Securities expert returns to Cayman for CIMA job

| 19/02/2019 | 20 Comments
Cayman News Service

Gerald Halischuk, CIMA Head of Securities Supervision Division

(CNS): Gerald Halischuk is the new head of the Securities Supervision Division at the Cayman Islands Monetary Authority, effective Monday, 11 February, according to a CIMA release. Halischuk, who is Canadian, comes to Cayman from Anguilla, where he was the managing director of the Financial Commission there for four years. Halischuk has previously worked in the Cayman Islands as compliance manager at the Cayman Islands Stock Exchange. CIMA’s Securities Supervision Division was established on 1 March 2017 and is solely dedicated to the supervision and regulation of securities investment business entities.

Halischuk has over 30 years of experience in the financial regulatory industry, having served in various senior management roles in the local and international markets. As well as having held high level positions at the Cayman Islands Stock Exchange, he has served in other securities and market regulators, such as the Ontario Securities Commission, Market Regulation Services Inc., British Columbia Securities Commission and the Saskatchewan Securities Commission.

He is also a Canadian lawyer and has been called to the Bar in the Canadian provinces of Ontario and British Columbia.

CIMA MD Cindy Scotland said, “We are fortunate to have someone with Mr Halischuk’s extensive experience heading up the Securities Supervision Division. I have no doubt that his expertise will be of value to the effective supervision of the division.”

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Category: Business, Financial Services

Comments (20)

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  1. Jealously and spite are wry distructive personality traits. Heal thyself!

  2. Anonymous says:

    I hear Canover looking work…

  3. Anonymous says:

    After Caledonian, and CMGT a few months ago, hopefully CIMA can better manage oversight of their 33 SIBLs and excluded “foreign-regulated” before the next headline.

    • Anonymous says:

      I doubt it as some of the principals involved are still operating financial firms registered in Cayman.

      • Tell it like it is says:

        8:22 AM Truly valid point, of course they are left alone under the guise of being papEr Caymanians, Social and Benevolent club members and holders of precious secrets. Their actions then and now no doubt need a full,investigation. Purge them I say, off with their current licence(s).

  4. anonymous says:

    I find it incredible that we did not have a Caymanian qualified to take this job, shame on CIMA.

    • Anonymous says:

      Recycling again.

    • Anonymous says:

      I hear ya, but trust me when i say, be careful what you ask for……

    • Anonymous says:

      Read the above and you will see the reason.
      Both the FRA and CIMA it is rumoured have got an appalling assessment form CFATF and both Caymanian led hence the need to recruit overseas.

      • Anonymous says:

        Director of FRA has always been one of those positions for connected Caymanians who won’t rock the boat.

    • Anonymous says:

      Exactly, how long CIMA and it’s forerunners have been operating? And still no succession planning for Caymanians to lead the departments. How many multigenerational heads of department CIMA now has?g

      • anonymous says:

        9.11pm How many Caymanians have the qualifications and experience of Mr Halischuk, they certainly won’t obtain them sitting around at CIMA, neither will they obtain them by getting a degree in a backwoods Florida University.

      • Anonymous says:

        True…isn’t this in labor law though lol what ya expect bro it’s not our country anymore!!

      • Anonymous says:

        Many of the intelligent Caymanians at CIMA use it for a stepping stone to well paid industry positions…kind of hard to succession plan when they keep leaving.

    • Anonymous says:

      I thought that at first but then read his experience…’re not gonna get that in Cayman. And CIMA is full of under qualified management.

    • Anonymous says:

      Caymanian CIMA, with Cindy Scotland at the helm, have failed to detect the many securities shams that have made headlines around the world and further degraded our territory. At some point you need to decide to hire an experienced pro from the real world, fluent in multi-regulatory codes, to actually supervise the sector. Seems like an overdue hire to me.

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