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Longtime finance director retiring – The Martha’s Vineyard Times

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Longtime finance director retiring – The Martha’s Vineyard Times

West Tisbury town accountant Bruce Stone will be retiring from his position at the beginning of next summer.

The West Tisbury select board unanimously accepted his retirement and expressed their appreciation for his service to the town during a meeting on Wednesday. 

“These twenty years have provided me with the most rewarding work of my professional career,” Stone wrote in his letter to the town. “I have been extremely fortunate to have served with select boards, town employees, committees and town citizens who have displayed respect and dignity as they performed their duties always with the best interests of West Tisbury and the Island-wide community in mind.” 

Stone said that he would be happy to help transition the next person to the position before he officially steps down on June 3, 2024. 

In other West Tisbury news, the board wanted more details on the benefits of a regional grant before giving its support. 

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According to a letter from Katy Acheson, economic development director of the Cape Cod Chamber of Commerce, the focal point for applying for the Regional Economic Development Organization (REDO) grant is to develop workforce growth. 

“Areas of attention include the need for access to quality early childhood education and care, reasonable existing and affordable diverse housing, and workforce training, especially as it applies to training existing workers and under or unemployed residents,” Acheson wrote. 

But West Tisbury select board members questioned how the grant would benefit the Vineyard, as opposed to the Cape and Plymouth areas. 

Town administrator Jennifer Rand said the town had sent a letter of support last year as well, but made a point that the program description doesn’t really show how it benefits West Tisbury. She said it seems to be more Cape based. 

“There doesn’t seem to be a way to articulate the direct benefit to West Tisbury,” Rand said. “I think it’s probably a very good program.”

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“The Islands haven’t even been mentioned in any of their titles or letters or in any place,” board member Skipper Manter said. 

Rand said usually the Island is lumped in for these grant programs, although this one does seem to be focused more on the Cape and Plymouth. “I also hope that they are doing their best to involve the Island where they can through the Island chamber of commerce or through the Island housing folks,” Rand said. 

Board chair Cynthia Mitchell agreed that more information was needed on how the grant program benefits Martha’s Vineyard. “I think we should support it, but I also think we should push a little bit to at least … get some updates as to what could be of benefit to us,” she said. 

Rand said it doesn’t seem West Tisbury has directly benefited from the program in the last year. She added it doesn’t seem unreasonable to ask for more information regarding the benefits to the Island. 

The board unanimously approved endorsing the grant application alongside sending a request for additional information. 

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Finance

Euroclear appoints Cornock as Senior Business Development Manager

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Euroclear appoints Cornock as Senior Business Development Manager

Stuart Cornock has joined Euroclear’s London office as a senior manager of the Financing and Collateral Business Development department.

In his new role, Cornock will provide sales and relationship management services for collateral-related solutions.

Having worked in London and Singapore, Cornock brings more than 20 years of experience in the securities finance industry, including stock loan trading, sales and relationship management, and regulatory reporting.

Cornock joins Euroclear from Pirum, where he served as director of origination for nearly a year.

Before that, he spent another year as director of market intelligence at S&P Global and more than four years as director at IHS Markit.

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He began his journey in finance as a new issues clerk at Clerstream in 2000, where he later became GSF product manager, followed by GSF sales, and finally sales and relationship manager.

Commenting on his new position at Euroclear, Cornock says: “I’m very much looking forward to working with existing and new clients as we grow the footprint of the suite of financing and collateral products.”

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Finance

Harriette Cole: I’m in finance, and I want to be an artist. At 36, am I too old?

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Harriette Cole: I’m in finance, and I want to be an artist. At 36, am I too old?

DEAR HARRIETTE: Is it wise to explore a new field of work at age 36?

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Finance

Greece’s business environment transformed, says Finance Deputy Min | eKathimerini.com

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Greece’s business environment transformed, says Finance Deputy Min | eKathimerini.com

[Intime News]

In the last five years “we have changed the business environment in Greece, we have recovered what we lost in the crisis, we have obtained investment grade and we have recorded high growth rates,” Deputy Minister of National Economy and Finance Nikos Papathanasis said on Thursday at the 28th Annual Economist Government Roundtable in Athens. 

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