The Bermuda Monetary Authority (BMA) has named Craig Swan as managing director of supervision, a new executive post to lead all its supervisory functions.
Swan has been appointed to the role with immediate effect and will report directly to Jeremy Cox, CEO at the BMA. He previously held the role of director of insurance supervision at the BMA.
The new post has strategic responsibility for all the BMA’s supervisory activities, including the supervision of banks, trust companies and investment businesses, as well as insurance supervision.
In a recent statement Cox explained that the new position reflects the next phase of strategic evolution for the BMA.
“We are very pleased that an existing member of our leadership team will take on the challenge of this new role. Swan brings strong technical skills to this position, and his experience in building a very effective infrastructure for enhancing Bermuda’s insurance framework will be of great benefit moving forward,” said Cox.
Commenting on his new role, Swan said: “I am looking forward to contributing to the authority in this capacity. Bermuda’s financial sectors are very innovative and remain focused on maintaining leadership in challenging conditions. The BMA also has a key role to play in enhancing Bermuda’s reputation overall as a leading financial centre.”
