Wendell Mottley appointed to chair T&T Unit Trust Corporation

(Trinidad Guardian) The T&T Unit Trust Corporation (UTC) has appointed former Finance Minister Wendell Mottley as its new Chairman. In a statement yesterday, UTC said the appointment takes effect from January 1, 2013. He will succeed Amoy Chang Fong who served as Chairman from December 2004 to December 2012.

The UTC said: “Mr Mottley brings his vast experience of local and international financial markets to the TTUTC, as the Corporation moves to modernise the Act that governs the Corporation and to meet the challenges of the changing regulatory and business environment.”

The UTC manages over TT$20 billion in assets among its 10 funds and is considered the “leading mutual fund company in T&T.”

The UTC said Mottley served as Minister of Finance from 1991 to 1995 and was “most recently based in New York as a Managing Director and Senior Advisor at Credit Suisse, a leading investment banking firm, from which he retired in December, 2011.”

He is a former athlete who participated at the Commonwealth Games and medaling in the 1964 Tokyo Olympics and attained Economics degrees from Yale and Cambridge Universities. In his political career, he was leader of the Citizens’ Alliance, which was a dissolved minor political party that received about 5,000 votes and captured no seats in the 2002 General Elections.

He served as Finance Minister in the People’s National Movement government between 1991 and 1995 and was in that position when the Trinidad and Tobago dollar was floated in April 1993.

Mottley also served on a three-member committee appointed by former finance minister Winston Dookeran in June 2010 to produce an appraisal report on CL Financial and its impact on the local economy.

Mottley is a past pupil of the Queen’s Royal College.

Comments  

Manufacturing sector at standstill – Ramsay Ali

The unchanging dilemma of an uncompetitive   local manufacturing sector continues to be manifested in the persistence of high electricity costs coupled with a notoriously unreliable power supply system and high costs of imported raw material inputs, among other things, Former President of the Guyana Manufacturing & Services Association (GMSA) Ramsay Ali who is also Chief Executive Officer of Sterling Products Ltd.

Sterling Products seeking 10,000 acres for coconut cultivation

With the global coconut industry now offering numerous potentially lucrative opportunities to the manufacturing and agro-processing sectors, the local company, Sterling Products Ltd is signalling its intention to utilize the sector to enhance its own expansion and diversification programmes.

Backing away from a garbage crisis

It had always appeared to be the case that the assurance given the citizenry by Town Clerk Royston King in a statement last week that following the withdrawal of services by City Hall’s substantive service providers, Cevons Waste Management and Puran Brothers, the City was putting in place contingency measures to manage, in an environmental friendly manner, the city’s waste disposal, was little more than just another example of the municipality getting ahead of itself.

China Railway gets major T&T road project

(Trinidad Guardian) China Railway Construction Corporation (CRCC) has been awarded a $221.7 million contract by the National infrastructure Development Company (Nidco) to build the controversial Curepe Interchange, the state company’s chairman Herbert George has confirmed.

Kitco Market Data

Gold Prices for the three-day period ending Thursday August 17, 2017           Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×