Geoffrey Colin Powell (17 September 1937 – 13 May 2019) was a British economist who was influential in the development of the financial services industry in Jersey. Powell's Economic Survey of Jersey was published in 1971 and helped recommend the diversification of the economy of Jersey away from agriculture and tourism towards financial services. Powell served as an Economic Adviser to the Jersey government between 1969 and 1992. Biography Powell was born in 1937 to Eric and Kate Powell and was educated at Wallington County Grammar School in Sutton, South London. He graduated from Jesus College, Cambridge with a first class degree in Economics in 1961. Powell married Jennifer Mary Catt in 1962, the couple had three daughters. Powell was appointed an Officer of the Order of the British Empire (OBE) in 1995 and a Commander of the Order of the British Empire (CBE) in 2005 for 'services to Financial Regulation and to the community in Jersey'. Powell was the chair of the Jersey Child Care Trust from 2001 to 2012 and an honorary member of the honorary member of the NSPCC Council. Powell was a Paul Harris Fellow of Rotary International. In 2013, Powell was awarded a Lifetime Achievement Award by the Institute of Directors of Jersey. Outside of Jersey, Powell served as the Chairman of the Group of International Finance Centre Supervisors (formerly the Offshore Group of Banking Supervisors) from 1981 to 2011. Powell served on the Financial Action Task Force on combating terrorist financing and money laundering and was additionally co-leader of two Financial Action Task Force groups on money laundering and human trafficking and the abuse of corporate vehicles. Powell was Chair of the Basel Committee on Banking Supervision's Cross-border Banking Working Group of the Bank for International Settlements in the 1980s. Powell worked as Vice Chair of an OECD Peer Review Group that developed international standards for exchange of information for tax purposes. A portrait of Powell, painted by Jason Butler, is in the collection of the Jersey Museum and Art Gallery. It was commissioned by Jersey Heritage. Powell died in May 2019, his funeral took place at the Parish Church of St Helier. A tribute was paid to Powell at the OECD Global Forum on Transparency and Exchange of Information in Paris in 2019. A series of memorial lectures were planned in Jersey in tribute to Powell.

From Wikipedia (CC BY-SA 4.0).

Notable quotes

“Our strategy in going after this army is very simple. First we are going to cut it off, and then we are going to kill it.”
— Remark made as Chairman of the Joint Chiefs of Staff, announcing the U.S. gulf war plan against Saddam Hussein's army. Pentagon press briefing (23 January 1991).
“There can be no doubt that Saddam Hussein has biological weapons and the capability to rapidly produce more, many more.”
— Remarks to the United Nations Security Council (5 February 2003); in an interview (September 2005) with Barbara Walters, Powell was asked about the Security Council speech and responded that it was a "blot" on his record... "it will always be a part of my record. It was painful. It's painful now."
“There is only one China. Taiwan is not independent. It does not enjoy sovereignty as a nation, and that remains our policy, our firm policy.”
— Interview with CNN (27 October 2004), as quoted in "Warnings by Powell to Taiwan Provoke a Diplomatic Dispute" in The New York Times (28 October 2004).
“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.”
— This evokes Will Durant's famous summation of Aristotle: "Excellence then is not an act, but a habit."
“I believe that when you first take over a new outfit, start out trusting the people there unless you have real evidence not to. If you trust them, they will trust you, and those bonds will strengthen over time. They will work hard to make sure you do well. They will protect you and cover you. They will take care of you.”
— p. 75
“As successes come your way, remember that you didn't do it alone. It is always we.”
— p. 266

Quotes via Wikiquote (CC BY-SA), each with its original source.

Overview

Geoffrey Colin Powell (17 September 1937 – 13 May 2019) was a British economist who was influential in the development of the financial services industry in Jersey. Powell's Economic Survey of Jersey was published in 1971 and helped recommend the diversification of the economy of Jersey away from agriculture and tourism towards financial services. Powell served as an Economic Adviser to the Jersey government between 1969 and 1992. Biography Powell was born in 1937 to Eric and Kate Powell and was educated at Wallington County Grammar School in Sutton, South London. He graduated from Jesus College, Cambridge with a first class degree in Economics in 1961. Powell married Jennifer Mary Catt in 1962, the couple had three daughters. Powell was appointed an Officer of the Order of the British Empire (OBE) in 1995 and a Commander of the Order of the British Empire (CBE) in 2005 for 'services to Financial Regulation and to the community in Jersey'. Powell was the chair of the Jersey Child Care Trust from 2001 to 2012 and an honorary member of the honorary member of the NSPCC Council. Powell was a Paul Harris Fellow of Rotary International. In 2013, Powell was awarded a Lifetime Achievement Award by the Institute of Directors of Jersey. Outside of Jersey, Powell served as the Chairman of the Group of International Finance Centre Supervisors (formerly the Offshore Group of Banking Supervisors) from 1981 to 2011. Powell served on the Financial Action Task Force on combating terrorist financing and money laundering and was additionally co-leader of two Financial Action Task Force groups on money laundering and human trafficking and the abuse of corporate vehicles. Powell was Chair of the Basel Committee on Banking Supervision's Cross-border Banking Working Group of the Bank for International Settlements in the 1980s. Powell worked as Vice Chair of an OECD Peer Review Group that developed international standards for exchange of information for tax purposes. A portrait of Powell, painted by Jason Butler, is in the collection of the Jersey Museum and Art Gallery. It was commissioned by Jersey Heritage. Powell died in May 2019, his funeral took place at the Parish Church of St Helier. A tribute was paid to Powell at the OECD Global Forum on Transparency and Exchange of Information in Paris in 2019. A series of memorial lectures were planned in Jersey in tribute to Powell.

From Wikipedia (CC BY-SA 4.0).

Geoffrey Colin Powell (17 September 1937 – 13 May 2019) was a British economist who was influential in the development of the financial services industry in Jersey. Powell's Economic Survey of Jersey was published in 1971 and helped recommend the diversification of the economy of Jersey away from agriculture and tourism towards financial services. Powell served as an Economic Adviser to the Jersey government between 1969 and 1992.

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Notable quotes

“Our strategy in going after this army is very simple. First we are going to cut it off, and then we are going to kill it.”
— Remark made as Chairman of the Joint Chiefs of Staff, announcing the U.S. gulf war plan against Saddam Hussein's army. Pentagon press briefing (23 January 1991).
“There can be no doubt that Saddam Hussein has biological weapons and the capability to rapidly produce more, many more.”
— Remarks to the United Nations Security Council (5 February 2003); in an interview (September 2005) with Barbara Walters, Powell was asked about the Security Council speech and responded that it was a "blot" on his record... "it will always be a part of my record. It was painful. It's painful now."
“There is only one China. Taiwan is not independent. It does not enjoy sovereignty as a nation, and that remains our policy, our firm policy.”
— Interview with CNN (27 October 2004), as quoted in "Warnings by Powell to Taiwan Provoke a Diplomatic Dispute" in The New York Times (28 October 2004).
“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.”
— This evokes Will Durant's famous summation of Aristotle: "Excellence then is not an act, but a habit."
“I believe that when you first take over a new outfit, start out trusting the people there unless you have real evidence not to. If you trust them, they will trust you, and those bonds will strengthen over time. They will work hard to make sure you do well. They will protect you and cover you. They will take care of you.”
— p. 75
“As successes come your way, remember that you didn't do it alone. It is always we.”
— p. 266

Quotes via Wikiquote (CC BY-SA), each with its original source.

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