Sunday, January 1, 2017
Sunday, January 1, 2017
New issue of The Bahamas Investor published.
The Bahamas has a clear strategy on how to move forward in the financial services industry, in the face of new regulations and pressure from the international community. In the newest edition of The Bahamas Investor, Tanya McCartney, CEO of the Bahamas Financial Services Board, explains just how industry leaders tend to maintain the country’s position as a premier international financial centre and plot a course for further success.
“The Bahamas must now chart a new course to buttress the economy, secure the future of those who work directly in the sector or benefit indirectly from financial services,” writes McCartney in the top story of the industry section of the magazine’s January – June 2017 issue.
The Bahamas Investor–published by Dupuch Publications –is a bi-annual publication packed full of insightful commentary, in-depth interviews and profiles and expert opinion covering all investor-related business and financial news from The Bahamas. With more than 100 pages of original and contributed content, The Bahamas Investor is a vital tool for promoting the nation to anyone looking to work, live, invest and do business in the jurisdiction.
The top story in the investing section highlights the superb standard of living for those wealthy families and high-net-worth individuals (HNWI) looking to follow their money to these sunny shores. Places such as the Albany luxury residential resort are perfectly suited to HNWIs needs; especially now that Albany has opened a new financial centre housing some of the world’s most prestigious full-service banks and financial services providers.
This high-end offering is reflected across the financial services in The Bahamas and family offices form one of the key strands of the sector. Deeply engaged with the client’s needs and aspirations, they develop long and intimate relationships with their customers.
Holdun Family Office Ltd has an established, cross-generational history with The Bahamas and chose this jurisdiction as a place to do business, not only because of the tax legislative benefits, but also as a place to live and enjoy the best things in life. “The beauty of The Bahamas is that you can be outdoors every day. So we go swimming with our kids and get them into sports,” says chief executive officer Brendan Holt Dunn. “It’s a great environment.”
Another investor that saw an opportunity here was founder and CEO of Sterling Global Financial David Kosoy, whose group combines real estate investment, fund management and boutique banking to offer a full range of financial services. Seeing a gap in the market in The Bahamas, Kosoy moved from Florida to Nassau and formed Sterling.
For all these stories and more pick up a copy of The Bahamas Investor.