Drawing on an enviable mix of local, regional and global experience, the Directors for the Barbados Stock Exchange Inc. & the Barbados Central Securities Depository Inc. provide strong leadership and strategic oversight.
BSE Directors
Randall Belgrave, SC, LEC, FCIArb
Chairman
Member of:
Audit & Finance Committee
HR & Compensation Committee
Mr. Randall D. Belgrave is a Senior Counsel and Chairman of the Board of Directors of the Barbados Stock Exchange Inc. (BSE), the Barbados Central Securities Depository Inc. (BCSDI) and a Director of other corporate and non-corporate organizations.
Mr. Belgrave is a member of the Barbados Bar Association, a fellow of the Chartered Institute of Arbitrators and he serves as legal counsel to several corporations including Royal Bank of Canada, Caribbean Financial Services Corporation and Popular Discounts Inc.
He is a graduate of and holds a LL.B (Upper Second Class Honours Degree) from the University of the West Indies (U.W.I) and the Legal Education Certificate (L.E.C.) from the Hugh Wooding Law School. His main areas of practice are in Banking, Civil, Commercial, Corporate, Offshore, Trusts, Labour and Real Property Law.
Mr. Belgrave is married and the father of two (2) sons.
Michelle Doyle Lowe, B.Sc., M. Phil, CFA
Director
Mrs. Michelle Doyle-Lowe is the Deputy Governor (Ag.) of the Central Bank of Barbados.
Doyle-Lowe, a career central banker, joined the Bank as an Economist in 1997 and she has held the posts of Deputy Director, Banking, Currency and Investments, Adviser to the Governor, and most recently Director of Research and Economic Analysis Department.
She has contributed significantly to the formulation of policy as well as to the management of public debt, the reserves and financial sector development.
Doyle Lowe has also garnered immense exposure to the Bank’s operations, including the oversight of its payment systems and more recently she expanded her depth of knowledge and experience while serving as the Bank’s chief liaison with regional and multilateral agencies, and as the principal coordinator of the Government of Barbados’ bond issuance on the capital market.
A Chartered Financial Analyst (CFA) since 2005, Doyle-Lowe also possesses a B.Sc. (Hons) Economics from the University of the West Indies and an M.Phil. in International Finance from the University of Glasgow, Scotland, United Kingdom.
simona watkis
Director
Mrs. Simona Watkis is the CEO for NCB Capital Markets (Barbados) Limited, a member of the NCB Financial Group, which is headquartered in Jamaica. She is tasked with accelerating regional expansion and fostering the development of the secondary market to provide investors in Barbados and the Eastern Caribbean with greater investment opportunities particularly through fixed income investments and structured finance (bond and equity financing).
Simona was appointed as CEO NCB Barbados in September 2018 and manages a team of experts in Wealth Management and Investment Banking based in Barbados. The team is tasked with designing and implementing wealth / asset management advisory services and creating structuring solutions with a strategic focus on effectively penetrating the market to increase market share and realize revenue growth targets and maximize operating capabilities.
She holds a Masters Degree in General Management from the University Of Phoenix and a Bachelor in Finance.
Charles King, CFA
Director
Mr. Charles King is the Chief Investment Officer of Figtree Family Office Limited, Barbados. Mr. King has 15 years’ risk and investment management and capital market experience for international multi-asset portfolios.
Mr. King is proficient in designing investment/risk management policies, driving and implementing investment strategy and building investment, wealth management and reporting infrastructure.
Mr. King is no stranger to the boardroom, as he has significant boardroom and leadership experience with a sound track record for innovation and achieving results. Mr. King holds a Master of Business Administration from the University of Warwick, Coventry, United Kingdom and is a Certified Financial Analyst (CFA).
Jillian Nunes, CFA
Director
Ms. Jillian Nunes is the Vice President and Country Head at Royal Fidelity Merchant Bank and Trust (Barbados) Limited.
Jillian manages the daily operations and oversees the investment management services of discretionary client assets including: mutual funds, trusts, High Net Worth Clients and institutional investors. Prior to joining Royal Fidelity in 2009, Jillian was employed at Caribbean Money Market Brokers (CMMB).
Ms. Nunes holds a Bachelor’s from the University of Toronto and has been a CFA charter holder since 2011.
Dexter Moe, BSc. (Hons.), MBA, ACIS, CFA
Director
Mr. Dexter Moe is the Vice President, Investment Management Services at Sagicor Asset Management Incorporated.
Dexter brings over 15 years of investment management experience to his role of Vice President. In this position, he is responsible for developing and implementing the investment management strategy for life insurance, pension and asset management portfolios.
Mr. Moe and the team at Sagicor Asset Management are strongly committed to providing a wide range of investment solutions for individual investors as well as local, regional and international institutions.
Randy Graham
Director
Mr. Randy Graham is the Chief Executive Officer (CEO) of Massy United Insurance Ltd. and is responsible for the future growth and progress of one of the region’s leading insurance providers.
Prior to joining Massy United Insurance, Randy served as the CEO of the Financial Services Commission (FSC) in Barbados, where he was responsible for the strategic vision of the organization which regulates, supervises and monitors the non-bank financial system, inclusive of the insurance, pensions, credit unions and securities sectors.
His expertise in the financial and insurance industry is extensive as he was also the Director of Insurance and Pensions at the FSC and General Manager of Insurance Management and Professional Services (IMPS). Randy is a trained Risk Manager and also lectures at the University of the West Indies (Cave Hill School of Business), the Insurance Institute, and the Credit Union League.
Randy graduated Suma Cum Laude from Southwest Missouri State University with a degree in Insurance and also holds a Master of Science degree in Risk Management from St. John’s University in New York. His awards and scholastic achievements include the Spencer Education Fund Scholarship, St. John’s University Graduate Research Grant, and the Dean’s Distinguished Scholar Award. He was also the first person in Barbados to receive the designation of a Barbados Chartered Insurer.
Randy has consistently held several executive leadership positions and has sat on several Boards of both local and regional associations, as a Director.
GILLIAN M. H. CLARKE, BSC, LL.B
Director
Gillian Marguerite Henderson Clarke is a third generation lawyer. She is one of the founding partners of Clarke Gittens Farmer and currently the head of the firm’s Corporate Department.
Gillian’s practice spans a range of corporate and commercial matters, including corporate structuring, tax planning, mergers & acquisitions and finance. She also advises on the establishment of charitable trusts, registered charities and non-profit companies, and has been an advisor to the Barbados Gallery of Art Trust since 1989.
Gillian has gained certifications in alternative dispute resolution from the Kellogg Graduate School of Management, Northwestern University in Chicago and Harvard Law School, and is an Accredited Mediator and Member of the Centre for Effective Dispute Resolution (CEDR) in England. She is also a member of the Society of Trust and Estate Practitioners.
Gillian serves as a director of several local, regional and international private companies, including a subsidiary of the GraceKennedy group of companies and BCSDI Custodian Trust Services Inc. Gillian is a Trustee of the Barbados Gallery of Art Trust, the Peter Moores Barbados Trust, and a Member of the board of the Barbados National Art Gallery. She was a director of Lex Mundi, the world’s leading network of independent law firms, for five years.
Gillian has participated over many years on several national public/private sector consultations on Barbados’ corporate, securities, tax and economic substance legislation and policy, often with a focus on the international business and financial services sector, including service as a member of the task force which advised and supported the Government of Barbados on the OECD BEPS Initiative, and currently as a member of the Barbados Tax Task Force. She is also a member of the Legal Professional, and Corporate and Trust Service Providers’ Committees of BIBA, the Association for Global Business.
Marlon E. Yarde, JP., FCPA., FCGA., FCA., LL.B. (Hons)., LL.M. (Osgoode)., FCIS.
Managing Director
Mr. Marlon E. Yarde has been with the Barbados Stock Exchange Group since November 1, 2003. The Group includes the parent, Barbados Stock Inc (BSE) its subsidiary, the Barbados Central Securities Depository Inc. (BCSDI) and the subsidiary of the BCSDI, the BCSDI Custodian Trust Services Inc. (BCTSI). He currently holds the position of Managing Director and CEO within the Group.
Mr. Yarde has played a leadership role in the significant developments within the BSE over his twenty years tenure, including the BSE’s demutualization and the launch of the International Securities Market.
Mr. Yarde, a Chartered Accountant with his professional qualifications being a Fellow of the Chartered Professional Accountants Association of Canada and a Fellow of the Institute of Chartered Accountants of Barbados.
He is also a Chartered Governance Professional and Chartered Secretary holding a Fellowship designation from the Chartered Governance Institute given in London.
In addition, Mr. Yarde holds a Bachelor of Laws Degree from the University of Huddersfield in the UK and a Master of Laws Degree, specializing in Securities Law from Osgoode Hall Law School of York University in Toronto, Canada.
Mr. Yarde is currently pursuing a Doctorate Business Administration (DBA) degree from the Edinburgh Napier University (ENU), Scotland. His proposed research topic is, “The Integration of Regional Capital Markets: Understanding Securities Legislation and Corporate Governance Practice and Codes within CARICOM.” He has completed a Post Graduate Certificate in Business and Management Research Methods from ENU.
Mr. Yarde is a keen supporter of and advocate for excellent corporate governance practice in Barbados and the wider Caribbean.
BCSDI Directors
Randall Belgrave, SC, LEC, FCIArb
Chairman
Member of:
Audit & Finance Committee
HR & Compensation Committee
Mr. Randall D. Belgrave is Senior Counsel and Chairman of the Board of Directors of the Barbados Stock Exchange Inc. (BSE), the Barbados Central Securities Depository Inc. (BCSDI) and a Director of other corporate and non-corporate organizations.
Mr. Belgrave is a member of the Barbados Bar Association, a fellow of the Chartered Institute of Arbitrators and he serves as legal counsel to several corporations including Royal Bank of Canada, Caribbean Financial Services Corporation and Popular Discounts Inc.
He is a graduate of and holds a LL.B (Upper Second Class Honours Degree) from the University of the West Indies (U.W.I) and the Legal Education Certificate (L.E.C.) from the Hugh Wooding Law School. His main areas of practice are in Banking, Civil, Commercial, Corporate, Offshore, Trusts, Labour and Real Property Law.
Mr. Belgrave is married and the father of two (2) sons.
Michelle Doyle Lowe, B.Sc., M. Phil, CFA
Director
Mrs. Michelle Doyle-Lowe is the Deputy Governor (Ag.) of the Central Bank of Barbados.
Doyle-Lowe, a career central banker, joined the Bank as an Economist in 1997 and she has held the posts of Deputy Director, Banking, Currency and Investments, Adviser to the Governor, and most recently Director of Research and Economic Analysis Department.
She has contributed significantly to the formulation of policy as well as to the management of public debt, the reserves and financial sector development.
Doyle Lowe has also garnered immense exposure to the Bank’s operations, including the oversight of its payment systems and more recently she expanded her depth of knowledge and experience while serving as the Bank’s chief liaison with regional and multilateral agencies, and as the principal coordinator of the Government of Barbados’ bond issuance on the capital market.
A Chartered Financial Analyst (CFA) since 2005, Doyle-Lowe also possesses a B.Sc. (Hons) Economics from the University of the West Indies and an M.Phil. in International Finance from the University of Glasgow, Scotland, United Kingdom.
Dexter Moe, BSc. (Hons.), MBA, ACIS, CFA
Director
Mr. Dexter Moe is the Vice President, Investment Management Services at Sagicor Asset Management Incorporated.
Dexter brings over 15 years of investment management experience to his role of Vice President. In this position, he is responsible for developing and implementing the investment management strategy for life insurance, pension and asset management portfolios.
Mr. Moe and the team at Sagicor Asset Management are strongly committed to providing a wide range of investment solutions for individual investors as well as local, regional and international institutions.
Marlon E. Yarde, JP., FCPA., FCGA., FCA., LL.B. (Hons)., LL.M. (Osgoode)., FCIS.
Director
Marlon E. Yarde has been with the Barbados Stock Exchange Group since November 1, 2003. The Group includes the parent, Barbados Stock Inc (BSE) its subsidiary, the Barbados Central Securities Depository Inc. (BCSDI) and the subsidiary of the BCSDI, the BCSDI Custodian Trust Services Inc. (BCTSI). He currently holds the position of Managing Director and CEO within the Group.
Mr. Yarde has played a leadership role in the significant developments within the BSE over his twenty years tenure, including the BSE’s demutualization and the launch of the International Securities Market.
Mr. Yarde, a Chartered Accountant with his professional qualifications being a Fellow of the Chartered Professional Accountants Association of Canada and a Fellow of the Institute of Chartered Accountants of Barbados.
He is also a Chartered Governance Professional and Chartered Secretary holding a Fellowship designation from the Chartered Governance Institute given in London.
In addition, Mr. Yarde holds a Bachelor of Laws Degree from the University of Huddersfield in the UK and a Master of Laws Degree, specializing in Securities Law from Osgoode Hall Law School of York University in Toronto, Canada.
Mr. Yarde is currently pursuing a Doctorate Business Administration (DBA) degree from the Edinburgh Napier University (ENU), Scotland. His proposed research topic is, “The Integration of Regional Capital Markets: Understanding Securities Legislation and Corporate Governance Practice and Codes within CARICOM.” He has completed a Post Graduate Certificate in Business and Management Research Methods from ENU.
Mr. Yarde is a keen supporter of and advocate for excellent corporate governance practice in Barbados and the wider Caribbean.
Board Support
Ezra Marshall, MBA
Deputy General Manager – Operations
Ezra Marshall has been with the Barbados Stock Exchange Inc. (BSE) and Barbados Central Securities Depository Inc. (BCSDI) since June, 1998. He holds the post of Deputy General Manager of the BSE & BCSDI, and Director/COO of the newly formed BCSDI Custodian & Trust Services Inc. He is directly responsible for all operations. .
Mr. Marshall has, in his twenty-five (25) years with the BSE, been in the forefront of the implementation of electronic trading, clearance and settlement systems for the BSE & BCSDI. His input has been instrumental in the creation of a technologically sound, world class stock exchange and its depository which is compliant with internationally recognized trading and settlement standards.
Mr. Marshall holds a Bachelor of Science in Economics from the University of the West Indies – Cave Hill and a Masters in Business Administration with specialization in International Business from the University of Liverpool. In addition, he has participated in securities training at the US Securities & Exchange Commission, the World Trade Center and Bombay (Mumbai) Stock Exchange.
Mr. Marshall has a wide range of interests, District Emergency Organization (Chairman-St. James Central), Member of Committee of Management (Barbados Cricket Umpires Association), Member of National Domino Association & National Darts Associations, President – Benfica Cricket Club.
saabir weatherhead, FccA, Bsc
Manager – Accounting & Finance
Saabir Weatherhead joined the Barbados Stock Exchange Inc.’s group of companies in August 2022, in the role of Manager – Accounting & Finance.
He is a finance professional with close to 15 years expertise in auditing, accounting, and finance matters across various industries, having worked within multiple large conglomerates. His strategic mindset and analytical acumen have been instrumental in guiding financial success across these companies in his various roles.
Saabir holds a Bachelor of Science in Economics & Accounting from the University of the West Indies – Cave Hill Campus. In addition, he is a Chartered Accountant who is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a member of the local accounting body, Institute of Chartered Accountants of Barbados (ICAB).
Saabir manages and has oversight for all financial related matters of the Barbados Stock Exchange Inc., Barbados Central Securities Depository Inc. and the BCSDI Custodian and Trust Services Inc.
Kerry Greene, BSC
Corporate & Executive Secretary
Kerry Greene is the Corporate & Executive Secretary of the Barbados Stock Exchange Inc’s group of companies. With over twenty (20) years’ experience in the Capital Markets industry, Ms. Greene provides invaluable support to the enduring success of the Exchange.
Ms. Greene has been actively involved in several projects at the BSE, including the Demutualization on December 22, 2015. She lends her strategic assistance and operational insights to the Managing Director, the Deputy General Manager and the Board of Directors in support of all major initiatives at the stock exchange.
Prior to joining the BSE, Ms. Greene worked within the legal fraternity. She holds a BSc in Social Sciences from the University of the West Indies – Cave Hill Campus and has pursued additional training throughout the years, to enhance her professional skills and qualifications. She is a member of the Chartered Governance Institute of Canada.
Ms. Greene has a wonderful sense of humor and enjoys interacting with her colleagues and clients alike.