Jamaica’s financial sector is now under the spotlight after revelations of fraudulent activity at a few finance houses.
The case of sprint legend Usain Bolt allegedly missing US$12.7 million from beleaguered Stocks & Securities Limited (SSL) has infuriated many Jamaicans and left questions still unanswered.
Looking at some of the alleged perpetrators, some have quickly drawn the conclusion that a number of well-trusted women at these institutions are engaging in skulduggery.
This besmirches many women who have built stellar careers over the years at both brokerages and banks and paints them unfavourably.
The unfortunate spate of sticky fingers at these institutions has far reaching ramifications for financial professionals in Jamaica and shakes confidence in a progressively improving sector.
People will now be more vigilant and take time in deciding who they place their money with.
The Bank of Nova Scotia (BNS) is a AAA-rated institution which has a history in Jamaica that goes back to 1889 (134 years).
BOLT FIASCO SHOULD BRING GREATER PROBITY
Many have viewed Scotia as overtly conservative, a belt and braces kind of set up, but now we all see why this approach is in the customer’s best interest.
Having a reputation of integrity, reliability and adhering to required regulations and practices means your money is safe and secure and that you can access it when needed.
The Bolt fiasco should now bring greater probity and those in the sector who have built an honourable reputation on sound principles should see Jamaicans keeping faith with them.
Institutions are built on the integrity of those who represent them and work there.
Anya Schnoor, who was recently appointed chair of the Scotia Group Jamaica board, has a long-standing reputation as one of Jamaica’s finest bankers. She has acquitted herself at all ports of call – Eagle Unit Trust, Pan Caribbean Financial Services, Scotia DBG, Scotia Trinidad & Tobago and now as executive vice-president, Caribbean, Central America and Uruguay, International Banking. Her career spans almost 30 years. She is a trusted and respected professional, recognised for her integrity.
Audrey Tugwell-Henry is a banker with 34 years experience under her belt. She had considered being a teacher before turning to banking. She started out as a teller and worked her way to the very top of the ladder. She is now CEO of Scotia Group, overseeing Jamaica, North and Central regions, which include The Bahamas, Cayman and Turks & Caicos.
Along the way she has worked at Citibank and served as senior general manager for retail banking at NCB.
This is how head office in Canada described Tugwell Henry.
“A seasoned executive with over 30 years of financial services experience in Jamaica. Tugwell-Henry has been responsible for retail banking since 2017. Audrey is uniquely suited to lead Scotiabank Jamaica. She is a transformational leader who has consistently demonstrated that she is a catalyst for our performance culture and customer focus.”
Sabrina Cooper has had a long-standing career in banking, spanning over two decades. She was vice-president of retail banking at Sagicor before becoming vice-president of payments there. She was recently appointed senior vice president of wealth and CEO of Scotia Investments by Scotia Group. She is responsible for private banking, brokerage and asset management at Scotia and is considered a safe pair of hands.