In response to business growth, **EFG Bank & Trust (Bahamas) Limited** relocated to new premises in Nassau earlier this year, in the Centre of Commerce Building at 1 Bay Street. This significant investment reflects EFG International’s confidence in the business, under the leadership of Regional Head Steve Mackey, and commitment to The Bahamas. The new premises are now fully operational, and will be officially opened on Tuesday, October 23rd.
The company says business is developing according to plan, and as of mid-2007 had grown to over 35 employees, including 12 Client Relationship Officers (CROs). CROs comprise experienced practitioners, drawn from leading private wealth management organisations, all with experience of The Bahamas, and with an average of over ten years’ experience in private banking.
The approach is in keeping with EFG International’s entrepreneurial ethos. It is based on high quality CROs, with ties to The Bahamas, committed to providing an exceptional service to their clients. EFG Bank & Trust (Bahamas) Limited has a comprehensive wealth management offering for private individuals and select institutions, encompassing a wide range of investment management, banking, and wealth structuring services.
Wealth structuring is a particular area of strength and a key pillar of the offering, with capabilities including trusts, foundations and company administration on a multi-jurisdictional basis. The team in The Bahamas includes a number of highly experienced trust and fiduciary specialists, who work with CROs as part of a team-based approach. Credibility in this area is further reinforced by EFG International’s commitment to open architecture, supported by experienced portfolio managers.
Steve Mackey says, *“I am looking forward to the official opening of our new premises. For us, The Bahamas is no mere administrative hub, but a well rounded operation, with wealth advice and structuring pivotal to our offering. We are here for the long term, and I am confident that our full range of services, entrepreneurial approach and pure private banking strategy will prove compelling to many experienced professionals and clients.”*