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Chamber calls for independent TTSE chairman
By CAROL MATROO Tuesday, April 8 2014
Chief Executive Officer (CEO) of the Trinidad and Tobago Chamber of Commerce, Catherine Kumar, is calling for an independent chairman of the Trinidad and Tobago Stock Exchange (TTSE).
This follows calls for TTSE chairman Subhas Ramkhelawan, an Independent Senator, to step down from the post since his brokerage firm’s, Bourse Securities, role in a $14 million purchase of First Citizens Bank shares by the bank’s fired chief risk officer Phillip Rahaman is under question. Bourse conducted the transaction for Rahaman who is said to be a relative of the firm’s chairman Imtiaz Rahaman. The shares have since been sold for a $12 million profit.
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