BFSB Launches New Marketing Initiative

by Amanda Banks, Tax-News.com, London

26 February 2003

The Bahamas Financial Services Board (BFSB) this week announced the launch of its new marketing initiative.

SPIN, or Special Programme for Intermediaries in Nassau, forms part of the Board's 2003 drive to target international financial services intermediaries and advisers upon whom clients are increasingly relying to decide where to locate their assets.

In a statement released on Sunday, the BFSB explained that: 'SPIN...is an outreach whereby individual international intermediaries travel to the Bahamas to meet with industry representatives, regulatory agencies and government officials to broaden their insights and understanding of the jurisdiction.'

Speaking with regard to the new initiative, BFSB CEO and Executive Director, Wendy Warren announced: 'We strongly believe that such information exchanges are vitally important to maintain confidence and support for our jurisdiction, and to reaffirm the strength of the Bahamas in some of our primary markets for business.'

According to the BFSB, two SPIN events are planned over the coming months - one focussing on private wealth management in late March, and another looking at mutual funds, which will take place in early April.

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