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MEMBERSHI P OF THE F INANCIAL
SERVICES AUTHOR I TY
Geoff Karran MBE, TH (Chair)
Geoff Karran was appointed to one of the predecessor organisations in July
2007 and became Chair in April 2012. He was subsequently appointed Chair
of the Isle of Man Financial Services Authority in November 2015. He was
admitted to the Manx Bar in 1969 and during his time as an Advocate he
became Senior Partner in Dickinson Cruickshank and served for three years
as President of the Isle of Man Law Society. Geoff retired from practising law
in February 2007. In March 2008 he was appointed Deputy Police Complaints Commissioner and
then Police Complaints Commissioner in March 2009. Geoff was awarded the MBE in the New Year’s
Honours List 2009. He was bestowed with the Freedom of the Borough of Douglas in 2012 and
awarded the Tynwald Honour in 2015.
Lillian Boyle (Deputy Chair)
Lillian Boyle was appointed to one of the predecessor organisations in April
2012 and appointed Deputy Chair of the Isle of Man Financial Services Authority
in November 2015. She is a lawyer, a Chartered Fellow of the Securities and
Investment Institute, a Fellow of the Chartered Insurance Institute (CII) and
a Chartered Insurer as well as a Trust and Estate Practitioner. Lillian has been
Managing Director and Chairman of different Isle of Man based International
Life Companies and has held various non-executive roles in the investment and
trust sectors in the Island. She has been a member of the UK Financial Reporting Council’s Conduct
Committee being particularly involved in the oversight of Audit Quality Review work.
Currently she holds a position with a UK financial services group and is a Trustee and Audit & Risk
Chair of a UK based charity. She is a former UK President of the CII and sits on the CII Professional
Standards Board. Lillian has also served as a Governor of University College Isle of Man as well as
having been Chairman of various local professional and industry bodies.
Karen Badgerow
Karen Badgerow was appointed to the position of Chief Executive in
November 2015. Prior to that she served over 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 Karen spent over 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 including the Senior Supervisors Group and the
FSB’s Supervisory Intensity and Effectiveness Committee. Karen holds a Bachelor’s degree and a
Master’s degree in Public Administration from Carleton University in Ottawa, Canada.
APPENDIX B
34 • Isle of Man Financial Services Authority Annual Report 2016/17