Reporter
matthew.chin@guardian.co.tt
When she was an eight-year-old girl, Rachel Welch-Phillips moved with her family to Caracas, where her father served for close to nine years as a civil servant at the T&T embassy.
As a student in an international school, she developed a strong sense of empathy and sensitivity to the cultures of her classmates who were from different parts of the world.
Looking back on her childhood, it was the most enriching experience of her life and the beginning of her path towards becoming an ESG (environmental, social, governance) specialist. Welch-Phillips defined the corporate term ESGs as a framework for capturing an organisation’s ability to ‘do what is right.’
She said, “As I grew up and viewed the world through the lens of my upbringing, I developed a growing passion to address social injustice in all its forms. It taught me empathy, which I believe to be the cornerstone of both sustainability and advocacy.
“Empathy is the ability to recognise, understand, and share in the feelings of another. Empathy then engenders compassion, collaboration, respect, and trust, along with a desire to take action in solidarity—all of which are required to achieve true sustainable transformation.”
In 1987, the Brundtland Commission described sustainable development as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” And this is something that Welch-Phillips takes seriously.
Welch-Phillips pursued her undergraduate and master’s degree in Environmental Policy, which she then equipped with a London law degree, which introduced her to the world of law firms. This proved to be a challenging road fraught with disappointments that almost made her reconsider her future career goal.
After graduating from law school, she needed to complete a two-year training contract with a law firm to qualify as a solicitor in England and Wales. This was to expose her to four areas of law for six months each before being allowed to formally register for the roll.
But submitting 21 applications for the training position proved futile.
“I received 19 rejections in quick succession—the 20th response was a wait-list notification, and then the 21st was radio silence. Panic set in as I realised I would need to rethink my plan for the next two years—if I wasn’t going to become a solicitor, what would I be?” Welch-Phillips said.
Following blow after blow to these attempts, she spent two weeks in “turmoil” calculating what her next move should be. However, during this time, and unbeknownst to her, the 21st law firm was considering her for the position. What came next impacted her life with incredible outcomes.
“The 21st law firm reached out and invited me for an interview—I ended up working there for six years, and it was the most valuable training and developmental experience of my career,” Welch-Phillips said.
“I don’t carry failures with me. They become valuable lessons and life experiences that shape who I am. My father always told me that if he wanted to motivate me to achieve something, he would suggest to me that I couldn’t do it. The first time this happened I was two and determined to learn to tie my shoelaces. He told me it was too hard, so I went to my room and worked on it until I marched back into the living room with tied shoes.”
Today, her ambitiousness is centred on the fruitful development of her family. She is a wife and the mother of five-year-old Maia Rose and three-year-old Levi. “Every decision I make is about leaving the world a better place for them. I live for their happiness, success and positive contribution to the world at large,” Welch-Phillips said.
As an ESG (environmental, social, governance) specialist, Rachel Welch-Phillips, who was appointed the Head of Legal and Compliance for the Banking Sector of the ANSA McAL Group in March, is in charge of the managing and operation of the legal function across ANSA Merchant Bank Limited, ANSA Merchant Bank Barbados Limited and ANSA Bank Limited.