Ban for trust company head
Monday 8th March 2010, 3:00PM GMT.
THE head of a former trust company, who has debts totalling £1 million, has been banned from working in Jersey’s finance industry.
Michael Keith Sun (54), of St Brelade, was the managing director of Centurion Management Services Ltd, which was wound up in October 2009.
An investigation into the company last year by the Jersey Financial Services Commission revealed a catalogue of failings in the way it was run.
The probe identified apparent misuse of client accounts by Centurion directors as well as breaches of trust company laws.
A second more recent investigation by the JFSC into Mr Sun’s conduct as managing director of Centurion has led to his expulsion from working in the finance sector.
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