The JSE Group is mourning the death of retired business tycoon, Alvaro Alonso Casserly, a veteran leader whose influence stretched across corporate Jamaica and decades of public service.
Casserly, remembered as a “giant” in Jamaican business, built a distinguished career spanning finance, media, health, public utilities and philanthropy. The Jamaica Stock Exchange announced his passing in a post, which gave no details about his transition. However, the equities regulator noted that his contributions left “an indelible mark” on every sector he touched.
Casserly served on the board of the Jamaica Stock Exchange from 1991 to 2005 and was an active member of the JSE’s Best Practices Awards Committee. He was also the longest-serving director on the boards of the Jamaica Central Securities Depository (JCSD) and JCSD Trustee Services Limited, where he helped guide the development of key products and services. Casserly’s service also extended to the Jamaica Unit Trust, where he held various roles between 1972 and 2000.
Outside of corporate life, Casserly was widely respected for his commitment to civic and social causes. He chaired the Council of Voluntary Social Services from 1971 to 1973 and led the Jamaica Council for the Handicapped from 1973 to 1976. A longtime member of the Rotary Club of St. Andrew, he later became District Governor for Rotary International District 7020 during the 1989–1990 term.
His decades of service earned him the national honour of the Order of Distinction (Commander class) for public service and voluntary work. In a statement, Group Chief Executive Officer Livingstone Morrison, along with the JSE Group’s boards and staff, extended condolences to Casserly’s family, noting his “remarkable legacy” and the lasting impact he made on colleagues, institutions and communities across Jamaica.
Casserly has had a very distinguished career spanning over four decades and is a Past Chairman of the United Way’s Caribbean Regional Council and United Way of Jamaica. He is the Vice Chairman of the Caribbean Central American Action (CCAA). Casserly has served on several boards, including Jamaica Flour Mills Limited, Braco Resorts Limited, Independent Radio Company Limited, and Dyoll Group Limited.
He had also dedicated himself to working with many charitable organisations to better the lives of others, serving on the Financial Board of the Diocese of Jamaica, and was an active member of the St. Andrew Parish Church.
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