Mr. Kenton Tibbetts was appointed Head of the Onsite Inspection Unit on 30 May 2018.
With over 20 years of experience in the financial services industry, Mr. Tibbetts provides support with the management of the Onsite Inspection Unit and is the project manager/coordinator of the Authority’s Macro-Prudential and Crisis Management framework. Mr. Tibbetts is also tasked with coordinating work assignments and projects in ensuring that licensees adhere to the core set of risk-based supervisory principles, standards and procedures.
He holds a Bachelor and Master of Science in Managerial Controls and Accounting including various certificates in International Finance and Information Technology. He also earned the Advanced Certificate in Macro-economics, Offshore Financial Centres and the Global Economy from the University College of the Cayman Islands facilitated by Rotman School of Management, University of Toronto.
Mr. Tibbetts first joined the Authority in July 2006 as an Analyst in the Banking Supervision Division. Thereafter, he worked his way up the ranks and was promoted to Senior Analyst, and later to Chief Analyst.
In March 2012, he was again promoted to the post of Deputy Head of the Banking Supervision Division. His responsibilities included providing support to the Head of Banking Supervision Division, assisting with the management and operations of the division, including the regulation and supervision of banks and non-bank financial institutions, as well as money-service providers, credit unions, the building society and the development bank, and assessment and implementation of international standards adopted by CIMA.
In addition, Mr. Tibbetts was integrally involved in the oversight and implementation of the Basel II capital adequacy framework.
After serving as Deputy Head of the Banking Supervision Division for over a year, Mr. Tibbetts left the Authority in September 2013, to take up the post of the Chief Compliance – Money Laundering Reporting Officer and Deputy Branch Manager at the HSBC Bank (Grand Cayman branch). While there, he provided technical support to all aspects of risks such as Legal, Compliance, Operational, Market and Credit. Mr. Tibbetts returned to the Authority in October 2016 to serve in his most recent post as Deputy Head of the Onsite Inspection Unit.