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Sanovnik Destang, CPA, CA, CFA

Sanovnik Destang, CPA, CA, CFA

Senior Accountant

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location of Sanovnik Destang, CPA, CA, CFAGros Islet, Saint Lucia

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  • Timeline

  • About me

    Executive Director - Bay Gardens Resorts | Caribbean Hotelier of the Year 2022 | Global Top 20 Hospitality Executives to Watch in 2022

  • Education

    • Institute of Chartered Accountants of Ontario

      2012 - 2012
      Chartered Professional Accountant (CPA) Accounting

    • Chartered Accountant

      2004 - 2005
      CA Accounting, Finance, Tax, IT, Audit

    • Chartered Financial Analyst

      2005 - 2008
      CFA Finance, Investment Management, Derivatives, Accounting, Economics, Equities, Bonds

    • Cornell University

      2008 - 2009
      Certificate in Food Service Management Food and Beverage Management

    • Cornell University

      2008 - 2008
      Certificate in Hotel Revenue Management Revenue Management

    • Schulich School of Business - York University

      2000 - 2004
      BBA Accounting and Finance

      Activities and Societies: York Investment Club Winner of the 2004 Alan and Esther Hockin Award for achieving the highest academic standing in the faculty. Dean's Honour List (2001, 2002, 2003, 2004).

    • Chartered Professional Accountants of Canada (CPA Canada)

      -
      CPA, CA Accounting

  • Experience

    • KPMG Canada

      Sept 2004 - May 2007
      Senior Accountant

      Responsible for planning and execution of audit and assurance engagements for publicly listed and privately held organizations primarily in the real estate and construction industry. Also got exposure to companies in financial services, manufacturing, not for profit, government and technology.

    • KPMG Corporate Finance LLC

      May 2007 - Sept 2008
      Associate

      Transaction Advisory generalist responsible for the completion of due diligence, mergers and acquisitions advisory (buy side and sell side) and real estate valuation assignments.

    • Bay Gardens Resorts

      Oct 2008 - now
      Executive Director

      Shareholder and member of company board of directors responsible for smooth operation of hotels. Reports directly to Managing Director and Owner. Duties include but not limited to: - Cash flow management - Operations improvement and identifying and correcting cost inefficiencies - Strategic financial planning and financial management - Strategic marketing (including spearheading emarketing and social media marketing strategy) - Business Development - Strategic Human Resource Development and Planning - Financial and Operations Analysis for Board of Directors - Direct supervision of Marketing, Revenue Management, Reservations, HR, Vacation Ownership, Accounting and IT departments - General management and monitoring of all aspects of hotel operations (rooms division, food and beverage, reservations department, maintenance, security etc) Show less

    • Saint Lucia Hotel and Tourism Association (SLHTA)

      Mar 2011 - Apr 2021

      On October 1, 2013, the Saint Lucia Hotel and Tourism Association launched its Tourism Enhancement Fund, an exciting new private sector initiative.The Tourism Enhancement Fund has been created to allow the SLHTA to play an integral part in the sustainable development of our destination. Through the Tourism Enhancement Fund, the SLHTA will be able to direct development efforts where they are most needed.By collecting a small voluntary fee from our visitors, the SLHTA will be able to implement and finance projects specific to ensuring that our island is enjoyable for visitors and residents alike.Served as First Chairman of TEF Board of Trustees from January 2014 - January 2016 Show less

      • Immediate Past President

        Jul 2018 - Apr 2021

      • Member of Board of Trustees

        Jan 2014 - Apr 2021

      • President

        Feb 2016 - Jul 2018

      • 1st Vice President

        May 2015 - Feb 2016

      • Director

        Mar 2011 - May 2015

    • Caribbean Hotel and Tourism Association

      Mar 2012 - now
      1st Vice President & Member of Board of Directors

      1st Vice President November 2022 - Present Chairman of Technology Task Force January 2022 - Present2nd Vice President October 2021 - November 20223rd Vice President - October 2020 - October 2021Regional Vice President - 2014 - 2016Director from March 2012 - Present

    • St. Lucia Development Bank

      Jul 2012 - Dec 2016
      Director

      Representative for Private Sector. Chairman of Finance and Investment Committee.

    • Youth Enterprise Equity Fund

      Oct 2012 - Dec 2016
      Deputy Chairman

      Deputy Chairman at Youth Enterprise Equity Fund

    • Saint Lucia Tourism Authority

      Jun 2013 - Jul 2018

      • Director

        Apr 2016 - Jul 2018

      • Member of Marketing Committee

        Jun 2013 - Apr 2016

    • National Insurance Corporation, St Lucia

      Nov 2015 - Sept 2016
      Member of Investment Committee

    • National Skills Development Center (NSDC)

      Jun 2017 - May 2019
      Director

      Member of Board of Director and Chair of Finance Committee.

    • Fort Young Hotel

      May 2019 - now

      Member of Board of Directors.

      • Board Member

        Dec 2018 - now

      • Director Board Of Directors

        May 2019 - now

  • Licenses & Certifications

    • Google Adwords Certification - Reporting and Analysis

      Google
      Nov 2010

    • Chartered Financial Analyst (CFA)

      CFA Institute
      Dec 2008

    • Professional Financial Planning Course

      Canadian Securities Institute
      Jul 2003

    • Derivatives Fundamentals Course

      Canadian Securities Institute
      Apr 2002

    • Canadian Securities Course (with honours)

      Canadian Securities Institute
      Jan 2002

    • Chartered Financial Analyst (CFA)

      CFA Institute
      View certificate certificate

    • An Introduction to Operations Management

      Coursera
      Dec 2014
      View certificate certificate

    • Chartered Professional Accountant (CPA)

      CPA Ontario
      Nov 2012

    • Chartered Accountant (CA)

      Chartered Professional Accountants of Canada (CPA Canada)
      Sept 2007

    • Developing Innovative Ideas for New Companies: The First Step in Entrepreneurship

      Coursera Verified Certificates
      Nov 2014
      View certificate certificate

  • Honors & Awards

    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Global Top 20 Hospitality Executives to Watch in 2022 International Hospitality Institute Jan 2022
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Caribbean Hotelier of the Year 2022 Caribjournal - Caribbean Travel Awards Dec 2021 Caribbean Hotelier of the Year: Sanovnik Destang, Executive Director, Bay Gardens Resorts, Saint Lucia A true industry leader, Saint Lucia’s Sanovnik Destang has cultivated an impressive portfolio of resort and villa properties in Saint Lucia under the Bay Gardens brand. A regional advocate for the industry, Destang is at the forefront of Caribbean tourism, continuing to grow Bay Gardens, incessantly innovating (including the development of a game-changing all-inclusive dine-around program)… Show more Caribbean Hotelier of the Year: Sanovnik Destang, Executive Director, Bay Gardens Resorts, Saint Lucia A true industry leader, Saint Lucia’s Sanovnik Destang has cultivated an impressive portfolio of resort and villa properties in Saint Lucia under the Bay Gardens brand. A regional advocate for the industry, Destang is at the forefront of Caribbean tourism, continuing to grow Bay Gardens, incessantly innovating (including the development of a game-changing all-inclusive dine-around program) and demonstrating the power of hospitality to impact every level of a destination.https://www.caribjournal.com/2021/12/14/the-caribbean-travel-awards-2022/7/ Show less
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Lilet Medal of Honour (Gold 🥇) Gros Islet Constituency August 1, 2018 For contributions in the Field of Business.
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Award for Marketing Excellence 2013, 2015, 2016 & 2017 St. Lucia Chamber of Commerce Jan 2016 Spearheaded an efficient, focused digital marketing strategy for Bay Gardens Resorts which led to double digit growth in operating profits and improved brand awareness of the Bay Gardens properties. The Award for Marketing reflects excellence in an aspect of the marketing process that can be identified and defined. The success must be measurable, proving that the marketing initiative was indeed an excellent one.
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Business of the Year Award 2014 & 2015 St. Lucia Chamber of Commerce Jan 2015 The award for Business of the Year recognizes the entity (corporation, organization) that has achieved excellence in all key areas of business operations.
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Finalist for Corporate Leadership Award 2014 & 2015 St. Lucia Chamber of Commerce Jan 2015 The award for corporate leadership will recognize an individual currently leading a corporation successfully and who achieves excellence in all key areas of the corporation.
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      CHRIS Rising Star Award 2014 International Society of Hospitality Consultants (ISHC) Mar 2014 Winner of the 2014 Caribbean Hotel & Resort Investment Summit (CHRIS) Rising Star Award. The Rising Star Award was created to celebrate the excellence of young emerging leaders in the hospitality industry and to reward an outstanding individual each year with the Rising Star Award. http://burba.com/2014-caribbean-rising-star-award-presented-chris/
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Finalist for 2012 CHRIS Rising Star Award International Society of Hospitality Consultants (ISHC) May 2012 One of four finalists for the Caribbean Hotel & Resort Investment Summit (CHRIS) Rising Star Award. The Rising Star Award was created to celebrate the excellence of young emerging leaders in the hospitality industry and to reward an outstanding individual each year with the Rising Star Award.
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      Alan and Esther Hockin Award Schulich School of Business, York University May 2004 Awarded to the BBA student achieving the highest academic standing upon graduation from the Schulich School of Business at York University. Graduated with a GPA of 8.58 (out of 9.0).
    • Awarded to Sanovnik Destang, CPA, CA, CFA
      St. Lucia Island Scholarship (1999) Government of St. Lucia Sep 1999 Full scholarship to pursue tertiary education, granted by the Government of St. Lucia to the two (2) top performers at the University of Cambridge Advanced Level (A' Level) Examinations every year.