The Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

    Andbank’s chief executive said yesterday that the private bank was optimistic about its prospects in the Bahamas, as it sees a “huge opportunity” in connecting this nation to Latin America’s private wealth market.

Ricard Tubau said yesterday: “We are optimistic here. That is the reason why we are having the meeting in the Bahamas. We are living in moments of tectonic shifting where you have challenges but, at the same time, opportunities.”

 Mr Tubau added: “We see huge opportunities for our group in connecting  the Bahamas with Latin America. That is specifically a strong side of Andbank  because 60 per cent of the employees of Andbank are in Latin America. We truly believe that this connection is going to happen and that we will be capable of taking off with that.

     “As long as the Bahamas keeps offering a fantastic offer for the residential tourism  of high quality for Canadians, US citizens, British citizens and others, we will be also targeting them as a private bank. This is what possibly makes us a bit different.”

Andbank has a presence in 12 countries worldwide -Andorra, Spain, Luxembourg, Switzerland, Monaco, Brazil, Uruguay, Panama, Mexico, the Bahamas, Israel and the US (Miami).

Andbank (Bahamas)   opened a two-day global managing directors meeting at the One & Only Ocean Club yesterday, where some 33 of its top executives will discuss global trends, strategies and initiatives to position it as a leading private bank across the globe.