FSA appoints next Chief Executive Officer

The Isle of Man Financial Services Authority has announced the appointment of Bettina Roth as its next Chief Executive Officer.

Mrs Roth brings a wealth of international experience to the role having served in a number of senior positions during a distinguished 29-year career.

She will head the Island’s financial services regulator at a pivotal stage in its development, taking over as CEO from Karen Badgerow who retired in July after six years at the helm.

Mrs Roth, who currently works for the Cayman Islands Monetary Authority, will relocate to the Isle of Man in the autumn with her husband David and will take up the CEO post on her arrival.

The appointment follows an extensive global recruitment exercise by the FSA, which is responsible for protecting consumers, reducing financial crime and maintaining confidence in the financial services sector through strong prudential supervision.

Mrs Roth has demonstrated a strong track record of professional achievement in both the regulatory and private sectors. This has included senior roles with the Cayman Islands Monetary Authority, enhancing AML protocols and driving automation, Abu Dhabi Global Market (ADGM) and the Office of the Superintendent of Financial Institutions in Canada, which included a one-year secondment with the Office of Comptroller of Currency in New York.

She made a significant contribution to the development of ADGM as a reputable and award-winning financial centre, and is well-versed in the areas of prudential and conduct supervision.

A Chartered Accountant, Mrs Roth has accreditations in Anti Money Laundering, Conduct Risk and Project Management, and holds a Masters in Business Administration from Queen’s University in Kingston, Ontario.

Her appointment has been welcomed by Lillian Boyle, Chair of the IOMFSA Board, who said: ‘Bettina’s qualifications, accomplishments and experience make her an outstanding candidate for the role of Chief Executive Officer. We are confident that she will build on the firm foundations that are in place and drive the continuous improvement of the Authority. Bettina joins us at a time of great change and innovation in the wider financial services sector and her international experience will be crucial in setting the future strategic direction for the Authority.’

Ms Boyle added: ‘I would also like to personally thank Colin Manley, the interim Chief Executive, and his team for their work to ensure the continued smooth running of the Authority during this transition period.’

Mrs Roth, who will also join the IOMFSA Board, said: ‘I am excited to take on this challenge and to play my part in enhancing the Island’s reputation as a well-regulated and internationally responsible business centre. I am looking forward to joining a dedicated team of professionals and working with industry to embrace new opportunities and address emerging risks in the time ahead.’