Daryl Raymond appointed as Chairmanship of Board of Directors of Saint Lucia Development Bank

Daryl Raymond appointed as Chairmanship of Board of Directors of Saint Lucia Development Bank

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Saint Lucia: The Saint Lucia Development Bank is pleased to announce that Daryl Raymond has assumed the Chairmanship of Board of Directors of the Bank, for a three (3) year term. Raymond has the distinction of being among the youngest Chairpersons of a major statutory entity and Bank in the region.

Raymond is finance professional by training and has the honour of being a 2015 Commonwealth Scholar. The newly appointed chairman is a graduate of the University of the West Indies, Cavehill Campus, Barbados, from where he earned a Bachelor of Science Degree (B.Sc) in Banking and Finance, with First Class Honors. Raymond also holds a Master of Science (M.Sc.) with distinction in Development Finance from the University of Manchester. His research highlighted the link between remittance inflows and economic growth, as well as microfinance and development.

Raymond is presently the Country Manager for Rainforest Adventures Saint Lucia. He has also been employed as a Senior Consultant with Deloitte – attached to the USAID Caribbean Clean Energy Project. Within the sphere of the public service, Raymond served as Contracts Manager at the Ministry of Infrastructure, Port Services and Transport. In addition, he has served on numerous statutory boards, including the Board of Directors of Invest Saint Lucia.

In the early stages of his career, Raymond served as a lending Officer at the SLDB. He now returns to lead the policy direction and overall corporate governance of the SLDB at a crucial time when the Bank is called upon to play a leading role in supporting inclusive development.

Speaking on his appointment, the new chairman noted the significance of the task at hand. “The SLDB is well placed to implement bold and innovative banking solutions that support sustained, people-centred economic growth. To achieve its mandate, the Bank’s policies and procedures must be efficient, robust, and responsive to the needs of both the public as well as private sectors.” Raymond thanked the Government of Saint Lucia for the confidence shown in the Board, particularly in relation to the Cabinet’s urgent support in strengthening the Bank’s Capital base.

Additionally, in his professional and academic pursuits, Raymond has also been immersed in community activism. He is a former 1st – Vice President of the Saint Lucia National Youth Council, a former Director on the Board of the Community Development Foundation (CDF), and a former Secretary of the Saint Lucia Kennel Club.