Conclusion
The evidence presented suggests that Governments’
divestment programs have had a positive impact on stock
market development in Jamaica and Trinidad and Tobago, in
particular. However, it is also patently clear that Caribbean
capital market development cannot be dependent solely
on Governments’ divestment. The private sector and the
investing public are the two primary pillars on which the
markets must be built.
More importantly, we must urgently solve the crisis
indentified by Prime Minister Anthony.
C. Wainwright Iton
Mr. C. Wainwright Iton, popularly known as Wain Iton, was appointed
general manager and Chief Executive Officer of the Trinidad & Tobago
Stock Exchange (TTSE) in December 2007 he has 25 plus years experience
in finance and management. Prior to this, Mr. Iton ran a private
consultancy offering guidance on corporate finance matters with particular
emphasis on the structuring of initial public offerings (IPOs) between
April 2004 and October 2007.
Mr. Iton headed the Jamaican Stock Exchange (JSE) from 1987 to 2004
and is credited with leading the transformation and modernisation of the
exchange from a manual operation to a fully computerised marketplace.
He was also instrumental in helping shape legislation relating to securities
and equity laws.
Mr. Iton was chairman of a steering committee on the Caribbean Capital
Markets Harmonisation Project and was responsible for co-ordinating
the project which involved the exchanges in Jamaica, Barbados, T&T, the
Dominican Republic and the Bahamas. One of the outcomes of the project
was the computerisation of all the exchanges with the exception of the
Dominican Republic. He also served on the board of directors of the Bank
of Jamaica from 2000-2001.
Iton began his career at one of the Caribbean’s largest corporations, Grace
Kennedy. From 1982 to 1987, he was a project manager and corporate
planning analyst identifying new business opportunities and providing
analysis on acquisitions.
From 1979 to 1982, he was a lecturer in the Department of Management
Studies at the University of the West Indies (UWI), where he developed
the curriculum in management accounting, financial management and
general management.
He holds a Bachelor of Science ( first class honours) in management
studies from the University of the West Indies (UWI) and was the )ɕ