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Financial Services Ministry to focus on training

Minister of Financial Services Ryan Pinder (pictured/stock) said last week that the issue of training and human development within the financial services industry is an essential pillar of the Ministry. 

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TheBahamasInvestor.com
Monday, February 24, 2014
Monday, February 24, 2014

Minister of Financial Services Ryan Pinder said last week that the issue of training and human development within the financial services industry is an essential pillar of the Ministry, pointing out that the Ministry followed through on its budget promises to ensure that new learning opportunities are created for Bahamians in the financial services sector.


“Through our affiliation with the AIBT (Association Of International Banks and Trust Companies in The Bahamas), 10 students were afforded internships over the summer and two participated in language study in Mexico,” Minister Pinder said.

“Through our affiliation with the Bahamas Institute of Financial Services, two new certificate courses were launched in taxation and corporate finance.”

Minister Pinder was speaking on the 2013-2014 Mid-Year Budget Communicationin the House of Assembly, February 20.

He noted that the Ministry is preparing in the next few months to release its call to industry to demonstrate the “best in class” in terms of training programmes that benefit Bahamians.

“We will be launching a print media series to highlight Bahamian professionals who have been successful at home and abroad in financial services,” Minister Pinder announced.

“We are doing this not only to highlight these people, but also to serve as an important beacon to guide young professionals and new entrants to the Bahamian financial services system.”

“We hope that this programme can expand to include a mentorship element.”

Minister Pinder stated that his Ministry’s strategy continues to focus on education at all levels and includes foreign language training and cultural sensitization.

“We are delighted that the BFSB (Bahamas Financial Services Board) is continuing to expand its language training programmes through an international recognized language training company at affordable rates.”

“My Ministry seeks to ensure that sufficient Bahamians are trained in the languages of business,” he stated.

Minister Pinder added that his Ministry has been charged with the task of ensuring that The Bahamas is recognized as “the regional centre of excellence in financial services.”

“We continue to discuss with Caribbean and international governments and with our tertiary institutions,” he said. “A definitive plan of action for achieving this will be released in the new budget year.”

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