Two years after taking the leadership reins at the Financial Services Commission (FSC), Chief Executive Officer (CEO) Randy Graham has resigned.
Graham, who initially joined the FSC in 2012 as director of insurance and pensions, was later appointed CEO of the regulatory authority in June 2014.
In a release Monday, no reason was given by the FSC for Graham’s surprise resignation, which takes effect from January 1, 2017. However, it said he would be moving on to other personal and professional pursuits.
In the statement, Graham also expressed gratitude to staff who he said had bought into the strategic vision of the organization and were pivotal to the FSC’s development.
“Together we were able to develop and apply cutting edge regulatory assessment models that in our relatively short existence, have helped us to earn the respect of our fellow regulatory bodies, locally and internationally,” the outgoing CEO was quoted as saying.
“When I was appointed CEO of FSC, the team, with invaluable guidance from the Board of Commissioners, had already made several achievements as a new regulatory agency. We worked diligently to institutionalize our focus on financial stability, ensuring consistency to quality output, and communicating effectively with registrants; the staff was absolutely brilliant during this transformation. I remain confident, as I was back then, in their ability to build on existing strengths, having articulated a strategic vision to ensure a robust regulatory environment is maintained in the non-bank financial sector,” he added.
Back in April, FSC Chairman Sir Frank Alleyne had credited Graham with moving “expeditiously to create an organizational structure in FSC that has its foundation in excellent corporate governance and succession planning at all levels”.