The Bahamas Investor

...s. The investment funds industry has been one of the areas of the Bahamas’ financial services sector which has been experiencing growth in recent years, with the number of licensed or registered investment funds showing an average annual increase of 10.8 per cent over the years 2013 to 2015, with 885 licensed or registered funds at 31 December 2015. Further, the number of licensed/exempted investment fund administrators operating in or from The Ba......

...ahamas Financial Services Board (BFSB) to promote the jurisdiction and its financial services offerings. Broadly, the format involves a technical briefing where industry stakeholders make presentations in their particular areas of expertise, followed by a cocktail reception. At the London event, the junkanoo troupe wasa vibrant finale to the evening, offering a taste of the colourful local culture. The BFSB first added this type of event to its in......

...P.O. Box N-1764 | Montague Sterling Centre, East Bay St | Nassau, NP, The Bahamas Tel: (242) 393-7001 | Fax: (242) 393-7712 Web: www.bfsb-bahamas.com E-mail: info@bfsb-bahamas.com......

...-day strategic planning and idea sharing conference helps to chart the way forward for the financial services sector, the country’s second largest industry. Now in its ninth year, the International Business and Finance Summit is the Bahamas Financial Services Board’s (BFSB’s) marquee event attracting global financial services leaders as presenters. Among the topics discussed were opportunities and challenges facing the industry. According to Minis......

...takes place December 13 at the Grand Hyatt Baha Mar under the theme ‘Transforming Financial Markets With Fintech’. Topics on the agenda include corporate financing, crypto assets, cyber security, fintech regulations and fintech onboarding standards. The BFSB recently joined with Aliv for a three-year partnership that will facilitate the organisation in leveraging technology to grow the financial services sector. This upcoming seminar is the lates......

...le Rutherford-Ferguson, Fidelity Bank (Bahamas) Ltd; C James Schaefer, Old Fort Financial; Michele Thompson, Ernst & Young; Fabrizio Tuletta, BSI Overseas (Bahamas) Ltd; and April Turner, McKinney, Bancroft & Hughes. Elected as representatives of their respective Professional Industry Associations were: Ivan Hooper, Association of International Banks & Trust Companies in The Bahamas; Shasta Treco-Moxey, Bahamas Association of Compliance Officers;......

...applicable to jurisdictions with a direct taxation regime. The Ministry of Financial Services (project lead) in conjunction with the Ministry of Finance, The Attorney General’s Office, The Bahamas Financial Services Board (BFSB) and other private sector stakeholders has developed an implementation framework and action plan, to ensure that The Bahamas meets its 2018 commitment. The Implementation framework and action plan is comprised of measurable......

The Bahamas Financial Services Board (BFSB) and the Ministry of Financial Services have announced that they have partnered with the Ministry of Education and language leader Rosetta Stone Inc (NYSE:RST) to introduce a world language programme within public junior and senior high schools throughout The Bahamas. The programme builds upon existing training through which Rosetta Stone has already helped more than 300 members of the BFSB improve langu......

...arted bank’s top executives explored current trends and future projections for the financial services industry. Minister Halkitis told the group that the government was cognizant of the need for the financial services industry to be client focused. “We remain committed to continuing the culture of robust compliance, more targeted marketing of products and more aggressive promotion of the jurisdiction’s stability and our strengths as a reputable, s......

...right, Prince Rahming, BFSB Chairman; Hon. C.V. Hope Strachan, Minister of Financial Services; Betty Roberts, Recipient; Aliya Allen, BFSB CEO. (Photo courtesy BFSB) Executive of the Year Presentation: Left to Right, Prince Rahming, BFSB Chairman; Hon. C.V. Hope Strachan, Minister of Financial Services; Denise Turnquest (Recipient); Aliya Allen, BFSB CEO. (Photo courtesy BFSB) Mentor of the Year Presentation – Left to Right: Prince Rahming, BFSB C......

...that an independent Blue Ribbon Panel has named April Nicole Turner as the Financial Services Industry’s Executive of the Year April Nicole Turner. A partner of the law firm of McKinney, Bancroft & Hughes , April Turner also serves as chief operating officer at affiliate MB&H Corporate Services Ltd–a licensee under the Financial and Corporate Service Providers Act. In submitting the nomination, her colleagues say that Turner has demonstrated a kee......

...rly BASD), in addition to serving as director and secretary of the Bahamas Financial Services Board (BFSB) . “We are delighted that Brian is joining the Deltec team. He is a rising star who has made significant contributions to the fund administration business and broader Bahamian financial services sector,” says David Muñoz, chief executive officer, Deltec International Group. “Over our more than 60-year history, Deltec has built a reputation for......

...r investors, representing investors in defaults, and providing value-added services for complex debt structures. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries......

...A better regulatory environment for local firms means a better environment for foreign investors as the two groups often run into the same obstacles. And a poor score on the World Bank rankings can translate into reputational damage, given the highly competitive environment within the Caribbean region where many island nations are directly competing for FDI. Addressing the Business Opportunities in the Caribbean conference in May 2018, Minister of......

...t frameworks and increased patrolling in sensitive areas to preserve these services and food sources for generations to come. Ladies and Gentlemen: Tourism will continue to be a leading engine for development within our region. As such, we must ensure the greater retention of more tourism earnings within our region, and the greater dispersion of wealth within our economies. Travel and tourism continue to evolve at a pace that requires us to consta......