NU Online News Service, July 20, 2:12 p.m. EDT
The Bermuda Monetary Authority has appointed Brad Erickson to the newly created position of chief operating officer, effective immediately.
As COO, Mr. Erickson will focus on directing the operations of the support functions within the authority and assisting in the strategic development of the organization going forward.
Jeremy Cox, CEO of the authority, said in a statement: "We are delighted Brad has joined the authority as our COO. The authority has grown tremendously in just a short period as we equip ourselves appropriately to address the expectations of the international regulatory environment and the Bermuda market. The COO position facilitates even greater focus being placed on our own risk management, resourcing and corporate governance operations."
Mr. Erickson said, "The authority, in common with financial regulators world-wide, is facing a period of intense change in response to a dynamic and consistently evolving regulatory environment. I am very pleased to be joining the organization at this critical time in its development."
Mr. Erickson is a chartered accountant with 22 years' experience in industry, the last 14 of which were gained in senior executive positions in the United Kingdom and North America.
His business experience and technical expertise, including as a CFO, banker and business consultant, covers managing and leading finance departments in multinational organizations; capital markets; strategic planning practices and processes; developing and implementing performance management systems; risk management; and corporate governance.
In addition to finance, he has at various times throughout his career been directly responsible for IT, operations, facilities, risk management and administration functions.
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