The Tribune

The Bahamas International Securities Exchange (BISX) yesterday announced that Leno Corporate Services (LENO) has become its sixth Sponsor Member.

BISX Sponsor Members are agents that bring mutual funds to list on the exchange. They also perform an initial review of mutual funds seeking such listings.

Keith Davies, BISX's chief executive, said: "We are extremely pleased that Leno decided to add this new service to their product offerings. Leno joined BISX as a Broker Member in 2014, and since that time we have seen them evolve and grow to offer multiple new business lines. We eagerly anticipate Leno bringing mutual funds to the exchange."

Sean K. Longley, Leno's president, added: "Becoming a BISX Sponsor Member is another milestone and proud moment for Leno. This important step reflects our commitment to the industry as a financial services provider, both locally and internationally.

"Our intention is to contribute to the further growth of the financial services sector with our new ability to list mutual funds on the exchange, while doing our part to enhance the industry. Leno has successfully introduced a few local mutual funds, and is currently in the process of finalising one of three international funds that will eventually be listed on the exchange.

"Leno has always believed in growing the pension and investment industry with diverse product offerings. Given the impact we have made over our seven years, Leno will always be embracing our role and responsibility to grow with our ever-changing industry in an appropriate and professional manner."

Mr Longley added: "Leno's focus remains on providing financial and investment services that add value to our domestic and international clients. We are proud of the impact we have made in the various areas of pension investment management services, corporate services and wealth management.

"Though Leno has grown, our business model still embodies the investment boutique philosophy that we started with years ago - professional service with a personal touch. It is our beliefs towards adding value, and our unwavering commitment to our clients, that will continue to guide our growth over the years to come"

BISX's Mutual Fund Listing Facility recently surpassed 50 listings with a mixture of domestic and local funds. It includes funds such as Segregated Account Companies, Limited Duration Companies and Investment Condominiums.

The BISX listings are designed to provide Bahamian and international fund investors with increased transparency and regulation.