CIMA names two new deputy heads
Suzanne Sadlier
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has promoted two staff members to top positions within the organisation, as of 1 June 2017. Suzanne Sadlier was named deputy head of the Insurance Supervision Division and Judiann Myles was appointed deputy head of the Compliance Division. Sadlier has been a reinsurance specialist at CIMA since joining the authority in April 2015. Myles’ new job follows a three-year tenure as the deputy head of CIMA’s Policy and Development Division.
Sadlier has more than 10 years in areas including claims, underwriting and regulation, which she gained while working in Ireland. She holds a Bachelor of Arts degree in International Insurance from the University of Limerick, Ireland, and is a chartered insurer (ACII) as awarded by the Chartered Insurance Institute, UK, in 2013. She is also an AIR Certified Catastrophe Modeller, earned through AIR Institute in Boston in 2014, and serves as an active member of the International Association of Insurance Supervisors Reinsurance Task Force on behalf of CIMA.
Judiann Myles
During her previous deputy head position, Myles gained extensive policy knowledge to add to her regulatory and supervisory experience. She began her regulatory career within the Investments Supervision Division in 1999, and since then has climbed the ranks, holding various positions.
Myles holds a bachelor’s degree in Business Administration (International Finance) and a master’s degree in Business Administration from the International College of the Cayman Islands.She earned the certified anti-money laundering specialist designation in 2006, has been an associate member of the Association of Certified Fraud Examiners since 2014, and also earned the Claritas Investment Programme Certificate from the CFA Institute in 2015. In addition, she was trained as a Mutual Evaluation Assessor by the Caribbean Financial Action Task Force in 2016.
Cindy Scotland, CIMA managing director, said of these new appointments: “As the authority continues to highlight the quality of expertise amongst our employees, we are extremely pleased to fill these important top positions from within our organisation.
“With a combined proven track record for successfully leading large-scale initiatives, experience in strategic planning and technical operations within financial regulation, each of the aforementioned appointments certainly add value to CIMA’s management team, and its overall structure,” she said.
Category: Insurance
Was Sadlier’s position advertised in the newspaper? Was the position advertised internally in CIMA?
How long was the position vacant before she took the post? Were any Caymanians mentored or guided in the right direction to gain the experience and education required for the job to qualify that work internally in CIMA?
There should not be any work permit holders in CIMA unless it is to train the other staff.
Congrats to JudiAnne.
Come on CIMA follow the civil service and promote more Caymanians.
I am sure they are great people, but Cayman doesn’t really do supervision and compliance does it.
Does Sadlier have a Caymanian understudy to replace her? Why is a permit holder being promoted in CIMA?
I thought the purpose of a work permit is to fill a position that cannot be filled by a local and when a permit holder in put in the position a Caymanian is sufficiently trained up on in intensive basist to eventually fill the position.
Agreed – this woman should be on a one year contract which she has Caymanian chief analysts that she is trying up for progression.
Govt just sent out a survey regarding immigration. Personally I think this promotion is exactly why Caymanians are upset. It doesn’t matter whether she deserved it or not. It matters that she is on a work permit and should not expect that she can remain in Cayman indefinitely.
It really irks that permit holders believe that they can remain without leave in Cayman just because they are an expat. Caymanians should have rights and priorities. Similar to Bermuda and Bahamas.
“It doesn’t matter whether she deserved it or not.” It matters if the person is up to the job or not. Caymanization is a very dangerous policy if it means passports are more importantly than ability.
Every country should take care of their own. Trump was voted in because of the immigration that got out of handand immigrants feeling they have more rights than citizens. Brexit similar. Some call it racist. It is truly about nationalism.
A local can do the job just the same as any expat. If there is a gap in training, then the gap should be filled. If all the other senior positions are filled by Caymanians, then why is it really necessary to have this position filled by a permit holder. If it is an inability to find a Caymanian at this point in time, ensure that there is a training procedure to ensure a Caymanian will replace her.
I really do not think this should be limited to CIMA. This should be all jobs in Cayman. Caymanians should not be treated as second class citizens in their own country.
Thank you Cindy for being a true Leader
Congrats Jud!! Well deserved!!