The Bermuda Monetary Authority (BMA) has made a number of changes to its board, including a new executive chair and deputy chair.
Jeremy Cox has been appointed as executive chair for the next three years, succeeding Gerald Simmons, who has retired as chair after six years in the role and nine years on the board.
Cox was appointed executive director and supervisor of insurance at the BMA in 2002, before being promoted to deputy CEO in 2008, and CEO in 2010.
Donald Scott has replaced Allan Marshall as deputy chair, who has served on the board for six years.
Scott is Bermuda’s former secretary to the cabinet & head of civil service, and financial secretary.
Peter Hardy has also departed the board after three years.
Cox noted that James Newsome and Francine Mason joined the board in late 2018.
He commented: “James Newsome is a former chairman of the US Commodity Futures Trading
Commission and was president and CEO of the New York Mercantile Exchange.”
“Francine Mason is a certified public accountant with two decades experience working in Bermuda’s trust sector. Their blended experience is a valuable addition.”
Simmons said serving on the board “has been an honour and a privilege”.
He added: “It gave me a unique perspective of financial services. I have been impressed by the dedication of the board and the expertise and commitment of staff of the authority at all levels.”
