CIMA - Key Persons
Job Titles:
- Deputy Head - Anti - Money Laundering Division
Effective 1 January 2021, Mr. Abubakar Nyanzi was appointed as a Deputy Head of the Anti-Money Laundering Division at the Cayman Islands Monetary Authority ("CIMA"), having served as the division's Chief Analyst since October 2020.
With extensive regulatory and financial experience, Mr. Nyanzi's career at CIMA first began in November 2017 as a Chief Analyst in the On-site Inspection Unit. He was also part of the CIMA's delegation addressing the recommended actions identified in the Caribbean Financial Action Task Force's ("CFATF") 2019 Mutual Evaluation Report of the Cayman Islands.
Before joining CIMA in 2017, he worked for with Ernst & Young, in various offices across the Caribbean region, as well as Uganda and Qatar. While there, he successfully led audit projects and advised regulated entities ranging from large multinational banks, insurance companies, trust companies, pension plans, hedge funds, not for profit organisations, health services, oil and gas, utilities, and telecommunications. He has also supervised entities under the oversight of major international regulators.
Mr. Nyanzi holds a Bachelor of Commerce Degree from Makerere University, Uganda, and a Bachelor of Science Degree in Applied Accounting from Oxford Brookes University, UK. He also earned a Post Graduate Certificate in Business and a Master of Business Administration both from Heriot-Watt University, UK, and a Master of Science Degree in Professional Accountancy from the University of London, UK.
He is a member and fellow of the Association of Chartered Certified Accountants ("ACCA"), UK and a member of the Cayman Islands Institute of Professional Accountants. He holds an Advanced Diploma in Accounting and Business from ACCA, UK and is a Certified Anti-Money Laundering Specialist with extensive regulatory training. As a trained Financial Action Task Force ("FATF") Global Network E-Joint Assessor, Mr. Nyanzi was appointed by CFATF to represent the Cayman Islands as a financial assessor for a mutual evaluation exercise.
He also serves as an adjunct volunteer instructor at the International College of the Cayman Islands and actively supports a number of community programmes such as the National Gallery of the Cayman Islands and Cayman Islands National Museum.
Anna Goubault was appointed to the Board of Directors of the Cayman Islands Monetary Authority o
Job Titles:
- Deputy Managing Director
- Deputy Managing Director - Supervision
Mrs. McLean was appointed Deputy Managing Director- Supervision on 1 September 2014. With more than 25 years of financial services experience she has oversight of the Authority's regulatory divisions, including its onsite inspection function.
Mrs. McLean joined the Banking Supervision Department of the Cayman Islands Government in 1990, and through successive promotions worked her way up to the post of Head of Banking Supervision at CIMA in 2000. In addition to extensive training in banking supervision and regulation at the Bank for International Settlements, the Board of Governors of the U.S. Federal Reserve System, and various other regional Central Banks, Mrs. McLean was also seconded to the Bank of England' Banking Supervision Department for a year.
As the former Head of Banking Supervision Division, Mrs. McLean represented the Authority and the Cayman Islands in various meetings with international regulatory and standard setting bodies such as the IMF, CFATF, and FATF. She also represented the Cayman Islands on the Basel Committee on Banking Supervision Division's working group on cross-border banking, which established the initial standards for customer due diligence for banks.
After heading the Banking Supervision Division of CIMA for five years, Mrs. McLean left the Authority in 2005, to take up the post of Chief Compliance Officer with CIBC FirstCaribbean International Bank, responsible for the regional Bank's regulatory compliance program across 17 Caribbean markets. During her stint in the private sector Mrs. McLean also served as a Director of the Cayman Islands Bankers' Association for four years.
In her current post as Deputy Managing Director - Supervision, Mrs. McLean reports to the Managing Director and has responsibility for the day-to-day oversight of the Authority's four regulatory divisions - Banking, Insurance, Investments and Securities, Fiduciary Services, as well as the Onsite Inspection Unit. She also regularly represents the Authority at various local and international supervisory and industry forums.
An MBA graduate from the University of the West Indies, Mrs. McLean also holds a Bachelors of Science Degree in Business Management from Florida State University and is also a Notary Public.
Job Titles:
- Head
- Head - Compliance Division
Audrey Roe was appointed Head of the Compliance Division on 1 August 2016, having served as Deputy Head since 2006. She is also the Money Laundering Reporting Officer for the Cayman Islands Monetary Authority (CIMA).
In this role, she is responsible for managing and directing the enforcement actions taken by CIMA, overseeing the due diligence process of persons applying to be approved persons of regulated entities, and assisting with non-routine overseas regulatory requests. Her duties also include working closely with the Financial Reporting Authority concerning any suspicion of money laundering activities.
Prior to joining CIMA, Mrs. Roe worked for over 20 years in investment management services. She held the post of Assistant Vice President of Investments at CIBC Global Asset Management (Cayman) Limited and prior to that she was the Assistant Manager, Investments, at CIBC Bank & Trust Company (Cayman) Limited. Her career began in the financial services sector at NatWest International (now Coutts).
Mrs. Roe holds a Bachelor of Arts degree (Finance) from Saint Leo University, Florida. She is also a Chartered Investment Manager, a Certified Anti-Money Laundering Specialist and holds the Canadian Securities Course Certificate.
Audrey Roe has been promoted to Head of the Compliance Division, effective 1 August 2016.
Job Titles:
- Acting Deputy Head
- Deputy Head - Investments Supervision Division
- Deputy Head of the Investments Supervision Division
Christopher Bouck was appointed as Deputy Head of the Investments Supervision Division at the Cayman Islands Monetary Authority (CIMA) effective September 2023. He initially joined CIMA as a Chief Analyst in May 2021.
He brings more than 20 years of investment fund operations, valuations, and accounting experience gained in the US, Switzerland, Germany, Austria, the British Virgin Islands, and the Cayman Islands. Mr. Bouck spent much of that time with large fund administration companies and banks. He also gained alternative investment industry experience working in the New York area at two of the largest hedge fund companies in the world. Most recently, he worked for an insolvency and restructuring company doing forensic accounting and valuation work related to a $1 billion+ hedge fund fraud.
Mr. Bouck holds a Master of Business Administration degree together with two bachelor's degrees in Economics as well as Accounting and Finance. He is also a Certified Public Accountant in the US, a Certified Anti-Money Laundering Specialist, and has received a postgraduate Foundation Certificate in International Insolvency Law from INSOL International.
Christopher Bouck was appointed as Acting Deputy Head of the Investments Supervision Division at the
Job Titles:
- Information Technology Specialist
- Head - Information Systems Division
- Information Technology Specialist With over 30 Years
Chuck Thompson, an information technology specialist with over 30 years' experience, was appointed to the position of Head of Information Systems Division at the Cayman Islands Monetary Authority (CIMA), effective 3 August 2009.
Mr. Thompson is responsible for the implementation of CIMA's information systems strategic and governance plan. As a senior manager, his duties include providing guidance, collaboration and effective solutions for all business functions and providing on-going support services for all IT projects. Mr. Thompson has oversight of the Information Systems team of 10 staff members.
Prior to joining CIMA, Mr. Thompson spent 14 years at Fortis Bank (Cayman) Limited as the Head of Information Technology and Facilities for the Western Hemisphere. A key role in that position was the management of Fortis' information systems, which encompassed banking, trusts, and fund administration.
Before his tenure at Fortis, he spent 16 years at International Risk Management (Cayman) Ltd., where he had the privilege of working for the "father of the captive insurance concept", the late Fred Reiss. His first position at Fortis was that of programmer. He later progressed to business analyst, eventually ending his tenure as the Manager of Information Technology.
Besides his extensive experience, Mr. Thompson holds is a Microsoft Certified Professional and holds certificates in Disaster Recovery and Business Continuity Planning.
Chuck Thompson, an information technology specialist with over 30 yearsà ‚¬ " experience, was appointed
Job Titles:
- Managing Director
- Head of Currency Operations
Appointed in June 2000 as Managing Director of the singular regulatory body of financial services in the Cayman Islands, Mrs. Cindy Scotland, OBE is at the helm of the Cayman Islands Monetary Authority which plays a crucial role in the economic success and stability of financial services in the Cayman Islands.
In this role, she oversees the implementation of policies to ensure the sound management of the Cayman Islands' currency and the effective supervision of regulated entities operating in and from the Cayman Islands. She is also responsible for the development and maintenance of strong working relationships between the Authority, the Cayman Islands Government and other major international regulatory bodies.
Representing the jurisdiction extensively on various regulatory and cooperation matters, she is the deputy chairman of the Group of International Financial Centre Supervisors, and co-chair of the Financial Stability Board's Regional Consultative Group for the Americas. Additionally, she routinely interacts with bodies including the International Organization of Securities Commissions, the International Monetary Fund and the Caribbean Financial Action Task Force, as well as with jurisdictional regulators in the UK, US and European markets.
Mrs. Scotland also serves on a number of local boards and committees such as the Cayman Islands Government Education Council, Cayman Islands Stock Exchange Authority and the Anti-Money Laundering Steering Group.
Job Titles:
- Chief Human Resources Officer
Deborah Musson-Blackwood appointed to the post of Chief Human Resources Officer
Job Titles:
- Internal Auditor
- Certified Internal Auditor
- Director of Internal Audit
- Head of Internal Audit
Deloris Gordon was appointed as the Internal Auditor of the Cayman Islands Monetary Authority on ...
Reporting to the Board of Directors, Deloris Gordon was appointed as Head of Internal Audit of the Cayman Islands Monetary Authority on 3 September 2018.
Ms. Gordon is a Certified Internal Auditor and a Chartered Certified Accountant, with over 25 years' experience in governance, risk management and control. She also holds an MBA (Finance) Degree from the Manchester Business School in the UK and an Executive Certificate in Global Leadership from Florida International University (FIU).
She possesses wide-ranging experience as an Internal Audit practitioner focusing on organisational governance, risk management and controls. Prior to joining CIMA, she was employed with the Cayman Islands Civil Service for 18 years where she has held senior leadership roles, firstly as Internal Audit Manager then being promoted in 2005 to Director of Internal Audit. Her most recent appointment was Deputy Chief Officer, Public Sector Reform and Governance in the Portfolio of the Civil Service, a position she held since June 2016. She also performed as acting Chief Officer on a number of occasions.
As Director of Internal Audit, Deloris delivered a number of critical audit reports and has successfully led and positioned Internal Audit as a critical partner in the public sector governance framework.
During her time in the Civil Service Deloris has also contributed integrally to a number of public sector reform initiatives including sitting as a member of various public sector Boards and Committees. Most recently, she contributed to the development of the Procurement Law and Regulations and extensively involved in the launch and implementation of the 5-Year Strategic Plan for a World Class Civil Service.
She also worked as a Short Term Expert with the CARTAC Public Finance Management Team delivering Internal Audit training to public sector internal auditors across a number of Caribbean countries including Bahamas, Barbados, Belize, St. Kitts, St. Lucia and St. Vincent.
Ms. Gordon is very passionate about helping organisations to improve management systems and organisational governance, and brings a track record and reputation of delivering results, as well as a wealth of experience in business process analysis and improvement, policy development and implementation, internal control evaluation, strategic planning and implementation, performance management, and risk analysis and management.
Job Titles:
- Director ( Non - Voting )
Dr. Dax Basdeo was appointed to the Board of Directors of the Cayman Islands Monetary Authority as an Ex-Officio Member effective 30 March 2019.
Dr. Basdeo oversees the strategy, operations and administration of the Cayman Islands Ministry of Financial Services and Home Affairs.
Garth MacDonald was appointed to the Board of Directors of the Cayman Islands Monetary Authority on
Garth MacDonald was re-appointed to the Board of Directors of the Cayman Islands Monetary Authority on 7 February 2023.
Mr. MacDonald retired in December 2013 from a major Caribbean insurance group, following 18 years of service. During that time, he held a number of senior positions, including most recently as President and CEO.
Prior to moving to the Cayman Islands in 1994, Mr. MacDonald worked with KPMG and an international insurance group. He holds a Bachelor of Commerce degree in finance and accounting, is a qualified Chartered Accountant and a member of the Institute of Directors.
Mr. MacDonald has served on numerous Boards and Committees in the insurance industry, both locally and regionally.
Job Titles:
- Deputy Head - Insurance Supervision Division
On 1 March 2020, Mr. George Kamau was appointed as Deputy Head of the Insurance Supervision Division of the Cayman Islands Monetary Authority ("CIMA'' or "the Authority") where he is responsible for co-managing the day-to-day operations of the division, both on an on-site and off-site basis.
He brings over 15 years of experience in the financial services industry, majority of which was spent at CIMA.
He first joined the Authority in September 2009 as an Insurance Senior Analyst. He was later promoted to the role of Chief Analyst in March 2014, a capacity in which he was primarily responsible for directing and supervising the work of an assigned team to ensure that the activities and records of licensees were in compliance with regulatory requirements. Other duties involved complex research and project management functions to ensure best regulatory practices were employed. He also represented the Authority at domestic and international regulatory meetings, conferences, and industry events.
Prior to this, Mr. Kamau worked as an Audit Senior for a CPA firm and subsequently as an Internal Auditor for a publicly listed financial group with asset management and insurance operations (both property and casualty and life business).
Mr. Kamau holds a First Class Honours Bachelor of Commerce degree in Accounting from the University of Nairobi and is a Certified Public Accountant.
Gilda Moxam-Murray joined Cayman Islands Monetary Authority as Chief Financial Officer in May 2016.
Job Titles:
- Head - Securities Supervision Division
Reckoning more than 20 years of experience in financial regulation and multi-jurisdictional regulatory compliance, Heeraman Jowaheer joined CIMA on 7 December 2020 as Head of its Securities Supervision Division.
Prior to this, Mr. Jowaheer was employed at a U.S. SEC-registered investment adviser company where he served as Director of Regulatory Affairs and Compliance, managing alternative investment and private equity funds. He also held other senior leadership roles such as a Financial Regulatory Consultant and subsequently Senior Executive (Policy and Research) at the Mauritius Financial Services Commission. He also served as the first Head of Listing at the Mauritius Stock Exchange.
Mr. Jowaheer also brings a wealth of experience in licensing, policy development, offshore finance, regulatory compliance monitoring, corporate governance, supervision of non-bank financial institutions, as well as negotiation of double taxation, trade, and investment promotion and protection agreements.
He holds a Master's of Busines Administration degree, an Associate' degree in Human Resources and a certificate in Education. He is also a graduate and Fellow of the Chartered Governance Institute ("ICSA") and a former long-serving member of its Professional Standards Committee. In earnest to share his regulatory experience and contribute to leadership training, Mr. Jowaheer taught Financial Services Regulation at the University of Mauritius.
Mr. Heeraman Jowaheer joined CIMA on 7 December 2020 as Head of its Securities Supervision Division
Helen Dombowsky was appointed to the Board of Directors of the Cayman Islands Monetary Authority on
Mr. James Elliott joined the Cayman Islands Monetary Authority as Senior Legal Counsel in 2022.
He is an experienced attorney with over 12 years' experience in private practice handling litigation, regulatory and enforcement matters.
Mr. Elliott graduated from Loughborough University in 2005 before obtaining an LLB (Hons) in Law at BPP University in 2010.
He is a solicitor-advocate (non-practising) and barrister (non-practising) and was admitted to the Cayman Islands Bar in 2015. He is also a member of the Society of Trust and Estate Practitioners (STEP), holding the organisation's Trust and Estate Practitioner (TEP) designation.
With nine years' experience in the financial services industry, including a stint with the Cayman Is
Johann Moxam was appointed to the Board of Directors of the Cayman Islands Monetary Authority on 29 July 2021. Mr. Moxam is also a Partner of Lainston International Management, Ltd.
An international financial services professional with 18 years' experience with private equity funds and private wealth management portfolios, he spent more than 15 years of his career at Merril Lynch Bank and Trust (Cayman) Ltd. where he served as the Managing Director, MLRO and Corporate Secretary for its Cayman Islands Class A Bank and Trust Company and its subsidiaries.
He brings a proven track record of strategic leadership, broad business management skills, board governance and extensive regulatory and compliance experience.
Job Titles:
- Deputy Head - Compliance Division
Effective 1 November 2019, Mrs. Judiann Myles was appointed as Deputy Head of the Anti-Money
Job Titles:
- Head
- Head - Insurance Supervision Division
Kara Ebanks was appointed as Head of the Insurance Supervision Division of the Cayman Islands
Job Titles:
- Deputy Head - Fiduciary Services Division
Leticia Frederick was appointed to the post of Deputy Head of Fiduciary Services in January 2012.
Job Titles:
- Deputy Head - Financial Stability & Statistics Division
During her tenure at the Cayman Islands Monetary Authority (CIMA), Michelle Majid has been instrumental in various learning and development initiatives across CIMA, as well as other strategic projects including the inaugural Financial Stability Report.
Prior to joining CIMA, Mrs. Majid was employed with the Central Bank of Trinidad and Tobago, where she held various senior roles, including Senior Examiner in the Financial Institutions Supervision Department and a Senior Economist in the Macroprudential Analysis Unit. While there, and with over 20 years of regulatory and supervisory experience, Mrs. Majid also spearheaded various high-level strategic initiatives, such as the consolidation supervision framework, the development of macroprudential indicators, implementation of specific aspects of Basel I/II/III, execution of the stress testing framework for banks, development of a systemically important financial institutions regime, and for several years led the production of the annual Financial Stability Report. She also represented the Central Bank regionally and internationally, on diverse regulatory and financial stability areas.
She holds a Bachelor's in Mathematics and Computer Science and a Masters in Economics, both from the University of the West Indies, St. Augustine. She also earned an MBA from Edinburgh Business School, Scotland and a Postgraduate Certificate in Higher Education from the University of Greenwich, UK. Mrs. Majid is also a Certified Anti-Money Laundering Specialist, a Certified Financial Crime Specialist, a Certified CryptoCurrency Auditor and a certificate holder in Sustainability and Climate Risk. She also earned qualifications as a Project Management Professional.
Miss Deborah Ebanks, Cert. Hon, NP, a local specialist in banking operations and cash management.
Job Titles:
- Deputy Chief
- Human Resources Officer
With over 11 years of human resources experience in the regulatory field, Mr. Eric Webster was appointed to the post of Deputy Chief Human Resources Officer, effective 1 February 2022.
Mr. Webster began his career as an Auditor with Ernst & Young (Cayman Islands) before transitioning into the regulatory landscape as an Analyst within the Cayman Islands Monetary Authority's Banking Supervision Division. Thereafter, he transitioned to the Human Resources Division to pursue his passion for service in a strategic capacity.
During his time within the division, Mr. Webster rose through the ranks, where he had responsibility managing the learning & development, employee services, and recruitment functions. Additionally, he supported the management of the division by providing guidance, assistance, and supervision to the HR team to accomplish the goals and objectives of the division and CIMA.
Mr. Webster holds a BSc (Accounting) degree from the University of Connecticut and an MBA specialising in Human Resources Management from the University of New Brunswick. He is also a Senior Professional in Human Resources, International (SPHRi) through the Human Resources Certification Institute.
Job Titles:
- Deputy Head of Internal Audit
Mr. Kioko Muasya was appointed Deputy Head of Internal Audit of the Cayman Islands Monetary Authority, effective 15 June 2020.
Mr. Muasya holds a Master's Degree from the University of Cambridge and a Bachelors' Degree from the University of Nairobi. He is also a Certified Internal Auditor and a Certified Public Accountant.
Mr. Muasya has 15 years' experience in both internal and external audit having been employed with KPMG Cayman Islands, Ernst & Young East Africa, Cayman Islands Government Internal Audit Unit, and most recently, Dart Cayman as a Senior Manager of Internal Audit. In this post, he performed and supervised execution of financial, performance, compliance and other audits over Dart's investment, retail, real estate, hospitality businesses both locally and abroad.
Mr. Muasya is a strong advocate of the internal audit profession and is a founding member, former president and current board member of the Institute of Internal Auditors Cayman Islands Chapter.
Mr. Kioko Muasya was appointed Deputy Head of Internal Audit at the Cayman Islands Monetary Authorit
Job Titles:
- Deputy Head
- Deputy Head - Policy and Development Division
- Deputy Head of the Policy & Development Division
- in 2015 As a Senior Policy & Development Officer
Mr. Paul McAllister was promoted to Deputy Head of the Policy & Development Division of the Cayman Islands Monetary Authority ("the Authority") on 21 November 2022, having served as Chief Policy & Development Officer since March 2021.
In his new position, Mr. McAllister provides support to the Head of the Policy & Development Division in the day-to-day execution of the division and carrying out CIMA's regulatory, cooperative and advisory functions.
Mr. McAllister first joined CIMA in 2015 as a Senior Policy & Development Officer and left the Authority in 2017 to move to Canada. He brings almost 11 years of experience in financial services and financial sector regulation/supervision, particularly in policy research and development. Prior to re-joining the Authority, he worked at Toronto-Dominion Bank, one of Canada's "Big Five" banks, and made significant contributions to the development, implementation and maintenance of its enterprise anti-money laundering and terrorist financing ("AML/ATF") policy and governance framework. Mr. McAllister also formally functioned as an AML/ATF Investigator in Canada and a Policy Officer/Bank Examiner at the Bank of Jamaica.
He holds a Master of Business Administration (Specialism in Finance) degree from Edinburgh Business School, Heriot-Watt University, and a Bachelor of Science degree in Banking & Finance from the University of the West Indies. He is also a Certified Anti-Money Laundering Specialist.
Job Titles:
- Deputy Head
- Deputy Head - Banking Supervision Division
Mr. Peter Fox joined the Authority as Reinsurance Specialist on 8 June 2018.
In this role, he provides effective management of the reinsurance supervision requirements with respect to reinsurance companies and complex reinsurance programs of insurance companies to achieve compliance with the legislative requirements and the goals and objectives of the Insurance Supervision Division and CIMA.
Mr. Fox's career spans nearly 46 years in the insurance industry. Naming some of his most recent positions held prior to joining CIMA, Mr. Fox served as Senior Manager with KPMG in their United Kingdom (UK) office from 2008 - 2011. During his time there, he provided extensive audit and consulting advice to Lloyd's and London market companies. This included a blend of mergers/acquisitions, Solvency II and asbestos/health hazard/pollution claim advice to clients. He was designated as the principle point of contact for UK originating captive consulting activities. He also served as the lead mentor for newly qualified actuaries and was the national lead in the actuarial graduate recruitment programme. Additionally, he was elected by KPMG's Financial Services group to represent views to the UK Board of KPMG.
A year later in 2012, Mr. Fox joined American International Group to work as a Global Pricing Actuary where he took on a special project to harmonise worldwide pricing in the enterprise segment of the business.
From 2013 - 2017, he also worked with International General Insurance where he held the positions of Group Chief Actuary and Group Chief Officer. This involvement provided further experience to reinsurance risks worldwide. In these roles, Mr. Fox was responsible for providing pricing support to underwriters, group reserving, financial planning through the corporate plan, handling the enhancement of the risk register process, and advising departments on the process for risk.
Job Titles:
- Deputy Head
- Finance
- Deputy Head - Investments Supervision Division
- Deputy Head of the Investments Supervision Division
Mr. Pranav H. Variava was appointed as the Deputy Head of the Investments Supervision Division of the Cayman Islands Monetary Authority ("CIMA") effective 9 January 2023.
Mr. Variava is a finance professional with over 13 years of experience in policy-making, financial services regulation, including oversight and enforcement of various capital market products. His background also spans areas such as regulatory due-diligence, policy and research, risk-based supervision, financial modelling, corporate finance, valuation, compliance, surveillance, forensic and financial crime investigations among other related fields.
His responsibilities at CIMA include managing the onsite and offsite supervision of Cayman Islands domiciled investment funds and entities. He also oversees the ongoing monitoring of licensees and registrants, as well as enforcement matters.
He holds a Master's degree in Management Studies (Finance), a Master's degree in Wealth Management and a Bachelor's degree in Electronics and Telecommunications. He also earned a Diploma in Industrial Electronics and is a Chartered Financial Analyst as well as a Financial Risk Manager.
Job Titles:
- Head
- Head - Policy and Development Division
Mr. Rayford Britton was appointed as Head of Policy and Development Division on 1 October 2019, having served as Deputy Head since 1 September 2017.
Mr. Britton first started his career at the Cayman Islands Monetary Authority in 2006 as a Senior Analyst in the Banking Supervision Division. Since then, he climbed the ranks as one of the division's Chief Analysts, and was later transferred to the Policy and Development Division as a Chief Policy Officer.
In 2015, Mr. Britton left the Authority to take up a post with a private equity investment company. While there, he was responsible for remediating and developing an integrated anti-money laundering and regulatory risk framework for financial service companies operating in the European Union, Canada and Mexico.
Mr. Britton currently holds a Bachelor of Science Degree in Accounting from Oakwood University, formerly Oakwood College.
Job Titles:
- Head
- Head - Onsite Inspection Unit
Mr. Razaak Busari was appointed as Head of the Onsite Inspection Unit at the Cayman Islands Monetary
Job Titles:
- Deputy Head - Information Systems Division
Mr. Scott MacLaren's appointment took effect in October 2009. As Deputy Head of Information Systems (IS), his responsibilities include assisting Head of IS, Mr. Charles ‘Chuck' Thompson, in streamlining business processes while formulating and implementing IS strategies and policies for all divisions in CIMA. With a focus on business continuity and security, he is responsible for implementing measures to safeguard the IT systems and the vast data critical to CIMA's operations.
Prior to joining the Authority, Mr. MacLaren worked for the Cayman Islands Government Computer Services from 1988-1993. Starting as a Support Analyst, he ended his employment with them as the Systems Support Manager.
After leaving Computer Services, Mr. MacLaren ran a local IT consulting firm that managed large-scale IT projects for government and private companies. An accomplished programmer and network specialist, he has over 27 years of fulltime experience in the Information Technology field, and has written many software packages.
Mr. MacLaren graduated with honours from the Information Systems Management programme at Langara College in his home city of Vancouver, Canada.
Job Titles:
- Deputy Head
- Deputy Head - Financial Stability & Statistics Division
Job Titles:
- Acting Deputy Managing Director - General Counsel
Mrs. Angelina Partridge was appointed as Acting Deputy Managing Director - General Counsel of the Cayman Islands Monetary Authority ("CIMA") effective 16 May 2022.
She holds a Juris Doctor degree from the University of Windsor, Ontario, Canada and is a graduate of Queen's University in Kingston, Ontario, where she earned double Bachelor's degrees in English and History.
She joined CIMA as a Legal Counsel in April 2012 and rose through ranks to her most recent post as Deputy General Counsel. Prior to this, she practiced in areas such as securities, investment funds and corporate commercial law in both the Cayman Islands and Canada.
Mrs. Partridge was called to the Bar of the Law Society of Upper Canada in Ontario in 2004 and later to the Cayman Islands Bar in 2005.
Job Titles:
- Deputy Head
- Deputy Head - Investments Supervision Division
Job Titles:
- Certified Public Accountant
- Head of Banking Supervision Division
- Head of the Banking Supervision Division
Mrs. Gloria Glidden is the Head of the Banking Supervision Division of the Cayman Islands Monetary Authority, a position she has held for over five years.
With over ten years' regulatory experience and having served in various senior leadership roles at the Authority, including Deputy Head of the former Investments and Securities Division from October 2012 to March 2014, Mrs. Glidden is responsible for overseeing the supervision of both international and commercial banks and trusts, the development bank, as well as money services businesses, building societies and cooperative societies in the Cayman Islands. Currently, she is also providing oversight to the Investments Supervision Division, until a new Head of the division is appointed, and is actively involved in a number of internal and external local and international working groups to assist the Authority in achieving some of its strategic objectives.
Mrs. Glidden is a Certified Public Accountant with over twenty-five years post qualification experience spanning regulatory, audit, hedge fund administration, telecommunications, and utilities. Mrs. Glidden holds a Bachelor of Business Administration Degree in Accounting from the University of Miami and is a member of the American Institute of Certified Public Accountants, Illinois CPA Society, and the Cayman Islands Institute of Professional Accountants.
Mrs. Gloria Glidden was appointed as the Head of Banking Supervision Division on 1 January 2017.
Job Titles:
- Deputy Head - Policy & Development Division
- Deputy Head of the Policy and Development Division
- Role of Deputy Head of the Policy
Mrs. Ife Adanna Romeo-Bernard was promoted to the role of Deputy Head of the Policy and Development Division on 4 August 2023, having served as a Chief Policy and Development Officer since April 2021.
Mrs. Romeo-Bernard brings a diverse skill set to support the operations and management of the Division in carrying out the regulatory, cooperative, and advisory functions of the Cayman Islands Monetary Authority ("CIMA").
She joined CIMA with an extensive background in private sector financial services, having served at a senior management level at prominent financial institutions in the Caribbean region, including RBC Royal Bank and the JMMB Group of Companies. In her experience, Mrs. Romeo-Bernard has been instrumental in the execution of a myriad of financial services projects that have regulatory interests, such as financial inclusion and customer advocacy, core IT systems conversion, the implementation of Basel II/III, IFRS 9 and consolidated prudential reporting.
Mrs. Romeo-Bernard is the holder of a Bachelor of Sciences Degree in Management Studies and Finance (1st Class Honours) and a Master's Degree in Strategic Leadership, both from the University of the West Indies, St. Augustine. She is also a Certified Anti-Money Laundering Specialist.
Job Titles:
- Deputy Head
- Deputy Head - Compliance Division
Mrs. Kara Owens was appointed Deputy Head of the Compliance Division effective 1 October 2020.
Job Titles:
- Deputy Head
- Deputy Head - Anti - Money Laundering Division
- Deputy Head of the Anti - Money Laundering Division
Mrs. Megan Powell was appointed to Deputy Head of the Anti-Money Laundering Division on 1 April 2022
Mrs. Megan Powell was promoted to Deputy Head of the Anti-Money Laundering Division on 1 April 2022, having served as the division's Chief Analyst since November 2019.
In her new position, Mrs. Powell supports the Head of the Anti-Money Laundering Division in the day-to-day management and oversight of CIMA's risk-based anti-money laundering and counter financing terrorism supervision. She also co-manages the ongoing monitoring of licensees and registrants, as well as enforcement matters.
Mrs. Powell's career at CIMA first began in May 2017 as a Senior Analyst in the Fiduciary Services Division. Previously, she worked at an international asset recovery firm assisting with fraud investigations, cross-border insolvency cases and restructuring engagements.
She holds a Master of International Business from Florida International University and a Bachelor's degree in Business Administration with a concentration in Accounting (Magna Cum Laude) from the University College of the Cayman Islands. She is also a Certified Anti-Money Laundering Specialist and Certified Fraud Examiner.
Mrs. Stephanie Adolphus was promoted to Senior Legal Counsel on 1 April 2022.
Job Titles:
- a Currency Officer
- Deputy Head - Currency Division
- Deputy Head of the Currency Division
On 2 March 2020, Ms. Dominique Lloyd was appointed as the Deputy Head of the Currency Division
With over 20 years' experience in finance and accounting, Ms. Dominique Lloyd was appointed as the Deputy Head of the Currency Division on 2 March 2020. Under this title, Ms. Lloyd implements the divisional plan and manages staff to ensure the achievement of goals and objectives set by the Division and CIMA. She is also responsible for the coordination of all numismatic coin programmes as well as monitoring and verifying the issuance and redemption of currency.
Ms. Lloyd first joined CIMA as a Currency Officer in 1997 and later climbed through the ranks to her most recent post as Finance Manager, a position she held since 2010.
Job Titles:
- Acting Deputy General Counsel
Ms. Helen Spiegel was appointed as Acting Deputy General Counsel of the Cayman Islands Monetary Auth
Job Titles:
- Deputy Head - Compliance Division
- Deputy Head of Compliance
Ms. Jennifer Hydes was promoted to Deputy Head of Compliance Division on 1 March 2019, having served
Job Titles:
- Deputy Head
- Deputy Head - Anti - Money Laundering Division
- Deputy Head of the Anti - Money Laundering Division
Ms. Jennifer Smith was promoted to Deputy Head of the Anti-Money Laundering Division of the Cayman Islands Monetary Authority ("CIMA") effective July 2022, having served as the division's Chief Analyst since October 2019.
Ms. Smith supports the Head of the division in the day-to-day management and oversight of CIMA's risk-based anti-money laundering and counter financing terrorism ("AML/CFT") supervision. She will continue to lead the division's Data and Risk team, which is the responsible for collecting and reporting information on CIMA's AML/CFT and sanctions data.
Ms. Smith's financial services experience spans over 13 years in areas of captive insurance and AML/CFT and sanctions oversight and regulatory supervision. Prior to joining the financial services industry, she was also employed as a corporate controller for a private group of companies based out of Halifax, Nova Scotia.
She holds a Bachelor of Commerce Degree with a major in Accounting from Saint Mary's University, Halifax Nova Scotia. She is also a Chartered Professional Accountant, a Certified Anti-Money Laundering Specialist and holds a Certificate in Insurance from the Chartered Insurance Institute in the United Kingdom.
Job Titles:
- Deputy Head
- Deputy Head - Securities Supervision Division
- Deputy Head of the Securities Supervision Division
Ms. Jessica Ebanks was appointed Deputy Head of the Securities Supervision Division after joining the division since it was initially established in March 2017.
Ms. Ebanks began working with the Authority in March 2013 as an Analyst in the former Investments and Securities Supervision Division and has worked her way up through the ranks after having served in various roles such as Senior Analyst and Chief Analyst.
In her current role, Ms. Ebanks is responsible for managing a team, as well as ensuring that ongoing supervision of the activities of licensees and registrants are executed in a manner that promote sound business practices that are in-line with local acts, regulations, regulatory rules/policies and guidance as set forth by the division and the Authority. She provides continual guidance and training for staff and has an extensive regulatory background by way of her received training/affiliation with various local and external programs relating to the IOSCO, Caribbean Financial Task Force, United States Securities Exchange Commission and Caribbean Regional Technical Assistance Centre.
Ms. Ebanks, who has over 18 years of financial services related experience, holds a Bachelor degree in Management and Organizational Studies - International and Comparative (Globalization) Studies from the University of Western Ontario, Canada. She also earned the Certified Fraud Examiner designation, is a Member of the Association of Certified Fraud Examiners and holds the Canadian Securities Course and Canadian Practices Handbook as well as the IOSCO/PIFS-Harvard Law School certifications.
Job Titles:
- Head
- Head - Professional Support Services Unit
Ms. Tina Harris was appointed as Head of the Professional Support Services Unit
Mr. Ormond A. Williams was appointed to the Board of Directors of the Cayman Islands Monetary Author
Ormond A. Williams was appointed to the Board of Directors of the Cayman Islands Monetary Authority on 19 January 2021.
Mr. Williams is a banker by profession with extensive retail and commercial banking experience. His 37 years of multi-jurisdictional banking experience covered St. Vincent and the Grenadines, Barbados, Belize and the United Kingdom with Barclays Bank Plc and the Cayman Islands with a mid-sized local bank with an international reach. In both organizations, he has served at senior and executive management levels, including President/CEO and Executive Director. He holds an MBA from the University of Liverpool, UK. His banking, management and business qualifications are from the Chartered Institute of Bankers, UK (now London Institute of Banking and Finance where he is a Fellow), the University of Manchester, UK and the University of the West Indies, Barbados respectively. He is also a Fellow of the Chartered Institute of Management, UK and holds the Accredited Director designation from the Chartered Governance Institute of Canada.
Mr. Williams has served and continues to serve on several Boards and Commissions in the financial, education and other sectors locally and regionally. He is the Founder, Managing Director and Principal Consultant of OAWilliams Consulting, a boutique leadership and people development consulting and training company in the Cayman Islands.
Job Titles:
- Deputy Managing Director - Operations
Patrick Bodden, TEP, was appointed to the post of Deputy Managing Director, Operations, of the Cayman Islands Monetary Authority on 1 October 2009.
In this post, Mr. Bodden is responsible for advising and assisting the Managing Director in formulating and implementing policies that are directed through or initiated by CIMA's Board of Directors. He has direct oversight of the Finance, Human Resources, Information Systems, and Currency Operations divisions of CIMA and is a member of the Authority's Management Committee, which is primarily responsible for considering and making decisions on applications for licensing / registration of regulated financial entities.
Mr. Bodden previously served at CIMA from February 2001 to April 2008. During that period he held the posts of Head of Fiduciary Services (2001-June 2006) and Deputy Managing Director (June 2006-April 2008).
Between April 2008 and September 2009, he worked with Bodden Corporate Services as the Head of Operations.
Mr. Bodden has had a career in the financial services industry since 1991. He held a number of senior positions within the Cayman Islands trust and corporate services sector, with a focus on trust structures and corporate vehicles for estate planning and commercial purposes. He has represented the Cayman Islands in various international forums.
Mr. Bodden is a 1988 graduate of Embry-Riddle University of Florida and is a current member of the Society of Trust and Estate Practitioners (STEP), holding the organisation's Trust and Estate Practitioner designation.
Effective 1 March 2021, Mrs. Prabha Namburi was appointed as Chief Strategy Officer in the Managing
Job Titles:
- Deputy Head - Fiduciary Services Division
Job Titles:
- Head
- Head - Fiduciary Services Division
Rohan Bromfield was appointed Head of the Fiduciary Services Division, effective 1 January 2007.
He is responsible for directing a programme of continuous monitoring and inspection of licensed trust companies, company managers and corporate service providers. He also assists with providing advice and guidance to the Authority's Board of Directors and the industry on developments within the fiduciary services sector. He regularly represents and makes presentations on behalf of the Authority at major forums and conferences, both locally and overseas.
Mr. Bromfield joined the Authority in 1997 and has held various senior leadership roles within the Investments and Securities, and Fiduciary divisions.
He holds a Bachelor of Science degree in Economics from Dalhousie University and a Diploma in International Trusts Management from the Society of Trust and Estate Practitioners (STEP).
Rohan Bromfield serves as Head of the Fiduciary Services, effective 1 January 2007.
Sabrina Foster was appointed to the Board of Directors of the Cayman Islands Monetary Authority on 7
Job Titles:
- Head - Anti - Money Laundering Division
Mrs. Sarah Wheeler joined the Authority on 5 February 2020 as Head of its Anti-Money Laundering
Mrs. Sarah Wheeler joined the Cayman Islands Monetary Authority on 5 February 2020 as Head of its Anti-Money Laundering Division.
Mrs. Wheeler holds a Master's degree in history from the University of Edinburgh and is a qualified lawyer with 18 years of experience. She began her career at Allen & Overy LLP and then moved to Wilmer Cutler Pickering Hale & Dorr LLP. During this time, she maintained a diverse portfolio of cases and clients.
In 2013, she joined the litigation team at Barclays Group to assist with regulatory investigations and financial crime and later transitioned to the Financial Conduct Authority ("FCA") to manage its foreign exchange remediation enforcement programme.
In 2017, Mrs. Wheeler was asked to lead the Office for Professional Body Anti-Money Laundering Supervision, a new anti-money laundering/counter financing of terrorism regulator housed in the FCA. With her team, she devised a risk-based approach to supervision, conducted a programme of onsite visits, issued findings and made use of supervisory powers. She also wrote and published a sector report, conducted supervisory workshops and presented at industry outreach events. Mrs. Wheeler gave evidence to the Financial Action Task Force ("FATF") as part of the mutual evaluation of the UK and was central to the follow up actions for the FCA. She also co-chaired the drafting group for FATF's 2019 risk-based approach guidance for legal professionals, accountancy professionals and trust and corporate service providers.
Job Titles:
- Deputy Head - Banking Supervision Division
Ms. Shakira Cox joined the Cayman Islands Monetary Authority in the capacity of as Deputy Head.
Job Titles:
- Deputy Head - Onsite Inspection Unit
On 1 January 2023, Mrs. Stephanie Azan was appointed Deputy Head of the Onsite Inspection Unit
Job Titles:
- Deputy Chief
- Financial Officer
Tammy Archer joined the Cayman Islands Monetary Authority as Deputy Chief Financial Officer in September 2018.
Job Titles:
- Attorney at Law
- Director
- Law Reform Commissioner
- Member of the Constitutional Commission
Mr. Vaughan Carter was appointed to the Board of Directors of the Cayman Islands Monetary Authority
Attorney at Law, Vaughan Carter, LL.B. LL.M, was appointed to the Board of Directors of the Cayman Islands Monetary Authority on 7 February 2023.
Mr. Carter also serves as a Member of the Constitutional Commission since January 2015, where he was first appointed as its Chairperson in July 2017. He has a long-standing interest in the constitutional arrangements of the Cayman Islands, dating back to his appointment as a Lecturer in Law in 1997, at what was then the Cayman Islands Law School ("CILS"). Mr. Carter later went onto serve as Senior Lecturer and Acting Director of Legal Studies at CILS before being appointed as Deputy Permanent Secretary in the Ministry of Education, Training, Employment, Youth, Sports and Culture in 2006.
After 15 years in the public service, Mr. Carter moved into private practice and now has a specialist public law practice at his firm, Savannah Law, which encompasses constitutional challenges and human rights, administrative tribunals and appeals tribunals, statutory appeals and judicial review, professional regulation and regulatory hearings and legislative drafting and policy development. He also supports and advises various institutions that support democracy under the Cayman Islands Constitution.
Mr. Carter has written and presented extensively on constitutional issues impacting the Cayman Islands, other United Kingdom Overseas Territories ("UKOTs") and the Commonwealth Caribbean and maintains his academic credentials by volunteering as a part-time Faculty Member at the Truman Bodden Law School of the Cayman Islands. In the course of his professional career, Mr. Carter has lectured for a number of universities in the United Kingdom and the United States; his most recent academic appointment being as a Visiting Professor in International Human Rights Law at the University of Alabama.
Mr. Carter also delivers training in constitutional law, human rights and good governance and has been commissioned locally for this purpose by various institutions, including the Cayman Islands Judiciary and Judicial Administration, the Commissions Secretariat, the Office of the Complaints Commissioner, the Royal Cayman Islands Police Service, the Immigration Department and the Cayman Islands Government Legal Service. He has also been engaged by the United Kingdom Department for Overseas Development, in conjunction with the Commonwealth Foundation, the Commonwealth Legal Education Association and the Commonwealth Human Rights Initiative, as Caribbean Regional Expert and Trainer in joint efforts to build capacity in human rights across the UKOTs.
Mr. Carter is a qualified Civil and Commercial Mediator and was a founding Director of the Cayman Islands Association of Mediators and Arbitrators. He has also served numerous boards and committees in the Cayman Islands, including the Human Rights Committee, the National Pensions Board, the Special Economic Zone Authority, the University College of the Cayman Islands Board of Governors and the Legal Advisory Council and is particularly proud to have represented the Cayman Islands on the Council of the University of the West Indies.