Monday, November 13, 2006

British Virgin Islands Address London Mutual and Hedge Fund Industry Executives

After announcing the official launch of 'Team BVI', British Virgin Islands International Finance Centre is arranging a seminar for London-based executives in the mutual and hedge fund industries. The event has the purpose to find the way how to bring the London market up to speed with the rapid growth of the BVI's investment business industry, its regulatory environment and current trends and opportunities in offshore finance. The answer is expected to be found during the seminar, which will take place on Wednesday 15th November.

The seminar will feature speakers from both Public and Private sectors, including Regulators.

The seminar speakers will be Lorna Smith (Executive Director of the BVI IFC), Robert Mathavious (Managing Director & CEO of the BVI FSC), Ruth Chadwick (Director of Investment Business at the BVI FSC), Mark Chapman (Managing Partner at Deloitte, BVI and "Team BVI" founding member), Kieron O'Rourke (Partner & Head of the Investment Funds Practice of Harneys , BVI), Mark Lancaster (Director of New Business Development of Fortis Prime Funds Solutions, BVI).

Humphry A. Leue, Chief Operating Operator at the BVI International Finance Centre, comments:

"The British Virgin Islands has enjoyed a long and fruitful working relationship with the London business and professional community and we are delighted to be back in London to update this sector of the market on the BVI’s international financial services offer.

The BVI has developed into a strong, well established offshore jurisdiction for investment businesses, with a recent survey ranking it as the second most popular hedge fund domicile with approximately 10% of the global market. The BVI boasts over 2,500 funds with an estimated asset value of well over €100bn, drawing upon the support of some 500 managers and administrators licensed to provide fund support services in the Territory.

The securities and investment business sector remains a central part of our plans to further establish the BVI as a leading and well regulated jurisdiction for international financial services and we see the London professional community as a crucial element to this continued growth. We look forward to presenting and discussing these issues with key practitioners in London on November 15th."

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