CIMA appoints financial stability expert to senior role

The Cayman Islands Monetary Authority (CIMA) has appointed Dr. Petr Jakubik as head of the Financial Stability and Statistics Division, effective 3 September 2025.

Dr. Jakubik brings more than 25 years of international experience in the financial sector, with particular expertise in financial stability, macroprudential supervision, and statistical development. In this role, he will be responsible for advancing the Authority’s research and analysis on financial stability matters and overseeing the compilation and dissemination of official statistics.

Prior to joining CIMA, Dr. Jakubik held senior roles at several major international institutions, including the Bank for International Settlements (BIS), the IMF’s Caribbean Regional Technical Assistance Centre (CARTAC), and the European Insurance and Occupational Pensions Authority (EIOPA), where he led financial stability assessments, stress testing, and economic research. He also contributed to the European Central Bank, Oesterreichische Nationalbank, and the Central Bank of Malta, and previously served as Chief Economist at the Czech National Bank and Visiting Researcher at the Bank of Finland. Dr. Jakubik began his career in the private banking sector as a credit risk analyst.

He has received international recognition for his contributions to financial stability research, including the Financial Stability Institute Award (2008) and the Irving Fisher Committee Award (2010), both from the BIS. From 2012 to 2013, he also served as President of the Czech Economic Society.

“With his extensive background in financial stability and statistical development, Dr. Jakubik is uniquely positioned to support the Authority in strengthening its monitoring frameworks and responding proactively to emerging risks,” said acting chief executive Patrick Bodden. “His appointment reinforces our ongoing efforts to safeguard the Cayman Islands’ financial system and uphold its reputation as a dynamic and resilient international financial centre.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.