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Cox heads Queen’s Birthday Honours List

Jeremy Cox

The executive chairman of the Bermuda Monetary Authority is among four Bermudians who have been honoured in the Queen’s Birthday Honours List.

Jeremy Cox has been appointed a Commander of the Order of the British Empire for services to the economy of Bermuda.

Three others were recipients of the Queen’s Certificate and Badge of Honour.

Carika Weldon was awarded the honour for services to the Covid-19 pandemic response; drummer Clarence “Tootsie” Bean was honoured for services to music; and veteran educator Cathy Bassett was honoured for services to young people.

A government spokeswoman said that under Mr Cox’s guidance and leadership, the BMA had gained worldwide recognition, which had significantly contributed to Bermuda’s reputation as a top-class regulator for financial services.

This success has in turn been instrumental in driving the local economy and livelihood of many Bermudians.

Mr Cox has led the BMA through several milestones during his tenure. Most notably, in 2016, he led Bermuda and the BMA through the process that ultimately culminated in the jurisdiction achieving full equivalence with Europe’s Solvency II Insurance Regulatory Regime.

The spokeswoman said: “Thanks to Jeremy Cox’s thoughtful leadership at the BMA, Bermuda is viewed as a role model jurisdiction for others to follow.”

Dr Weldon returned to Bermuda from Britain to devise a testing regime for the island to increase testing capacity as part of the Covid-19 pandemic response.

The spokeswoman said: “She has done so at a great sacrifice to her existing work in Oxford. She led the development of the Government’s Molecular Diagnostic Lab and has dramatically increased the island’s testing capacity, a critical element in successfully controlling the spread of Covid-19 on the island.”

Mr Bean has tutored and inspired many budding musicians during a career spanning 75 years.

He played for the 1993 US Presidential inaugural concert held at the John F Kennedy Centre, and has performed at the Lincoln Centre, Madison Square Garden and Carnegie Hall.

The spokeswoman said: “He is known as one of the greatest and well-respected drummers to grace the stages of Bermuda and the wider world, performing with Lance Hayward, Johnny McAteer, The Calypso Trio, Jon Hammond, The Counts Band, Irene Reid, Ruth Brown, Lionel Hampton, and Gregory Hines.”

She added: “He has been described as ‘a man blessed with effortless charm and a smile that could melt chocolate’.

“He may not be the tallest man, but in terms of talent his stature is king-sized.”

Ms Bassett served as a teacher and principal within the Bermuda public school system. She has been a Brownie Leader for more than 30 years and a Rotarian for the past 15 years, twice receiving the Paul Harris Award from the organisation.

Her volunteer service includes as a Pink Lady, co-ordinator for environmental charity Keep Bermuda Beautiful and chair of the Duck’s Puddle Youth Community Initiative.

Carika Weldon, PhD
Clarence Bean
Cathy Bassett