Guernsey Finance announced today that no further action will be taken following an investigation prompted by the resignation of its former chief executive, Rupert Pleasant. Pleasant stepped down from his role in November after serving since March 2020, citing “recent events” that the organization deemed “extremely serious.”

The investigation was initiated in response to Pleasant's departure, which occurred without a detailed explanation initially provided by Guernsey Finance. While the nature of the “recent events” remains undisclosed, the organization’s statement indicates a thorough review was conducted.

Rupert Pleasant’s tenure as CEO began in March 2020. His resignation in November marked a significant change for Guernsey Finance, a promotional agency responsible for representing the island's financial services industry internationally. The organization plays a key role in attracting investment and maintaining Guernsey's reputation as a leading international finance centre.

Guernsey Finance has not released any further details regarding the specific findings of the investigation or the circumstances surrounding Pleasant’s resignation. The organization's decision to take no further action concludes the internal review process.