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December 01, 2015 12:39 AM ET

Diversified Financial Services

Company Overview of Bermuda Monetary Authority

Company Overview

The Bermuda Monetary Authority was established by the Bermuda Monetary Authority Act 1969 as a body corporate having perpetual succession. A Board of eleven Directors is responsible for the policy and strategy of the Authority and the general administration of its affairs and business. No director may be a member of either the House of Assembly or the Senate.

BMA House

43 Victoria Street

Hamilton,  HM 12


175 Employees





Key Executives for Bermuda Monetary Authority

Chief Executive Officer, Director, Member of Corporate Governance & Ethics Committee and Member of Investment Committee
Head of Finance & Currency Operations and Deputy Director
Chief Operations Officer
Head of Communications and Senior Advisor
Head of Human Resources and Deputy Director
Compensation as of Fiscal Year 2015.

Bermuda Monetary Authority Key Developments

Bermuda Monetary Authority Presents at 14th Annual World Alternative Investment Summit Canada, Sep-15-2015 12:00 PM

Bermuda Monetary Authority Presents at 14th Annual World Alternative Investment Summit Canada, Sep-15-2015 12:00 PM. Venue: Niagara Fallsview Casino Resort, 6380 Fallsview Blvd., ON, L2G 7X5, Canada. Speakers: Shelby R. Weldon, Director of Licensing & Authorisations.

Bermuda Monetary Authority Appoints Shanna Lespere as Chief Operations Officer

The Bermuda Monetary Authority has announced the appointment of Shanna Lespere as its Chief Operations Officer (COO). In her new position, effective immediately, Mrs. Lespere will oversee the Authority's operational functions - communications, document management, enterprise risk management, facilities, finance and currency, human resources, information technology and project management. Mrs. Lespere's most recent position at the Authority was Director, Operations. Before joining the Authority, Mrs. Lespere was a Vice President at Aon Insurance Managers (Bermuda) Ltd. having joined the company in 1996.

Bermuda Monetary Authority Appoints Andrew Gibbs as Director, Supervision (Insurance)

The Bermuda Monetary Authority announced the appointment of Andrew Gibbs to the position of Director, Supervision (Insurance). Reporting to Craig Swan, Managing Director, Supervision, Mr. Gibbs will be responsible for the supervision of one of the world's larger insurance markets, effective January 6, 2014. Mr. Gibbs is a Chartered Accountant and Chartered Insurer with 27 years of experience in the Bermuda market. For the past five years he has held positions at Validus Holdings Ltd. as Executive Vice President, Head of Internal Audit following a period as the company's Group Controller.

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