Stephen Cohen reappointed as Commissioner of the Gambling Commission

Stephen Cohen reappointed as Commissioner of the Gambling Commission

The office of the UK Secretary of State for Digital, Culture, Media and Sport has announced the reappointment of Stephen Cohen as a member of the Gambling Commission for another term of four years.

According to a statement released by the office, Mr. Cohen has been reappointed as a Commissioner of the national gambling regulator for a period of four years, starting from 12th of November 2020 through 11th of November 2024.

Mr. Cohen has more than four decades of experience in asset management in diverse markets, including Asia, Europe and the United States of America. More specifically, he has worked with various financial services providers and regulators in Tokyo, London and New York. After starting his career with Mercury Asset Management, he served as a portfolio manager as well as in business development.

In addition to serving the national gaming commission, Mr. Cohen is also serving as a member of the board of the healthcare regulator called Health & Care Professions Council, and is the chairperson of Audit Board for the Schroder UK Public Private Trust plc as well as the JPMorgan Japan Investment Trust plc. Thus, apart from having expertise in financial sector, Mr. Cohen has keen interest in healthcare sector. Currently, he is living in London and has Masters in Physiology from University College, Oxford.

Thus, he has a long experience in regulating businesses under diverse regulatory regimes in numerous jurisdictions. Working on industry panels, he proposed changes to multiple regulators and responded to regulators’ policy proposals. He has also established a number of new businesses and restructured several old businesses.

In the role of a commissioner of the national gaming regulator, Mr. Cohen will get £295 per day in remuneration. The reappointment has been made in conformity with the Cabinet Office’s Governance Code on Public Appointments, and the process is synchronized by the Commissioner for Public Appointments.

In his new role, Mr. Cohen’s biggest challenge will perhaps be to help casinos reopen safely following the continued COVID-19 pandemic-induced lockdown. More than one hundred gaming facilities across the nation have been closed since March as part of the government authorities’ effort to control the deadly virus that was allegedly artificially created in a Chinese laboratory. Prime Minister Boris Johnson recently declared that casinos would remain closed even beyond 4th of July.

With his reappointment as a commissioner of Gaming Commission, Mr. Stephen brings deep experience of finance & financial services regulation, experience of corporate governance, along with a global business perspective to the gaming regulator.