The Government of St.Kitts and Nevis has made sweeping changes to the modernization of the Citizenship Investment Unit (CIU), following the enactment of the Citizenship by Investment Unit Act of 2024, the Government of St. Kitts and Nevis officially appoints a Board of Governors on 26 July 2024 with the task of ensuring the highest standards of professionalism in the management of the Unit and further enhancing of the Unit’s international cooperation and strict due diligence.
The statutory body signifies a new chapter in St. Kitts and Nevis’ 40-year CBI journey.
– CIU St.Kitts
CBI Board
The CBI Board consists of Chairperson and five members of the Board of Governors who will be responsible for overseeing the operations and governance of the newly formed Citizenship by Investment Unit (CIU). The CIU is a corporate body governed by a Board of Governors. The Unit will be a statutory body, reporting to the Prime Minister and National Assembly.
Board of Governors
The Board will be led by His Excellency Calvin St. Juste, who has been appointed Chairperson of the Board of Governors due to his outstanding international career. Members of the Board of Governors include
- Calvin St. Juste (Chairperson) – seasoned Wall Street executive, he brings a wealth of finance, cybersecurity, and client management expertise to this critical role.
- Dr. Louisa Lawrence – veteran economist, having contributed to the nation’s economic and financial development over the years
- Mr. Damille James – experienced in risk management, regulation and AML, has served for over two decades in the banking sector, including at the Eastern Caribbean Central Bank (ECCB).
- Ms. Kishma Maclean – experience in both marketing and finance, with a particular focus on AML, CFT and proliferation financing
- Mr. Carlton Pogson – expert in project management, organisation development and strategy to the raft of skills.
- Ms. Marsha Harris – brings her financial ability to the Board with her 20 years’ experience in the Finance Division at the St. Kitts Nevis Anguilla National Bank.
We are committed to serving with excellence and to demonstrating why St. Kitts and Nevis remains at the forefront of delivering premium Citizenship by Investment services to clients worldwide.
– Calvin St.Juste
Board Functions
The Board’s mandate extends beyond modernising the CIU. It is tasked with upholding the highest level of integrity and due diligence within the CIU. This includes commissioning an independent external audit of the Unit’s operations annually, a practice legislated to enhance good governance. The Board will also be responsible for developing the policies and procedures for the Unit for the executive team to execute, as well as monitoring the international CBI industry and providing general oversight of the operations and finances of the Unit.
Beyond working closely with the Unit’s executive team, the Board will be responsible for reviewing investment proposals that are submitted to ascertain that any proposed Citizenship by Investment (CBI) project is financially sound and beneficial to the nation.
The Board of Governors is also responsible for investigating any complaints about the Unit’s activities.
The Board of Governors’ appointment to oversee the Unit reflects a dedication to upholding the highest international standards of compliance, auditing, and due diligence. This restructuring of the Programme’s governance cements its leading position in the industry. Instilling confidence in investors by enshrining transparency in law, the Citizenship by Investment Unit Act of 2024 has fortified the Board’s role within the Unit.
