Home > UTC Media Centre > Media Release > UTC Welcomes Greater Oversight of the Financial Services Sector

November 8th, 2013

UTC Welcomes Greater Oversight of the Financial Services Sector

 

November 7, 2013: The Unit Trust Corporation (UTC), in operation for more than 30 years, is one of the largest financial services providers in Trinidad and Tobago. The UTC works closely and cooperatively with the Central Bank of Trinidad and Tobago. Both the Central Bank and the Ministry of Finance are represented on the UTC’s Board of Directors, in accordance with the Unit Trust Corporation of Trinidad and Tobago Act of 1981.

Ms. Wendy Ho Sing, Deputy Inspector Policy and Market Conduct, Financial Institutions Supervision at the Central Bank, said, “As the Central Bank’s representative on UTC’s board, I can affirm that the UTC supports the Governor’s efforts to ensure that all of Trinidad and Tobago’s financial institutions align with global best practice and continues to work cooperatively and transparently, with the Central Bank”.

UTC’s Chairman Mr. Wendell Mottley, went on to say, “The Corporation takes its mandate very seriously and this has allowed us to become one of the most highly regarded financial institutions in our nation.”The UTC applies international best practice in its management of all Unitholders funds.  While our management practices are world class, we welcome greater oversight of the financial sector.

For further information please contact:
Rory Rostant
Manager, Communications
Tel: 685-7975
Email: rrostant@ttutc.com