Trinidad & Tobago

While overall economic growth was flat in 2019, the financial sector experienced 1.4% expansion, to which insurance was a strong contributor. From January to March 2019 finance and insurance activities grew by 1.7%, according to the Ministry of Finance. Together with real estate and business services, the sector added 400 new employees in 2019. Financial and insurance...

The Trinidad and Tobago Stock Exchange (TTSE) is the largest and among the most important stock markets in the Caribbean. However, it was out-performed by the Jamaica Stock Exchange (JSE), whose impressive headline growth since 2015 has led some in T&T to draw lessons from the smaller but more dynamic bourse. “We should look to the expansion in Jamaica’s capital markets as...

The use of sophisticated algorithms in wealth management is leading to improved efficiency and transparency in the financial services sector, benefitting both providers and clients. In particular, so-called robo-advisers are disrupting the industry and helping to boost financial inclusion. Primarily concentrated in developed markets such as the US and the UK, the technology is...

Even though it was established almost 40 years ago, the Trinidad and Tobago Stock Exchange (TTSE) has characteristics seen in younger, less developed stock markets. However, the TTSE is currently undergoing a transformation and the authorities are working to address several fundamental challenges, including illiquidity, subdued trading activity and a shortage of publicly...

Wealth management divisions have become an integral part of business models for the majority of commercial banks and non-bank financial institutions in Trinidad and Tobago. Initially created to cater to the needs of institutional investors – particularly those of employee benefit plans – wealth management services have now expanded to include high-networth individuals. T&T...