On 17 September 2025, the Cayman Islands Monetary Authority (CIMA) announced the appointment of Dr. Petr Jakubik as the new Head of its Financial Stability and Statistics Division, effective 3 September 2025. With more than 25 years of international experience in financial stability, macroprudential supervision, and statistical development, Dr. Jakubik will lead the Authority’s work in financial stability research and oversee the compilation and dissemination of official statistics.
Before joining CIMA, Dr. Jakubik held senior roles at the Bank for International Settlements (BIS), the IMF’s Caribbean Regional Technical Assistance Centre (CARTAC), and the European Insurance and Occupational Pensions Authority (EIOPA), where he led stress testing, financial stability assessments, and research. He has also contributed to the European Central Bank, Oesterreichische National bank, and the Central Bank of Malta, and earlier served as Chief Economist of the Czech National Bank.
He began his career in the private banking sector as a credit risk analyst and has since become internationally recognised for his research, receiving the Financial Stability Institute Award (2008) and the Irving Fisher Committee Award (2010) from the BIS. He also served as President of the Czech Economic Society from 2012 to 2013.
Academic and Research Credentials
Dr. Jakubik holds two doctoral degrees (Finance and Economics) and three master’s degrees (Economics; Statistics & Insurance Mathematics; Mathematics & Computer Sciences). He is habilitated as an Associate Professor in Economic Theories at Charles University and has taught finance and economics since 2007. His extensive record of policy-relevant publications spans financial stability, insurance, and climate risk.
CIMA Statement
Acting Chief Executive Officer of CIMA, Patrick Bodden, stated: “With his extensive background in financial stability and statistical development, Dr. Jakubik is uniquely positioned to support the Authority in strengthening its monitoring frameworks and responding proactively to emerging risks. His appointment reinforces our ongoing efforts to safeguard the Cayman Islands’ financial system and uphold its reputation as a dynamic and resilient international financial centre.”
(Source: https://www.cima.ky/cima-appoints-new-head-of-financial-stability-and-statistics)
