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UWI Actuarial Science Students Awarded IFoA Foundation Fullerton-Long Caribbean Scholarships

For Release Upon Receipt - January 5, 2022

St. Augustine


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ST. AUGUSTINE, Trinidad and Tobago. Wednesday, January 5, 2022. The Institute and Faculty of Actuaries (IFoA) Foundation Fullerton-Long Caribbean Scholarships for 2021 have been awarded to Dana Reyes and Tyrese Clement, both third year students of the Actuarial Sciences Program at the Department of Mathematics and Statistics, Faculty of Science and Technology, The University of the West Indies (The UWI) St. Augustine Campus.

Dana and Tyrese were selected from a list of The UWI’s most gifted and highest performing actuarial students and emerged winners of the scholarships, each worth $2,150.00USD

The Fullerton–Long Caribbean Scholarship was set up by Mr. Andrew Long and Mr. Norbert Fullerton. They are UK-based senior actuaries of Jamaican heritage, Ambassadors of the IFoA Foundation, and The UWI Alumni. The IFoA Foundation is the dedicated charitable arm of the Institute and Faculty of Actuaries (IFoA), working with the global actuarial community to meet its philanthropic objectives for positive societal impact. Earlier this year, the Foundation pursued an exciting opportunity to launch a fund supporting the most gifted and highest performing young actuaries who are studying in the Caribbean at The UWI.

Mr. Norbert Fullerton graduated with a BSc degree in Mathematics from The UWI, Mona Campus in 1993. He is currently a Partner at Lane Clark & Peacock (LCP), based in the UK.  He provides strategic investment advice to a range of pension funds, sovereign wealth funds and central banks across Europe, the Middle East, and Africa (EMEA). Mr. Andrew Long graduated with a BSc Degree in Mathematics and Computer Sciences from The UWI, Mona Campus in 1994. He is currently Managing Director at Wills Towers Watson, with expertise in pension risk management in the UK, the Channel Islands and the Caribbean.

Kartina Tahir Thomson, Chair of Trustees of the IFoA Foundation commented, “The IFoA Foundation is delighted to work alongside Norbert and Andrew on the IFoA Foundation Fullerton Long Scholarship Award. The scholarship award aims to support Caribbean students in their academic career. Not only would the students benefit financially, they would also benefit from the opportunity the award brings. Thanks to the scholarship award, we will have an even more diverse workforce and membership in the actuarial profession. The addition of other supporters’ contributions to the fund going forward will mean that we are able to offer this highly coveted scholarship to even more promising students from the region.”

Last year, the Fullerton-Long Scholarship was initiated for The UWI Mona Actuarial programme (2 awards of USD$2,150 each). However, this year they have partnered with the IFoA Foundation and secured extra funding to expand the programme to The UWI St. Augustine Campus. 

The new IFoA Foundation Fullerton-Long Caribbean Scholarship are applicable to:  

  • Caribbean Community (CARICOM) citizens
  • Students registered at The UWI Full time pursuing a BSc degree with a major in Mathematics or Actuarial Science
  • Pursuing Level II or III of their studies
  • Strong academic performance, with a minimum average GPA 3.3 in their previous year’s UWI exams
  • Strong leadership and teamwork skills (e.g. in sport, arts, music, church, etc)
  • Demonstrable involvement in their local community and have an outstanding character, and
  • Students who are committed to joining an actuarial professional body (not necessarily the IFoA, though this will be encouraged).

Mr. Stokeley Smart, Senior Lecturer and Coordinator of the BSc. in Actuarial Science, Department of Mathematics and Statistics, Faculty of Science and Technology, commented, “The IFoA Foundation Fullerton-Long Caribbean Scholarship and, in particular, Mr. Norbert Fullerton and Mr. Andrew Long, represent the very core of The UWI’s values. These sons of the region and UWI Alumni are exemplary global leaders in their field and are eager to give back to The UWI and contribute to the development of the region.”

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About the IFoA Foundation

The IFoA Foundation is a recently formed charity that is raising funds to support our community<https://www.actuaries.org.uk/about-us/ifoa-foundation/our-impact-and-how-donate> and to achieve our mission of 'Actuaries supporting others'. Our vision is to open every door for the next generation of actuaries and to empower the profession to be transformative in addressing the greatest challenges of our time.​ The IFoA Foundation offers scholarship funding across various global regions as well as education grants designed to support actuarial students who need financial help through their studies. It is with thanks to our generous partners and supporters that we are able to fund these projects and grants, and contributions can be made to the Foundation at bit.ly/IFoA_Donate You can find out more about the IFoA Foundation at https://www.actuaries.org.uk/about-us/ifoa-foundation.

 

About The UWI

The UWI has been and continues to be a pivotal force in every aspect of Caribbean development; residing at the centre of all efforts to improve the well-being of people across the region.

From a university college of London in Jamaica with 33 medical students in 1948, The UWI is today an internationally respected, global university with near 50,000 students and five campuses: Mona in Jamaica, St. Augustine in Trinidad and Tobago, Cave Hill in Barbados, Five Islands in Antigua and Barbuda and its Open Campus, and 10 global centres in partnership with universities in North America, Latin America, Asia, Africa and Europe.

The UWI offers over 800 certificate, diploma, undergraduate and postgraduate degree options in Culture, Creative and Performing Arts, Food and Agriculture, Engineering, Humanities and Education, Law, Medical Sciences, Science and Technology, Social Sciences, and Sport. As the Caribbean’s leading university, it possesses the largest pool of Caribbean intellect and expertise committed to confronting the critical issues of our region and wider world.

The UWI has been consistently ranked among the top universities globally by the most reputable ranking agency, Times Higher Education (THE). In the latest World University Rankings 2022, released in September 2021, The UWI moved up an impressive 94 places from last year. In the current global field of some 30,000 universities and elite research institutes, The UWI stands among the top 1.5%.

The UWI is the only Caribbean-based university to make the prestigious lists since its debut in the rankings in 2018. In addition to its leading position in the Caribbean, it is also in the top 20 for Latin America and the Caribbean and the top 100 global Golden Age universities (between 50 and 80 years old).  The UWI is also featured among the leading universities on THE’s Impact Rankings for its response to the world’s biggest concerns, outlined in the 17 United Nations Sustainable Development Goals (SDGs), including Good Health and Wellbeing; Gender Equality and Climate Action.

For more, visit www.uwi.edu.

(Please note that the proper name of the university is The University of the West Indies, inclusive of the “The”, hence The UWI.) 

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