London Daily

Focus on the big picture.
Thursday, Oct 02, 2025

Mrs Jennifer Potter-Questelles tipped to replace Dr Mathavious @ FSC

Mrs Jennifer Potter-Questelles tipped to replace Dr Mathavious @ FSC

Word reaching our news centre from highly placed sources on the BVI Financial Services Commission (FSC) Board of Directors, is that the Deputy Managing Director of Corporate Services, Mrs Jennifer Potter-Questelles, was recommended by the Board to replace retiring FSC pioneer Dr Robert A. Mathavious.

Following the announcement in June of this year that Dr Mathavious, the first Managing Director and Chief Executive Officer of FSC, was retiring the post was advertised.

Interviews were held and our sources confirmed that Mrs Potter-Questelles was the one selected by the Board. It is unclear what method was used in her selection.


From left: Attorney at Law Lisa Penn-Lettsome, a former Deputy Director of FSC and now Executive Director of International Business; Kenneth Baker, who is the Deputy Managing Director, Regulation and the Director of the Banking, Insolvency and Fiduciary Services Division; and Ayana I. Glasgow, a former Deputy Director Banking and Fiduciary Services at FSC, all reportedly applied for the position of Managing Director and CEO of FSC.


Is she qualified?


She joined the Financial Services Department in 2001 from the private sector. In addition, Mrs Potter-Questelles was appointed Deputy Managing Director of Corporate Services in April 2005.

According to her professional qualifications listed on the FSC website, she holds a Masters of Law, , Masters of Business Administration (Finance), and a Bachelors of Science (Information Systems), .

Mrs Potter-Questelles came to public attention when in 2016 she was appointed Chairwoman of the BVI Ports Authority (BVIPA) Board of Directors under the National Democratic Party (NDP) regime.

She was there at a time (some of it inherited) when the BVIPA faced many financial management scandals, and the ousting of its Managing Director Claude O. Skelton-Cline. Mrs Potter-Questelles, at the time in 2016, replaced J. Edward de Castro as Board Chair.


Dr Robert A. Mathavious, the first Managing Director and Chief Executive Officer of BVI Financial Services Commission (FSC) announced his retirement in June of this year.


Financial scandal over project


Months after she took up her Chairwoman's post, the scandals surrounding the BVIPA over its multi-million dollars Cruise Pier Development Project had intensified. Two reports, one from the Auditor General Mrs Sonia M. Webster and the other by the House of Assembly’s Public Accounts Committee, chaired by the now late Leader of the Opposition Hon Ralph T. O’Neal OBE, had put the project into question.

The two reports on the Ports Development Project unearthed corruption, conflict of interest, disregard for the laws of the Virgin Islands, unfair practices, undue influence in favour of one developer, disregard for the established tendering process and that no one was looking out for the interest of the people and taxpayers of the Virgin Islands, putting the people at a disadvantage.

How was her tenure at the Ports?


During the scandal, a former Project Manager, Mr Huge E. Darley, confirmed the two reports and even told our newsroom at the time that he felt sorry for taxpayers when he heard the cost of the project, which the public was told would cost $45 million; however, then Communications and Works Minister Mark H. Vanterpool (R4) told the Parliament the price tag was a whopping $82.9 million. The project ended up with a $50M overrun.

One of Mrs Potter-Questelles’ first duties at the time as the new Chairwoman was to recruit a new Managing Director, after the NDP failed to renew Skelton-Cline's contract following, according to him, a promise made following the NDP victory at the polls in 2015.

Serious competition


It is our newsroom's understanding that Mrs Potter-Questelles beat out some heavyweights who had also applied for the top post at FSC, including Kenneth Baker, Deputy Managing Director, Regulation; Attorney at Law Lisa Penn-Lettsome, a former Deputy Director of FSC and now Executive Director of International Business; and Ayana I. Glasgow, a former Deputy Director of Banking and Fiduciary Services at FSC.

The former Mrs Glasgow-Liburd is now Executive Director/Resident Manager of Aleman, Cordero, Galindo & Lee Trust (BVI) Limited.

Meanwhile, our newsroom attempted to solicit comments from Chairman of the FSC, Mr Robin F. Gaul; however, we were told Mr Gaul does not give out his phone number to the media.

In December 2001, the Virgin Islands Party Government passed the Financial Services Commission Act, 2001, which established the British Virgin Islands Financial Services Commission as an autonomous regulatory authority responsible for the regulation, supervision, and inspection of all financial services in and from within the VI.

Newsletter

Related Articles

0:00
0:00
Close
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
Nvidia Pledges Up to $100 Billion Investment in OpenAI to Power Massive AI Data Center Build-Out
U.S. Signals ‘Large and Forceful’ Support for Argentina Amid Market Turmoil
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
Vietnam Faces Up to $25 Billion Export Loss as U.S. Tariffs Bite
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Indonesia Court Upholds Military Law Amid Concerns Over Expanded Civilian Role
Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
Trump and Musk Reunite Publicly for First Time Since Fallout at Kirk Memorial
Vietnam Closes 86 Million Untouched Bank Accounts Over Biometric ID Rules
×