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Bahamas represented at LatAm wealth forum

Latin Markets hosted family office delegates from Latin America and the Caribbean alongside the world's largest wealth managers and wealth advisers and money managers from around the world. Some 500 delegates - in total from over 30 countries - registered for the 2-day Private Wealth Latin America and The Caribbean Forum, to discuss high networth investment management and wealth protection strategies. 

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Bahamas Financial Services Board
Wednesday, October 30, 2013
Wednesday, October 30, 2013

LATAMLatin American Private Clients and their advisers are looking for a global suite of products and services to provide an offshore solutions for wealth protection, wealth planning and wealth growth.

Latin Markets hosted family office delegates from Latin America and the Caribbean alongside the world’s largest wealth managers and wealth advisers and money managers from around the world. Some 500 delegates – in total from over 30 countries – registered for the 2-day Private Wealth Latin America and The Caribbean Forum, to discuss high networth investment management and wealth protection strategies.

The Bahamas Financial Services Board, as a Forum Cosponsor, hosted a Bahamas Roundtable on the opening day.


Panelists included:

  • The Hon. L. Ryan Pinder, M.P., Minister of Financial Services
  • Timothy Colclough, Deputy Chairman, Bahamas Financial Services Board
  • Aliya Allen, CEO, Bahamas Financial Services Board

The Presentation focused on LatAm markets of particular interest and the trends that are being observed in respect to regional interaction with this jurisdiction; the concerns that LatAm corporates, individuals and families may have; and how The Bahamas is ready to serve these markets from a strategic positioning perspective (security, confidentiality, diversification, substance). SMART Funds were of particular interest during the presentation and throughout the networking sessions that followed. CEO Aliya Allen noted “SMART Funds have provided such a smart flexible solution that families want to administer their own funds. The unique features of Bahamas funds generally elicited a lot of interest and questions.”

Minister Ryan also took the opportunity to speak about Bahamas deliberations on FATCA, described as a game changer, and the success that The Bahamas has had in securing “sponsored exemptions” under FATCA for key financial services products, having chosen to comply via a government-government deal (IGA Model 1).

In summary, panelists stressed the Bahamas Advantages relating to robustness of regulation, innovation aided by strong public-private sector partnership, and the ability to preserve and grow wealth – highlighting the diversity and depth of financial infrastructure and the ready availability of investment advice, banking, custody, legal and audit services.

Prime Minister Perry Christie (left) gave a speech at the signing of the Heads of Agreement for the development of a boutique hotel resort on the island of San Salvador, October 28. Read his full address here.

A new World Bank Group report finds that in the Caribbean region three economies–The Bahamas, Jamaica, and Trinidad and Tobago–took steps to improve their business regulatory environment over the past year.

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