Kester Guy is new FSC CEO

THE FINANCIAL SERVICES Commission (FSC) has a new chief executive officer. 

Kester Guy, who was acting in the post since January this year, has been given a clear mandate by the FSC board of commissioners to head the local regulatory body.

Chairman of FSC, Sir Frank Alleyne, made the official announcement to staff on Tuesday morning indicating that Guy had been fully endorsed by the commissioners as “the right person to take FSC forward”.

Sir Frank explained to the over 50 staff members gathered to welcome their new CEO, that the process of selection was very extensive.

“We hold the view that the most important decision the Board will make in relation to staff is the choice of CEO. We used the most modern methods available to us and after careful scrutiny, made a recommendation that has now been confirmed by Cabinet,” said Sir Frank.

Guy, who moves from his substantive post of deputy CEO, supervision & regulation, is the second board-appointed CEO at FSC.  He is a career regulator and economist with an extensive background in research and quantitative analysis.

His most recent post before joining FSC was that of assistant director at the Central Bank of Barbados. He has also held the post of CEO of Barbados Deposit Insurance Cooperation, senior economist at the Central Bank of Barbados and economist at the Central Bank of Trinidad and Tobago. (PR)