Robin Levy will get only two days’ rest when he leaves the Jamaica Stock Exchange (JSE) on November 3, as he will take up his new job as group CEO at the Jamaica Co-operative Credit Union League on November 6.
Levy is replacing Glenworth Francis, who is retiring at the end of this year at the same company where he (Levy) worked as manager for consulting services before moving to the JSE 12 years ago.
Levy is currently deputy general manager at the JSE and general manager of the Jamaica Central Securities Depository (JCSD), which is the aim of the JSE that helps companies compile and file monthly and annual reports.
Under his leadership, the JCSD has grown to command the largest register in the island and has over 50 trustee clients. It facilitates more than $600 billion in market capitalisation and generates average returns on shareholders’ equity of at least 10 per cent above treasury-bill rates.
In an interview published in the Sunday Observer on October 15, Levy, spoke to the growth of the equity market, saying that it has come a long way, especially since the introduction of the Junior Market.
“The success the market has had and the great interest that has been generated in the companies listed have been as a direct result of the good work those companies have done in driving their revenues, creating jobs and proving to be good value to the investors,” he said. “Even persons who weren’t interested before are now eager for each new IPO. Of course, falling interest rates have helped a lot to shift investor focus away from fixed income and towards equities, so we can’t take all the credit.“
Levy, who holds an MBA in finance from Marist Business School in New York, and a bachelors degree in accounting from The University of the West Indies, is a certified fraud examiner, risk manager and financial specialist, and has held numerous management positions over a career spanning 30 years.
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