The Bahamas Investor

...for The Bahamas in this field,” he continued. Cantor singled out Minister for Financial Services Ryan Pinder (left) for praise in particular, saying: “[He] has done an excellent job with regard to understanding the opportunities of being a tax compliant offshore financial centre and trying to position The Bahamas as a leader.” Cantor, along with partner at Cantor & Webb PA Arthur Dichter (left), addressed attendees at the Society of Trust and Est......

...ional investors doing business in The Bahamas, and to facilitate the non-Bahamian expertise needed to grow our financial services sector.” Parliamentary representatives in attendance included Ryan Pinder, Minister of Financial Services; Legal Affairs Minister of State, Damien Gomez; and Member of Parliament for Exuma Anthony Moss. tblair@dupuch.com......

...recognized will be recipients of the Financial Services Development & Promotion Award and the Minister’s Award, the latter selected by Ryan Pinder, Minister of Financial Services.......

...the term of the lease up to the present value of the lease payments). 2 Before adjusting for these effects, the recorded total net income and net income per share are $7.0 million and $0.05, respectively; Third quarter 2013 Adjusted EBITDA for our River Business segment increased $11.7 million as compared with the same period of 2012 as a result of normal crop year and rainfall and the increased activity from our Punta Alvear shipyard; On October......

...arter 2012 net loss includes a $0.7 million provision, or $0.03 per share, for unrealized foreign exchange rate gains on U.S. dollar-denominated debt of our Brazilian subsidiary in the Offshore Supply Business. Excluding the effect of this gain, the net loss for the first quarter of 2012 was $(13.8) million, or $(0.47) per share. Len Hoskinson, Ultrapetrol’s Chief Financial Officer, said, “We are experiencing stronger results from our offshore seg......

...ed at the beginning of the month the launch of its new digital finance platform. The platform provides users with a secure medium to convert cash to cryptocurrency and store multiple currencies. “Our digital financial solutions are the natural response to a world in which banks and financial institutions are becoming increasing mobile and digital,” says Brendan Holt Dunn, chief executive officer of Holt Financial. “And it comes with the personaliz......

...already identified potential reforms, or at least partially identified reforms. “In addition, I have also asked for a list of longer term ideas that will probably require deeper consideration. Nothing in this request is meant to slow the public sector reform efforts already underway.” DPM Turnquest said for the strength of the industry, a strong, modern, responsive regulatory environment is critical, and the nation’s regulators are certainly up t......

...sector’s expansion has had a positive impact on overall employment in the financial services sector. “The growth in activity in the securities and investment funds sectors has, to some extent, offset the adverse impact on employment in the financial services sector resulting from the downsizing of other financial institutions, due to the outsourcing of operational activities to entities in other jurisdictions,” the Minister said. Halkitis also co......

...xample, in the ways that we endeavour promote modernised delivery channels for services that do not impose the same product constraints as a physical banking network. It also comes across in simplified regulations to make it easier for all persons inside our borders to have access to legitimate banking services–whether they are employed or not; and whether they are Bahamians or not. Also, recognising that a focus, rightly, is to keep illicit activ......

...tion, and success, in once male-centric professions is on the rise and the financial services sector is no exception. “Women have made tremendous strides in this industry,” says Mary Rodland, a financial services provider, who entered the sector in 1976 as a trust officer with Cititrust (Bahamas) Ltd and now heads the fiduciary department at Ansbacher (Bahamas) Ltd. “Some 20 years ago the senior levels would have been entirely male dominated.” As......

...tor. Thompson highlights the strength and versatility of the archipelago’s financial services sector and adds that EY Bahamas is “on a fast track to growth.” Click here to read or browse the latest issue using Turn-Page/Ezine mode Subject of this issue’s Executive Focus section, Thompson shares her road to success, working her way up the ranks to become one of the most respected names in The Bahamas’ accountancy field. “Hopefully my example has pa......

...ty couldn’t be more apparent than in the public-private sector approach to financial services dialogue which is strikingly different in The Bahamas. Both parties are in lockstep, fostering industry innovation in not only the country’s core strength of private wealth management but in other sectors as well. It’s not that The Bahamas is trying to be all things to all people. Far from it. Rather, it continues to build and lever on its core strength o......

...from the corporate community and industry professionals at all levels. The Financial Services Bootcamp – now an annual event held the day before The Nassau Conference – has become the must-attend industry refresher for both long-time professionals and newcomers to the sector. This past year AIBT also continued its investment in the future professionals of the industry, by placing four additional University of The Bahamas students in six-week summe......

...In an effort to enhance the financial services sector, the government of The Bahamas announced today that it is developing a new framework aimed at strengthening industry regulations and protecting revenues to the Public Treasury. Read a full statement by Deputy Prime Minister and Minister of Finance Peter Turnquest here: Press-Statement......

...500 attendees per event, the China Offshore Summit provides a premium platform for information exchange, business development and much needed education for Chinese intermediaries in this burgeoning market. “We have made significant strides in Latin America, particularly in Brazil, over the past few years,” says BFSB chief executive officer and executive director Aliya Allen . “Persistent promotions by BFSB combined with independent efforts by man......