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BVI FSC APPOINTS DR MICHELLE L. TODMAN SMITH AS DEPUTY REGISTRAR Tortola, British Virgin Islands – 7 February 2025 – The BVI Financial Services Commission (the Commission) is pleased to announce the appointment of Dr Michelle L. Todman Smith as Deputy Registrar of Corporate Affairs. In this new role, Dr Todman Smith will head the operations of the Registry of Corporate Affairs and support the Registrar in advancing key operational and strategic priorities. She has a background in corporate governance, regulatory compliance, and financial supervision and has accumulated over two decades of experience within the financial services sector. Dr Todman Smith’s professional experience includes several high-level appointments within the financial services industry and the Commission, such as Deputy Director of Banking Supervision and Asia Representative in Hong Kong and head of operations in other private sector capacities. Her experience extends to pension management and investment services, further strengthening the approaches she will embody in her new role with the Commission. Registrar of Corporate Affairs, Mrs Myrna Herbert, in welcoming Dr Todman Smith to her new role, stated: “Dr Todman Smith’s understanding of the work of the Commission together with her extensive background in operations, expertise in regulatory compliance, corporate governance, and financial supervision makes her an invaluable addition to help deliver on the evolving responsibilities of the Registry of Corporate Affairs. We are confident that she will enhance the Commission’s ability to deliver high-quality services to Registry clients and that she will be instrumental in helping to ensure that the Registry evolves with greater efficiency and increased productivity. ” Beyond her professional career, Dr Todman Smith has served in corporate governance roles on the boards of various government agencies. She holds a Doctorate in Business Administration from Bellevue University, an MBA in Finance from Wright State University, and a Bachelor of Arts in Business Administration from the University of the Virgin Islands. She is also a Fellow of the International Compliance Association.

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ABOUT US The BVI Financial Services Commission is the autonomous regulatory authority responsible for the regulation, supervision, and inspection of all financial services in and from within the BVI. Questions concerning this Press Release may be directed to: EXTERNAL RELATIONS UNIT BVI Financial Services Commission 18 Pasea Estate Road, Tortola VG1110 British Virgin Islands Tel: (284) 494-4190 Email: [email protected]