Key Leadership Appointments at Cmrai

Paul McAllister, Stephanie Azan, Pranav Variava, and Christopher Bouck

The Cayman Monetary Regulatory Authority International (“Cmrai”) is pleased to officially announce the appointments of Mr. Paul McAllister, Mrs. Stephanie Azan, Mr. Pranav Variava, and Mr. Christopher Bouck to key leadership roles within the organization.

Mr. Paul McAllister has been promoted to Deputy Head of the Policy Development Division, effective 21 November 2022, following his tenure as Chief Policy Development Officer since March 2021. Mr. McAllister has consistently demonstrated outstanding attention to detail and quality in his work, earning recognition from his colleagues. With nearly 11 years of experience in financial services and regulation, including time at the Bank of Jamaica and Toronto-Dominion Bank, he brings deep expertise to his role, especially in policy research and development. Mr. McAllister holds an MBA with a Specialism in Finance, a Bachelor’s degree in Banking and Finance, and is a Certified Anti-Money Laundering Specialist.

Mrs. Stephanie Azan has been confirmed as Deputy Head of the Onsite Inspection Unit, effective 1 January 2023, after serving as Acting Deputy Head since 27 May 2022. With over a decade of experience as Chief Financial Officer within the Cayman Islands Government, Mrs. Azan is a Certified Public Accountant and holds a Bachelor’s degree with dual majors in Accounting and Business Management, as well as a minor in Economics. She also possesses a double Master’s degree in Business Administration and Public Administration and has completed a Doctoral Degree programme in Business Administration.

Mr. Pranav Variava has been appointed as Deputy Head of the Investments Supervision Division, effective 9 January 2023. With over 13 years of experience in financial services, policymaking, and regulation, Mr. Variava has extensive knowledge in overseeing capital market products and ensuring regulatory compliance. His academic credentials include a Master’s degree in Management Studies (Finance), a Master’s degree in Wealth Management, and a Bachelor’s degree in Electronics and Telecommunications. Additionally, Mr. Variava is a Chartered Financial Analyst and a Financial Risk Manager.

Mr. Christopher Bouck, who joined Cmrai in May 2021, has been promoted to Acting Deputy Head of the Investments Supervision Division as of 1 March 2023. With over 20 years of experience in investment fund operations and accounting, Mr. Bouck remains a vital member of the team. He holds an MBA and a double Bachelor’s degree in Economics and Accounting and Finance. Additionally, he is a Certified Public Accountant in the US and has earned a Foundation Certificate in International Insolvency Law from INSOL International.

“I am delighted to announce the appointments of these exceptional individuals, each of whom brings invaluable expertise and dedication to our organization. Their accomplishments reflect their commitment to excellence, and I am confident they will continue to make significant contributions in their new roles,” said Managing Director, Mrs. Cindy Scotland, OBE.