Former CIMA division head joins private sector

(CNS Business): A former senior manager at the Cayman Islands Monetary Authority has joined boutique corporate governance services firm, Highwater, as a director. Yolanda Banks-McCoy was until recently the Head of CIMA’s Investments and Securities Division, where she was responsible for the effective regulation and supervision of hedge funds, fund administrators and securities investment companies operating in or from the Cayman Islands, as well as ensuring sound compliance and market conduct in accordance with Cayman Islands regulatory laws and CIMA’s policies and procedures. In that capacity she worked extensively with global regulators, industry stakeholders and regularly represented, and made presentations on behalf of the authority at various forums and conferences, both locally and overseas.

“HighWater is one of the most highly respected director services operations in Cayman and I am pleased to be joining such a well-established and experienced team,” said Banks-McCoy on her appointment.

Gary Linford, Managing Director of Highwater, said, “We are absolutely delighted to welcome Yolanda to Highwater.  Her years of experience with CIMA and extensive knowledge of the global hedge fund industry and Cayman Islands’ regulatory infrastructure compliment the team perfectly. HighWater has an impeccable reputation for corporate governance in the industry and Yolanda’s skills will ensure its continuation.”

Banks-McCoy holds an MBA with distinction in Banking and Finance from the University of Wales, Bangor, and a Bachelor of Science in International Business from the University of Tampa, Florida.  She is a Notary Public for the Cayman Islands and currently services on the 100 Women in Hedge Funds Cayman Philanthropy Committee.

Tags: CIMA

Category: Finance, Financial Services