SG Hambros Bank and Trust (Bahamas) Ltd. has been authorised to trade shares on the Bahamas International Securities Exchange (BISX), as broker/dealers.
Gerry Ritchie, CEO of BISX, indicates that the move will provide a new avenue for institutional investors to access the market.
SG Hambros joins Colina Financial Advisors and Fidelity Capital Markets — the only other broker/dealers authorised to trade on BISX. As managers of more than $200 million in local institutional assets, SG Hambros’ new trading status should provide a major boost for local capital markets.
*”It is most encouraging that an entity such as SG Hambros sees an opportunity to provide specialized professional services for its institutional clients in The Bahamas”*, said Keith Davies, Chief Legal and Compliance Officer of BISX. Demo Moss, Portfolio Manager at SG Hambros, added *”Our desire to become a trading member at this point demonstrates our commitment to the continued growth and development of an orderly, transparent and fair market for all participants.”*