The Cayman Islands Monetary Authority announced three senior promotions effective 1 January 2026, appointing new leaders for onsite inspections, currency operations and policy and development, and confirmed a new specialist hire in insurance supervision from 9 February 2026. Dr. Stephanie Azan was appointed Head of the Onsite Inspection Unit, having served as Deputy Head since 1 January 2023, and the appointment follows the service of Mr. Razaak Busari, who has led the unit since August 2023. Ms. Dominique Michelle Lloyd was appointed Head of the Currency Division after joining CIMA in 1997 and serving as Deputy Head since 2020. Ms. Kathleen Bulatovic was appointed Deputy Head of the Policy and Development Division, having joined CIMA in January 2025 as Chief Policy and Development Officer with more than 20 years’ experience, including senior roles at New Zealand’s Commerce Commission and Financial Markets Authority. In addition, Ms. Heather Timothy joined the Insurance Supervision Division as Reinsurance Specialist, bringing more than 15 years of regional insurance and reinsurance experience.
Cayman Islands Monetary Authority 2026-04-02
Cayman Islands Monetary Authority promotes Azan, Lloyd and Bulatovic into senior leadership roles and hires reinsurance specialist Timothy
The Cayman Islands Monetary Authority announced three senior promotions effective 1 January 2026, appointing new heads for the Onsite Inspection Unit and Currency Division and a new deputy head for the Policy and Development Division, plus a specialist hire in insurance supervision. Dr. Stephanie Azan becomes Head of the Onsite Inspection Unit, Dominique Michelle Lloyd Head of the Currency Division, Kathleen Bulatovic Deputy Head of the Policy and Development Division, and Heather Timothy Reinsurance Specialist in the Insurance Supervision Division.