The Bahamas Investor

...ntre is unique,” says Wendy Warren, chief executive officer at the Bahamas Financial Services Board (BFSB), whose task it is to promote and represent all aspects of the domestic financial services industry. “Lots of other countries are in the same position as us. Why someone would choose The Bahamas is a combination of factors involving relationships, history and perceptions. Those factors go to make up the brand, and it is the brand that compels......

...ng trends and strategically position ourselves to be innovative as we move forward for the growth and sustainability of financial services in The Bahamas.” He said that globally the financial services industry is constantly being threatened by increased global regulatory standards, unscrupulous persons wishing to use it for illicit or illegal activity, and technological changes that threaten human capital allocation. As a result, the government is......

...f workforce demographics, they also represent a huge potential client base for financial services firms. This generation is set to inherit $30 trillion from their baby boomer parents, according to market research group Accenture, making them a prime market for offshore wealth management. “There is an advantage if you can position your firm to appeal to the Millennial client and that means engaging the Millennial employee,” says Allen. “Corporation......

...hange of information, The Bahamas remains a leading offshore international financial services centre. Robust regulatory framework All three sectors of the financial services industry (banking, securities and insurance) operate within a comprehensive legal and regulatory framework consisting of acts, regulations, guidelines and rules. Industry participants are subject to licensing or registration requirements and assessments of fitness and properne......

...se of doing business in The Bahamas, according to Michael Halkitis , State Minister for Finance. “Our value proposition must be competitive globally in order to spur economic growth locally. By making our information available and accessible, by modernizing processes, and having rules and regulations that are fair and apply to all, our customers can improve their productivity,” said the Minister during an address to the Rotary Club March 14. The M......

...provider in the Bahamas, has signed a five-year extension for license and services for Amdocs CES Multi-Play Smart Pack, a pre-integrated customer care and billing solution for cable operators with convergent offerings. The Amdocs solution will support Cable Bahamas’ expansion into voice services, while continuing to support its cable TV and broadband services. Amdocs Multi-Play Smart Pack will enable Cable Bahamas to deliver converged services w......

...ed in Washington, DC, Preston Pinkett, paid a courtesy call on Minister of Financial Services Hope Strachan, February 8, 2017 at the offices of the Ministry. He was accompanied by Bahamas Consul General to Washington, DC, Paulette Zonicle. Pinkett was in The Bahamas to meet with members of the local banking industry. Pictured: Hillary Deveaux, consultant, Ministry of Financial Services; Sherrylee Smith, permanent secretary of The Ministry of Finan......

Hope Strachan, Minister of Financial Services, Trade and Industry arrived in Costa Rica January 24, 2014 in preparation for the convening of the Third Summit of the Heads of State and Government of the Community of American and Caribbean States (CELAC). Prime Minister Perry Christie will head the Bahamian delegation scheduled to arrive January 28, and will attend the summit in his capacity as chair of CARICOM and as CARICOM’S Representative on th......

...Perry Christie, Minister of Financial Services Hope Strachan and Minister for Foreign Affairs and Immigration Fred Mitchell. (BIS Photos) Prime Minister Perry Christie kicked-off the International Business and Finance Summit with an address at the CEO Dinner at the opening of the event February 5. The four-day event was organized by the Bahamas Financial Services Board (BFSB) and was held at the Grand Lucayan under the theme: Creating a New Legac......

...ment becomes more challenging, according to Minister of Financial Services Ryan Pinder (pictured) . Speaking at the opening of Bankers’ Week yesterday, Minister Pinder said: “Our greatest asset is our ability to advance our human capital. We have to nurture that, we have to develop it, because that is the only way our industry will survive. Human capital is one of the most fundamental components of charting this new path.” The Minister praised the......

...The Bahamas’ financial sector, according to Minister of Financial Services Ryan Pinder, who said that the country has already seen the benefits of meeting with legislators and promoting its interests. Navigating increased regulation and greater transparency can be difficult for smaller jurisdictions, but issues can be resolved through more productive and focused engagement said Pinder addressing the Nassau Conference at the British Colonial Hilton......

Pictured: Minister of Financial Services Ryan Pinder speaking at the Atlantis Resort on Paradise Island. (Photo Harry Cutting/©Dupuch) The diversity of product offerings in the Bahamas’ financial services sector will help insulate the jurisdiction against market volatility and increasingly burdensome regulation, Minister of Financial Services Ryan Pinder told attendees at the Society of Trust and Estate Practitioners (STEP) Caribbean Conference t......

...posal will be mechanisms to identify and confirm legitimate business needs for foreign talent. That is, whether the expat worker is necessary because of specific company knowledge, language requirements, promoting head office training programmes, among other things. “We must ensure that there is appropriate succession planning and knowledge transfer within reasonable timeframes,” said Pinder. “Finally, we must ensure that the immigration process r......

...financial footing.” MLRO Day is organised by the Bahamas Association of Compliance Officers (BACO) and also featured presentations by Minister of Financial Services Ryan Pinder and Director of Financial Services in the Ministry of Financial Services Nicola Virgill-Rolle.......

...ill also be working with several industry stakeholders throughout the year to ensure that the campaign is well-rounded, relevant, and can reach as many people as possible. We encourage the public to visit the campaign website www.getmoneysmartbahamas.com, for information that will be updated at regular intervals throughout the year. We also encourage the public to follow Get Money Smart Bahamas on Facebook and Twitter and to join the conversation......