Devena Reid Appointed Chief Financial Officer of the St. Kitts and Nevis Citizenship by Investment Unit.

Devena Reid’s Appointment as CFO of the St. Kitts and Nevis Citizenship by Investment Unit: A Milestone in a Distinguished Career

Devena Reid, a seasoned financial professional with a remarkable track record spanning over two decades, has been appointed as the Chief Financial Officer (CFO) of the St. Kitts and Nevis Citizenship by Investment Unit (CIU). This appointment marks a significant milestone in Reid’s illustrious career, which has been characterized by leadership roles in finance and business across various industries in St. Kitts and Nevis and the broader Caribbean region. Her extensive experience, combined with her proven ability to drive financial success and implement strategic initiatives, positions her perfectly to lead the CIU’s financial operations and contribute to the continued growth of the Citizenship by Investment Programme.

Reid’s career trajectory showcases a consistent upward progression, marked by increasing responsibilities and successful tenures in prominent organizations. Prior to joining the CIU, she served as the Chief Executive Officer of Carambola Beach Club and Opus Fine Wines and Spirits, where she spearheaded the organization’s strategic direction, implemented transformative changes, and closely monitored company performance. Her leadership at Carambola Beach Club extended beyond her CEO role, as she previously held the position of CFO for four years, managing financial activities, developing comprehensive reports, and optimizing internal controls.

Reid’s financial acumen was further honed during her 11-year tenure as CFO at Beaumont Park Limited, where she played a pivotal role in enhancing financial processes and managing audits. Her experience extends beyond the shores of St. Kitts and Nevis, encompassing international experience as a Strategic Business Unit Manager at Xerox in Jamaica. In this capacity, she oversaw payroll and tax services for Fortune 500 companies, gaining invaluable exposure to complex financial operations within a global context.

Her early career experiences laid the foundation for her future success. As Assistant Financial Controller and Group Internal Auditor at SuperClubs Hotels & Resorts, Reid focused on internal controls, audits, and financial reporting, developing a strong understanding of financial management principles and practices. These foundational roles provided her with a solid base upon which to build her career, culminating in her current appointment as CFO of the CIU.

Reid’s academic credentials complement her practical experience. She holds a Master of Science in Accounting from Florida International University and a Bachelor of Science in Accounting from Barry University, where she actively participated in Delta Sigma Pi, a professional business fraternity. These academic achievements demonstrate her commitment to continuous learning and professional development, further enhancing her ability to navigate complex financial landscapes.

As CFO of the CIU, Reid is expected to leverage her extensive experience to strengthen financial governance, ensure compliance, and contribute to the ongoing success of the Citizenship by Investment Programme, a vital driver of economic growth in St. Kitts and Nevis. Her appointment reflects the Federal Government’s commitment to excellence and innovation within the CIU, as it strives to maintain its position as a leader in the global citizenship by investment industry. Reid’s expertise in financial management, strategic planning, and operational excellence will be instrumental in achieving these objectives.

Reid’s appointment underscores the importance of strong financial leadership in managing the CIU and ensuring the continued success of the Citizenship by Investment Programme. Her experience in diverse industries, combined with her academic qualifications and proven track record, makes her well-equipped to navigate the complexities of the global citizenship by investment landscape. Her leadership is expected to further solidify St. Kitts and Nevis’s position as a premier destination for investors seeking citizenship opportunities. The government’s commitment to excellence and innovation is clearly reflected in this strategic appointment. Reid’s contributions are anticipated to be significant in driving economic growth and maintaining the integrity of the Citizenship by Investment Programme. Her leadership will play a crucial role in ensuring the long-term sustainability and success of this vital economic driver for St. Kitts and Nevis. Her appointment is a testament to her dedication, expertise, and the confidence placed in her by the Federal Government.