BVI Finance Limited, a public/private partnership created to better support the BVI’s financial services industry, has elected nine persons to its Board of Directors.
Premier and Minister for Finance, Dr. the Honourable D. Orlando Smith, OBE, has extended congratulations to the new Board of Directors, which will take over from the interim body that oversaw the transition from government department to private company.
The elections took place on January 19 and the newly appointed members of BVI Finance’s Board of Directors, excluding the two representatives from BVI Government, are:
Robert Briant, Conyers Dill & Pearman; Vanessa King, O’Neal Webster; Ryan Geluk, BDO Limited; Kenneth Morgan, Pendragon Services Limited; Claire Abrehart, AMS Financial Services Limited; Peter Tarn, Harneys; Rachel McDonald, Mourant Ozannes; Jonathan Bailey, Nerine Trust Company (BVI) Limited and Helene Lewis, SimonetteLewis.
Commenting on the appointment, the Honourable Premier said, “I welcome the appointment of this first Board of Directors of BVI Finance Limited as this is in keeping with industry best practices of promoting the BVI’s financial services industry and correlates with my Government’s policy to create an environment that will better facilitate the development of a new substance based financial services economy.”
He added, “My Government considers the creation of BVI Finance Limited to be one of the hallmarks of the BVI Forward campaign and I would like to commend the Financial Services Implementation Unit, under the leadership of the Director, Mr. Kedrick Malone, and the interim board for their outstanding efforts in ensuring that BVI Finance Limited came to fruition. I look forward to signing the Cooperation Agreement between BVI Finance Limited and Government in the coming weeks.”
Commenting on the significance of the inaugural AGM Internim Director of BVI Finance Limited, Mrs. Lorna Smith said, “Today marks a new era in the history of the BVI’s financial services industry and none of this could have been achieved without the diligent work of the Financial Services Implementation Unit and, of course, the private sector.”
She added, “As the BVI remains committed to offering an internationally renowned and respected financial services product, the creation of BVI Finance Limited and appointment of the new Board of Directors will absolutely help to ensure that we fulfill our desire to create a truly public/private partnership in an effort to better support the BVI’s financial services industry.