The Tribune

After a three year absence, Hillary Deveaux has returned to the Securities Comnmission as its interim executive director, replacing the recently-departed Dave Smith.

Mr Deveaux, who previously held the executive director’s post between December 2002 and August 2010, reassumed the post on an interim basis with effect from yesterday.

Many financial industry executives had touted Mr Deveaux as the likely successor to Mr Smith, given his availability following his return to the Bahamas after serving as capital markets development advisor to the International Monetary Fund’s Caribbean Regional Technical Assistance Centre (CARTAC).

In a statement, Securities Commission chair, Tonya Bastian Galanis, said: “Mr Deveaux brings extensive experience in the capital markets, broad and deep knowledge of the securities industry, international contacts and exposure, and a passion for the development of the securities and broader financial services sector in the Bahamas.”

Mr Deveaux’s career with the Securities Commission began on June 1, 1997, when he took the post of secretary.

He also served as general manager of the Bahamas Agricultural and Industrial Corporation (BAIC), and held various positions internationally, including money market manager at Chemical International Finance in New York, and project officer for the Caribbean Development Bank in Barbados.

He also served as the chairman of the Free Trade Area of the Americas (FTAA) negotiating group in services, and was a member of the Bahamas Trade Commission.