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Kate appointed to help protect bank deposits


Kate Storey is an independent non-executive director and consultant with over 20 years of legal experience and expertise in the insurance, investment funds and wider financial services markets. She is a qualified Guernsey Advocate and a former English Solicitor.

In September, Kate was confirmed by the States of Deliberation as a board member of the Guernsey Banking Deposit Compensation Scheme. It’s an executive role, responsible for the day to day administration and resourcing of the Scheme which provides compensation for depositors in the event of failure of Guernsey licensed banks.

We asked Kate about the recruitment process and what inspired her to apply:


How did you find out about the role, Kate?

Through an advert in the Guernsey Press and also via Women in Public Life.

What attracted you to it?

It fits my legal skill set and experience of working in the Guernsey finance sector for the last 16 years; the Scheme has an essential role in Guernsey’s financial safety net and in consumer protection of depositors in Guernsey and I’m proud to be playing a part in that.

What was the recruitment process like?

It’s an appointment made by the States Committee for Economic Development which can be annulled by the States of Deliberation at a States meeting to which it is presented.

There was a formal recruitment process requiring submission of a Person Specification Document setting out, amongst other things: your legal/regulatory background; experience of serving on a board; experience at a senior level of banking law and regulation; knowledge of the Guernsey financial services industry; and experience of working on cross-border projects. Candidates also had to give a presentation on relevant issues during the interview.

The interview panel comprised of the Chair and Deputy Chair of the Scheme Board and a representative of the Committee for Economic Development.

What are you looking forward to achieving?

I’m looking forward to continuing the good work of the Board members to date, in particular ensuring the Scheme’s legislative framework continues to meet evolving international standards, and further developing relations with international bodies and compensation schemes in other jurisdictions which are relevant to Guernsey’s banking industry.

Kate’s CV.
Original job description for board member of the Banking Deposit Compensation Scheme.

Guernsey’s iconic women of the future?

Thank you for nominating a young woman or girl for our future iconic Guernsey women campaign to celebrate International Women’s Day!

Nominations close on Sunday 6 March at 17.00.

Please fill in the details below.


Miriam Makeba - South Africa

Nominated by: Christine James

Zenzile Miriam Makeba (1932 to 2008), nicknamed Mama Africa, was a South African singer, songwriter, actress, United Nations goodwill ambassador, and civil rights activist. Associated with musical genres including Afropop, jazz, and world music, she was an advocate against apartheid and white-minority government in South Africa. In 2020 she was named one of Time magazine’s 100 women of the century. 

South Africa is ranked 12th in the world for percentage of women in national parliament: 45.8% (source: 

Are you from South Africa? Please email if there is a social or cultural group for people from South Africa in Guernsey.

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The original image “The Hague Jazz 2008 – Miriam Makeba” by Haags Uitburo is licensed under CC BY-NC-SA 2.0. 


Jacinda Ardern - New Zealand

Nominated by: Martin Lock

Jacinda Ardern (born 1980) has served as prime minister of New Zealand and leader of the Labour Party since 2017. In 2019, she led the country through the aftermath of the Christchurch mosque shootings, rapidly introducing strict gun laws in response, and throughout 2020 she directed the country’s widely praised response to the COVID-19 pandemic. Ardern was the world’s second elected head of government to give birth in office when her daughter was born in 2018. ‘An inspiring Prime Minister who brought a nation together with true leadership, empathy and compassion.’

New Zealand is ranked 4th in the world for percentage of women in national parliament: 48.3% (source: 

Other iconic women: Dame Whina Cooper, nominated by Claire Fisher, and Kate Sheppard, nominated by Anna Cooper.

Are you from New Zealand? You may be interested in joining the ANZACs in Guernsey Facebook group

Want to learn more about public office vacancies in Guernsey? 

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