Tuesday, September 27, 2022

Tristar appoints Joel Bhagwandin as Managing Director, says local content is key focus

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Tristar has appointed Joel Bhagwandin as its Managing Director. The company said Mr. Bhagwandin, who has held positions in banking and finance during his career in Guyana, is from the West Bank of Demerara which is the “fence line community” for Tristar’s West Demerara Shorebase Project.

“Joel is a well-known financial analyst with over fourteen years’ experience in commercial banking, the financial sector and private sector development combined,” the company said. “During this time, he has accumulated experience in providing financial and business advice to both large corporations and SMEs in addition to his managerial experience. Additionally, he has been actively engaged in providing the Guyanese public with insights and analyses on economic and financial issues.”

Tristar said Mr. Bhagwandin holds several leadership portfolios in the private sector. “He is a Non-Executive Director of the Guyana Oil & Gas Energy Chamber (GOGEC), and Chairman for the Local Content Sub-Committee of AmCham. He is the former Executive Director (a.g) of the Private Sector Commission, and a former Senior Manager, Strategy and Transactions at Ernst & Young (Guyana).”

The company said his academic qualifications include a master’s degree in business management with specialization in banking and finance from Edinburgh Napier University.

“Central to Mr. Bhagwandin’s role at Tristar will be the development of Tristar’s local content strategy. This includes Tristar’s commitment to use mainly Guyanese citizens and Guyanese contractors in the construction and operations of the West Demerara ShoreBase,” the company stated.

The Managing Director will also establish the local content reporting function which is a requirement of the Local Content Act. To this end, he will oversee the development of Tristar’s employment plan, capacity development plan and procurement plan. In addition, he will be responsible for ensuring that Tristar meets and surpasses the minimum local content requirements in the Local Content Act.

“Tristar is committed to meeting, and where possible surpassing, its statutory obligations under the Local Content Act,” the company said.

OilNOW reported this week that the company is in the process of acquiring an additional 300 acres of land in Versailles, West Bank Demerara for its shorebase project which it said lays the foundation for an oil and gas construction and logistics cluster on the West Bank Demerara.

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