Highlighting the importance of engaging young people in The Bahamas’ second largest industry, Minister of Financial Services Hope Strachan announced yesterday that her Ministry’s planned regional centre of excellence will offer accredited financial degrees – giving younger professionals the chance to further their education.

“The learning process is never complete. Opportunities for furthering your education are critical to the growth and sustainability of your industry,” said the Minister, addressing a meeting of the Bahamas Financial Services Board (BFSB)‘s Millennials Society.

“Everyone wins when you take advantage of opportunities,” she said.

“The industry is not static; it is ever-changing. Part of the mandate of the Financial Services Ministry is to foster innovation. Innovation comes from exposure and experience.”

“As you move along in your careers, I invite you to shatter those glass ceilings, to stay focused, work hard [and] work smart. I believe that is the recipe for success.”

During her opening address at the forum, which took place at the Balmoral Club, Strachan urged the audience to learn from more senior industry figures. saying: “The industry does not thrive well in an isolated environment. It thrives on the transference of knowledge. Seek out models, mentors and coaches. They can provide advice and guidance to ensure your success.”

The BFSB Millennials Society was launched in November 2014 and supports Bahamian millennials (those born between 1981 and 2001) in the financial services sector by connecting them with mentors and hosting networking events. BFSB CEO Aliya Allen called the society a “passion project” and said the younger generation have an important role to play in the industry.

“We believe you have something very valuable to contribute to this industry, and the way the industry develops,” she said.

cmorris@dupuch.com