Basseterre, St. Kitts and Nevis: The Prime Minister of St Kitts and Nevis, Terrance Drew, on December 13,2022, appointed Michael Martin as the new head of the Citizenship by Investment Unit (CIU) of the country. Martin carries considerable experience and has been one of the top service providers in the industry.
Martin, prior to his appointment in the Citizenship by Investment unit, has served in top managerial positions in renowned companies in the country, that includes National Caribbean Insurance Company, National Bank Trust Company, and Sagicor Life Inc.
Along with this, he has been the Director of the Insurance Association of the Caribbean, Honorary Secretary of the Brimstone Hill Fortress National Park Society Council of Management and a Director of First Federal Cooperative Credit Union.
On the educational front, Mr Martin has completed his graduate diploma from the International Compliance Association and Manchester Business School and a certificate in International Trust Management from the Society of Trust and Estate Practitioners. He also holds a certificate in Managing Financial Services from the University of the West Indies, which justifies his appointment as the head of the Citizenship by Investment Unit.
Following his appointment, Martin thanked PM Terrance Drew for investing his trust in his capabilities for such a position. He stated that “this is a very important assignment” and expressed his excitement about being assigned a new task.
As Martin stated, The CIU needs to undergo a situational analysis to determine the best method for making the unit perform to its maximum capabilities and achieve higher targets.
The CIU holds a remarkable significance for St Kitts and Nevis and the citizens to develop and achieve higher developmental goals. “We will have to rebrand and refocus the programme, define our strategic goals, and create some new investment options that would be aligned to those strategic goals “, stated Martin.
The newly appointed head of the CIU envisages a complete revolution in the industry. As Martin noted,” We will be looking at emerging markets and redefining our target client. There must be some exclusivity to it”.
