurance and risk assessment division.
Before joining CDIC, she spent more than 25 years with the federal banking and insurance regulator, the Office of the Superintendent of Financial Institutions, and was responsible in her last position for oversight of the federal banking sector.
She also represented Canada on a number of international committees.