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Sterling appoints new director

Sterling Bank & Trust has announced the appointment of former Ontario Premier Michael Harris as a director. 

Thursday, January 5, 2017
Wednesday, February 1, 2017

Sterling Bank & Trust has announced the appointment of former Ontario Premier Michael Harris as a director of the integrated banking and financial services firm specializing in development and real estate-related investment vehicles.

The new appointment increases the role Harris will play in helping to set policy direction for the growing firm, which has more than $9 billion in assets under administration and offices in Nassau and The Cayman Islands.

“Mike has been an excellent director in his previous roles, showing the leadership skills, discipline, wisdom and insight that made him so well-liked as well as highly respected when he was premier of a region with a population of over 13 million,” said David Kosoy, Sterling chairman and CEO.

“We are pleased that he has agreed to expand the position he will play going forward as Sterling Bank & Trust continues to recognize promising opportunities for growth on behalf of our more than 1,500 high-net-worth clients.”

Harris, the former Member of Provincial Parliament and Premier, currently serves as a senior business advisor in the Corporate/Commercial and Government Relations & Ethics Groups at the law firm of Fasken Martineau in Toronto, Ontario.

Bahamas Development Corporation has executed an Asset Purchase Agreement (APA) to acquire a fast-growing wholesale turnkey performance lifestyle apparel company.

The streets of Nassau came alive with dancing and the sound of cowbells as the annual New Year’s Day Junkanoo parade wound its way through downtown. See pictures of the colourful cultural event here.

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