BFSB seeking top graduate

THE Bahamas Financial Services Board (BFSB) is looking to recognise an outstanding 2010 graduate from within the School of Business, College of the Bahamas (COB).

This initiative is a joint venture of BFSB, COB and the Central Bank of the Bahamas, in collaboration with the Professional Industry Association Working Group (PIAWG) - a representative body for the various financial services industry-related associations in the Bahamas.

The criterion for initial selection is based on academic performance as demonstrated by GPA. Additional criteria include COB and community involvement, special interests, further education, and work/other experience.

The Selection Committee last week completed interviews with the finalists, who will be announced shortly. The final phase of the judging process includes the interviews and a written submission from each candidate.

The 2010 Student of the Year will be recognised at BFSB's Annual Industry Excellence Awards Ceremony on October 21. The Student Award programme is an integral component of BFSB's ongoing Financial Centre Focus (FCF) programme that addresses issues such as challenges impacting the sustained growth and development of the industry; improvements to the level of service; and attracting and maintaining qualified professionals.

This year, the sward is jointly sponsored by Societe Generale Private Banking (Bahamas). SG Private Banking has been a consistent co-sponsor of the student award since 2004. The Colina Group of Companies also supported the award as a co-sponsor in 2004 and 2005 under Colina Investment Advisors, and under CFAL as a cooperating partner in the ensuing years.

Bahamas Exploring Opportunities In Brazil

BFSB CEO & Executive Director, Wendy Warren (Journal file photo)

By NIKIA DEVEAUX
The Bahamas Financial Services Board (BFSB) continues to take an interest in the growing economy of Brazil and is actively exploring business opportunities in that country.

Several members of the country’s financial services sector are participating in the four-day Brazil Investment Summit (BIS) along with More than 400 global investors.

BIS, which has become the region’s leading investment conference, begins today in Sao Paolo and will continue until Thursday.

After confirming that the Board would participate, BFSB CEO & Executive Director, Wendy Warren explained that the BFSB is interested in opportunities in Brazil because the country’s economy is of growing international significance and influence.

"Brazil is an important and growing market for The Bahamas," she said.

"This is the third year in a row that we have participated in and made a presentation at the conference. Each year attendance by BFSB member firms grows stronger as does The Bahamas’ recognition at the Summit."

BFSB is a gold sponsor of the Summit and has also secured a panel discussion titled "Asset Managers Interview," which includes the exclusive involvement of Bahamian financial professionals.
Ms. Warren will interview BFSB’s Deputy Chairman and President of CFAL Anthony Ferguson; Chairman & CEO, Green Cay Asset Management Jane Siebels; and Head of Private Banking & Investment Management, SG Private Banking (Bahamas) Renaud Vielfaure.

Some of the topics the panel will discuss include: investing in the wake of the global financial crisis; Key investment themes for the next twelve months; reacting to changes in taxation and regulation; and how have investor demands for increased transparency impacted back office operations.

Other Key BIS themes include: Brazilian economic success; crisis impact: portfolios; transparency in regulation; Brazil’s infrastructure; quantitative trading; funds of the future; pension asset allocation; and alternatives.
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