Bermuda Monetary Authority Names Toby Mason Chief Operating Officer

The Bermuda Monetary Authority (BMA) has appointed Toby Mason as the authority's chief operating officer. He reports to Shanna Lespere, deputy chief executive officer.

In his new role, Mr. Mason will oversee the BMA's infrastructure, supporting organizational growth and improving results and efficiency across the authority. In addition, in his responsibility for operational strategic initiatives, Mr. Mason will engage at the board level while leading significant capital projects that support the authority's strategy and corporate objectives.

Mr. Mason brings more than 26 years of experience in the financial services sector to his new role, specializing in the banking and credit card market segments, including 15 years in C-suite leadership positions at American Express, ClearBank, and Allica Bank. His experience in operations, finance, information technology, accounting processes, and business development has spanned multiple financial jurisdictions, including London, New York, and Singapore, as well as a global portfolio of operational departments at large multinational organizations.

He holds a master's degree from the University of Oxford.

"As Bermuda's financial services industry continues to evolve against a backdrop of an increasingly complex global regulatory environment, technological transformation, sustainability and climate risk, and macroeconomic pressures, the BMA must simultaneously evolve—not only our regulatory regime and supervisory approach but also our operational processes, systems, and strategy," Ms. Lespere said in a statement. "Mr. Mason's extensive multijurisdictional experience and financial services expertise will support our efforts during this critical juncture. I am pleased to welcome him to the BMA and look forward to the contribution he will make to the authority and, more widely, Bermuda's financial services sector."