From CIMA

GRAND CAYMAN (Wednesday, 6 August 2014) Ms. Judith Watler attended her first meeting of the Board of Directors of the Cayman Islands Monetary Authority (CIMA) today, 6 August 2014. Ms. Watler’s appointment as a Director of the Board by the Cabinet of the Cayman Islands Government took effect on 29 July 2014. She will also serve on the Policy, Strategy and Legislative Sub-Committee of the Board.

Ms. Watler is Intertrust’s Compliance Director for the Americas, responsible for ensuring compliance with the Anti-Money Laundering (“AML”) and Regulatory requirements, as well as compliance with the Group’s internal policies and procedures for all jurisdictions in which Intertrust has offices within the Americas region. Additionally, she provides compliance advisory services to clients on AML and regulatory issues, including: drafting manuals, writing policies and procedures, conducting audits and preparing for regulatory inspections. Ms. Watler has been with Intertrust since February 2005, through their predecessor Walkers Management Services (“WMS”). She joined the Compliance Department of WMS in 2005, and was promoted to Director of Compliance for all offices, globally, in 2009.

Prior to joining WMS, Ms. Watler worked at CIMA for approximately fourteen years. Her most recent position at the Authority was Senior Analyst in the Investments and Securities Division, where she was responsible for the supervision and regulatory compliance of a portfolio of regulated entities and licence holders. During this period, she supervised and managed a team of Analysts and made significant contributions to the on-going assessment of the Cayman Islands regulatory regime by international organisations.

Ms. Watler earned a Bachelor of Arts degree from St. Leo University. She also has a Certificate of Proficiency in Insurance, a Certificate in Offshore Finance and Administration, Institute of Chartered Secretaries & Administrators (ICSA); the CAMS (Certified Anti-Money Laundering Specialist) Professional Designation; FIBA AML Institute Certification; and is a Notary Public of the Cayman Islands. Ms. Watler is a member of the Board of Directors of the Cayman Islands Compliance Association.

“Ms. Watler has a deep understanding of compliance, from both the industry and the regulatory perspectives,” said Financial Services Minister Wayne Panton. “As a CIMA board member, her balanced viewpoint will contribute greatly to the Authority’s policy development and general administration.”

Related story:

Cayman Islands Monetary Authority appoints Deputy Managing Director – Supervision

GRAND CAYMAN (Friday, 1 August 2014) Mrs. Anna McLean, a former banking supervisor with 23 years of financial services experience, has been appointed to the position of Deputy Managing Director – Supervision at the Cayman Islands Monetary Authority (CIMA).

Mrs. 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 U.S. 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, Mrs. McLean left the Authority in 2005, to take up the post of Chief Compliance Officer with CIBC FirstCaribbean International Bank.

Managing Director, Mrs. Cindy Scotland, welcomed Mrs. 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.”

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

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.

Mrs. 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.”

The appointment is effective 1 October 2014.

See also iNews Cayman related story published under iNews Briefs August 4 2014 “Cayman Islands Monetary Authority appoints new deputy MD” at: http://www.ieyenews.com/wordpress/inews-briefs-170/