Assistant Chief Minister for Financial Services, Digital, Competition and Innovation
Senator Philip Ozouf is the Assistant Chief Minister with special responsibility for Financial Services, Technology, Competition and Innovation.
Born in Jersey, he was educated at Victoria College and went on to the European Business School in London, Frankfurt and Paris. He then worked for one of the world’s largest multinationals on a range of projects across Europe, Africa, Asia Pacific and the United States.
In November 1999, he topped the poll in the Deputy elections in the Island’s largest constituency. In the 2002 Senatorial elections, Senator Ozouf topped the poll again and has since held numerous roles including: Vice Chairman of the Finance and Economics Committee, President of the Environment and Public Services Committee and Economic Development Minister. In December 2008, he was re-elected as Senator and appointed Minister for Treasury and Resources and Deputy Chief Minister. He was re-elected in 2011 as Minister for Treasury and Resources and then re-elected for a further term in the October 2014 Senatorial elections. He has been appointed to the role of Assistant Chief Minister with responsibility for Financial Services, Technology, Competition and Innovation.
During the financial crisis, Senator Ozouf was responsible for the allocation of fiscal stimulus programmes to support Jersey’s economy. In 2012, he amended the Jersey Finance Law to introduce three-year statutory budgeting, and later proposed the first Medium-Term Financial Plan, changing the way the States of Jersey plans its finances. He has also overseen the Comprehensive Spending Review of the Island’s spending to deliver £60 million in reoccurring savings. In 2014 Senator Ozouf successfully concluded the launch of a £250 million bond issuance to finance social and affordable housing, which met with high investor demand due to Jersey’s strong financial position and management.
In his current role Senator Ozouf is focusing on developing the financial services industry and supporting FinTech, innovation and competition.