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Isle of Man chief minister Brown to retire

By International Adviser, 7 Sep 11

Isle of Man chief minister Tony Brown is to retire, leaving a vaccuum at the top.

Isle of Man chief minister Tony Brown is to retire, leaving a vaccuum at the top.

A poll on the Isle of Man Today’s website yesterday found that former Isle of Man treasury minister Allan Bell, who now heads the island’s economic development department, is the No. 1 choice to succeed Brown, with the backing of 25% of the readers who opted to vote (as of midnight last night).

The website readers’ second choice, with 21% of the votes cast, was speaker of the House of Keys Steve Rodan, followed by “someone else” with a 20% share.

Brown, whose formidable, now-silver-coloured handlebar moustache has made him a distinctive face in the House of Keys, as the IoM legislature is known, began his career in IoM politics in 1976.

In a statement, Brown said he had been fortunate to have been able to serve the people of Castletown and the island for as long as he did.

"As a political representative I have always endeavoured to be accessible, approachable and open with people,” he added.

"I have also endeavoured to act impartially and with integrity."

It was during Brown’s watch that the Isle of Man saw the local branch of an Icelandic Bank, Kaupthing, Singer & Friedlander, collapse with the fall of the parent company, leaving hundreds of bank customers out-of-pocket.
 
The island also weathered scrutiny from the UK and other G20 governments keen to find a scapegoat for their financial troubles in 2008, and an unexpected change in the value-added-tax sharing system between the UK and the Isle of Man, which left the island less well off than before to the tune of hundreds of millions of pounds in revenue.

Tags: Isle Of Man

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.