Stung by Opposition criticism of Government spending, deficits and the Moody’s credit rating downgrade, Prime Minister Kamla Persad-Bissessar and Communications Minister Vasant Bharath last night p
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New TTSE CEO Michelle Persad - Plans to ‘hit the ground running’
In early November 2013, Finance Minister Larry Howai signalled Government’s intention to take one step closer to expanding the T&T Stock Exchange (TTSE). He said then, the Government wanted to double the number of companies listing on the exchange and therefore, more State companies are expected to list in 2014 and beyond.
Piloting that planned expansion of TTSE is newly-appointed chief executive officer, Michelle Persad, who took up the reins effective January 1, 2014. Persad spoke to Business Guardian at the TTSE office, Nicholas Towers, Independence Square, Port-of-Spain.
With more than 23 years’ experience in investment management, treasury and merchant banking, she brings to the TTSE key aspects of the financial and investment environment. Persad replaces Wainwright Iton, who left thte TTSE to become chief executive officer of the Securities and Exchange Commission (SEC).
Commenting on her appointment, Persad said: “Mr Iton’s shoes are big shoes to fill, he has been at the stock exchange for some time and he is the face associated with the exchange.” Determined to “hit the ground running,” Persad said her investment experience is an asset to the TTSE as she clearly sees the needs of investors and the TTSE’s role in providing investment opportunities for them.
“When you are involved in treasury, you get a good feel for what moves the market, in general, in terms of the money market as well as the investment side of things.”