October 27, 2020

Former Cayman Islands head of Labour & Pensions to serve on Chamber Pension Plan board

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Mario Ebanks, former Director of the Department of Labour and Pensions and former Acting Superintendent of Pensions from 2012 to 2015, has been appointed recently as the Chamber Pension Plan’s newest Trustee.

is one of two Trustees appointed by the Chamber of Commerce to the Plan.

As a graduate of the University of Miami’s School of Business Administration, Mr Ebanks holds a BBA degree in International Finance and Marketing, with a minor in Economics. In 2002, he participated as a Deloitte scholar at the University of Tennessee’s Executive Master’s programme, where he attained his Master’s in Business Administration.

Mr Ebanks is also a member of the Cayman Islands Director’s Association and is an Accredited Director (ACC. Dir.) through the Institute of Chartered Secretaries & Administrators (ICSA) Canada.

“Embarking on this new venture is truly a great honour,” said Mr Ebanks. “I am eager to continue my passion for effective retirement planning and income replacement for all employees in these islands, which is crucial for a territory which does not have income tax or social security. I look forward to working with my fellow Trustees, as well as the other stakeholders towards these important objectives.”

Mr Ebanks’ background in pensions encompasses his service with the Ministry of Community Development; a ministry previously responsible for Labour and Pensions. His aid from 1994 – 1997 led to the development and eventual passage of the and Regulations.

“The recent appointment of Mr Ebanks is exciting news for Chamber Pension,” expressed Board of Trustees chairperson, Paul Schreiner. “We are all delighted to welcome him to the Board. Mario brings a wealth of knowledge and expertise that will greatly benefit the Plan, and we look forward to his contributions.”

IMAGE: Mario Ebanks, newly elected Trustee on the Chamber Pension Plan Board.

  Mario Ebanks has also served as President of several organisations, including: The Overseas Students Association, the Rotary Club of Grand Cayman Central, Junior Achievement, and the Cayman Islands Society for Human Resource Professionals.

 The Chamber Pension Plan was established in 1992 prior to the Cayman Islands Government implementing the National Pensions Law. The Plan is Cayman’s only non-profit pension plan, committed to providing independent governance, transparent operations and competitive, conservative risk-adjusted returns.

 

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