The Tribune

The Deputy Prime Minister, K P Turnquest, gave the keynote address to the Association of International Banks and Trust Companies in The Bahamas (AIBT) recent Annual General Meeting.

Bruno Roberts of The Private Trust Corporation, and Ivan Hooper of Winterbotham Trust Company, will continue as AIBT co-chairs for another two-year term. Jan Mezulanik, of Pictet Bank & Trust, is deputy chairman, and Jean-Marc Fellay of Gonet Bank & Trust (Bahamas), will be treasurer.

Anastacia Johnson, AIBT's executive administrator, continues to serve as Board Secretary. The nominations of Miles Evans, of Clairmont Trust Company; Fabrizio Tuletta of EFG Bank & Trust (Bahamas); and Rochelle Rolle of Julius Baer Bank & Trust (Bahamas) were also accepted. They will serve as directors for the 2018-2020 term.

The Board was rounded out with the renewal of two-year terms for Shira Newbold of Intertrust (Bahamas); Christine Russell of Corner Bank (Overseas); Antoinette Russell of Credit Suisse Trust; Daniel-Marc Brunner of Syz Bank & Trust; and Bernard Sechaud of UBS (Bahamas).

AIBT said it had maintained its commitment to the growth and development of the financial services industry through ongoing professional development, industry collaborations and constructive engagement with regulators and policymakers.

Its signature event, the Nassau Conference, held its 12th annual gathering last October with strong support from the corporate community and industry professionals at all levels. The Financial Services Bootcamp, now an annual event held the day before the Nassau Conference, has become a refresher for both long-time professionals and newcomers to the sector.

AIBT also continued its investment in future professionals by placing four additional University of The Bahamas students in six-week summer stays at several member firms, as well as sponsoring two additional persons for a Spanish Immersion Programme in Mexico City.

AIBT also sponsored, in association CFAL, the Student of the Year Award at the Bahamas Financial Services Board's 2017 Financial Services Industry Awards. These and several other initiatives represented over $55,000 in sponsorships and financial support this past year, underscoring AIBT's commitment to the sector's human capital development.

The AIBT and Bahamas Financial Services Board (BFSB) will lead organisation of the first regional AML (Anti-Money Laundering) conference, scheduled for September 17-18, 2018, in Nassau.