Mayberry Investment Limited’s CEO, Gary Peart, was last Thursday unanimously elected as president of the Jamaica Securities Dealers Association (JSDA) at its annual general meeting at the offices of the Private Sector Organisation of Jamaica (PSOJ) in Kingston.

Peart takes over the post from immediate past president Anya Schnoor (executive vice president, Scotiabank Group and CEO of Scotia Investments), who he commended for “guiding the Association through the global economic crisis, the successful implementation of the Jamaica Debt Exchange Programme and leading the post IMF/Jamaica Agreement discussions with the regulators on proposed regulatory reforms and their potential impact relative to the securities industry”, according to a press statement issued yesterday.

“The members of the JSDA have played an important role in the development of the financial industry,” he said at the AGM. “We will continue to work with the Financial Services Commission (FSC) on the proposed prudential capital adequacy requirements as well to continue to lobby for development in the regulatory framework that will allow security dealers to diversify their asset holdings.”

Jamaica Money Market Brokers’ (JMMB’s) chief investment strategist, Julian Mair was elected first vice president (VP) while Stocks and Securities Ltd’s CEO Mark Croskery will take up the second VP post. NCB Capital Markets VP of investment and trading, Steven Gooden, was elected as treasury and Scotia Investments COO Lissant Mitchell was elected as secretary.

The JSDA, a lobby group fro securities dealers, came into existence on September 11, 2002 and currently consists of 22 members.