The Board of Directors of the Bahamas Financial Services Board (BFSB) is pleased to announce that Attorney-at-Law and Chartered Banker Tanya McCartney has been appointed CEO and Executive Director, effective December 1, 2015.

In making the announcement BFSB Chairman Prince Rahming said, *“Tanya brings to BFSB the leadership, management and business development skills that are essential to keep BFSB at the forefront of the financial services industry both internationally and domestically. Her knowledge of the industry and her diverse private and public and sector background will enable Tanya to have an immediate impact on BFSB’s day to day operations and the industry’s long term strategic development. We are delighted and fortunate to have someone of Tanya’s calibre and reputation join BFSB at this crucial time in our industry.”*

Tanya McCartney began her professional career in 1997 as Assistant Counsel in The Office of the Attorney General. She entered the financial services sector in 1999 as Legal Counsel and Compliance Officer for The Private Trust Corporation. Subsequently she served as Manager, Trust Services for Butterfield Bank Bahamas. In 2004 she moved to UBI Groupe – Union Bancaire Privée as its Legal Counsel and Compliance Manager. She later became RBC Caribbean’s Regional Manager for Compliance in 2006, before assuming the post of Managing Director for RBC FINCO, a position she held for six years. Additionally, she has served as President of the Bahamas Institute of Financial Services for six years, beginning in 2008. In 2014 Ms. McCartney joined Baha Mar’s management team and most recently held the position of Assistant General Counsel for Regulatory Compliance at Baha Mar, a position she held until accepting the role of BFSB’s new CEO.

Ms. McCartney succeeds Aliya Allen who has served as BFSB’s CEO since January 2012. Ms. Allen will provide transitional support to Ms. McCartney until December 31. The BFSB Chairman also thanked Ms. Allen for the contributions she made during her four year tenure. *“We are very grateful to Aliya for her dedication, leadership and many accomplishments as our CEO,”* said Mr. Rahming. *“Aliya was instrumental in the development and introduction of ICON – the Bahamas Investment Condominium – which has helped expand our funds presence in Latin America, particularly Brazil. Under her stewardship, Bahamas Landfall events have taken on greater meaning and importance in promoting all aspects of financial services offerings in both long established and new markets. On the policy side, she has done important work as well, working closely with industry, government and regulators. On behalf of the BFSB Board of Directors, staff and our member firms, we offer our sincerest and deeply felt thanks and appreciation to Aliya for her tireless efforts and tremendous contributions over the past four years. Aliya has our best wishes as she moves forward in the next phase of her career.”*

In commenting on the new position, Ms. McCartney stated: *”I am honoured to have been given the opportunity to serve in this capacity. Moreover, I am committed to engaging with all relevant stakeholders, whilst drawing on my professional expertise, to ensure the continued growth, sustainable development and promotion of the Bahamian financial services industry.”*