Cabinet Appoints Tamara Maduro As National Bank's New Chair
Tamara Maduro is positioned to be the next non-executive Chairman of the National Bank of the Virgin Islands Limited (NBVI) following Cabinet's approval.
Cabinet met on January 19, 2022 and decided that pursuant to the Articles of Association of the NBVI and subject to the approval of the Financial Services Commission, the banking regulator, the appointment of Maduro be approved to the membership of the Board of Directors NBVI as Non-Executive Director and Chairman for three years with effect from 1st February, 2022 to 31st January 2025.
Cabinet also appointed Ivan Hudson Carr to the membership of the Board of Directors of the bank be renewed as Non-Executive Director and Member for two years with effect from 28th February 2022 – 27th February 2024.
Based on her work profile, Maduro has been practicing BVI law for the past seven years. She previously worked in the corporate teams at two other well-established firms in the BVI. In 2016 Maduro was seconded to New York and worked alongside the corporate team of a New York city-based law firm, Patterson Belknap Webb & Tyler LLP where she gained experience in private equity and M&A transactions.
She is also a Notary Public and a Commissioner for Oaths for the BVI and was admitted in the BVI in 2014. Prior, she was admitted in England and Wales in 2013 (not practicing).
Maduro takes over as Chairman from Clarence Faulkner Jr, the former Investment Manager of the Social Security Board (SSB). Back in May 2021, Cabinet appointed Maduro who would serve as the Chairman, of the Prospect Reef Resort Board.
Cabinet noted that a transparent process was used to fill the vacant position of Chairman of NBVI as the position was advertised and applications vetted prior to selection of the candidate.
Cabinet also appointed Ivan Hudson Carr to the membership of the Board of Directors of the bank be renewed as Non-Executive Director and Member for two years with effect from 28th February 2022 – 27th February 2024.
Based on her work profile, Maduro has been practicing BVI law for the past seven years. She previously worked in the corporate teams at two other well-established firms in the BVI. In 2016 Maduro was seconded to New York and worked alongside the corporate team of a New York city-based law firm, Patterson Belknap Webb & Tyler LLP where she gained experience in private equity and M&A transactions.
She is also a Notary Public and a Commissioner for Oaths for the BVI and was admitted in the BVI in 2014. Prior, she was admitted in England and Wales in 2013 (not practicing).
Maduro takes over as Chairman from Clarence Faulkner Jr, the former Investment Manager of the Social Security Board (SSB). Back in May 2021, Cabinet appointed Maduro who would serve as the Chairman, of the Prospect Reef Resort Board.
Cabinet noted that a transparent process was used to fill the vacant position of Chairman of NBVI as the position was advertised and applications vetted prior to selection of the candidate.
