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The Bahamas Investor – Fall & Winter 2018 Press release

The 2018 Fall & Winter edition of The Bahamas Investor features an interview with Citi Trust's managing director Elena Mortemore. Overseeing 24 countries and responsible for generating nearly $60 million in revenue, the Bahamian and former lawyer offers insight into Citi's plans for expansion in The Bahamas and the wider Latin American region. 

Wednesday, June 27, 2018
Wednesday, June 27, 2018

Etienne Dupuch Jr Publications is proud to announce the release of the latest issue of The Bahamas Investor magazine. Packed with critical information for investors, the bumper, high-quality publication contains a mix of in-depth features, profiles, reference materials, news and interviews with industry leaders.

The Fall & Winter 2018 edition contains an interview with Citi Trust’s managing director Elena Mortemore. Overseeing 24 countries and responsible for generating nearly $60 million in revenue, Mortemore says the most rewarding aspects of her job are experiencing different cultures and meeting the needs of her very varied client base.

In the article, the Bahamian and former lawyer offers insight into Citi’s plans for expansion in The Bahamas and the wider Latin American region from its new offices in the Albany Financial Centre. “The Bahamas is critically important for Citi. In terms of our trust and wealth planning business, it is our largest centre globally,” she says. “We see this jurisdiction as critically and strategically important. Not only for our trust business and our local corporate bank, but also our broader global banking business.”

This issue also takes an in-depth look at how The Bahamas offers unparalleled lifestyle options for investors looking to follow their money to sunnier climes by owning property in paradise.

According to Christine Wallace-Whitfield, president of the Bahamas Real Estate Association (BREA), who is one of those interviewed for the piece, investors have been taking advantage of this route to residency for decades and the market continues to grow. “Residency by real estate investment has always been popular,” she says. “We are a very attractive country for investors. We are very unique because we have all these different islands. Where else in the world can you find that? We also have a warm climate year-round and we are so close to the US, that is a huge attraction. We have such a great product in The Bahamas.”

The Fall & Winter issue of The Bahamas Investor also takes a look at the government’s efforts to revitalize the Grand Bahama economy through diversification into fields such as technology and the maritime industry, as well as rebooting the tourism offering. In the piece, president of the Grand Bahama Chamber of Commerce Micheal Holding points out that many of the established ventures on the island, such as The Grand Bahama Shipyard and PharmaChem Technologies, are continuing to grow and invest in Freeport. “Whilst there is still much to be done, there are positive signs that things are moving in the right direction,” he says.

Other features in this issue include an interview with one of the newest additions to the wealth of financial services professionals on the island, Tom Vukota of Vukota Capital Management, and a look at Ansbacher’s acquisition of Rothschild Bahamas. Special in this edition also is the Investor’s Resource Guide, providing essential information for anyone looking to work, live and invest in The Bahamas.

The Bahamas Ministry of Tourism and Aviation has reported that first quarter international visitor results point to an increase in arrivals, signaling that business turnaround from Q4 of 2017 has continued to flow into 2018.

The government of The Bahamas has named Davinia Blair as the executive director of the imminent Small Business Development Centre.

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