The Barbados-based Caribbean Development Bank (CDB) Friday paid tribute to its former first vice president, Marius Alexis St. Rose, describing him as “a towering figure in Caribbean development, an uncompromising regionalist, and a pivotal architect of the Bank’s operational and strategic foundation”.
He died earlier this month in his homeland, St. Lucia.
St. Rose joined CDB in 1975 as an economist and the region’s premier financial institution said that “his keen judgement and strategic vision quickly propelled him through successive leadership roles”.
It said that during these two and a half decades of service, the St Lucian reshaped the CDB’s operational structure into the framework that currently underpins its work.
“Under his stewardship, CDB became the first regional institution to achieve a triple-A credit rating, developed its first Strategic Plan, and transformed the staff pension scheme into a sustainable, region-wide facility that ensures security and dignity in retirement.
“He championed strong institutions across the Caribbean, playing a decisive role in the establishment and strengthening of national development banks, particularly in the OECS. On the international stage, he was a formidable advocate for the region mobilising extensive resources to advance Caribbean priorities.”
The CDB said that the St Lucian was “was deeply respected for his decisive yet compassionate leadership style,” bringing “vision and discipline in equal measure, challenging teams to innovate, trusting them to deliver, and providing space for professional growth.
“Mr. St. Rose embodied excellence in every aspect of his service to the Bank and the region. His vision, respect for others, and uncompromising commitment to strong institutions set a standard that continues to guide us today.
“We, who now have the privilege of serving, are building on the solid foundation he and his peers established. His example is a powerful reminder that excellence and respect are not just values, but the cornerstones of lasting impact,” said CDB President, Daniel Best.
The CDB said that he will be remembered not only as an exemplary builder of the financial institution “but as one of the region’s most dedicated champions and a man whose vision and impact will inspire generations to come”. (CMC)
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