The Channel Islands Securities Exchange Authority Limited (CISEA) has further strengthened its Board with the promotion of two senior executives.

Robbie Andrade and Jon Richards have both been made Directors of the company with effect from 1 July. They join Mark Tubby, Chairman, and Advocate Diana Thompson, CEO, on the Board of CISEA.

CISEA is licensed to operate an investment exchange under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, by the Guernsey Financial Services Commission (GFSC)

Advocate Thompson said: “I am delighted to welcome Robbie and Jon to the Board of CISEA. Their appointments add to the executive membership of the Board and further strengthen our governance of both the Exchange and the company. In addition, their range of skills not only adds to the diversity of expertise on the Board but also demonstrates the importance we place on regulation within this part of the business.”

Mr Andrade joined the Exchange in April 2005 and now has responsibility for the day to day running of the Listings Department. Born in Guernsey and a naturalised citizen of Portugal, he is bilingual, has a BA Honours Degree in European Law from the University of Lancaster and holds a number of management and leadership qualifications from the Chartered Management Institute (CMI), of which he is a full member.

Mr Andrade said: “I am delighted to have been promoted to the Board of CISEA. It is an exciting time for the company and I am looking forward to continuing to develop our dynamic team and moving forward with several new initiatives.”

Mr Richards heads up CISEA’s regulatory team, with responsibility for market surveillance, continuing obligations, compliance and membership. He joined the Exchange in 2014 following a career in law enforcement. Jon had been managing the Financial Criminal Team at the Financial Investigation Unit immediately prior to joining CISEA.

Mr Richards added: “I am enjoying the range of work at CISEA and the challenge this has provided me. I am looking forward to playing a part in its future as we continue to develop the governance and systems of the Exchange.”

CISEA is the wholly owned subsidiary of the listed parent company, The Channel Islands Securities Exchange Limited (CISE).

Fiona Le Poidevin, CEO of the CISE, said: “I am extremely pleased for both Robbie and Jon to have been promoted to the Board of CISEA. It is great that these appointments have been made from within the company as it demonstrates the range of opportunities and career pathways which are available through the Exchange.”