- Mr Don Seymour as Head of Investment Services (Acting)
- Mrs Shan Whittaker as Accountant (Acting),
- Mr Gordon Rowell as Deputy Head of Insurance (Acting) with responsibility for on-site inspections
- Mrs Mary-Lou Gallegos as Chief Analyst-Insurance (Acting)
- Mr Christopher Collins as Superintendent of Health Insurance Scheme
- The Authority has also confirmed that Mr William McCullough will continue as Head of Insurance Supervision.
Mr Seymour, a Caymanian joined the Authority as the financial controller in September 1997. Prior to joining the Authority, Mr Seymour was an audit manager with Price Waterhouse, Grand Cayman (now a part of Price Waterhouse Coopers world-wide) where he served a diverse portfolio of investment company clients. Prior to that, he spent four years with the Investment Services management Group of Price Waterhouse, New York, serving the largest offshore hedge funds in the world and a select portfolio of US registered investment companies. Mr Seymour brings to his new position a broad and in-depth knowledge of the investment company industry, together with strong audit and risk analysis experience. He holds a Certified Public Accountant certificate and a B.B.A in Accounting from the University of Texas at Austin. His role will take effect from 17 August 1998.
Mrs Whittaker also a Caymanian commenced her career with the Cayman Islands Government in 1983. When the Monetary Authority was established in January 1997, Mrs Whittaker transferred from her position within the Cayman Islands Currency Board to the role of Accounts Officer within the Authority. Mrs Whittaker brings to her new role as Accountant a number of years of experience in the accounting, audit and currency related fields, which the Authority envisages, will enhance the continuing and steady progression of this young organisation. Her role will take effect from 17 August 1998.
Mr Rowell commences employment with the Authority in April 1998, as Senior Analyst-Insurance, Mr Rowell brings to his new role over twelve years of insurance industry experience in both Canada and the United Kingdom. Mr Rowell will continue the development of the on-site inspection program together with the continuing responsibility for ensuring Cayman's insurance industry is effectively supervised. His role became effective from 1 August.
Mrs Gallegos commenced her career with the Cayman Islands Government in 1975 and served as Senior Analyst in the former Financial Services Supervision Department. Mrs Gallegos has recently completed the NAIC Insurance Commissioners program and is actively involved with the Offshore Group of Insurance Supervisors as Chair of the Information Technology Committee. The Cayman Islands is also secretary of this Group. Her role became effective from 1 August.
Mr Collins has been appointed as Superintendent of Health Insurance Scheme effective 1 August 1998. This role is seen as key to the successful operation of government's recently approved health insurance legislation. Mr Collins served with the former Financial Services Supervision Department as Chief Analyst, Insurance Supervision and subsequently became Deputy Head of Insurance Supervision upon the establishment of the Monetary Authority. Mr Collins brings to his new role some thirty years' experience in the private insurance industry, which have proved invaluable to the Authority. Mr Collins has been involved in the drafting of the health insurance legislation, the introduction of the health insurance programme and with the education of the community regarding the provisions of the legislation.
Mr McCullough who remains as Head of Insurance Supervision, served with the former Financial Services Supervision Department as Deputy Inspector, Insurance in l 996 and subsequently became Head of Insurance Supervision upon the establishment of the Cayman Islands Monetary Authority. Mr McCullough has brought to the Island a wealth of knowledge, coupled with an extensive number of years experience, which was gained during his career with the international insurance environment.
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For further information on the above please contact Miranda Pugh at Cayman Islands Government Press Office