Brexit’s Impact on the Isle of Man

The Boston Brexit Forum

On Thursday 21st July 2016 twelve public and private sector leaders from the Isle of Man gathered at our Isle of Man headquarters for a closed doors session. Chaired by CEO Alex Fray, the discussion group considered the possible impact of Brexit on the Isle of Man and its economy.

This 36 page report includes the full transcript of the day’s discussions, which includes the following key topics:


  • What form of relationship with the EU will the UK seek, and in what timeframe?
  • Where are we most vulnerable as an island?
  • What are the opportunities that may come out of Brexit?
  • What can the private sector be doing to support the Isle of Man Government and the Isle of Man economy?

Download the complete report from the Boston Brexit Forum.

Possible silver linings?

This report also explains why, after discussing the possible threats and opportunities to the Isle of Man from the UK Referendum result, ten out of eleven voting contributors felt that the ultimate impact for the local economy would be net positive. Despite the meeting being held only a month after the vote, only one contributor felt uncertain about the net result.


  • Alex Fray, CEO, Boston Multi Family Office


  • Tom Richards, Managing Director, Thomas Miller Investment (Isle of Man)
  • Steve Brennan, Chief Executive, Isle of Man Gambling Supervision Commission
  • Katherine Ellis, Group Director, Boston Multi Family Office
  • Dick Welsh, Director, Isle of Man Ship Registry
  • Jon McGowan, Group Chief Executive, MAC Group
  • John Spellman, Department of Economic Development
  • Phil Knop, Group Director, Boston Multi Family Office
  • Nick Verardi, Director, Bramden Investments
  • Alex McNee, Group Director, Boston Multi Family Office
  • Bruce Elliott, Director, Boston Multi Family Office
  • Greg Jones, Director: Tax, KPMG Isle of Man


Contributors feeling Brexit would be 'net positive' for IOM

Number of words in the complete report

Download our free ‘Brexit’ report.

Enter your details in the form to access the download of the full 36-page report, including an executive summary from Alex Fray and the full transcript of the day’s discussions.

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