The Bahamas Investor

...g and education to the Disciplinary Review Committee, which is responsible for enforcing the CFA Institute Code of Ethics and Standards of Professional Conduct for more than 250,000 members and candidates. Referencing the focus on trust and loyalty, president Andrew Strachan of CFA Society The Bahamas says: “Ethical Conduct must be the new normal in financial services. We invite members and, indeed, the sector at large to support this event.” The......

...Aliya Allen, chief executive officer and managing director of the Bahamas Financial Services Board (BFSB). “It also gives clients a very cost effective and flexible structure.” Nassau to Zurich With the legislation in place, it is now up to financial services providers to generate interest in the marketplace. International Protector Group (IPG)–a fiduciary services provider that offers the formation of BEEs as part of its estate planning portfoli......

...s to focus on reconstruction, economic and social renewal and renewed aspirations for regional leadership. “I shall assure that your stated interest in technical assistance and greater collaboration for deepened bilateral relations and mutual benefit in the areas of tourism and financial services will be conveyed to the appropriate authorities,” said Sir Arthur. Daouda Diabaté (right), Ambassador-Designate of the Republic Côte d’Ivoire, presents L......

Fourteen financial services related bills have now passed the upper and lower houses of Parliament. They now require assent by the Governor General. The list of the bills are set out below: Executive Entities Bill , 2011 Trustee (Amendment) Bill, 2011 Purpose Trusts (Amendment) Bill, 2011 (2 parts) Rule Against Perpetuities (Abolition) Bill, 2011 Companies (Winding Up Amendment) Bill, 2011 Segregated Accounts Companies (Amendment) Bill, 2011 Exem......

...d (BFSB). Since 1998, the board has been at the forefront of the country’s financial services sector, helping to create new legislation, revamp existing ones and promote The Bahamas as the ideal place for offshore investors to do business. “The strength and stature of the BFSB as a representative of the country’s financial services industry, both domestically and internationally, is in very large part due to Wendy’s relentless determination for th......

...banking community in The Bahamas, serving from time to time on the Bahamas Financial Services Board, the Bahamas branch of STEP, the Association of International Banks and Trust Companies in The Bahamas and the Financial Services Consultative Forum. She currently serves on the board of a number of financial institutions in The Bahamas, is a director of the Lyford Cay Foundation, a director and avid supporter of the Christian Counselling Centre and......

...dge. The successful format attracts investors, high-net-worth individuals, financial services providers and other intermediaries. The London event follows on from similar presentations in Brazil and Mexico earlier in the year. Speaking during the opening of the technical presentation, managing director and chief executive officer of the BFSB Aliya Allen said that The Bahamas offered a wide range of products and services to high-net-worth individua......

...was the first international financial institution to provide a trading platform for Bahamians and others living in The Bahamas,” said Cornaro. “Bahamians and others who use our Cornèrtrader platform can now trade on the New York and London stock exchanges in real time independently anywhere, any time.” Encouraged by the response to that Cornèrtrader product, Cornèr Bank said it moved “expeditiously” to fill the demand for increased investment serv......

...rowth opportunities available through international trade, the Ministry of Financial Services has been promoting a value added trade strategy which promotes The Bahamas as a crucial component in global value chains throughout North America, Latin America and the Caribbean. A value-added trade strategy is one that seeks to increase the value of a product at each stage of the production process occurring in different jurisdictions, utilizing both tr......

...hamas Electricity Corporation (BEC), to provide safe and secure electrical services for The Bahamas in a modernized and cost-effective manner. The new legislation also calls for the issuance of a rate reduction bond, which BPL intends to be utilized to refinance BEC’s existing legacy debt and to fund infrastructure and efficiency investments for BPL which would result in a net reduction to customer electricity bills. “It is an honor and a blessing......

...ment interface. These range from the adoption of a modern e-government platform for a number of government programmes and services, to reform programmes to make key government agencies more customer-friendly and their services more easily accessible. Equally so, we are focusing on how e-government can be used to improve the efficiency and effectiveness of the internal operations of the government, which also has implications for how effectively we......

..., formerly the Farm Road Constituency. Christie previously served as Prime Minister and Minister of Finance 2002-2007. The first ministerial appointments will be announced May 9, with the Cabinet fully assembled by May 11, the Prime Minister said. “My transition team headed by the former Attorney General Sean McWeeney, QC, is already hard at work and I propose to appoint Wendell Major CMG, later today, as the new Acting Cabinet Secretary,” he said......

...s Khaalis Rolle addresses Parliament March 6. (BIS Photo/Gena Gibbs) State Minister for Investments in the Office of the Prime Minister Khaalis Rolle said in the House of Assembly March 6 the nation faces challenges in attracting foreign direct investment (FDI) given the current global economic environment. He said the Bahamas government finds itself in a very peculiar set of circumstances brought on by a set of issues, some foreign and some domes......

...nd Bahama, there is still a lot of work to be done, said Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson on the first anniversary of the current Dr Hubert Minnis administration. Minister Thompson said: “We have made significant progress, however, there is a lot more work to be done. I believe that throughout this year, there has been a lot of progress on a number of fronts and in a number of areas, however, th......

...kages to other economic sectors that will provide greater economic returns for all.” Minister D’Aguilar said statistics show that 6.3 million foreign visitors travel to The Bahamas on an annual basis, 75 per cent of them by cruise and 25 per cent of them stopover visitors. The 75 per cent of cruise passengers, however, represent only 11 per cent “of the spend”. “So that tells me right off the top that all of these cruise passengers are coming to T......