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BFSB head steps down

Wendy Warren, chief executive officer and executive director of the Bahamas Financial Services Board (BFSB) will resign from her post at the end of the year. A key member of the financial services sector, Warren has been at the forefront of the industry in the jurisdiction for more than a decade. 

Tuesday, September 6, 2011
Tuesday, September 6, 2011

She provided dynamic leadership during one of the most trying economic periods in history and now Wendy Warren is stepping down from her 11-year tenure as chief executive officer and executive director of the Bahamas Financial Services Board (BFSB).

Since 1998, the board has been at the forefront of the country’s financial services sector, helping to create new legislation, revamp existing ones and promote The Bahamas as the ideal place for offshore investors to do business.

“The strength and stature of the BFSB as a representative of the country’s financial services industry, both domestically and internationally, is in very large part due to Wendy’s relentless determination for the industry to succeed, particularly during a period characterized by incessant international and economic pressures,”?said BFSB chairman Paul Winder in a press statement released Tuesday.

Warren started her career as a chartered accountant and progressed to senior positions in a global private banking institution. She served two years on BFSB’s first board of directors when it was formed in 1998.

She will remain in her current post until year’s end. Her replacement has yet to be announced.

Winder credited Warren’s “tireless?efforts” to the advances made in the financial services industry.

“Our industry has a clearly focused vision and strategy due in no small part to Wendy’s direction and stewardship,”?he said. “During her tenure, the BFSB has cultivated strong partnerships with the many stakeholders in and outside of The Bahamas and has achieved a growing respect from international service providers for The Bahamas as an international financial services centre.”

Although she is leaving the quasi-government agency, Warren says she is still committed to further developing the sector.

“It has been an honour and a unique privilege to serve as BFSB’s CEO and executive director and to have had the opportunity to work with so many gifted and dedicated professionals in our industry,” she says. “My commitment to the growth of the sector and BFSB remains strong and unchanged, reinforced in large measure by the tireless contributions made by all stakeholders of our industry and the dedicated team at BFSB.”

Warren has decided to pursue other interests relating to the financial services industry.

“It is my intention to make further contributions to the BFSB and its pivotal mandate in the ensuing years,”?she says.


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