The announcement was made by MACI CEO Joel Walton.

The Maritime Authority is the parent organisation of the more than 100-year-old Cayman Islands Shipping Registry, the world leader in the registration of mega-yachts, according to the Cayman authorities.

Mr Ebanks began his civil service career by joining the Portfolio of Finance in 1999, and during that short period he held several key positions within the Government of the Cayman Islands, including that of the first CFO of the Portfolio of Finance, a post which he held for a year.

Prior to joining the Maritime Authority in February, 2006, as Head of Finance and IT, Mr. Ebanks held the position of Deputy Accountant General of government’s Treasury Department, a post he was appointed to in November, 2004.

At the end of the last fiscal year, 30th June, 2007, MACI reported an operating profit of nearly USD1.2mn, a considerable achievement, and the organisation hopes to build on that going forward.

“MACI is a growing and dynamic organisation,” Mr Ebanks announced “and I am proud to be a part of it. From this small island, we reach out to the international community and spread Cayman’s rich cultural heritage across the oceans of the world.”

The Cayman Islands Shipping Registry was established in Grand Cayman in 1903.

“I believe Cayman’s seaman of the past, both those passed and those still with us, must be proud that we carry forward their heritage on the seas,” Mr Ebanks concluded.