Mr. Smart was selected for the leadership position following the F.C.B. Shareholders meeting .
It took place at Queen’s Hall, St Ann’s today.
In May at the institution’s Annual General Meeting four board members including Chairman Nyree Alfonso and directors Rishi Baddaloo, Shobee Jacelon and Marlene Juman were relieved of their positions.
Earlier this year controversy surfaced at the commercial bank over the purchase of thousands of shares by a former top ranking company official.
The official was fired from the bank on March 25 following an internal investigation.
The company said it had lost confidence in the official’s ability to carry out his duties.
Speaking with the media today, Mr. Smart said going forward the new board will treat with matters surrounding to the initial public offering.