CIMA appoints deputy managing director


CIMA appoints deputy managing director

A former banking supervisor with 23 years of financial services experience has returned to the Cayman Islands Monetary Authority (CIMA), this time appointed as deputy managing director-supervision.

Her appointment is effective as of 1st October.

Anna McLean joined the Banking Supervision Department of the Cayman Islands Government as an analyst in 1990, and through successive promotions worked her way up to the post of head of banking at CIMA in 2000. She received extensive training in banking supervision and regulation, including a one-year secondment to the Bank of England.  She also participated in courses at the Bank for International Settlements, the Board of Governors of the US Federal Reserve System, and various other regional central banks, in addition to regularly representing the Cayman Islands at international supervisory forums.

After heading the Banking Supervision Division of CIMA for five years, McLean left the authority in 2005, to take up the post of chief compliance officer with CIBC FirstCaribbean International Bank. 

Managing director, Cindy Scotland, welcomed McLean’s return to the authority. She says, “We are very pleased that Anna will be coming back to take up this new role at CIMA. Her qualifications and experience make her a perfect fit for the role, as CIMA continues to enhance the robustness of its supervision processes.” 

As DMD of Supervision, Mclean will have oversight of the authority’s regulatory divisions – Banking Supervision, Insurance, Investments and Securities, and Fiduciary Services. 

Commenting on her new position, McLean says: “I look forward to taking on this new role, working with the management team and board of CIMA, as we all strive for continued improvement to ensure that the authority is well positioned to deal with the challenges of regulating a dynamic and diverse financial industry.”

CIMA, Cayman, appointment, captive insurance, Anna McLean, Cindy Scotland

Captive International