The Tribune

The Bahamas Financial Services Board (BFSB) has elected its Board of Directors for 2014-2016, as the industry confronts opportunity as well as challenges.

Aliya Allen, BFSB’s chief executive, addressing members at the 2014 Annual General Meeting (AGM) on September 24, said: “Embroiled in challenges, we’ve nevertheless seen glimpses of how wonderful our future as an industry could be.”

She highlighted BFSB’s activities over the previous year, including ICON’s (Investment Condominium) introduction in recent months, and spoke to the ongoing challenge of creating value while servicing a diverse membership.

Ms Allen identified several interlinked factors that will be critical for financial services industry success going forward. These include business efficacy; regulation; industry engagement and cooperation among key stakeholders, including the Government and the regulators; a sound financial services policy framework; and innovation.

She said strengthening these strands, individually and collectively, was part of the BFSB’s vision for the future.

The BFSB Board company directors elected include: Llewellyn Boyer-Cartwright, Callenders & Co; Timothy Colclough, Butterfield Trust (Bahamas); Christel Sands-Feaste, Higgs & Johnson; Steven Ferguson, UBS Trustees (Bahamas); Heather Bellot-Hazarian, BCS Fiduciary Services; Juan Iglesias, Andbank (Bahamas); Vanessa Knowles, Credit Suisse AG Bahamas branch; Samantha Knowles-Pratt, Delaney Partners; Michelle Pindling-Sands, Graham Thompson; Jeremy Profitt, RBC Wealth Management; Prince Rahming, PricewaterhouseCoopers; Khrystle Rutherford-Ferguson, Fidelity Bank (Bahamas); C. James Schaefer, Old Fort Financial; Michele Thompson, Ernst & Young; Fabrizio Tuletta, BSI Overseas (Bahamas); and April Turner, McKinney, Bancroft & Hughes.

Elected as representatives of their respective professional industry associations were: Ivan Hooper, Association of International Banks & Trust Companies in the Bahamas; Shasta Treco-Moxey, Bahamas Association of Compliance Officers; Dwana Davis-Imhoff, Bahamas Bar Association; Howard Knowles, Bahamas Insurance Association; Darnell Osborne, Bahamas Institute of Chartered Accountants; Brian Jones, Bahamas Investment & Securities Business Association; Coretta Owen, Bahamas Real Estate Association; Sean Albert, Clearing Banks Association; Kevin Burrows, CFA Society Bahamas; and Marie Cargill, Society of Trust & Estate Practitioners.

Ms Allen and Dr Nicola Virgill-Rolle, director at the Ministry of Financial Services, serve as permanent directors.

The new Board will elect the chairman, vice-chairmen, treasurer and secretary of BFSB at its October meeting.