‘Fi­nan­cial Em­pow­er­ment’ has a new, per­ma­nent home

The Star (St. Lucia) - - LOCAL -

By Faye-Chantelle Mon­de­sir

On Sun­day 22nd Novem­ber, 2015 the First Cit­i­zens In­vest­ment Ser­vices Ltd. cel­e­brated the open­ing of its brand new home near Sans Souci along the John Comp­ton High­way, as well as its ten year an­niver­sary in Saint Lucia. It was in July of 2015 that FCIS marked a decade of suc­cess­ful op­er­a­tion in St. Lucia and the East­ern Caribbean and Sun­day’s cel­e­bra­tion of­fi­cially marked this mile­stone. The an­niver­sary was cel­e­brated un­der the theme “Cel­e­brat­ing a decade of trust, ser­vice, ex­cel­lence and growth.”

In at­ten­dance at the FCIS cer­e­mony were her Ex­cel­lency the Gov­er­nor Gen­eral Dame Pear­lette Louisy, Prime Min­is­ter Kenny An­thony, the Min­is­ter for In­fra­struc­ture, Port Ser­vices and Trans­port and MP for Cas­tries, Philip J. Pierre plus mem­bers of the First Cit­i­zens’ Ex­ec­u­tive, se­nior man­age­ment teams and val­ued clients.

Said Group CEO Karen Dar­basie at the cer­e­mony, “There are many rea­sons one would ac­quire a new home. For some, it is that sense of se­cu­rity in ac­quir­ing a ma­jor as­set; for oth­ers it is sim­ply that in­nate de­sire to be more com­fort­able or sim­ply for that ‘new home feel’. . . While th­ese are all valid rea­sons, I am aware that mov­ing to this new lo­ca­tion had a lot to do with our val­ued clients.”

As the largest full ser­vice in­vest­ment bro­ker­age firm in the Caribbean, FCIS prides it­self on its abil­ity to of­fer a host of flex­i­ble in­vest­ment op­tions, in­vest­ment ser­vices and port­fo­lio man­age­ment ser­vices.

“Over the last ten years, our con­tri­bu­tion in the bonds, trea­sury bills and eq­uity mar­kets of the East­ern Caribbean team have sig­nif­i­cantly sup­ported the economies of the Cur­rency Union and in par­tic­u­lar St. Lucia, where we have a phys­i­cal pres­ence and now a home!” said Ca­role Eleuthere-Jn. Marie, Re­gional Man­ager of FCIS East­ern Caribbean/Bar­ba­dos.

“Our en­try into Cap­i­tal Mar­kets, plus the sup­port we con­tinue to give to re­gional gov­ern­ment debt is­sues over the years, has cer­tainly con­trib­uted sig­nif­i­cantly to th­ese ter­ri­to­ries re­duc­ing their debt and, more im­por­tantly, we have added some sta­bil­ity for the com­mer­cial bank­ing sec­tor by pro­vid­ing them an av­enue to re­duce debt con­cen­tra­tions and ex­po­sure,” the Re­gional Man­ager added.

Eleuthere-Jn. Marie con­tin­ued: “All of you rep­re­sent the di­ver­sity of our busi­ness, from the young pro­fes­sional just start­ing out and look­ing to jump­start their re­tire­ment plan­ning, to the new busi­ness per­son just start­ing out and seek­ing cash man­age­ment op­tions or in­come di­ver­si­fi­ca­tion, or the young mother or fa­ther who has pur­chased their first shares or bonds to se­cure their chil­dren’s fu­ture, or the re­tiree in­vest­ing to se­cure their fi­nan­cial free­dom.”

Sana Rag­bir, the Gen­eral Man­ager, later told the STAR, “In terms of the OECS re­gion, the bank it­self has more than one bil­lion dol­lars in ex­po­sure, and in Saint Lucia we have up to ap­prox­i­mately $250,000,000. So it shows the com­mit­ment we have through the re­gion and to the coun­try. As you know we have a pres­ence in Saint Lucia, St. Vin­cent, Bar­ba­dos and of course Trinidad & Tobago. We ac­tu­ally now own this build­ing, so it shows our com­mit­ment to Saint Lucia. The fact that we’ve bought a build­ing and we own a phys­i­cal, per­ma­nent as­set, shows that we’re here to stay and to help grow the Saint Lu­cian mar­ket.”

FCIS recog­nises the need for in­vest­ment by reg­u­lar in­come earn­ers to se­cure fi­nan­cially stable fu­tures. Ca­role Eleuthere-Jn Marie says that its an­nual sem­i­nars ed­u­cate on fi­nan­cial lit­er­acy, while in­form­ing peo­ple about in­vest­ment and in­vest­ment op­por­tu­ni­ties. “We be­lieve that if we ed­u­cate peo­ple they can make de­ci­sions wisely and think fu­tur­is­ti­cally,” she re­marked.

FICS man­age­ment looks for­ward to po­ten­tial clients from all walks of life em­brac­ing the va­ri­ety of fi­nan­cial and in­vest­ment op­por­tu­ni­ties made avail­able to them, in or­der to se­cure their fu­tures, par­tic­u­larly in light of the un­sta­ble eco­nomic chal­lenges be­ing faced in re­cent times.

All smiles at the open­ing of First Cit­i­zens new home. L-R: Group CEO Karen Dar­basie, Ca­role Eleuthere-Jn. Marie Re­gional Man­ager of FCIS, Phillip J. Pierre Min­is­ter for In­fra­struc­ture, Port Ser­vices & Trans­port, Gov­er­nor Gen­eral Dame

Pear­lette Louisy and Sana Rag­bir Gen­eral Man­ager.

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