WILLEMSTAD – Richard Doornbosch will leave his position at the Central Bank of Curaçao and Sint Maarten (CBCS) later this year after being appointed to the board of the Dutch financial regulator Authority for the Financial Markets (AFM).
The appointment will take effect on September 1 and is for a four-year term.
At the AFM, Doornbosch will be responsible for supervision of audit controls, financial reporting and the integrity of capital markets, placing him in a key oversight role within the Dutch financial system.
According to the AFM, Doornbosch was selected because of his extensive international financial and regulatory experience.
That experience includes his leadership at the CBCS as well as previous work with the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD).
Doornbosch has served as president of the CBCS since 2020, overseeing monetary policy, financial sector supervision and banking stability in Curaçao and Sint Maarten during a period marked by economic recovery, inflation pressures and financial reforms.
Under his leadership, the CBCS played a central role in safeguarding financial stability during the post-pandemic recovery and in managing banking sector oversight amid broader regional economic uncertainty.
The central bank has confirmed that the process to find his successor has already started.
The transition will be closely watched, as the CBCS remains one of the most important institutions in the financial architecture of Curaçao and Sint Maarten, overseeing banking supervision, payment systems and monetary stability.
In a first reaction, Doornbosch said he is looking forward to his new role at the AFM and stressed the importance of strong financial oversight.
He said effective supervision remains essential to ensuring that financial markets operate fairly, transparently and in an orderly manner.
His move to the AFM also marks another example of Caribbean-based financial expertise moving into top-level international regulatory positions.
For Curaçao and Sint Maarten, the upcoming leadership change at the CBCS will be significant, especially as both countries continue dealing with economic reforms, fiscal supervision and financial sector modernization.