Friday 7 August, 2020

New Invest St Lucia CEO Talks Approach to Attracting Investors

Invest St. Lucia (formally the National Development Corporation) which is charged with the responsibility to stimulate, facilitate, and promote the development of business and investment activities in selected sectors of the St. Lucian economy has a new Chief Executive Officer.

Mr Gillray Cadet assumed the post last week but officially met the press today where he said his perspective on the job will be specific, strategic and somewhat creative with the way Invest St. Lucia goes after investors.

St. Lucia, he said, must try to differentiate itself in its efforts at stimulating, facilitating and promoting investment in the country.

Cadet brings a wealth of leadership, finance and investment experience to Invest St. Lucia, having worked across the globe during his career spanning almost two decades. 

He has significant experience in both emerging and developed markets, and has spent the last 11 years focusing on the emerging markets of the Middle East, Asia, the Caribbean and Latin America, where economic development is a priority.

A graduate of St. Mary’s College, Cadet left the island in 1990 in pursuit of academic and professional aspirations but has always maintained close ties to his home country. 

“My long-term goal,” he remarked, “has always been to one day utilize my experience to advance Saint Lucia’s development. I therefore embrace this opportunity as CEO of Invest Saint Lucia to make a meaningful contribution towards my country’s socio-economic development.” 

Cadet has held positions of Chief Investment Officer, Group Finance Director & Acting CFO and Managing Director, among others, at various entities in the USA, Europe and the Middle East. Some of these entities include PricewaterhouseCoopers, Aabar Investments PJS, Arabtec Holding PJSC and Deutsche Bank. 

 During his career as an investment professional, he has structured and executed on over US $10 billion of transactions as a Private Equity and Mergers & Acquisitions professional.  

 He believes in the promotion of the finance and HR functions as engines of change and leadership, and that investing and value creation lie in effective deal structuring and strategy implementation – values he plans to carry into this new role.

 Mr. Cadet holds a Bachelor of Science degree in Accounting (Magna Cum Laude) from Louisiana State University (USA) and a Master of Business Administration from the Kellogg School of Management at Northwestern University (USA). He is also a USA Certified Public Accountant. 

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