The Bahamas Investor

...ked with us and encouraged us to find innovative ways to provide financial services for the un-banked and under-banked sector of the communities we serviced and so today I am indeed pleased we have been able to take that to the point where we can be signing a loan agreement for $1 million,” said Harvey Morris, OMNI’s Chief Executive Officer, who oversaw the company’s growth from a small operation with one location and two employees. “This agreemen......

...s industry between the two nations. Founded in 1974, The Bahamas Institute for Financial Services (BIFS) –formerly The Bahamas Institute of Bankers–is an educational organization that has historically enjoyed a strategic partnership with the UK. “Initially, when we started, we offered the trust and the banking course under the Chartered Institute of Bankers out of the UK,” recalls Jane Major, chair of the institute’s Education Committee. “Later, w......

...viduals overseas, the numbers will never be sufficient to prevent the need for foreign specialists. The Bahamianization policy of the government has been a huge success. Ninety five per cent of employees within the financial services sector are Bahamian and work permit holders number only about 300. It is natural that the interests of local workers should be a priority; however, it is perhaps time to formally acknowledge that the interests of The......

...stry improvements At this juncture, it is crucial that participants in the financial services industry recognize this current state of affairs and work together to make further progress in regaining the trust of our clients, shareholders, regulators and society at large. This collaboration requires the industry to deliver its message clearly and consistently, and to take action decisively and swiftly for the betterment of clients and society at la......

...try compete on a global level. For over 40 years, the Bahamas Institute of Financial Services (BIFS) has been at the forefront of education and training in the sector. Courses on offer from the non-profit organization help practitioners develop advanced skills in a variety of areas including wealth management, financial planning and risk management. BIFS caters not just to entry- level students, but also to seasoned professionals who want to brush......

..., the financial technology company, has announced its subsidiary, TigerWit Financial Services Limited, is now authorised and regulated by the Securities Commission of The Bahamas (SCB). The Broker-Dealer licence granted to TigerWit gives the company permission to deal as agent and principle, arrange and advise in securities including CFDs in Forex, indices, commodities and metals to retail and wholesale clients on a global basis under the Bahamas’......

...t Kevin Burrows believes there is a need for a more innovative approach in financial services and pinpoints the maritime and credit union sectors as potential drivers for growth. Speaking at a recent seminar hosted by the Bahamas Institute of Financial Services (BIFS), the insurance industry leader said that, while The Bahamas had already shown innovation in new legislation such as the amendments to the Trustee Act and creation of the Bahamas Exec......

Hope Strachan, Minister of Financial Services, addressed a meeting of staff and partners of EY Bahamas at Atlantis Paradise Island , February 10, during which she outlined areas that will receive focused attention for the promotion, growth, and development of The Bahamas’ financial services sector. In her address, Minister Strachan described measures to increase financial service competitiveness that included facilitation of continuing education......

...to take up the role. Also bringing remarks at Wednesday’s opening was the Minister for Grand Bahama, Dr Michael Darville, FATF president Vladimir Nechaev, and CFATF chairman Cherno Jallow. Governor General Sir Arthur Foulkes and Lady Foulkes were among the many government officials attending the opening. Deputy Prime Minister Philip Davis greets Financial Action Task Force president Vladimir Nechaev at the opening of the Plenary Meeting of the Ca......

...re Brent Symonette, Minister of Financial Services, Trade and Industry and Minister for Immigration; Dion Foulkes, Minister of Labour; Michael Pintard, Minister of Youth, Sports & Culture; Frankie Campbell, Minister of Transportation and Local Government; Kwasi Thompson, Minister of State for Grand Bahama; president of the senate, K. Forbes-Smith; Member of Parliament for Central Grand Bahama and Parliamentary Secretary in the Ministry of Works Ir......

...e Central Bank of The Bahamas Wendy Craigg, Minister of Financial Services Ryan Pinder, as well as representatives of the senior management team of Scotia Bank. In these meetings, Kim Bodie, BIFS executive director, emphasized the importance of the organization in encouraging partnerships with international universities. The Institute she said is not a degree granting body, but seeks to identify programmes of higher education and training specific......

...opportunities for The Bahamas’ financial services economy,” said Minister for Financial Services Ryan Pinder addressing members of the Bahamas Association of Compliance Officers (BACO) this week. “Many countries in Latin America have experienced growth at a time when other countries have receded. We are positioned to be the gateway to the Americas. It is important that The Bahamas positions itself to be a mover in this market.” The Minister also......

...lable in jurisdictions such as The Bahamas. Minister of Financial Services Ryan Pinder says this outreach will generate critical exposure for the country. “It will allow us to develop the Chinese financial services sector for The Bahamas. The timing certainly is right, with the Asian market maturing in terms of the demand for the international diversification of assets. We have had a long-term goal of attracting Chinese investment to use The Baham......

...o see your enthusiasm as you work with Minister Pinder to restore Bahamian financial services to a leadership position. This morning, I’d like to speak briefly about some of the steps being taken by the Office of the Attorney General the impact the ease of doing business, where regrettably The Bahamas ranks as #77. Office of the Attorney General (OAG) People invest in places where they feel safe and where they feel that disputes can be resolved sw......

...inal director behind the Bahamas Institute of Bankers, a training resource for financial service industry professionals. Commonwealth Bank’s management team leads by example. President William B Sands, Jr and other members of executive management participated in executive development training at the University of Western Ontario’s Richard Ivey School of Business. School dean, Carol Stephenson is impressed by Commonwealth Bank’s commitment to leade......