NESTOR ALFRED BRINGS TO THE CITIZENSHIP BY INVESTMENT UNIT VAST EXPERIENCE AS A REGULATOR WITHIN THE FINANCIAL SERVICES SECTOR.

The Citizenship by Investment Board is pleased to announce the appointment of Nestor Alfred to the position of Chief Executive Officer of the Citizenship by Investment Unit effective today, Aug. 8.

Mr. Alfred holds a Bachelor of Science in Management Studies from the University of the West Indies and an Masters of Business Administration from Henley Management College/Brunel University. Prior to his current appointment, his former roles included Executive Director of the Gaming Authority; Financial Management Consultant; Banker in the jurisdictions of Saint Lucia, Barbados and the Cayman Islands; Senior Executive within the East Caribbean Financial Holding Group; Director of Saint Lucia Financial Sector Supervision Unit; Registrar of Insurance and Assistant Comptroller of Inland Revenue Saint Lucia. Regionally, he serves as Commissioner to the CARICOM Competition Commission.

Mr. Alfred brings to CIP Saint Lucia vast experience as a regulator within the financial services sector and expertise in the areas of Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT).

The board looks forward to working with him as he provides necessary leadership to the Citizenship by Investment Unit and overall management of its affairs. The board and the new CEO shall utilize their best efforts to continue positioning CIP Saint Lucia as a reputable, attractive and well run global citizenship program.