Young Caymanian accountant and fund administrator Canover Watson has been named new chairman of the Health Services Authority Board.
Leader of Government Business McKeeva Bush made the long awaited appointment during a Government press briefing Thursday morning.
Mr. Bush said the former Young Caymanian Leadership Award winner’s financial background made him a perfect candidate for the important health post. Mr. Watson will take over the board from Pastor Al Ebanks on 1 September.
Mr. Bush said United Democratic Party treasurer and financial services professional Peter Young will be the board’s deputy chairman.
He also named a number of new appointments to the HSA board, including fund administrator Tommy Ebanks, lawyer Wanda Ebanks, human resource professional Raquel Solomon; Ryan Waldron and former nurse and hotel manager Nina Banks.
Mr. Bush also made new appointments to the board of the Cayman Islands National Insurance Company.
For the first time the national insurer’s board won’t have any representatives of the HSA sitting on it nor will the there be a representative of the national insurer on the Health Services board.
The move follows recommendations contained in a 2007 consultants report by Ezzard Miller – now the MLA for North Side – warning that having representatives of the two bodies serving on each other’s boards raised a potential conflict of interest as CINICO is the HSA’s biggest client.
‘We believe this move will avoid all possible conflicts of interests and will serve both institutions well,’ Mr. Bush said.
Maples and Calder partner Dale Crowley was appointed as chairman of the CINICO board, with captive insurance professional Seamus Tivnan, of Captive Risk Solutions, appointed deputy chairman.
New board members include Dr. Ruthlyn Pomares, insurance professional Carl Brown, former nurse and business owner Darlene Ebanks.
Former seafarer and businessman John Douglas was reappointed. A Ministry of Health representative will also sit on the board.
Mr. Watson is the managing director of Admiral Administration, a company that serves over 300 funds with over US$50 billion under its administration.
According to a biography posted on the company’s website, Mr. Watson gained Charter Professional Accountant qualifications at Stetson University in Florida where he earned his Masters and BBA in Accounting.
From 1993 to 1996, Mr. Watson was employed by the accounting firm of McGladrey & Pullen in Fort Lauderdale, Florida, USA. He was then employed as a senior accountant at British American Bank on Grand Cayman.
Mr. Watson serves on the Executive Committee of the Cayman Islands Fund Administrators Association; Director on the Cayman Islands Stock Exchange; he has also served on the business staffing plan board and the Cayman Islands Human Rights Committee. He was the 2007 recipient of the Young Caymanian Leadership Award