The Bermuda Monetary Authority’s Board of Directors announced today that Craig Swan has been appointed Deputy Chief Executive Officer (Deputy CEO) of the Authority, effective January 1, 2020. The Deputy CEO position was created to fulfil the BMA’s strategic objective of succession planning as the Authority prepares for Executive Chairman Jeremy Cox’s departure in 2021.
The Deputy CEO position encompasses several responsibilities. Mr. Swan will be tasked with overseeing the Authority’s supervisory activities of banks, insurance, trust companies, digital assets and investment businesses. He will also assist in the BMA’s ongoing planning and development, alongside sharing in the Authority’s executive management and participating in key external initiatives or meetings with government and industry stakeholders, both domestically and internationally.