British Virgin Islands: British Virgin Islands Announces Official Launch Of ‘Team BVI’
Last Updated: 31 October 2006

Ambassadors from public and private sectors to be the face and voice of the offshore jurisdiction’s financial services industry

25th October 2006: The British Virgin Islands International Finance Centre has announced the official launch of ‘Team BVI’, a dynamic unit of ambassadors drawn from the public and private sectors to be the face and voice of the Territory’s distinct financial services brand. The principal objective of Team BVI is to create a competitive advantage by presenting the Territory as a modern and progressive jurisdiction through a unique marketing initiative

The announcement follows the inaugural meeting of the 15 founding members of Team BVI earlier this month. Members are drawn from Government, the Regulator’s office and the Private Sector, who will work together in partnership to voice the Territory’s competitive financial products and services and represent the BVI at select public forums. Team BVI will also be responsible for arranging the participation of the broader financial services sector in the jurisdiction’s marketing activities.

Humphry Leue, Chief Operations Officer at the BVI International Finance Centre, the department behind Team BVI, explains: "Our intention is to build a team of spokespeople that will represent the jurisdiction and its successes on the international stage. Importantly, Team BVI is not a closed shop, far from it. Whilst there are 15 founding members, we will actively seek the assistance and expertise of the entire financial services sector in a collective push to showcase the jurisdiction’s leading offshore finance offer. In addition, the Financial Services Marketing Advisory Committee will continue to assist and advise the IFC in the research and development of our marketing strategy, and several MAC members are also founding members are also members of Team BVI."

Hon Dr. Kedrick Pickering, member of the BVI Government’s Caucus group and a Team BVI founding member, comments: "The BVI has a proud and long-standing tradition of public and private sector partnership. By formalising this working relationship into the Team BVI concept, we have created an initiative that is unique in the world of offshore finance and will help the BVI continue its rapid growth and diversification in international financial services."

Mark Chapman, Managing Partner at Deloitte and another Team BVI founding member, adds:"The BVI private sector is genuinely excited by the launch of Team BVI and looks forward to marketing and representing the jurisdiction collectively in close collaboration with the Government and Regulator. The BVI has a fantastic story of growth and cutting edge financial products and Team BVI will be a powerful means of continuing to tell this story on a global platform."

For further information contact:

Humphry Leue
BVI International Finance Centre
Tel. +1 284 494 1509

Claire Barry / Andy Field
Financial Dynamics
Tel. + 44 (0) 207 269
7122 / 241

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