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Finance Director, Mr. Ian Jarritt. Mr. Jarritt is the Finance Director of ManSat Limited. He is also a Main Board Director of ManSat Limited. He also presently serves as the Chairman of Inmarsat Launch Services Ltd.
Ian joined ManSat from his position as Managing Director of Domestic Island Banking, NatWest Offshore, a position he held since August 1996. There his role included responsibility for the performance and strategic direction of NatWest Group branch banking operations in Jersey, Guernsey and the Isle of Man. Mr. Jarritt came to the Isle of Man in September 1994 to take the position of Chief Executive of the Isle of Man Bank.
While with NatWest Offshore, Mr. Jarritt managed deposits of £3.3 billion ($4.7bn) and lending of £978 million ($1.4bn). The businesses under his control delivered an after-costs contribution of £72.2 million ($103.2 million) in 2000. He was a director of NatWest Offshore Ltd and Coutts (Isle of Man) Ltd and chaired the Ulster Bank (Isle Of Man) Limited Board, the Isle of Man Bank (Leasing) Limited Board and the Lombard Manx Limited Board. He has a wealth of experience in banking having joined National Westminster Bank in 1968. His career progressed through various branch and head office positions until in 1984 he was appointed as Personal Assistant to the then National Westminster Group Chairman, Lord Boardman. From there he moved to the Special Financial Services Sector within NatWest’s International Division where he was responsible for devising structured finance solutions for the Bank’s major corporate customers and encouraging new business in this area. This led to his appointment as head of the NatWest Financial Structuring Unit which comprised a team of 19 specializing in tax and treasury based financial structures.
In early 1991 Mr. Jarritt moved to NatWest’s United States subsidiary, based in New York and New Jersey, where he was firstly Head of Corporate Planning within the Business Strategies Division and subsequently Director of Marketing for the Group’s 300 strong branch network in the New York / New Jersey area. He was closely involved in the acquisition of two New Jersey Banks which were successfully absorbed into the Group during his tenure.
With a broad involvement in the general business fabric of the Isle of Man, he sits on the Isle of Man Civil Service Commission, a tribunal comprising a Political Chairman, the Chief Secretary – i.e. Head of the IOM Civil Service – and a non-political member. The Commission is constituted under the Civil Service Act and is the legal Employer of all Isle of Man Civil Servants. Specifically it is the executive body responsible for the terms and conditions for the Isle of Man's 2,100 Civil Servants.
He is a member of the Isle of Man Executive Club and the Isle of Man Euro Club. He was until recently a trustee and member of the management board of Isle of Man Hospice Care. He was Mentor to participating teams in the Manx Executive Challenge 2000, an Institute of Management sponsored project-based programme for young business people in the Isle of Man.
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