Salvin Nand, an accomplished lawyer from Lautoka, has been appointed as the chairperson of the South Pacific Stock Exchange Trustees Limited (SPXT). This trustee services entity operates within the South Pacific Stock Exchange (SPX) Group, which has been actively working to improve the governance and integrity of Fiji’s capital markets.
Mr. Nand’s extensive experience, exceeding 15 years in legal practice, corporate governance, and academia, plays a significant role in this new position. He has previously served as an independent director on the SPX Board, demonstrating his deep commitment to enhancing the financial landscape in Fiji. His areas of expertise include Intellectual Property Law, Competition Policy, and Securities Exchange Regulations, particularly concerning insider trading compliance.
In addition to his legal work, Mr. Nand has been a significant contributor to academia, with over a decade dedicated to teaching and research. He serves as the co-editor of the Asia-Pacific Journal of Education, Business, and Society and holds advanced degrees in law from reputable institutions in New Zealand and Australia.
The SPXT, established in 2021 and licensed by the Reserve Bank of Fiji, emphasizes the importance of effective trustee services related to capital market instruments, including shares and securities. Mr. Nand’s appointment reinforces SPXT’s initiative to strengthen its leadership and governance structures, which is vital for restoring investor confidence and fostering long-term market growth.
This development aligns with SPX’s ongoing efforts to enhance its operations and governance, similar to recent appointments in other financial institutions within Fiji that aim to inject experienced leadership into the sector. Such strategic moves reflect a proactive stance in building a resilient financial environment, essential for future economic transformations in the region.
Overall, Nand’s appointment symbolizes a hopeful future for the capital markets in Fiji, enhancing both governance practices and investor confidence, which are critical for the growth and development of the region’s financial ecosystem.
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