BCSDI Custodian Trust Services Inc. (BCTSI) was incorporated in Barbados on January 28, 2021 and is the wholly owned subsidiary of the BCSDI. It was established to consistently deliver cost-effective and dependable custodian and trustee services to members of the financial services industry. Through its current Manager, Custodian Trustee Services – Ms. Nicole Weekes, the affairs of the BCTSI are administered by a Board of Directors which is separate and distinct from those of the BSE and the BCSDI.
In accordance with its By-laws, the Board of the BCTSI consists of a minimum of one (1) Director and a maximum of nine (9) Directors headed by the current Chairman of the BSE Group, joined by the present Managing Director of the BSE Group, as well as the group’s Deputy General Manager – Operations. The complete list of BCTSI Directors is as follows:
- Mr. Randall Belgrave, Q.C. – Chairman
- Mr. Marlon Yarde – Managing Director, BSE Group
- Mr. John E. Marshall – Deputy General Manager – Operations
- Ms. Gillian Clarke – Attorney at Law
- Mr. Cameron Haynes – Chartered Accountant & Chartered Secretary
- Mrs. Maureen Chung – Retired Financial Services Industry Professional
The BCTSI provides a host of corporate trustee services including but not limited to:
- Administration of funds under trust;
- Maintenance of accounting records in respect of funds;
- Providing monthly activity statements where applicable;
- Providing Annual Statements and Audit Confirmations upon request – statements can also be provided (for a fee) at a client’s request;
- The preparation, calculation, and disbursement of interest payments to note holders;
- Registry Operations;
- Custodial Services;
- Trustee for Debenture and Convertible Note Issues;
- Securitisation Facilities;
- Trustee or Administrator for Retail Superannuation Funds.