Bermuda’s top financial regulator Matthew Elderfield is to leave at the end of this year to take up a leading job with the Irish central bank, after Bermudian Jeremy Cox was appointed to replace him as chief executive officer of the Bermuda Monetary Authority.

Mr. Elderfield, who will become the Central Bank of Ireland’s director of financial regulation, joined the BMA two-and-a-half years ago.

Since then he has led the regulator through a challenging period, negotiating the global financial crisis and driving forward efforts to strengthen regulations to achieve equivalence with major jurisdictions.

Mr. Cox, who will take over the top job on January 1, 2010, has been the Authority’s deputy CEO for the past two years.

* Full story in tomorrow’s Royal Gazette business section.