Business

Dan Theoc joins Mayberry as senior VP

BY BALFORD HENRY
Senior staff reporter
balfordh@jamaicaobserver.com

Sunday, January 21, 2018

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Dan Theoc, former general manager of the Jamaica Public Service (JPS) Company Limited's subsidiary, South Jamaica Power Company, has joined the staff of Mayberry Investments Limited (MIL).

Theoc, a Bahamian, has been named senior vice-president, Energy and Infrastructure, at MIL.

“I am excited to be working at Mayberry investments Ltd, at this time when the economy is doing so well and the investment opportunities are so great,” he told the Jamaica Observer.

“I have a mandate to help grow Mayberry's investment banking business with a particular emphasis on energy and infrastructure projects. My expertise in this specific area, gained from the 16 years I spent at JPS, will complement the team of experts at Mayberry, who are very strong in the investment banking space,” he added.

While at JPS, Theoc held various positions up to November 2017, including CFO, VP Finance, financial controller and financial consultant, with responsibility for financial reporting and planning, corporate financing and treasury management, tax and strategic planning, pension administration and oversight, corporate restructuring, regulatory and tariff submissions and procurement.

He also acted as general manager for the South Jamaica Power Company, leading that entity for approximately 18 months during a critical period to secure successfully US$235M in structured financing from a syndicated group of banks and bondholders.

This financing was secured to build a new 190 MW gas-fired power plant, and was one of the largest fundings ever raised locally.

Theoc also has 11 years work experience with International Audit Firm KPMG, up to 2001, where he specialised in assurance services, including financial audits, mergers and acquisitions, business plan development and various other accounting-related services.

“I am a highly motivated senior executive with extensive experience working with various corporate boards, ministers, government officials and regulators over the past decade,” he told Sunday Finance.

“I have a strong background in corporate finance and accounting, investment management, contract negotiation, regulatory economics and tariff design, business development and strategic planning. I pride myself in being a strategic thinker and problem solver with excellent negotiating skills,” he noted.

“I have also been very focused on the economic growth and development of Jamaica. I enjoy working with people from all around the world, as I have been used to, whether dealing with international financial institutions, foreign shareholders or foreign consultants,” he pointed out.

MIL was established in July 1985, by the late Maurice Berry, a former deputy governor of the Bank of Jamaica.

It is a full-service financial advisory firm specialising in asset management products and services for its corporate and individual clients. It a licensed securities dealer, a member of the Jamaica Stock Exchange, a primary dealer for the Bank of Jamaica and a licensed exchange bureau (cambio). Services include investment advisory, primary dealer and cambio services.

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