Interviews

A travelling adventure that led to Jersey

Siobhan Durcan

Partner, Deloitte

You are originally from Ireland. Could you tell us about where you grew up, the opportunities available to you and the interests that shaped you.

I was very privileged to grow up on a farm in the West of Ireland, one of the most beautiful places in the world. I love the countryside, walking, nature – the smell of freshly cut grass or fields buttercups are some of the best things in life.

There were three things that shaped me:

Firstly, my father from an early age instilled a passion for education in us all. He didn’t have the opportunity to progress to further education as he supported his parents on the farm, and he encouraged us all to grasp opportunities and always strive to progress and be our best.

Growing up on a farm, the second thing is the work ethic both my parents inspired in us. They taught us about the importance of always working diligently at whatever we did, being reliable and being hungry to support others. This sense of approaching situations with energy has stood me well as I have always been willing to give whatever I do my best.

Finally, the sense of family and belonging – I have taken this into all my roles. My family aren’t on the island and recognising that ‘family’ are also the people and community around you, always extending a sense of welcome, support to others. My Jersey family have been some of the most amazing, kindest, generous people I am fortunate to have met.

Why did you decide to become a Qualified Chartered Accountant?

From an early age, I loved numbers and wanted to become an accountant. I initially trained as a CIMA (Management) Accountant which gave we a great insight to strategy and planning. When I started working in audit I obtained my ACA and ACCA qualifications. A professional accountancy qualification is so versatile and something I encourage everyone to obtain. It opens so many doors and is recognised worldwide.

What was it that brought you to Jersey and had you ever visited the Channel Islands previously?

I initially came to the island with friends as part of our travelling adventure, and like many, planned to stay 6-12 months but never left. I genuinely fell in love with the island and all Jersey has to offer. The island is now so accessible and the direct flights to Dublin have been so welcomed to allow friends and family to visit more often.  

If I could change anything it is to always make more time for family and friends (and exercise), it is easy to get caught up in how busy we are but looking after the elements that satisfy our soul are very important.

You became a partner at Deloitte in 2019 and are now one of the organisation’s longest-serving partners, having been with the firm for 26 years. How have you found that transition to partner?

My role with Deloitte has been so varied, that is the fantastic benefit our firm offers, variety of role and ability to progress through the firm. I started off in Fund Accounting, and moved to Audit. I have been very lucky to be surrounded by great people, in Jersey and our UK firm, that not only supported me on my journey but were active sponsors who gave me opportunities and put my name forward for leadership roles. This meant the transition to partner was seamless and I felt ready and excited to step into the role. Deloitte as a firm is an amazing place to build a career and I am very privileged to be in this position.

In 2021, Deloitte’s offices in the Channel Islands, Gibraltar and the Isle of Man joined forces to create a single audit as they recognised the similarities in the client base and wanted to bring a broader suite of expertise to clients in each location. How would you describe the subtle difference between these locations?

There are lots of similarities indeed, but each island has its own uniqueness – Guernsey is thriving in the VC space, Gibraltar in the insurance sector and now Crypto/Fintech, Isle of Man also for insurance and E-gaming, Jersey strong in the PE and RE space. However, at the heart of all of the sectors, is a mindset of representing each location to the highest standards.

You have extensive experience in offshore markets and are responsible for leading the offshore real estate sector group. How do you think that has changed over the years?

In as much as there have been challenging times over the period, there also have many opportunities. The growth and innovation over the period continues to astound me. If anything has changed, I would say it’s the ability of the financial services sector and Jersey as a jurisdiction to adapt and be nimble, be resilient, whilst focus on always providing top quality service, which has stood us in good stead.

I loved numbers and wanted to become an accountant. A professional accountancy qualification is so versatile and something I encourage everyone to obtain. It opens so many doors and is recognised worldwide.

Since 2016, Deloitte has focused on helping people in the UK overcome barriers to education and employment through their 5 Million Futures social impact strategy, benefitting 638,000 people with Deloitte professionals volunteering more than 52,000 hours of their time. How did you get involved in this initiative and what does it mean to you?

Our 5 Million Futures (5MF) strategy allows each Deloitte office to choose charities locally which the team feel could most benefit through either financial support or investment of time.  Our charity partner is Every Child Our Future and our volunteers get so much out of the time spent helping as part of the numeracy programme.  We have also supported local schools through the provision of laptops. Being able to make a direct impact locally is really important to us.

One of your passions has been working with the Jersey Irish GAA Club on the Inter-School Gaelic Football Tournament which provides free access for primary school children to a new sporting activity. What are hoping to achieve over the next few years with this?

What attracted me so much to getting involved is the sense of fun that the Club and coaches bring to the sport.  They foster a sense of adventure trying something new, being part of a team, you walk away with a huge sense of positivity from each session. For young children, this opportunity and feeling like you have personally ‘won’ in your own efforts every time you play is so powerful. We would like to see this extended into all of the schools on the island and longer term into the secondary schools.

What would you have changed, if anything, leading up to this moment in time?

I think if I could change anything it is to always make more time for family and friends (and exercise), it is easy to get caught up in how busy we are but looking after the elements that satisfy our soul are very important.

How do you unwind at the end of a long, arduous day?

Sharing food with friends or family, laughing until the tears flow and your sides hurt – best medicine ever.

sdurcan@deloitte.co.uk

https://www2.deloitte.com/uk/en/pages/regions/topics/jersey.html