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September 16th, 2015

UTC Salutes SEA Scholars


September 7th, 2015

Tobago Heritage Festival 2015

Preserving tradition, UTC supports Tobago Heritage Festival

September 1st 2015: The Unit Trust Corporation partnered with the Tobago Heritage Festival by supporting the Canaan/Bon Accord Village Council in its theatrical production, “It takes a Village to Raise a Child.”

The UTC made a tangible contribution of $50,000, highlighting its continued commitment towards community development and cultural enrichment. “Preserving our traditional ways is what gives us our identity as well as keeping a long standing history and culture alive and vibrant,” said UTC’s Executive Director, Ian Chinapoo, in his address as he endorsed this year’s theme “Community Treasures: Recognition.”
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August 26th, 2015

UTC Pays Tribute to Stalwarts

The Trinidad and Tobago Unit Trust Corporation hosted a “Legacy of Excellence” ceremony on Friday 21st August, to recognize the sterling contributions of five outstanding board members whose roles have contributed considerably to the success of the thirty- three (33) year old financial institution. The five honorees – former Chairman, Mr. Wendell Mottley, former board members Mrs. Michal Yvette Andrews, Mr. Terrence Bharath, Mr. Dennis Gurley and current board, Mr. Peter Clarke were lauded for their work and dedication to the Unit Trust. Mr. Krishna Boodhai, UTC’s Chairman, sincerely thanked the honourees for their unwavering support and key insight they provided to the UTC during their tenure on the board. Read More

The Trinidad and Tobago Unit Trust Corporation made a financial contribution of $100,000.00 to the Emancipation Support Committee in support of the Trans-Atlantic Trade and Investment Symposium recently held at the Hilton Trinidad. The symposium provided a forum for discussion on trade and focused on prospects for business engagement between Trinidad and Tobago and Africa.

Here, Ms. Natasha Davis, UTC Assistant Vice President, Marketing and Communications presents the cheque to Mr. Kaffra Kambon (right), chairman of the Emancipation Support Committee and Mr. Wale Ajibade, an international financial expert and panelist at the symposium.

Here, Ms. Natasha Davis, UTC Assistant Vice President, Marketing and Communications presents the cheque to Mr. Kaffra Kambon (right), chairman of the Emancipation Support Committee and Mr. Wale Ajibade, an international financial expert and panelist at the symposium.

Address delivered by

Mr. Ian Chinapoo – Executive Director

UTC’s SEA Scholarship Award Ceremony

July 31, 2015

  • Members of the Management Team of the Unit Trust Corporation
  • Dieonne Guischard, Youth Education Manger, Families In Action
  • Rynessa Cutting, Past SEA Scholar
  • UTC Scholars
  • Parents, grandparents and relatives
  • Members of the Media
  • Ladies and Gentlemen

I welcome to the 19thannual Unit Trust CorporationSEA Scholarship Awards.

I am sure that you feel an immense measure of pride at having gone through the rigour of the SEA examination, from the day you received your results and even now you would feel that sense of accomplishment and self-worth. For many of you it will be a moment that you’ll cherish for a lifetime.You will feel it even more when you put on that uniform, to your new school and why not? You would have earned it.This is an occasion to celebrate your success and we are happy to celebrate it with you. Read More

A diverse group of business and non- business students will have the opportunity to gain practical hands-on experience during the two-month internship program at the Trinidad and Tobago Unit Trust Corporation.

The twenty-eight (28) secondary and tertiary students were officially welcomed by Mr. Nigel Edwards, Vice President, Finance and Mrs. Judith Sobion, Vice President, Corporate Support Services during the orientation ceremony on Monday 6th July at the Financial Centre. Emphasizing the benefit of program to the eager interns, Mr. Edwards said “ The UTC internship will allow you to complement and hone your current studies by applying what they are learning in our classrooms in the workplace environment,” Read More

As part of World Environment Day (WED) initiatives, staff of the Unit Trust Corporation (UTC) in collaboration with Papa Bois Environmental Group, came together to clean up the beautiful Yaara Beach on the North West Coast, Trinidad and Tobago. In order to make the clean-up more environment friendly, staff reduced the use of plastics and all traveled by maxi to the beach. Read More

At some point in our lives, we ponder the question, “What would you do if you were given a large sum of money?”Many people would feel burdened and intimidated with the responsibility of managing any kind of excess money.

Receiving a lump sum payout can be very exciting because for many individuals it’s rare to have the opportunity to spend or invest a large amount of money at one time. But figuring out what to do with a lump sum payout also can be very stressful, especially if you aren’t comfortable making financial decisions.

Many experts recommend that you should take several months or even a year to decide how you’ll use the money, especially if the payout is tied to an emotional event, such as a death of a family member or a separation from your job. Read More

April 24th, 2015

Financial Sector Changes

In an effort to further protect financial institutions, Know Your Customer (KYC) requirements remains a key feature.KYCis the process regulated markets identify clients and ascertain pertinent information before engaging in business with them. This is required for financial institutions and other companies to conform to due diligence and financial regulatory legislation. While the specific details of KYC requirements may differ between jurisdictions and regulatory regimes, organisations are required to understand their customers and clients including identifying the business, source of funds and wealth, purpose of specific transactions, expected nature and level of transactions and countries from which the customers/clients originate. The purpose of KYC guidelines is to assist financial institutions from being used by criminal elements for money laundering activities. Read More