CIMA Appoints head of currency

Deborah Ebanks, Cert. Hon, NP, a local specialist in banking operations and cash management, has been appointed to the post of Head of Currency at the Cayman Islands Monetary Authority effective 3 March 2009.

Deborah Ebanks

Her responsibilities include managing the Cayman Islands currency supply, monitoring the external investment manager for the currency reserve investments and advising the Board of Directors through the Managing Director on issues related to the supply and security of the currency and the investment of the currency reserve. She leads a staff of six.

Ms Ebanks brings over 30 years’ experience in banking, accounting, investment management and trust to the position.

Most recently she spent five years as the Senior Operations Specialist/Assistant Vice President for Julius Baer Bank and Trust Company Ltd, where her responsibilities included preparing and maintaining financial records, supporting the daily administration of the bank’s investment management company, maintaining document security, overseeing quality control of the human resources management systems, and providing inter-departmental advice and support.

For the previous five years, she was the company’s Senior Banking Administrator / Assistant Vice President.

From 1987 to 1998 she worked at Royal Bank of Canada, starting out as an administrative officer and Assistant to the Managing Director and moving on to become a trust officer, providing services to a portfolio of trusts, managing companies and custody accounts, representing banks, mutual funds and estates.

Ms. Ebanks began her working life as a stenographer/ senior secretary at Royal Bank of Canada Trust Company (Cayman) Limited/ Roy West Trust Corporation (Cayman) Limited before moving to First Cayman Trust Company Limited where her secretarial duties expanded to include banking, accounting and supervisory duties.

Ms Ebanks holds the Associate of Applied Science – Accounting degree from the Community College of the Cayman Islands. In 2003 she was awarded the Cayman Islands Certificate and Badge of Honour for her services to the community. She currently is a member of the Parole Commissioners Board, is First Vice President of the Lion’s Club of Grand Cayman and is a Special Olympics Cayman Islands volunteer.

CIMA Managing Director Cindy Scotland, welcomed Ms Ebanks.

‘Deborah’s proven skills and experience in local banking operations and cash management are a definite advantage in helping CIMA to continue to fulfill the critical role of managing the Cayman currency,’ she said.

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