User:Safraroth

Rosendo Alvarez III cofounder of the Santo Domingo Securities Exchange,the first stock market created in the history of the Dominican Republic, joined the Grupo Gestor in 1987 and became the first Excutive Vice President and CEO in 1991. Under his stewardship the Santo Domingo Securities Exchange (BVSD) signed an agreement with the Bolsa Mexicana de Valores, the Mexican Stock Exchange. It joined the Central American Association of Securities Exchanges in 1992. It became Vice President of the Harmonization Committee of the Caribbean Capital Markets in 1993, funded by the IIC, investment arm of the Inter American Development Bank. The Harmonization Committee of the Caribbean Capital Markets was presided by Wain Iton, Executive Director of the Jamaican Stock Exchange. The Committee made possible the automation of the member stock exchanges and the inception of the Bahamas Stock Exchange, under the auspices of the Central Bank of the Bahamas and its Deputy Governor, at the time, Mr. Julian Francis.