The Tribune

The Bahamas International Securities Exchange (BISX) has added its sixth sponsor member in the shape of Societe Generale Private Banking (Bahamas).

The bank has been approved as a BISX Sponsor Member for the listing of mutual funds on the exchange, having been a broker/dealer member since September 2001.

Keith Davies, BISX’s chief executive, commenting, said: “We are pleased to have Societe Generale join BISX as a Sponsor Member. Societe Generale has maintained a relationship with BISX going back to BISX’s inception in 1999, and we are grateful to Societe Generale for having always been one of the most supportive corporate citizens when it comes to the exchange.

“Offshore jurisdictions such as the Bahamas thrive only when corporate citizens contribute to national institutions such as the national stock exchange. Developments such as this are crucial to BISX’s growth and development.”

BISX sponsor membership allows professional organisations to introduce applicant investment funds to the exchange, after which they are eligible to be listed under BISX’s Listing Rules for Mutual Funds.