Board of Directors
Although the Bank is owned by the Government of the Virgin Islands, its decisions are made autonomously by the Bank’s Board of Directors. The Bank maintains a high level of transparency and accountability in its corporate reporting.
The Bank maintains the Board’s composition and structure by having well-informed people with diverse backgrounds, relevant experience, and independence from management. Currently consisting of seven (7) members including two (2) Executive Directors, specifically the Chief Executive Officer and the Chief Financial Officer, the Board of Directors is headed by a Non-Executive Chairman. As per the Memorandum and Articles of Association, the Board of Directors consists of a Chairman and a minimum of five (5) other Directors but no more than nine (9) other Directors, some of whom shall be Executive Directors. Each Director is a member of one or more of the following committees: Audit and Compliance Committee, Assets and Liabilities Committee (ALCO), and Credit Committee.
CONTACT THE BOARD OF DIRECTORS
If you would like to communicate with the Board of Directors, please send a letter to the Corporate Secretary at the National Bank of the Virgin Islands (Limited), P.O. Box 275, Road Town, Tortola, VG1110, British Virgin Islands. The letter should indicate to whom the communication is intended. The Corporate Secretary may sort or summarize the communications as appropriate. Communications that are commercial solicitations, customer complaints, incoherent or obscene will not be communicated to the Board or any director or committee of the Board.
Mr. Clarence M. Faulkner, Jr. was appointed as Chairman of the Board of the National Bank of the Virgin Islands Limited in July 2012 and is ultimately responsible for the establishment of the Bank’s strategic direction and charting the course of transition from a quasi-development bank to a fully-fledged commercial bank.
He is the Founder and Managing Director of PMI Group of Companies (“PMI”), which provides Consultancy, Management and Administrative services to private and public institutions relating to investments and pensions. He has worked in the pension and investment arena for over 18 years. Prior to establishing PMI, he served as the Investment Manager of the BVI Social Security Board. Over the years, he has served on the boards of several public and private sector entities.
- Masters of Business Administration (Hons) (Finance), 2005
- Bachelor of Commerce (Accounting and Finance), 1996
Benedicta P. T. Samuels was appointed Director of the National Bank of the Virgin Islands Limited in September 2012. Ms. Samuels is a Barrister and Solicitor. She has read courses in hedge fund administration and anti-money laundering and has completed a tutor-training programme with the Financial Services Institute, H Lavity Stoutt Community College, Virgin Islands.
Ms. Samuels has been admitted to practice law in the Virgin Islands, Anguilla, Antigua and St. Kitts/Nevis. She has been appointed as a Notary Public and Commissioner for Oaths in the Virgin Islands. She is a Member of the Society of Trust and Estate Practitioners and of the BVI Bar Association. She is a former adjunct Lecturer of the H Lavity Stoutt Community College and of the University of the West Indies School (Open Campus). She continues to sit on a number of Statutory Boards, focus groups and Government-established Committees.
- Certificate in Mediation, 2006 and 2014
- Certificate in Securitizations and Credit Derivative, 2005
- Certificate in E-Commerce Law and Regulation, 2005
- Master of Laws (Legislative Drafting), 1998
- Legal Education Certificate, 1996
- Bachelor of Law (Hons), 1994
Dr. Drexel M. Glasgow was appointed Director of the National Bank of the Virgin Islands Limited in 2015. Dr. Glasgow is a licenced Professional Engineer who currently serves as the Director of Projects in the Ministry of Finance, Government of the Virgin Islands. His duties include serving as lead advisor on capital infrastructure planning, development, and the procurement of works, goods and services. He is also an adjunct professor at the H. Lavity Stoutt Community College.
Dr. Glasgow is a musician and family man. He enjoys serving as the Director of Music at the New Life Baptist Church, as well as recording, composing, and producing music, and training young singers and musicians.
Licenced Professional Engineer (Registered in MN), 2004
Doctor of Philosophy, University of Minnesota, 2001
Nona F. Vanterpool – Coming Soon
Ms. Joy N. Francis was appointed to the position of Chief Executive Officer of the National Bank of the Virgin Islands Limited in April 2013. Ms. Francis is responsible for the leadership and execution of organizational strategy, with the ultimate goal of making NBVI the leading commercial banking institution in the Virgin Islands.
She has ten (10) years of experience in the banking industry and held the post of Vice President and Manager of the Commercial Loans Division for a leading financial institution prior to her tenure at the Bank. In earlier years, Ms. Francis served as a Finance Lecturer and Researcher (Financial Services Institute) at the H. Lavity Stoutt Community College, specializing in Principles of Finance and Investments and Securities Markets.
- Foundation Certificate in International Trust Management (STEP), 2005
- Masters of Business Administration (Finance), 2001
- Bachelor of Science (Finance), 1999
Mr. Ivan Hudson Carr was appointed Director of the National Bank of the Virgin Islands Limited (the “Bank”) in 2017. Mr. Carr has over 30 years’ experience as a Bank Manager and Regulator in commercial banking and central banking (regulatory and currency management) and the management and stabilisation of insolvent banks. Prior to joining the Bank, Mr. Carr served as CEO / Conservator of the National Bank of Anguilla Ltd. and Caribbean Commercial Bank (Anguilla) Ltd. under Conservatorship of the Eastern Caribbean Central Bank. He has served on boards of financial institutions and regional committees.
- Post Graduate Diploma (Management), University of Leicester, 2013
- Bachelor of Science (Hons) (Economics and Management), University of the West Indies, 1991