Former Fanny Mae CEO to address St. Lucia Chamber luncheon

Egbert Perry

(PRESS RELEASE) — The grand finale to the upcoming Chamber Investment Symposium, “Alternative and Innovative Investment and Financing Options”, will be delivered by Mr. Egbert Perry, former chairman and CEO of Fannie Mae, on Wednesday, May 22, 2019 from 1:30 p.m. at the Harbor Club Hotel, Rodney Bay.

Fannie Mae is the Federal National Mortgage Association, sponsored by the US Government and founded in 1938 by Congress. It was established to stimulate the housing market by making more mortgages available to moderate to low-income borrowers.

The corporation has as its purpose of expanding the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities, allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market.

Mr. Perry is an Antiguan by birth and now heads the Atlanta-based firm, the Integral Group, executing one of the largest development projects in Atlanta currently.

Mr. Perry will be speaking on the subject of “Challenging Conventional Wisdom on Economic Development”, exploring his views on the importance of developing the economy using differential thinking but based on sound economic business principles and investment, financing instruments with nationals playing a leading role.

The Chamber invites the business community to join in an engaging and thought-provoking day, which will conclude with a powerful presentation by Mr. Perry.

If one is challenged to spend the entire day, one can join the Executive Luncheon presentation and be part of a riveting, informative and eye-opening presentation by Perry’s presentation.

Bank of Saint Lucia Investment Services, Invest St. Lucia and First Citizens Investment Services are co- sponsors of this event.

The Chamber encourages St. Lucians to take advantage of this informative presentation. To register please contact the Chamber Secretariat at 452-3165 or email us at info@stluciachamber.org.

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