UTC Media Centre

Archive for March, 2012

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Newsday Section B Page 8

Fifth form students of Cowen Hamilton Secondary School emerged victorious in the 21st edition of the Trinidad and Tobago Unit Trust Corporation’s Schools’ Investment Game Competition, having amassed an investment portfolio valued at TT$140,271.08. This announcement was made recently during the award ceremony at UTC’s Financial Centre in Port-of-Spain.

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Newsday Business Day Magazine, Thursday 22nd March, 2012 Written By Business Reporter Darcel Choy

THE Unit Trust Corporation will celebrate its 30th anniversary this year and in that time, changes have been made. Last year, the corporation began restructuring at the corporate level which Executive Director Eutrice Carrington explained was part of a strategic plan themed “Strengthening for Competitive Sustainability”.

In an interview at her office on Independence Square, Port-of-Spain last week, Carrington said in November 2010, a strategic planning exercise was commissioned by the board of the Unit Trust Corporation with about 90 persons in the organisation involved in the exercise. Read More

Trinidad Express Business Magazine, Wednesday 21st March, 2012, written by Business Reporter Asha Javeed

BusExpress21312

The Unit Trust Corporation (UTC) is shedding some weight to improve its efficiency.

Four vice presidents: Ruben McSween-vice president of Customer Service Centre Network, Gary Pierre-vice president of Corporate Support Services, Emily Chee Wah-chief risk officer and Richard Shepherd-vice president of Electronic Services, were recently cut from the UTC’s top management.

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The UTC Financial Wellbeing Survey revealed that citizens of T&T are generally satisfied with their lives, comfortable living in T&T and optimistic about their financial futures. However, several key indicators suggest that citizens, as a whole, have not reached their optimal financial wellness. Perceptions about their current household (HH) finances are not as positive and many do not feel they are in control of their finances. Only about half are satisfied with the economy in T&T.

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CHAIRMAN’S SPEECH AT LAUNCH OF
FINANCIAL WELL BEING SURVEY
UTC CORPORATE OFFICE,  INDEPENDENCE SQUARE, PORT OF SPAIN
March  13, 2012

Executive Director, members of the executive management team and members of the media, good morning to you all.  It gives me great pleasure to be with you today to formally launch the findings of the Unit Trust Corporation’s  Financial Wellbeing Survey.

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OPENING REMARKS
BY
MS. EUTRICE CARRINGTON
EXECUTIVE DIRECTOR
AT
THE MEDIA LAUNCH OF
THE FINDINGS OF
THE UTC’S FINANCIAL WELL BEING SURVEY
TUESDAY, MARCH 13th, 2012
AT 10.00 A.M.

Thank you for your kind introduction.

Madam Chairman, other members of the Head Table, Fellow Executives, and Management of the UTC, representatives of the Print and Electronic Media gathered here with us this morning, Ladies and Gentlemen good morning and welcome.

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Whether you are a shareholder or merely thinking about investing in a company, a basic understanding of the fundamentals of a company’s financial position is essential. A balance sheet is the “gateway” to assessing a company’s financial strengths and weaknesses. While some people may have a natural aversion to numbers, understanding the balance sheet is not as difficult as it may appear.

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