Beautiful Virgin Islands

Monday, Oct 06, 2025

Financial Services introduced among ministerial assignments

Financial Services introduced among ministerial assignments

The government has moved to introduce a Financial Services Ministry with the assignment of ministerial portfolios after the recent swearing-in of government ministers last week.
A recent government release revealed that newly elected Deputy Premier, Lorna Smith, OBE, is now expected to serve as Minister of Financial Services, Labour and Trade, which is a newly created portfolio.

Premier Dr Natalio Wheatley, who retains the portfolio of Minister of Finance, indicated that the development of the Financial Services, Labour and Trade Ministry is in alignment with his government’s strategic position to fully harness the economic potential of the territory.

Among the subject areas announced as being under the Deputy Premier’s portfolio are banking (includes the National Bank of the Virgin Islands), Companies, Consumer Affairs, Economic Planning, e-Government and Financial Services.

Smith is also expected to oversee Human Resource Planning, Insurance, Investment Promotion, Labour, Science and Technology (including digital transformation), Statistics, Trade and Business (including licences), Trusts and Workforce Development.

Premier Wheatley commented: “As a territory, we have engaged in a series of serious discussions about creating a new ministry that focuses more keenly on one of the two main pillars of our economy.”

Since the Deputy Premier has such a wealth of experience and is going to bring to bear her expertise in this area in a more direct way, Premier Wheatley said his government has determined that now is the opportune time to take this important step in the formation of this new ministry.

In the meantime, the other ministerial assignments that were announced include the return of Kye Rymer as Minister for Communications and Works and Sharie de Castro as Minister for Education, Youth Affairs and Sports.

Vincent Wheatley will now take up the role of Minister for Health and Social Development. This follows his stint as Labour Minister in the previous Virgin Islands Party (VIP) administration.

For the two newly elected VIP representatives, Luce Hodge Smith will serve as Junior Minister in the area of Culture and Tourism, while Dr Karl Dawson will serve as Junior Minister in the area of Agriculture and Fisheries.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
×