The Cayman Islands Chamber of Commerce Pension Plan Announces Leadership Transition
- Chamber Pension Plan Cayman Islands
- May 7
- 2 min read
The Cayman Islands Chamber of Commerce Pension Plan (“the Plan”) has announced the upcoming departure of Mr. Giosino Colaiacovo, who will be stepping down after six years of dedicated service to the Board of Trustees of the Plan. He has been the Chairman since 26 April 2020, and his term officially expires on 14 May 2025.
Established on May 12, 1992, the Plan is a non-profit pension scheme committed to transparency and delivering competitive, conservatively risk-adjusted returns for its members. During Mr. Colaiacovo’s tenure, the Plan has upheld these values, consistently delivering stable performance and long-term security for its participants.
“On behalf of the Board of Trustees and all our members, we express our sincere appreciation to Mr. Colaiacovo for his dedication and leadership,” said Mr. Richard Freeme, Chair-Elect of the Board of Trustees. “His strategic insight has been instrumental in strengthening the Plan’s foundation and driving its continued growth. We wish him every success in the next chapter of his career.”
Mr. Freeme, currently serving as Chair-Elect, will assume the role of Chair of the Board.
Looking ahead, the Plan remains firmly focused on its mission to provide members with a secure and dependable retirement solution, supported by sound governance, transparency, and prudent investment management.
“Our priority remains delivering outstanding service and long-term value to our members—ensuring they can retire with confidence and peace of mind,” said Mr. Freeme.
The Chamber of Commerce Council will be appointing a new trustee to fill the vacancy as a result of the departure of Mr. Colaiacovo from the Board of Trustees. The full Board of Trustees will be announced to the membership via direct email communication.
For more information about the Plan or upcoming developments, visit www.chamberpension.ky or follow the Plan on Facebook, LinkedIn, or Instagram. You can also email admin@pensions.ky or call (345) 745-7630.
Interested in Becoming a Trustee: The Board of Trustees at the Cayman Islands Chamber of Commerce Pension Plan is ultimately responsible for the management and administration of the Plan. They take an active, hands-on role in guiding the Plan, ensuring that the Plan always serves the best interests of all its members. To learn more about becoming a trustee, please email pensions@chamberpension.ky.
Photo 1 (Left to right):
Mr. Randall J. Fisher, Sr. Manager, Chamber Pension Plan; Mr. Giosino Colaiacovo, Chamber of Commerce representative, Trustee
About the Cayman Islands Chamber of Commerce Pension Plan
The Cayman Islands Chamber of Commerce Pension Plan is a non-profit pension plan established in 1992, committed to providing transparent operations and competitive, conservative, risk-adjusted returns for its members. The Plan is dedicated to delivering a secure and reliable retirement solution for its participants, leveraging its conservative investment approach and transparent governance structure.