As CEO, Rutherford will oversee and maintain the Isle of Man’s regulatory standards for gambling and medicinal cannabis. This covers the integrity, transparency and effectiveness of the island’s regulatory framework.

Rutherford moves into the role having served as deputy CEO of the Isle of Man regulator since June 2013. He also previously had a spell as its director of policy and legislation.

Prior to this, he worked in multiple roles within the island’s public service, including at the Income Tax Division.

“There is an important opportunity to strengthen the Isle of Man’s defences against financial crime,” Rutherford said. “I am embarking on an ambitious programme of reform to reinforce the powers we must supervise and regulate the gambling sector.

“I’m also working closely with partner agencies to understand the emerging threat that faces the Island’s gambling sector. It is imperative we continue to review and adapt our approach to stay aligned with evolving challenges.”

Gambling “core” to Isle of Man digital growth

His appointment has been approved by the Department for Enterprise Executive Agency at the Digital Isle of Man executive agency.

“Mark’s appointment comes at a pivotal moment,” Digital Isle of Man CEO Lyle Wraxall said. “Effective and robust regulation is crucial to maintaining the integrity of our digital economy and ensuring the Island remains competitive in the global market.

“Under his leadership, we are confident the GSC will further enhance the Island’s reputation as a trusted, forward-thinking jurisdiction for igaming and related industries.”

Wraxall believes Rutherford will oversee the growth of igaming within the Isle of Man. He described the island’s gambling sector as “core” to Digital Isle of Man’s eGaming Strategy, which is currently in development.

“The strategy will mark the start of a renewed effort to drive growth, adapt to market changes, and strengthen the Island’s reputation as a destination for high-quality egaming businesses,” Wraxall said.

“By refining our approach and addressing key challenges, we aim to boost confidence in the sector. This will help to ensure its ongoing contribution to the economy.”

Kimberley Broad, chair of the eGaming Strategic Advisory Board, also welcomed the new appointment. She said: “It is my pleasure to congratulate Mark on his appointment to CEO of the GSC.

“Egaming is the second largest contributor to the Island’s GDP. It’s therefore essential that our regulatory framework continues to be strong and effective. Accordingly, the board and I look forward to working with Mark and his team to ensure the continued success of the industry on the island.”