CIMA tweaks leadership titles

The Cayman Islands Monetary Authority (CIMA or the Authority) has unveiled key changes to its leadership titles as part of an ongoing organisational restructuring. 

According to CIMA these changes are intended to align with international best practices and to further strengthen the Authority’s operational framework.

Effective November 1, 2024, the title of the Authority’s managing director, presently held by Cindy Scotland, will be retitled as chief executive. 

Correspondingly, the titles of CIMA’s deputy managing directors have also been revised as follows:

• Deputy managing director – supervision will now be chief supervision officer.

• Deputy managing director – operations will now be chief operations officer.

• Deputy managing director – general counsel will now be chief legal affairs, enforcement, AML/CFT officer (chief LEA officer).

CIMA added that its stakeholders can continue to communicate with the leadership team in the same manner as before, ensuring ongoing collaboration as these title changes take effect.

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