Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Short Acting Stint! Kenneth Baker Appointed New MD & CEO

Short Acting Stint! Kenneth Baker Appointed New MD & CEO

Mr. Kenneth Baker will not have to serve much longer in an acting role as the BVI Financial Services Commission (BVIFSC) has announced his promotion to Managing Director/Chief Executive Officer, will take effect February 1, 2021.
According to the BVIFSC, Mr. Baker’s new responsibilities include oversight of all aspects of the Commission’s day-to-day operations including the regulation of the BVI’s financial services industry; the development of new services; strengthening product offerings aimed at developing, and enhancing the attractiveness of the BVI as a premier international finance centre; and liaising with Government and private sector stakeholders in pursuance of this objective.

“I am delighted to have been appointed the Managing Director/CEO of the Commission. Together with the talented senior management team, who were all groomed under the tutelage of Dr Mathavious OBE, we now transition the Commission to a risk-based operating model for greater effectiveness in supervision and will proactively address emerging challenges and strengthen the product offering,” Mr. Baker stated.

Mr. Baker’s experience in the financial services sector spans over 37 years. He was appointed acting MD/CEO when Dr. Robert Mathavious, OBE officially retired from the position on December 31, 2020.

Mr. Baker joined the Financial Services Department of the Virgin Islands Government in June 2000, as the Inspector of Banks and Trust Companies after his private-sector career in Banking. Mr. Baker was appointed as Director, Banking and Fiduciary Services following the Commission’s establishment in 2002 and later promoted to Deputy Managing Director, Regulation in 2005. Mr. Baker holds a Bachelor of Business Administration (International Corporate Finance), 1988.

Board of Commissioners’ Chairman, Robin Gaul said Mr. Baker has the necessary administrative skills and knowledge of the Territory’s relevant legislation, with exposure to the various facets of regulation and enforcement procedures, and has proven to be a team player, with the ability to interact both with the public and private communities.

"He has garnered the respect of both senior and junior management, staff members, as well as stakeholders in the Industry. I extend heartiest congratulations to Mr. Baker and wish him every success in his new and expanded role within the Commission,” Mr. Gaul stated.

Dr. Mathavious retired from the position after 18 years of service as the Commission’s first MD/CEO.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×