EXCLUSIVE: Dr Robert A. Mathavious dismisses retirement talk
“The answer is no. I am not retiring this year,” he said when this news site approached him for a comment during a recent public event.
“Yes I will be retiring soon but not this year,” he said.
Asked to comment on the state of the financial services industry and the challenges the territory is facing, Mathavious said that he is to address such concerns at his next Meet the Regulator session to be held in the coming months.
Bio - Dr Robert A. Mathavious
Dr Mathavious, who holds a Bachelor’s of Science in Economics from The University of the West Indies and a master’s degree from Georgetown University, Washington, DC has been described as a driving force in the financial services sector of the Virgin Islands for many years.
He was appointed the first Managing Director and Chief Executive Officer of the Financial Services Commission in 2002 after 25 years in the public service with the Government of the Virgin Islands.
As the Managing Director and Chief Executive Officer of the Financial Services Commission, Mr Mathavious is responsible for the administration and operation of the Financial Services Commission. His responsibilities include: the regulation of the VI’s financial industry; the development of new service and product offerings aimed at developing, and enhancing the attractiveness of the VI as a situs for legitimate cross border financial services; and liaising with Government and private sector stakeholders in pursuance of this objective.
Prior to his appointment, he served as Financial Secretary for the Government of the Virgin Islands (1985-1991). During his tenure, he chaired an ad-hoc committee that developed the draft legislation of the Banks and Trust Companies Act and the Company Management Act, both of which were enacted in 1990. Dr Mathavious was appointed as Director of Financial Services in 1993 and was charged with the development and regulation of the financial services sector. Consequently, he was critical to the design of legislation to establish the Financial Services Commission, through the Financial Services Commission Act of 2001.
Dr Mathavious is also a member on a number of professional boards. He is a member of the Financial Investigation Agency Board, the FATCA Negotiating Team for the Virgin Islands and the Tax Information Exchange Agreement Negotiation Team for Government of the Virgin Islands. He is a Fellow of The Offshore Institute (1990) and received the Rotary Club of Road Town Citizen of the Year award (1994-1995).
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