The chairman of the Financial Services Commission (FSC), Mauritius, Marc Hein, has announced his decision to resign from his position with effect from May 30, 2014.

He stated the need to put forward his career, his chambers and his family before his public service appointment as the key motive behind his resignation.

Appointed as FSC chairperson on March 19, 2012, Marc Hein has been actively involved in public service for almost four years.

“It was an enriching experience to work with him. Our skills set and experience complemented each other,” said FSC CEO Clairette Ah-Hen.

“His guidance has been meaningful, and the FSC has, over the past two years, achieved a lot in spite of the challenging times that the sector had to face,” she added.

In addition, Marc Hein stated that as FSC chairman, he not only got the opportunity to share his expertise but also provide guidance to the commission during challenging times.

“It has been a unique opportunity for me to be able to contribute, over the past two years, towards consolidating the position of the Mauritius international financial centre as a jurisdiction of substance and sound repute,” Marc Hein said.

“I have informed the Prime Minister and the Vice Prime Minister and Minister of Finance that I am resigning from the Chair of the FSC on the 30th May 2014. Also, I am sure that the FSC will continue on sound foundations and I am very confident of the future of Financial Services in Mauritius,” he added.

Prior to joining FSC Mauritius, Hein served as Chairperson of the National Economic and Social Council.

Marc Hein started his career as a barrister in 1980 and is the founder of the Juristconsult Chambers, one of the largest law firms in Mauritius, where he is specialized in business related laws, including corporate, commercial and banking.

Established in 2001, FSC is the integrated regulator for the non-bank financial services sector and global business. The FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

Image (FSC): He stated the need to put forward his career, his chambers and his family before his public service appointment as the key motive behind his resignation.

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