The BVI's Financial Services Commission (FSC) has announced that there are some new members added to its Board of Commissioners, among them, spouse of veteran legislator, Third District Representative Hon. Julian Fraser, Kharid Fraser.
A release issued on Tuesday, June 8 said, a total of six new members now form part of the board.
"The new members of the Board of Commissioners were appointed by Cabinet effective December 14 2020 as required by Section 5(2) of the Financial Services Commission Act, 2001 (the "Act")," the statement said.
The statement added, "The newly appointed Commissioners and their appointment terms are: Mrs Kharid Fraser, Deputy Chair, Ms Joanna Boyd, Mr Paul Carty, Mr Melvin Stoutt, Mr Ramnarine Mungroo, External Commissioner and Mr William Gilmore, External Commissioner."
The aforementioned Commissioners replace previous Commissioners Jonathan Fiechter, Ian Smith, Carleen A. Romney, Carl Hiralal, Denise Reovan and Andrew Bickerton.
Furthermore, it informed that Mr. Robin Gaul will continue to serve as the Board's Chairman, and the Commission's new Managing Director/CEO Kenneth Baker will serve as a Board member.
"I am personally delighted to welcome our new Board members. Their blended experience adds diverse expertise and insight to the Commission's work, and I look forward to serving with them in the coming year. I also would like to express my sincere gratitude and appreciation to the members of the Commission's Board who have recently retired and recognize their valuable contributions during their years in office," Chairman Gaul said.
The FSC is the responsible agency tasked to regulate and supervise financial services taking place within and outside the British Virgin Islands.