New Head of Securities Supervision Division Appointed

Mr. Heeraman Jowaheer

Grand Cayman, Cayman Islands (19 March 2021) With  more than 20 years of experience in financial regulation and multi-jurisdictional regulatory compliance, Mr. Heeraman Jowaheer joined the Cayman Islands Monetary Authority (“CIMA” or “the Authority”)  on 7 December 2020 as Head of the Securities Supervision Division.

Mr. Jowaheer brings a wealth of experience in alternative investment, private equity funds, licensing, policy development, offshore finance, regulatory compliance monitoring, corporate governance, supervision of non-bank financial institutions, as well as negotiation of double taxation, trade, and investment promotion and protection agreements.

Immediately prior to joining the Authority, Mr. Jowaheer was employed at a U.S. SEC-registered investment adviser company where he served as Director of Regulatory Affairs and Compliance. He also held other senior leadership roles at the Mauritius Financial Services Commission and the Mauritius Stock Exchange.

He holds a Master’s of Busines Administration degree and an Associate’ degree in Human Resources. He is also a graduate and Fellow of the Chartered Governance Institute and a former long-serving member of its Professional Standards Committee.

CIMA Managing Director, Mrs. Cindy Scotland said, “We are pleased to welcome someone with Mr. Jowaheer’s level of experience to CIMA. I am confident that his knowledge and expertise will add significant value to the Securities Supervision Division and the overall success of the Authority.”

“It is a pleasure to have Mr. Jowaheer join us as we continually seek to expand the knowledge base of our team in an effort to stay abreast of ever evolving regulatory standards and market developments” noted Mrs. Anna McLean – Deputy Managing Director – Supervision.