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Michael Austin has served as a Director since October 1997 and as a Class III Director since June 2001. Mr. Austin is a resident of the Cayman Islands and is a Chartered Accountant. Mr. Austin was admitted as an Associate of the Institute of Chartered Accountants in England and Wales in 1964 and as a Fellow in 1969. Mr. Austin is also an Associate Member of The Chartered Institute of Taxation a Member of the Society of Trust and Estate Practitioners and a Notary Public of the Cayman Islands. Mr. Austin served as the managing partner of the Cayman Islands office of KPMG Peat Marwick an international accounting firm for 23 years. Since retiring in July 1992 Mr. Austin has been a consultant and currently serves as a non-executive director on several company boards including those of a number of mutual funds trust and insurance companies.
He serves as a director of Scottish Re a public company. Mr. Austin served as a director of the Cayman Islands Monetary Authority from January 1997 and was appointed Chairman of the Board in January 2003 a position he held until his retirement on July 31 2004. He has also served on a variety of other government committees and government related boards including the Cayman Islands Agricultural and Industrial Development Board as Chairman; the Stock Exchange Committee; and the Government/Private Sector Consultative Committee. In 1990 Mr. Austin was awarded an M.B.E. by Her Majesty the Queen in recognition of services to the public and business community.
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