Mr. Paul McAllister was promoted to Deputy Head of the Policy & Development Division of the Cayman Islands Monetary Authority ("the Authority") on 21 November 2022, having served as Chief Policy & Development Officer since March 2021.
In his new position, Mr. McAllister provides support to the Head of the Policy & Development Division in the day-to-day execution of the division and carrying out CIMA's regulatory, cooperative and advisory functions.
Mr. McAllister first joined CIMA in 2015 as a Senior Policy & Development Officer and left the Authority in 2017 to move to Canada. He brings almost 11 years of experience in financial services and financial sector regulation/supervision, particularly in policy research and development. Prior to re-joining the Authority, he worked at Toronto-Dominion Bank, one of Canada’s “Big Five” banks, and made significant contributions to the development, implementation and maintenance of its enterprise anti-money laundering and terrorist financing ("AML/ATF") policy and governance framework. Mr. McAllister also formally functioned as an AML/ATF Investigator in Canada and a Policy Officer/Bank Examiner at the Bank of Jamaica.
He holds a Master of Business Administration (Specialism in Finance) degree from Edinburgh Business School, Heriot-Watt University, and a Bachelor of Science degree in Banking & Finance from the University of the West Indies. He is also a Certified Anti-Money Laundering Specialist.