Found at: http://www.anguillaguide.com/article/articleprint/3750/-1/140/
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Two Anguillians On ECHMB Board
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Two Anguillians were elected to the Board of Directors of a regional financial institution recently. Mr. Timothy Hodge, Director of Social Security, and Mr. Ralph Hodge, a Director of the National Bank of Anguilla, were elected to the Board of Directors of the Eastern Caribbean Home Mortgage Bank at its 11th Annual General Meeting held in Grenada on July 14th.
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Mr. Timothy Hodge
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Mr. Timothy Hodge was re-elected as a Director for a third consecutive term to represent Class B Shareholders, consisting of Social Security Boards and Government–owned Commercial Banks in the O.E.C.S., while Mr. Ralph Hodge was elected for the first time to represent Class C Shareholders, which include Commercial Banks in the O.E.C.S. Other shareholder classes include the Eastern Caribbean Central Bank (Class A), non-bank financial institutions, including credit unions, insurance companies and finance houses (Class D), and the Trinidad and Tobago Home Mortgage Bank (Class E).
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Mr. Ralph Hodge
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Sir Dwight Venner, Governor of the Eastern Caribbean Central Bank (E.C.C.B.) has served as the Chairman of the Board of Directors of the E.C.H.M.B. since its inception. According to Sir Dwight, the E.C.H.M.B. was the pioneer organization under the institution-building strategy of the E.C.C.B.’s Money and Capital Market Development Programme. It was created to fulfill some critical roles in the financial system: firstly, to purchase primary mortgages from financial institutions to recycle liquidity to the system; secondly, to facilitate the development of the capital markets by selling bonds; and thirdly, to improve both underwriting and building standards for the residential housing industry by establishing critical performance benchmarks. The E.C.H.M.B. completed its tenth anniversary of successful operations on April 22nd, 2006.