BVI News

Dr Robert Mathavious retiring as head of FSC after almost 20 years

Managing Director and CEO of the BVI Financial Services Commission (FSC) Dr Robert Mathavious will be stepping down from the post at the end of the year.

Chairman of the FSC’s board of commissioners, Robin Gaul gave that confirmation in a statement to BVI News on Wednesday, June 10.

He said: “Dr Robert A Mathavious, the Commission’s Managing Director and Chief Executive Officer, has informed the board that he has made the decision to retire from the Commission, effective December 31, 2020.”

“The Commission acknowledges Dr Mathavious’ dedicated service to the Commission for almost 20 years and for his continued unselfish service to his beloved British Virgin Islands Community,” Gaul added.

The FSC, in the meantime, has already begun the scouting process for Dr Mathavious’ successor. The deadline for interested and qualified persons to submit their applications is June 19.

As Managing Director and CEO, Dr Mathavious has responsibility for establishing and maintaining a regulatory regime that is fully compliant with universally-agreed international standards. 

He is also responsible for the administration and operation of the Commission, the regulation of the BVI’s financial services industry and liaising with government and private sector stakeholders in pursuit of these objectives.

In that vein, Dr Mathavious also holds membership on several boards within the financial services industry including the Financial Investigation Agency, the FATCA Negotiating Team for the Virgin Islands and the Tax Information Exchange Agreement Negotiation Team for the government of the Virgin Islands.

First and only MD/CEO of the FSC

Dr Mathavious has headed the FSC since his appointment in 2002, being the Commission’s first and only Managing Director and CEO since the creation of the statutory body in 2001, following the enactment of the Financial Services Act.

Known to the territory as one of the pioneers in the financial services industry with more than 35 years of service, Dr Mathavious has served in major roles such as the Deputy Financial Secretary (1980-1985), Financial Secretary (1985-1991) and Director of Financial Services (1993-2001).

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11 Comments

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  1. ann says:

    Finally bye bye

    Like 2
    Dislike 26
  2. Caribbean Girl says:

    Maybe that’s a sign of where FS might be heading. Thanks for your service and the best to him in his new endeavours.

    Like 15
    • @Caribbean Girl says:

      Which FS? Certainly not the current nor former. Nonetheless, best of luck Dr. Mathavious and thanks for your invaluable contribution.

      Like 10
      Dislike 1
  3. Sonia says:

    Thank you Robert for all you have done for your country.
    The residents of the BVI are the most ungrateful you can find anywhere.God bless you

    Like 10
    • For real! says:

      You are so right, but those comments come from only the jealous individuals and those who have no idea what his stellar contribution has been to his country. Put those ungrateful ones to the test and they will fail miserably.

      Best wishes, Mr. Mathavious, and congratulations for a job well done!!

      Like 12
  4. For real! says:

    You are so right, but those comments come from only the jealous individuals and those who have no idea what his stellar contribution has been to his country. Put those ungrateful ones to the test and they will fail miserably.

    Best wishes, Mr. Mathavious, and congratulations for a job well done!!

  5. hit the nail on the head says:

    Thank Mr. Mac for your contribution to the development of the industry in your capacity as well that while you were in the Ministry of Finance.

    You have stood on others shoulders and now others will stand on your shoulders and move the industry to the next level.

    Kudos Dr. Mac. for your contributions to the Territory and fulfilling your purpose in life.

    May God richly bless you and may you continue to acknowledge Him as in the final analysis, that will be the most important thing that matters!

  6. Well done says:

    Blessings my bro all the best ,you have done an excellent job , you will be miss but you have set the foundation , we the people government and country thank you for your excellent service as a public servant,I wishes you well you were an prime example of a true Virgin Islanders,

  7. E. Leonard says:

    Dr. Mac, thanks for your long years of exceptional service to the VI people and to the territory and for a challenging and demanding job well-done. You will leave some BIG shoes to fill. Best wishes to you and your family as you depart on a well-deserved retirement.

    Like 10
  8. dvs says:

    Always been an intelligent individual. Congratulations on your retirement and may the God Lord continue to Bless U.

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