former stock exchange ceo: Wainwright Iton

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Iton now new CEO at TTSEC

...Lystra Lucillio is his deputy

 The Trinidad and Tobago Securities and Exchange Commission (TTSEC) has a new chief executive officer and deputy CEO.

The board ofww commissioners of TTSEC yesterday announced that Wainwright Iton and Lystra Lucillio have officially assumed duties as CEO and deputy CEO respectively at the commission.

Iton is the immediate former CEO of the Trinidad & Tobago Stock Exchange Ltd (TTSE).

It was a position he held since December 2007. 

Prior to that appointment, Iton ran a private consultancy, offering gui­dance on corporate finance matters, with particular em­phasis on the structu­ring of initial public offe­rings (IPOs). 

A statement from TTSEC said from 1987 to 2004, Iton hea­ded the Jamaican Stock Exchange (JSE) 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,” the TTSEC said.

Iton began his career at one of the Caribbean’s largest corporations, GraceKennedy, where he was a project mana­ger and corporate planning analyst, identify­-

ing new business opportunities and pro­viding analysis on acquisitions, from 1982 to 1987. 

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 has 30-plus years’ experience in finance and management and holds a Bachelor of Science (first-class honours) in management studies from UWI and a Master in Business Administration from the University of Western On­tario, Canada.

New TTSEC deputy CEO Lucillio has been employed at the commission since 2007 and was previously the commission’s director, Information Management. 

In that position, she was charged with the delivery of strategic and tactical information systems, project management, business con­tin­u-

i­­­ty and disaster recovery. 

In her new position as de­puty CEO, she is expected to work closely with Iton and provide support by assisting in the reg-

­ulation of the securities industry to ensure the stabi­li-

ty of the financial system, the protection of investors and the overall ma­nage­ment and performance of the commission, the TTSEC statement said. 

Lucillio is the holder of an undergraduate degree in computer science and management stu­dies (honours) and a Master in Business Administration in finance.

The board of commissioners, chaired by Prof Patrick Watson, also yesterday expressed gratitude to Justice Norton Jack, who held the position of acting CEO from December 2011 to September 2013.

The TTSEC is an autonomous agency established by an Act of Par­­-

liament (The Securities Industry Act, 1995) to regulate the securities market. That legislation was repealed and replaced by the Securities Act 2012, which was proclaimed on December 31, 2012. 

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