Gary Peart was unanimously elected to serve a second term as president of the Jamaica Securities Dealers Association (JSDA).

The CEO of Mayberry Investments said that the members of the JSDA will continue to play an important role in the development of the financial industry and work with the regulators to improve the regulatory framework that governs the sector.

Under the previous admistration discussions with regulators were focused on the proposed prudential reform for the securities industry and advocacy for regulations that will allow security dealers to diversify their asset holdings.

The lobby group also played a role in formulating tax reform recommendations to the government.

Also re-elected last week, were vice presidents Julian Mair, chief investment strategist, Jamaica Money Market Brokers and Mark Croskery, CEO of Stocks and Securities.

Steven Gooden, deputy CEO of NCB Capital Markets was re-elected as treasurer while Scotia Investments Jamaica CEO Lissant Mitchell was chosen as secretary.

In accepting his re-election to the Association's top leadership position, Peart expressed appreciation for the JSDA Executive Council's demonstration of confidence in his leadership. He noted that 2012 marks the tenty year of the JSDA's existence, a milestone that the association will be commemorating during the month of September.