Mr Halischuk replaces Ms Monique Melis, who was appointed Head of Business Development at the CSX in August 2000. Ms Melis has been credited with playing an instrumental role in helping the CSX expand and manage growth from a few hundred listings in 2000 to more than 1,000 listings today.

During her tenure, Ms Melis developed the crossing market as a new line of business for the CSX, which has recently attracted new US investment banks as broker members and now presents a viable new revenue stream for the organisation.

She also helped the CSX to gain important recognitions, including affiliate membership of the Intermarket Surveillance Group and associate membership of the International Organisation of Securities Commissions (IOSCO), and fostered the growth and development of the Cayman Islands financial services regulatory regime through her domestic and international efforts and participation.

Mr Halischuk joins the CSX with extensive experience garnered from the Canadian financial regulatory environment. Previously, he worked for Market Regulation Services, Inc., where he was Vice President, Market Regulation, Western Region, based in Vancouver, Canada. Market Regulation Services Inc. is the independent regulation services provider for Canadian equity markets.

Prior to this role, Mr Halischuk held a number of senior positions at the British Columbia Securities Commission. He began his career practicing law with the Vancouver-based firm of Freeman & Company. Mr Halischuk holds a law degree from Osgoode Hall Law School in Toronto, an MBA from York University, and has been admitted to the Bars of Ontario, British Columbia and Saskatchewan.

The CSX, which commenced operations in 1997, is a private limited company owned by the Cayman Islands Government but operates as an independent entity. The CSX was originally set up to provide a listing facility for the specialist products of the Cayman Islands: namely offshore mutual funds and specialist debt securities. More recently, the facility has been expanded to include global depositary receipts, derivative warrants and eurobonds.