CIMA board gets new members

Financial Secretary Mr Kenneth Jefferson has announced the appointments of Dr. Christopher Rose and Professor William Gilmore, and the re-appointment of Mr. Warren Coats, to the board of directors of the Cayman Islands Monetary Authority.

All appointments are for a three-year term.

‘On behalf of the Cabinet, I wish to congratulate the new and reappointed members of the Board. Cabinet looks forward to the contributions of these individuals over their three-year terms to augment the diligence of existing directors,’ said Mr. Jefferson in a press release.

CIMA Chairman Mr Timothy Ridley said the Authority greatly welcomed the re-appointment of Mr. Coats for a further three-year term. He also extended the Authority’s greetings to Mr. Rose and Professor Gilmore and congratulated them on their appointments.

‘It is a great honour for us to be joined by two such distinguished individuals and we are looking forward to drawing on their considerable expertise, particularly in the area of international relations,’ he said.

The Financial Secretary and Mr. Ridley also expressed gratitude to Ms Letitia Solomon and Sir Alan Traill, whose three-year terms expired in March and April, respectively.

‘Ms Solomon’s tenure with the Authority from its inception in 1997 is praiseworthy and Sir Alan’s expertise, particularly in insurance, was invaluable. We wish them both well for the future,’ said the Financial Secretary.

Mr. Rose has an extensive academic background and qualifications in science, medicine, law, finance and business from institutions in Canada and the UK. He maintains memberships in the Canadian Bar Association, Bar of England and Wales, Chartered Institute of Arbitrators (associate), Institute of Chartered Financial Analysts, Cayman Islands Society of Financial Analysts, Royal College of Physicians and Surgeons of Canada and the College of Physicians and Surgeons of Ontario. He also has numerous publications to his credit.

Professor Gilmore is professor of international criminal law at the University of Edinburgh, Scotland. Previously he was the head, Crime Unit and assistant director, Legal Division for the Commonwealth Secretariat in London. Mr. Gilmore has published numerous books and articles, his latest being Dirty Money: The Evolution of Money Laundering Counter Measures.

He is also involved in various groups, committees and associations such as the Select Committee of Experts on the Evaluation of Anti-Money Laundering Measures (Council of Europe). He holds an LLM and a PhD from the University of London, an MA from Carleton University, and an LLB from the University of Edinburgh.

Mr. Coats is an economist with extensive experience in both academia and international monetary policy. He spent 26 years with the International Monetary Fund and has worked with the Board of Governors of the Federal Reserve System and for the World Bank as part of its World Development Report team (on the financial system). He has taught at the University of Virginia, the University of Hawaii and George Mason University. Mr. Coats has also published numerous articles in economics journals on money and banking. He holds a BA from the University of California, Berkeley, and a PhD from the University of Chicago.

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