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AmericasMarch 1 2016

Fast and flexible: wealth management the Bahamas way

The Bahamas' ability to create investment products quickly in response to clients' specific needs gives it an advantage as an international financial centre, though greater communication efforts may be needed to convince its critics regarding the country's compliance with international regulation. This Leadership Series roundtable article was sponsored by the Bahamas Financial Services Board, Equity Bank and Trust, Deltec and the Bahamas Ministry of Financial Services and independently edited by The Banker.
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The Bahamas is internationally known for its idyllic beaches, as well as its status as an international financial centre. But while the success of the country's tourism sector mainly relies upon travellers having the money to spend on a trip to the country, the development of the Bahamas’ financial activity depends on a variety of factors.

International regulation and general distrust towards offshore centres have presented challenges in recent years. But the Bahamas' ability to swiftly create new investment products continues to attract business, in particular from Latin America, although Asia is featuring increasingly strongly.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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