In October of 2023, NCB Capital Markets welcomed Angus Young as its new CEO, a career investment banker whose extensive experience and leadership skills made him the ideal candidate to lead the wealth and asset management arm of the financial group amid its transformation.

Upon his appointment, Young expressed enthusiasm to deliver on the company’s commitment to empower its clients to unlock their financial aspirations.

“Our aim is to foster the growth and diversification of our clients’ portfolios by leveraging our vertically integrated model. This model incorporates a wide range of services and solutions, which deliver an all-encompassing wealth management experience. We are embarking on an exciting journey to make this vision a reality,” he said.

Young has held numerous leadership roles regionally and within the organisation.

His journey with NCB began in 2014 when he assumed the role of CEO of NCB Merchant Bank (Trinidad and Tobago) Limited.
In 2018, he was appointed regional head of investment banking at NCB Capital Markets and maintained dual roles until his appointment as executive vice president – regional investment banking and new markets at NCB Capital Markets in July 2022.

Prior to joining the NCB Group, he held the position of managing director of BDO Financial Advisory Services Limited, which represented BDO’s corporate finance and transaction advisory interest in Trinidad & Tobago.

Before joining BDO, he served as vice president of business development at First Global (Trinidad & Tobago) Ltd where he was charged with the responsibility of corporate finance and capital market origination in T&T and Jamaica. Prior to FGTT, he spent four years at RBTT Merchant Bank Ltd in leadership roles including assistant vice president and regional manager of capital market origination where he covered the OECS territories and Guyana.

Young holds a Bachelor of Arts degree in Administrative & Commercial Studies (Financial & Economic Studies) from the University of Western Ontario and a post Graduate Diploma in Accounting from Wilfrid Laurier University, School of Business and Economics, Ontario.

Observer Online spoke with Young about his decorated career, background and other interests.

Q. You are a career banker who, based on your background, has had an interest in financial services from a very young age. What sparked your interest in the field?

A. In secondary school, I remember my brother asking my dad to buy him a pair of Adidas Franz Beckenbauer football boots. I can’t remember the cost but my dad bought it for him and my brother forgo his weekly allowance for the rest of the year. For some reason that stuck with me and it was many years later I realized that was actually my first lesson in Investment Banking. It was essentially a financing structure known as a Future Flow Securitization.

In university I was exposed to the CAPM (Capital Asset Pricing Model) theory and that was another light bulb moment.
After I graduated and was looking for a job, I recalled hearing that Investment Bankers made a lot of money and well that was the final signal. I had no idea what Investment Banking was but I wanted in.
Here we are today, two decades later.

Q. You have been working full time for more than 20 years in the financial services industry throughout the Caribbean region. Are the different markets more similar than they are different? What’s a notable similarity or difference?

A. Fortunately or unfortunately, my entire career has been based in the Caribbean region and working for and with indigenous institutions.

Jamaica and Trinidad & Tobago are the two major capital market hubs of the Caribbean. They are very similar in that they both require intimate knowledge of domestic nuances and cultures but very different at the same time largely based on the fact that one has significant government involvement and influence and the other is more market driven.

Q. You joined NCB Capital Markets at a critical time, as the wider company is changing its approach to wealth management. How will this change of strategy reflect on NCB Cap Markets? What will be different?

A. NCBJ’s new Wealth Management strategy will bring further scale to the distribution of NCBCM manufactured products. It is very possible that this scaling will be achieved by not necessarily taking market share from our competitors but by creating market share that didn’t even exist. It is to be the epitome of accretive value creation by mining the diamond in the back yard.

Q. I heard you are a reggae fan. Who are you mostly listening to right now?

A. Teneille Young – Wildflower; Jah Cure – Unconditional love ; Bob Marley – Forever loving Jah; Damian Marley – Welcome to Jamrock;

Q. What was your Plan B, if banking didn’t work out?

A. Never had a Plan B. Still don’t. I need to look into that. But if I did, I would be a professional cyclist competing in the Tour de France, or a Formula 1 driver. I also admire what DJ Khaled is doing.