- Clarence Faulkner
Mr. Clarence M. Faulkner is the Founder and Managing Director of the PMI Group of Companies. He specialises in developing governance structures relating to investment and portfolio development, investment management, financial advisory services, private wealth, and social protection systems. Over the last 25 years, Mr. Faulkner has been involved in numerous projects aimed at addressing the concerns of both formal and informal sectors and highlighting the key components of an individual’s replacement rate. His drive to focus on the communities and people of the Caribbean region has been evident throughout his career. He has introduced the first multi-employer pension solution to the BVI in line with his drive to redefine the way governments, companies, and individuals view pensions. He assists both families and individuals retrieve assets from underperformed investment structures. Mr. Faulkner has been instrumental in restructuring and transitioning several private pension plans from a defined benefit to a defined contribution structure in multiple jurisdictions. Mr. Faulkner’s extensive expertise is also evident through his work as the former Chairman of the Board of Directors for the National Bank of the Virgin Islands, former Interim Chairman of the Board of the Virgin Islands Recovery and Development Agency, former Investment Manager of the BVI Social Security Board, former Director of the Caribbean Corporate Governance Institute, former Vice-Chairman of the International Social Security Association (ISSA) Technical Commission on Investments, and former Chairman of the Working Group of the CARICOM Regional Social Security Systems, to name a few. Mr. Faulkner holds an MBA (Hons) in Finance from Wright State University and a Bachelor of Commerce, dual majors in accounting and finance from St. Mary’s University.
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