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AIBT holds AGM

The Association of International Banks and Trust Companies in The Bahamas capped off a busy year in the international financial services sector with its Annual General Meeting last month. 

Thursday, August 16, 2018
Thursday, August 16, 2018

AIBTThe Association of International Banks and Trust Companies in The Bahamas (AIBT) capped off a busy year in the international financial services sector with its Annual General Meeting held July 24, 2018.

Peter Turnquest, Deputy Prime Minister and Minister of Finance, delivered remarks to the directors, officers, members and guests gathered for the AGM.

Bruno Roberts of The Private Trust Corporation Ltd and Ivan Hooper of Winterbotham Trust Company Ltd, will continue as co-chairs of the AIBT for another two-year term, along with directors Jan Mezulanik of Pictet Bank & Trust Ltd, as deputy chairman and Jean-Marc Fellay of Gonet Bank & Trust (Bahamas) Ltd, as treasurer.

Anastacia Johnson, executive administrator of AIBT continues to serve as board secretaryboard secretaryboard secretaryboard secretaryboard secretaryboard secretaryboard secretary. The nominations of Miles Evans of Clairmont Trust Company Limited, Fabrizio Tuletta of EFG Bank & Trust (Bahamas) Ltd, Rochelle Rolle of Julius Baer Bank & Trust (Bahamas) Ltd were also accepted and they will serve as directors for the 2018-2020 term.

The Board complement was rounded out with the renewal of two-year terms for Shira Newbold of Intertrust (Bahamas) Ltd, Christine Russell of Corner Bank (Overseas) Ltd., Antoinette Russell of Credit Suisse Trust Ltd, Daniel-Marc Brunner of Syz Bank & Trust Ltd and Bernard Sechaud of UBS (Bahamas) Ltd.

Over the past year, AIBT has continued its commitment to the growth and development of the sector through ongoing professional development, industry collaborations and constructive engagement with regulators and policymakers.

Its signature event, The Nassau Conference, held its 12th annual gathering last October with strong support from the corporate community and industry professionals at all levels. The Financial Services Bootcamp – now an annual event held the day before The Nassau Conference – has become the must-attend industry refresher for both long-time professionals and newcomers to the sector.

This past year AIBT also continued its investment in the future professionals of the industry, by placing four additional University of The Bahamas students in six-week summer internships at several member firms as well as sponsoring two additional persons for a Spanish Immersion Programme in Mexico City. AIBT was also proud to sponsor, in association with CFAL Limited, the Student of The Year Award at the Bahamas Financial Services Board’s 2017 Financial Services Industry Awards.

These and several other initiatives represented over $55,000 in sponsorships and financial support this past year, underscoring AIBT’s commitment to the sector’s human capital development.

In keeping with its mandate of industry engagement and advocacy, AIBT executives held regular meetings with various regulators, government and policy leaders throughout the year to ensure ongoing, beneficial dialogue. These meetings included: The Central Bank of The Bahamas, the Securities Commission of The Bahamas, the Ministry of Financial Services, Trade & Industry and Immigration, the Ministry of Finance, the Ministry of Labour, the Financial Intelligence Unit and Attorney General’s Office.

One outcome of this ongoing engagement was a request from the Central Bank for AIBT and BFSB to lead the organization of the first regional AML Conference scheduled for September 17-18, 2018 in Nassau. The new AIBT Board reaffirmed its commitment to the growth and development of the sector in the years ahead through industry leadership, engagement and collaboration.

AIBT holds AGM

Pictured: AIBT Directors with Minister of Finance & Governor of the Central Bank at AIBT 2018 AGM. (AIBT Photo)

As offshore jurisdictions grapple with increasing compliance regulations, the newly installed executive team of the Bahamas Association of Compliance Officers (BACO) is seeking to foster regional unity designed to make The Bahamas and the Caribbean more market ready in the search for new business opportunities.

Entrepreneurs, managers and small business owners participated in a two-day workshop sponsored by The Bahamas Agricultural and Industrial Corporation (BAIC).

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