The Regulatory Authority of Bermuda (RA) is pleased to announce the appointment of Richard Ambrosio as its Chief Executive (CE), following confirmation by the Board of Commissioners. Ambrosio, who has been serving as Interim CE since November 2023, officially assumes the role, bringing a wealth of legal and regulatory expertise to lead the RA into its next phase.
With a dedication to effective regulation and public service, Ambrosio has been an integral part of the RA since 2020, previously serving as Senior Legal Advisor and later as Director of Legal Services & Enforcement. His leadership has been instrumental in advancing the RA’s mission to ensure a fair, competitive, and dynamic regulatory environment that serves the best interests of Bermuda.
“I am honoured to continue leading the RA in fulfilling its mandate to balance the needs of consumers, industry stakeholders, and the long-term sustainability of Bermuda’s regulated sectors,” said Ambrosio. “Our work is critical to encouraging investment, stability, and innovation, and I look forward to collaborating with industry partners, the Government and the community at large to drive meaningful progress.”
The RA plays a pivotal role in overseeing key sectors, including electricity, electronic communications, submarine cables, and fuels—ensuring a resilient and forward-looking regulatory framework that promotes economic growth and consumer protection. Under Ambrosio’s leadership, the RA will continue to uphold its values of transparency, independence, and efficiency while addressing the evolving needs of Bermuda.
Mark Fields, Chairman of the Board of Commissioners, expressed his confidence in Ambrosio’s leadership: “Richard has demonstrated a relentless commitment to the RA’s mission, and we are confident in his ability to guide the organisation through the opportunities and invigorating agenda ahead. His expertise, vision, and dedication make him the right choice to lead the RA into the future.”
As Bermuda continues to navigate evolving regulatory and economic dynamics, the RA remains determined in its role of ensuring that the organisation supports both consumer interests and sustainable industry growth.
For more information, visit RA.bm.
Any content which is considered unsuitable, unlawful, or offensive, includes personal details, advertises or promotes products, services or websites, or repeats previous comments will be removed.
User comments posted on this website are solely the views and opinions of the comment writer and are not a representation of or reflection of the opinions of TNN or its staff.
TNN reserves the right to remove, edit or censor any comments.
TNN accepts no liability and will not be held accountable for the comments made by users.