New Executive Team at Securities Commission

January 27, 2015By @BahamasFSBAsset Management, Industry News

The Securities Commission of The Bahamas has announced the appointment of Ms. Christina Rosanna Rolle as Executive Director, and Mr. Stephen Coakley Wells as Deputy Executive Director. Commission Chairman Mrs. Tonya Bastian Galanis, says *“After an extensive recruitment process, we are pleased to announce the selection of such experienced and talented persons who will be … Read More

Bahamas Rolls Out ICONIC New Product- the Investment Condominium (ICON)

November 3, 2014By @BahamasFSBAsset Management, BFSB News, Industry News, Newsletter

In August and September The Bahamas promoted the new ICON in [Brazil]( and Mexico. ICON is a new structure for the organization of an investment fund under Bahamian law. While ICON has no legal personality, it is deemed able to hold assets in its name when represented by its administrator. The liability of the participants … Read More

Major Asian Promotion

October 17, 2014By @BahamasFSBAsset Management, BFSB News, International Issues, Newsletter, Private Wealth Management

One of China’s major investment conferences targeting Asian investors was the anchor event of a two-week promotional programme by the Ministry of Financial Services and the Bahamas Financial Services Board (BFSB). The China Offshore Summit took placed in Shanghai on October 15 and 16 with the Ministry positioned as a lead sponsor for the event, … Read More

Securities Commission Signs 24th AIFMD MoU with French Regulator

October 9, 2014By @BahamasFSBAsset Management, Industry News

The Securities Commission of The Bahamas has signed a Memorandum of Understanding (MoU) under the Alternative Investment Fund Managers Directive (AIFMD) with French securities regulator the Autorité des Marchés Financiers (AMF). The latest AIFMD MoU was signed by the Commission’s Chairman, Mrs. Tonya Bastian Galanis, and the Chairman of the AMF, Mr. Gérard Rameix on … Read More

Sterling Financial launches New Providence Opportunity Fund

August 22, 2014By @BahamasFSBAsset Management, Industry News, Members in the News

[The Sterling Financial Group]( has launched the New Providence Opportunity Fund, Ltd., a closed-end equity investment fund consisting of high-net-worth and institutional investors. The company says the fund will target diverse real estate investment and development opportunities in the US, Canada and the Caribbean region. A. David Kosoy, Sterling’s Chairman and CEO said, *“we are … Read More

BISX Lists Two New Funds

August 19, 2014By @BahamasFSBAsset Management, BISX, Industry News

Grande Escolha Vinhos Fund Limited and Artemis Holdings Fund Inc. have successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the [Bahamas International Securities Exchange]( (BISX). Grande Escolha Vinhos Fund Limited and Artemis Holdings Fund Ltd. are incorporated as International Business Companies under the … Read More

Securities Exchange: An added dimension to Bahamas financial industry

July 21, 2014By @BahamasFSBAsset Management, BISX, Industry News

The Bahamas International Securities Exchange (BISX) was founded with the goal of bringing transparency, price discovery and market efficiency to the Bahamian Capital markets. With this goal in mind, BISX began formal listing and trading of securities in May, 2000 with nine domestic companies listing their ordinary shares on the Exchange resulting in a market … Read More