The Cabinet Office has announced that Prime Minister Perry Christie has accepted the resignation of Ryan Pinder as the Minister of Financial Services.

Pinder will be taking up a senior executive position with Deltec International Banking Group in Nassau.

Pinder will remain as a Progressive Liberal Party member of Parliament.

In explaining his decision to return to the private sector at this time, Pinder indicated that the interests of his wife and children at this time were such that he could not sensibly pass up the once-in-a-lifetime opportunity that Deltec had extended to him.

Pinder confirmed that he had every intention of remaining in the House of Assembly as the voice for the people of the Elizabeth Constituency and that he had assured the Prime Minister of his continued support.

The Prime Minister has advised that Pinder’s replacement as Minister of Financial Services will be announced very shortly.