Pictured are CEO Aliya Allen and Janelle Sands (BFSB), Aymara Gomez and Kelly Nottage (Ansbacher (Bahamas) Ltd.), Edgar Fernandez and L. Ryan Pinder (Deltec Bank & Trust), John Lawrence (Windermere Corporate Management), Brandace Duncanson, Cassandra Johnson, Khaliah Brown and Latonia Symonette-Tinker (Ministry of Financial Services Bahamas) and Peter Strauss (Hamilton Captive Management).
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Nassau, Bahamas – Bahamas Landfall: Destination Mexico brought together approximately 50 attendees comprising lawyers, accountants and intermediaries. The event was hosted last week on Wednesday, June 17, at the exclusive Four Seasons Hotel, Mexico City. On
the day prior BFSB, the Ministry of Financial Services, and sponsor
firms participated in a panel presentation during the Private Wealth
Mexico City Forum addressing over 300 delegates.
The Bahamas Financial Services Board (BFSB) “Landfall” branded events provide an opportunity to update intermediaries in jurisdictions of strategic importance about new developments in The Bahamas and also allow The Bahamas to reinforce its brand message as a compliant and experienced gateway for wealth and asset management to the Americas and beyond. Mexico Landfall was the first official Landfall event of the year following briefing visits in Miami and Brazil earlier this year. Upcoming landfall events are planned for Brazil
and Asia, to coincide with STEP Latam and STEP Asia in the Fall. Ms.
Allen will be a speaker at STEP LATAM on the use of investment funds as,
a “pooled investment vehicle” or “investment fund” to hold family
assets. The discussion will focus on the benefits of investment funds
for family wealth planning.
The
breakfast presentation in Mexico provided a product overview of The
Bahamas’ expansive wealth and asset management toolkit, with a focus on
trusts, foundations, captive insurance, investment funds and ICON. A
highlight of the presentation was a discussion led by Abel Mejia,
partner in the Mexican Law firm of Sanchez Devanny on the advantages of
ICON from a Mexican Lawyer’s Perspective. Other topics included
domiciling business in The Bahamas and permanent residency options. The
final topic of discussion was entitled “In the Age of Information
Exchange, Where is The Bahamas positioned?” The final presentation
provided an opportunity for The Bahamas to highlight its tax information
exchange agreement with Mexico and its commitment to compliance with
internationally ascribed and accepted standards.
BFSB CEO Aliya Allen noted “This
is BFSB’s first Landfall Event in Mexico and it is just the beginning
of a sustained outreach to the Mexican advisory community. There was
keen interest in Bahamas trusts, the ICON and also, captive insurance
given Mexico’s manufacturing and agricultural industries.”
In
addition to CEO & Executive Director, Ms. Aliya Allen and BFSB
marketing officer, Janelle Sands, the Bahamian contingent included
several cooperating sponsors: Ansbacher (Bahamas) Limited, represented
by Aymara Gomez and Kelly Nottage; Deltec Bank & Trust represented
by Edgar Fernandez and L. Ryan Pinder; Windermere Corporate Management
Limited represented by John Lawrence; and the Ministry of Financial
Services, represented by acting Deputy Director Brandace Duncanson,
Cassandra Johnson, Latonia Symonette-Tinker and Khaliah Brown. Equity
Bank and Trust Bahamas Limited and Dupuch Publications also sponsored
the event.
“Landfall
events are all about building relationships that foster a dialogue
about developments not only in The Bahamas, but Mexico as well. This
dialogue is key to ensuring that we remain market responsive in our
product innovation and it also serves to take a temperature of views of
The Bahamas from practitioners who do business here.” said CEO, Allen.
