The newly established Citizenship by Investment Unit of St. Kitts and Nevis has been appointed a chairperson and five members as the Board of Governors. This has been initiated under the Citizenship by Investment Unit Act of 2024.
The announcement was made through a media release, which further stated that these appointments have been made after several evaluations conducted to maintain and strengthen the credibility and integrity of the Citizenship by Investment Programme (CBI).
Details of Citizenship by Investment Unit Act, 2024
In the 40-year long federation’s CBI journey, the initiative to establish a statutory body is the beginning of the revolution. Under this new changes to take Unit to new heights will be implemented and this decision has also been appreciated by the international partners and investors.
Citizenship by Investment Unit Act was passed on June 14, 2024. Under this law, a special organization has been established as a ‘Body Corporate’, which is named St. Kitts and Nevis Citizenship by Investment Unit. This Unit will be overseen by the appointed Board of Governors.
St. Kitts and Nevis has marked a significant milestone in the 40-year CBI Programme that has been proved evolutionary. This beginning will reinforce the commitment to the highest standards of professionalism among the management of the Unit. This will also enhance the international cooperation, and ensure detailed due diligence.
Appointment of new Chairperson
Calvin St. Juste has been chosen to lead the Board of Governors as its Chairperson. He has been selected for this important role because of his impressive career and experience on the international stage.
The newly appointed Chairperson, Calvin St. Juste has ample experience working as Wall Street executive. He has expertise in the sectors of finance, cybersecurity, and managing clients. This background makes him well-suited to lead the board and help make important decisions for the organization.
Juste has also served as the former Global Chief Operating Officer (COO) and Head of Global Strategy at Morgan Stanley Wealth Management’s Financial Wellness division and as COO for Global Fraud and Cybersecurity.
Additionally, Juste is very skilled at leading teams that work with high-net-worth international clients. He has won Stevie® Awards for his excellent customer service and efficiency. He also has valuable knowledge about the region’s financial situation from his time working at the Eastern Caribbean Central Bank (ECCB).
Further expressing delight on his appointment, Calvin St. Juste stated that it has been more than 40 years that St. Kitts and Nevis has been the torchbearer among the Citizenship Investment industry and has been looked upon as the leading service providers worldwide.
He added that the country is building a world-class corporation, providing transparency and good governance to the investors and the citizens. The federation aims at sustainable growth and leadership at the global level.
Role and Appointment of Board of Governors
Along with the chairperson, the government has also announced the appointment of five Boards of Governors who are highly qualified and will look after the newly established Citizenship by Investment Unit.
It is to be noted that the Board of Governors include professionals with distinguished achievements in the sectors of finance, business, and governance. They will use their diverse proficiency to improve the Unit’s functions.
Members of the Board of Governors include Damille James, Dr Louisa Lawrence, Kishma Maclean, Marsha Harris and Carlton Pogson.
Dr Louisa Lawrence is an experienced economist who has contributed to the economy of St. Kitts and Nevis.
Damille James is a seasoned professional with an experience of over two decades in risk management, regulation, and anti-money laundering (AML). He has also served at the Eastern Caribbean Central Bank (ECCB).
Kishma Maclean has achieved expertise in marketing and finance both and also specializes in AML, counter-financing of terrorism (CFT), and proliferation financing.
Carlton Pogson has skills in project management, organizational development, and strategic planning, all of which will help strengthen the team.
Marsha Harris has served in the Finance Division of the St. Kitts Nevis Anguilla National Bank for two decades. His appointment will add substantial financial expertise to the Board.
Chairman Calvin St. Juste shared that it will be his honour to lead talented and experienced team. He added that the unit will have the team that is committed and dedicated to serve for the betterment of the St. Kitts and Nevis. He further assured that they will altogether work to deliver premium Citizenship by Investment services to investors worldwide.
