HAMILTON, Bermuda—The Bermuda Monetary Authority, the regulator of the financial services sector in Bermuda, on Wednesday appointed Brad Erickson to the role of chief operating officer.

The appointment is effective immediately.

Mr. Erickson takes over the newly created role and will focus on directing the BMA’s operations and support functions and assisting in its strategic development.

Mr. Erickson was a chartered accountant for 22 years and has held executive positions in the United Kingdom and North America.