2 new Board Chairpersons appointed: Ingrid A. Moses & Neville A. Smith


Former Speaker of the House of Assembly (HoA) and ex-political candidate with the Progressive Virgin Islands Movement (PVIM) Ms Ingrid A. Moses has been appointed as Chairperson of the National Bank of the Virgin Islands (NBVI) for three years. The appointment will expire in 2027.
Is the bank financially healthy?
The Chairperson of the Board of Directors plays a vital leadership role in shaping the strategic direction of the NBVI by overseeing operations, and ensuring effective governance. The primary objective is to provide clear guidance and direction to the Board, ensuring the Bank operates in alignment with its mission, vision, and regulatory requirements. In this role, the Chairperson presides overboard meetings, and fosters a collaborative environment to make informed decisions in the best interest of the Bank and its stakeholders. Additionally, the Chairperson acts as the spokesperson for the Board and serves as the principal point of contact for the Chief Executive Officer (CEO).
The NBVI has faced criticism for moving away from its mission to help the ‘little man’, which includes small startup businesses, farmers and fisher folks. In recent years they have sold many local properties due to nonpayment of loans and allegedly giving out ‘bad loans’ that were not sustainable.
The health of the bank is unknown. Chairwoman Moses comes to the table, having had years of banking experience and she is also an Attorney. The CEO of the bank is Joy N. Francis-Penn
New Chair of Recreation Trust
Meanwhile, former Legislator Neville A. Smith has been appointed as Chairman of the Recreation Trust, the organisation that oversees all sporting facilities in the Virgin Islands (VI). His appointment is for three years and took effect from July 15, 2024, to July 14, 2027. The Deputy Chair is Stephanie Russ-Penn.
The Recreation Trust is a statutory organisation which falls under the Ministry of Education, Youth Affairs and Sports and assists the Ministry with the development and maintenance of recreational grounds and facilities throughout the Territory.
Mr Smith, a successful businessman, brings to the table over a decade of sports participation in the VI at all levels. He also worked in the private sector for years and is a security and entertainment manager. He is also familiar with all aspects of how government works after being an At Large Representative for four years [2019-2023] and the Deputy Speaker of the HoA.
The CEO of the Recreation Trust is Eustace C. Freeman aka ‘Boss’.


33 Responses to “2 new Board Chairpersons appointed: Ingrid A. Moses & Neville A. Smith”
I am proud of you. (Kay Kay)