CSX names new head

The Cayman Islands Stock Exchange has announced the appointment of Mr. Gerry Halischuk to the position of head of business development.

‘We are delighted to have someone of Mr Halischuk’s calibre join the leadership team of the CSX,’ said CSX Chief Executive Officer Ms Valia Theodoraki. ‘We are confident that he will bring valuable insights and experience to the CSX as we continue to grow and evolve and secure our position as a leading gateway to international capital markets for institutional investors.’

Mr. Halischuk joins the CSX from Market Regulation Services Inc., where he was vice president, Market Regulation, Western Region, based in Vancouver, Canada. Market Regulation Services Inc. is the independent regulation services provider for Canadian equity markets, states a press release.

Prior to this role, Mr Halischuk held several senior positions at the British Columbia Securities Commission. He began his career practising law with the Vancouver-based firm of Freeman & Company.

Mr Halischuk holds a law degree from Osgoode Hall Law School in Toronto, an MBA from York University, and has been admitted to the Bars of Ontario, British Columbia and Saskatchewan.

‘I look forward to working with the staff, leadership and directors of the CSX to continue its impressive track record of growth and contribution to the Cayman Islands financial services industry,’ said Mr Halischuk. ‘I also welcome the opportunity to continue to advocate and promote the CSX among the global financial services community, as key element of my mandate.’

Mr Halischuk replaces Ms Monique Melis, who was head of business development at the CSX since August 2000.

Ms Melis has accepted a position with Kinetic Partners, a professional services boutique consulting firm focused on the investment management industry, based in London, UK. Under a transition arrangement, Ms Melis will remain with the CSX until 16 June to ensure overlap with Mr Halischuk and work out a smooth conversion of her responsibilities.

‘The strength of the CSX has always been in the high calibre of staff it has been able to attract,’ said Mr Anthony Travers, Chairman, CSX. ‘Ms Melis has unfailingly embodied the high professional standards of the exchange during her tenure, and we were pleased to select Mr Halischuk to contribute to the CSX team at the same level of excellence.’

‘Monique will be greatly missed by all of us at the CSX and by members of the Cayman Islands’ larger financial services community who have had the benefit of her knowledge, professional expertise and experience,’ said Ms. Theodoraki. ‘We want to thank her for her significant contributions to the CSX and her professional commitment to excellence. We simply wish her continued success in her future endeavours.’

Ms Melis was instrumental in helping the CSX expand and manage growth from a few hundred listings in 2000 to more than 1,000 listings today. She also contributed to the growth and development of the Cayman Islands financial services regulatory regime through her domestic and international efforts and participation. Highlights of her accomplishments include:

Completing a secondment at the Cayman Islands Monetary Authority during which she was instrumental in the development of guidance notes and regulations under the Securities Investments Business Law; she also worked with CIMA to develop the on-site component of the SIBL regime;

Developing the crossing1 market as a new line of business for the CSX, which has recently attracted new US investment banks as broker members and now presents a viable new revenue stream for the organisation;

Advocating the CSX’s position internationally to gain important recognitions, including affiliate membership to the Intermarket Surveillance Group2 and associate membership to the International Organisation of Securities Commissions, and;

Expanding the CSX book of business in relation to the issuance of CUSIP/ISIN3 codes.

‘I am grateful to the staff and clients of the CSX, and the professional community in the Cayman Islands, for the wonderful experiences I’ve had during my tenure here,’ said Ms Melis. ‘I take great professional pride in what the CSX has been able to accomplish and look forward to seeing it continue its path of future growth and development both domestically and internationally.’

Prior to joining the CSX, Ms Melis was manager of the Transaction Monitoring Unit, Markets and Exchanges, at the Financial Services Authority in the UK, a unit specifically charged with deterring and detecting financial crime. She also worked as a manager in the Surveillance Department of the Securities and Futures Authority in the UK. Ms Melis holds an MSc in Economics and International Business Administration. She began her studies in native Sweden and completed them at the Ecole Superieure de Commerce de Nantes in France.

Who they are

The CSX is a private limited company owned by the Cayman Islands Government but operating as an independent entity. Originally set up to provide a listing facility for the specialist products of the Cayman Islands – mutual funds and specialist debt securities – the CSX’s capabilities now extend to the listing of derivative warrants, depository receipts, Eurobonds, preferred shares and international equity. More information on the CSX can be found at www.csx.com.ky.

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