CIMA fills deputy spots in key divisions

| 07/07/2015 | 0 Comments
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Garth Ebanks, CIMA Deputy Head of Investments and Securities Division

(CNS Business): Cayman’s offshore regulator has filled two of its vacant senior posts with the appointment of deputies heads of departments. The Cayman Islands Monetary Authority (CIMA) said Razaak ‘Raz’ Busari had been appointed as deputy Head of Insurance Supervision Division last month while Caymanian Garth Ebanks was appointed as Deputy Head of Investments and Securities Division.

Ebanks has a degree in accounting and business administration from Florida International University, and the Certified Public Accountant designation. Officials said he had gained considerable knowledge and experience in various key aspects of the Cayman Islands’ financial services industry.  Previously employed at KPMG as an audit manager, he joined CIMA in October 2013 as a chief analyst in the Investments and Securities Division (ISD).

“Mr Ebanks is a young Caymanian with a very bright future ahead of him and I am confident that he will make us proud,” said CIMA MD Cindy Scotland.

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Razaak Busari, CIMA Deputy Head of Insurance Supervision Division

Meanwhile, Busari brings more than 15 years of experience in the financial sector, having started his financial career in 1999 as an associate with the UK’s Financial Services Authority. From 2006 until 2015, he served as an associate director at the Qatar Financial Centre Regulatory Authority, where he played a significant role in regulating/supervising a portfolio of financial institutions from both a conduct-of-business and prudential view-point, CIMA officials said.

Busari has a degree in English from the University of Ibadan, Nigeria, and a law degree from the University of North London. He also holds a post-graduate diploma in Islamic Banking and Insurance from the Institute of Islamic Banking & Insurance (IIBI), UK, and is an associate fellow of the IIBI.

Scotland said she was pleased to have both of the men join CIMA’s management team.

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Category: Finance, Financial Services

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