Sheree Ebanks has been appointed the new chairperson of the Public Service Pensions Board.
Ebanks’ appointment became official in November 2019, according to a press release from the board on Wednesday. The release stated that she takes up the role during “a critical time as the Public Service Pensions Plan has just surpassed US$1 billion in assets”.
Ebanks said in the statement: “To take on the role of Chairperson now is exciting as the PSPB is going to be making many advancements in the next couple of years that will benefit all plan members.”
Ebanks, who is Caymanian, was appointed to the board on 6 March 2018, and since then has served as chairperson of the PSPB Investment Committee. She is currently the CEO of the Cayman Islands Institute of Professional Accountants.
“With the Fund now over US$1 billion and continuing to grow, the PSPB needs a very dynamic and capable leader for the Board and Mrs. Ebanks is a demonstrated professional with expertise in many critical areas and we are going to appreciate having her leadership and governance oversight as we move forward with new initiatives to better serve our plan members,” said Jewel Evans Lindsey, CEO of the PSPB.
Ebanks has held various senior management positions at a major bank in the Cayman Islands, is a board member of the Caribbean Utilities Company and the RBC Royal Bank of Canada (Cayman) Ltd., and has decades-long experience in Cayman in investment management, fiduciary services, operations, marketing and business development.
According to the release, she worked closely with the Cayman Islands government in the passing of the Accountants Law and accompanying regulations to ensure compliance with IFAC, the global accountancy body of which CIIPA is a member. This includes ensuring the Cayman Islands is a respected and preferred financial centre through compliance with global standards in areas such as professional development, ethics, quality assurance, auditing and accounting, as well as anti-money laundering and combating the financing of terrorism. She was also previously chairperson of the board of the University College of the Cayman Islands from 2003 to 2005 and deputy chair of the National Roads Authority.
Ebanks replaces Kenneth Jefferson, who had served as chairperson of the PSPB since 2004. Jefferson will remain on the board as a director and continues to provide guidance to the PSPB, especially in the areas of audit, governance and budgeting, according to the press release.
Simon Cawdery, host of Radio Cayman’s ‘Money Sense’ weekly morning show, has joined the board. A certified financial analyst with extensive investment experience, Cawdery is taking on the role of chairperson of the PSPB Investment Committee, a sub-committee of the board of directors.
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