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CIMA Appoints Suzanne Sadlier and Judiann Myles to Top Deputy Positions

CIMA Appointments
July 12, 2017

The Cayman Islands Monetary Authority (CIMA or "the Authority") has appointed Suzanne Sadlier and Judiann Myles to top positions. Mrs. Sadlier will serve as deputy head of the Insurance Supervision Division, and Mrs. Myles will take over as deputy head of the Compliance Division.

Mrs. Sadlier's confirmation follows her role as reinsurance specialist, a post that she held since joining the Authority in April 2015. Mrs. Sadlier brings over 10 years of knowledge and experience from her work in Ireland in a variety of positions within areas such as claims, underwriting, and regulation. 

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, United Kingdom, in 2013. She is also an AIR Certified Catastrophe Modeler (CCM) as awarded by the AIR Institute, Boston, in 2014 and serves as an active member of the International Association of Insurance Supervisors (IAIS) Reinsurance Task Force on behalf of the Authority. 

Mrs. Myles's appointment follows a 3-year tenure as the deputy head of the Authority's Policy and Development Division, where she gained extensive policy knowledge to add to her regulatory and supervisory experience. Mrs. Myles began her regulatory career within the Investments Supervision Division in 1999, and since then, she has climbed the ranks, holding various positions. 

Mrs. Myles holds a bachelor of business administration (international finance) degree and a master of business administration from the International College of the Cayman Islands. She earned the Certified Anti-Money Laundering Specialist (CAMS) certification in 2006, is an Associate member of the Association of Certified Fraud Examiners since 2014, and also earned the Claritas Investment Program 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. 

Commenting on these appointments, CIMA's managing director, Cindy Scotland, stated, "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 organization." 

She added, "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. I trust that Mrs. Sadlier and Mrs. Myles will continue to succeed in their new roles." 

Additional background on industry concerns surrounding the CIMA Insurance Division and CIMA's subsequent hiring activities is available in "CIMA Appoints Head of Insurance Supervision Division" and "Cayman Islands Moving Forward with Insurance Division Head Search" on Captive.com. Also of interest on this topic is "What Is Your Captive's Talent Acquisition Strategy?" on Captive.com.

Pictured above are Suzanne Sadlier, left, and Judiann Myles. Photos are courtesy of the Cayman Islands Monetary Authority.

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