A vacancy has emerged for the position of Chief Executive Officer at the Virgin Islands Deposit Insurance Corporation (VIDIC), following the resignation of former CEO.
Violet was appointed to the role in August of last year. Her appointment came several months after the official establishment of VIDIC in January of the same year. The Corporation was created to protect consumer deposits and to support the overall stability of the Territory’s financial system through responsible oversight and proactive intervention when necessary.
It remains unclear whether Violet’s resignation is linked to the controversy surrounding Bank of Asia BVI Limited and the pressures that may have stemmed from that situation.
According to a vacancy notice issued by the Government, the CEO serves as the principal executive officer of VIDIC. The role involves providing strategic leadership, overseeing daily operations, and managing the administration of the Corporation.
The notice emphasized that the CEO’s leadership is critical to the success of the deposit insurance scheme and to the broader goal of maintaining financial system stability through the effective supervision of insured financial institutions.