CIMA appoints temporary banking boss

| 14/09/2016 | 2 Comments

(CNS Business): Still plagued by staff shortages, including holes in its management team, the Cayman Islands Monetary Authority has appointed Gloria Glidden as the acting head of itsbanking supervision division. Glidden will take up the job on 1 October following the resignation of the current boss, Charles Ilako, who leaves at the end of this month. Glidden has held the deputy post since March 2014 but will now take over the oversight of international and commercial banks and trusts, the development bank, as well as money services businesses, building societies and cooperative societies here.

CNS Business

Gloria Glidden

She will be working closely with Sharon Braithwaite, deputy in the management of the division.

Although Glidden’s new role is as acting head and therefore temporary, CIMA said it was pleased to be able to fill the key position through promotion from within the authority.

Glidden was described by officials as having the qualifications and experience required and “more than capable” of leading the division successfully. She joined CIMA four years ago as deputy head of the investments and securities division, overseeing the licensing, regulation and supervision of mutual funds, mutual fund administrators and entities conducting securities and investment business under the Securities Investment Business Law and the Mutual Funds Law, and sought to ensure their compliance under the Money Laundering Regulations and the Proceeds of Crime Law.

She has participated in international forums such as the US-Caribbean Public Private Dialogue on Correspondent Banking as well as other regulatory and industry seminars, both locally and abroad.

Glidden is a Certified Public Accountant with 18 years post-qualification experience in finance and accounting spanning various industries such as auditing, utilities, telecommunications and financial services, with five and a half years in hedge fund administration. She has a degree in Accounting from the University of Miami and is a member of the American Institute of Certified Public Accountants, Illinois CPA Society and the Cayman Islands Institute of Professional Accountants.

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Category: Finance, Financial Services

Comments (2)

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  1. Anonymous says:

    lets put more of the cronies on these boards. who were all involved with the football scandal? never ends does it?

  2. Its me Yes its me im back says:

    Temporary? una Board of Directors better start getting a life. She deserves to be appointed period. so we don’t want to hear that ya bringing in someone with a resume of 15 pages of bull crap into these shores ND TO THAT POSITION.. It is time thatkey positions in CIMA are all held by qualified and experienced Caymanians. She is indeed a qualified person for the job. MInda una don’t mess this one up.

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