Andrea Kelly, general manager of Jamaica Central Securities Depository Limited (JCSD) has been appointed to the executive committee of the Americas Central Securities Depositories Association (ACSDA).

Headquartered in the Peruvian capital Lima, the ACSDA is a non-profit organisation comprising central securities depositories and clearing houses across the Americas. 

It mainly serves as a forum for information and experience exchange among its members in a spirit of cooperation, and to promote best practice recommendations in services such as securities depository, clearance, settlement and risk management. 

ACSDA’s goal is also to support local markets in their efforts to adopt securities market regulations, while considering their specific circumstances, and to serve as a channel for dialogue with other organisations worldwide.

In response to the news, Kelly says “I am excited to have been asked to serve as the Caribbean representative for ACSDA. As a representative on the board of ACSDA, I plan to serve to the best of my ability and make the region proud. I will use this opportunity to foster even greater partnership and collaboration with the other CSDs and have others see the region as a financial hub.”

Kelly was appointed general manager of the JCSD and the JCSD Trustee Services in April 2018. In her role, she is responsible for overseeing the strategic direction of the board. The JCSD is a wholly owned subsidiary of the Jamaica Stock Exchange and was incorporated on January 8, 1998. 

The JCSD was established to provide depository and settlement services for securities traded electronically on Jamaica’s domestic stock market.