The Cayman Islands Monetary Authority has promoted three executives internally as it looks to boost its statistics and analysis in particular.
Kenton Tibbetts, who has over 20 years as a financial services industry professional, has been promoted from deputy head to head of the Onsite Inspection Unit effective 30 May 2018. In this new role, Tibbetts is responsible for coordinating and providing support to the management teams of the regulatory divisions amongst other executive duties.
He is also tasked with coordinating work assignments and projects in ensuring that licensees adhere to the core set of risk-based supervisory principles, standards and procedures.
Leading up to this, Tibbetts held other top positions at the Authority, where he worked his way up to deputy head of the banking supervision division. Tibbetts also spent part of his career as the chief compliance – Money Laundering Reporting Officer and Deputy Branch Manager at one of the world’s largest banking and financial services organisations.
Powell Marsden has been promoted from senior statistician to chief statistician, effective 1 June 2018.Upon joining the Authority in January 2011, she worked as chief analyst in the Investment Supervision Division where she gained experience in the regulatory development of mutual funds.
In September 2013, she was transferred to the policy and development division to take up a role as senior statistician. Prior to this, Marsden was also employed with Deloitte, MaplesFS, and Caledonian Bank.
Following five years’ of experience with the Authority, Yoshneck Mutomba has been promoted from senior statistician to chief statistician within the policy and development division, effective 1 June 2018.
Prior to joining CIMA, he worked as an assistant director at the then Ministry of Education, Employment, Youth, Sports & Culture. In this capacity, he was responsible for the labour market statistics and research.
“These promotions reflect the Authority’s commitment to continually enhancing its position as a financial services regulator of excellence,” said managing director, Cindy Scotland. “The Authority prides itself in providing advancement opportunities for its staff while ensuring that we retain and recognise such individuals for their hard work, passion and dedication. Mr. Tibbetts, Mrs. Powell Marsden and Mr. Mutomba have made meaningful contributions to the Authority over the years and I trust that they will continue to succeed in their new roles.”
CIMA, Cayman Islands Monetary Authority, Appointment, Kenton Tibbetts, Powell Marsden, Yoshneck Mutomba, Cayman Islands