CIMA lures former BoE advisor


The Cayman Islands Monetary Authority (CIMA) has appointed Charles Ilako as head of its banking supervision division.

He most recently served as executive director of policy and strategy at the Jersey Financial Services Commission.  

Ilako has also served as lead partner, regulatory compliance practice at FTI Consulting, senior advisor to the executive committee at BNP Paribas, accounting policy advisor with the Bank of England. 

In addition, he has served as director, banking capital market assurance and subsequently lead partner of financial regulator practice at accounting firm PricewaterhouseCoopers and senior advisor at the Financial Services Authority in the UK.

Cindy Scotland, managing director of CIMA, said: “We welcome this appointment to a key position within the Authority. Mr Ilako’s breadth of experience in the financial services industry and as a regulator will serve to enhance our supervisory capacity.” 

Charles Ilako, CIMA, Cayman, Bank of England

Cayman Funds