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BFSB appoints new CEO

The board of directors of the Bahamas Financial Services Board has named attorney-at-law and chartered banker Tanya McCartney as CEO and executive director, effective December 1, 2015. (Photo courtesy BFSB)

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TheBahamasInvestor.com
Wednesday, November 11, 2015
Wednesday, November 11, 2015

The board of directors of the Bahamas Financial Services Board (BFSB) has named attorney-at-law and chartered banker Tanya McCartney as CEO and executive director, effective December 1, 2015.


In making the announcement BFSB chairman Prince Rahming said: “Tanya brings to BFSB the leadership, management and business development skills that are essential to keep BFSB at the forefront of the financial services industry both internationally and domestically. Her knowledge of the industry and her diverse private and public and sector background will enable Tanya to have an immediate impact on BFSB’s day to day operations and the industry’s long term strategic development. We are delighted and fortunate to have someone of Tanya’s calibre and reputation join BFSB at this crucial time in our industry.”

McCartney has many years experience in banking, law and financial services. Her most recent role was on Baha Mar’s management team, holding the position of assistant general counsel for regulatory compliance.

McCartney succeeds Aliya Allen who has served as BFSB’s CEO since January 2012. Allen will provide transitional support to McCartney until December 31.

In commenting on the new position, McCartney stated: “I am honoured to have been given the opportunity to serve in this capacity. Moreover, I am committed to engaging with all relevant stakeholders, whilst drawing on my professional expertise, to ensure the continued growth, sustainable development and promotion of the Bahamian financial services industry.”

According to local daily newspaper The Tribune, investor Andrew Farkas and hotelier Sir Sol Kerzner have entered negotiations to revive the stalled Baha Mar project–a move that could ultimately lead to the two billionaire investors being exclusively responsible for the $3.5 billion resort on Cable Beach. Read The Tribune's report here.

In an effort to provide the public with frequent information on its economic surveillance activities, the Central Bank releases monthly reports on economic and financial sector developments in The Bahamas. Preliminary indications are that the domestic economy sustained its mild growth path during the month of September, based on modest gains in tourism output, and on-going foreign investment-led projects which supported construction activity.

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