British Virgin Islands: British Virgin Islands Hosts Successful Funds Seminar In London
Last Updated: 1 December 2006

December 1 2006: The British Virgin Islands International Finance Centre has hosted a successful seminar for London-based executives in the mutual and hedge fund industries. The private event, held at the newly refurbished William Kent House at The Ritz earlier this month, attracted some 70 delegates who were keen to hear about the growth of and opportunities in the BVI’s investment business industry.

Delegates were addressed by Lorna Smith, Executive Director of the BVI International Finance Centre, Richard Carpenter, Consultant to the BVI Financial Services Commission, Ruth Chadwick, Director of Investment Business at the BVI Financial Services Commission, Mark Chapman, Managing Partner of Deloitte BVI, Kieron O'Rourke, Partner & Head of the Investment Funds Practice of Harneys BVI and Mark Lancaster, Director of New Business Development of Fortis Prime Funds Solutions BVI. Based on feedback received immediately following the event, delegates overwhelmingly found the seminar to be ‘valuable’ in terms of knowledge received and networking opportunities, whilst over 90% expressed an interest in attending future BVI events. Of the delegates who provided feedback, more than half indicated that they were more likely to do business with the BVI as a result of the seminar.

Whilst in London, several members of the BVI delegation also addressed the UK-based media through a number of briefing sessions with various members of the hedge fund trade press and interviews with The Economist, The Financial Times and the Sunday Times. As a result of the meetings and interviews, several publications have committed to issue a special editorials and jurisdictional reports on the British Virgin Islands in 2007.

Humphry Leue, Chief Operating Officer of the BVI International Finance Centre, comments: “The London market is extremely important to the British Virgin Islands, particularly in respect to investment business. We were delighted that the event attracted such high-level interest, and delegate feedback suggests that the bond between the BVI and the London funds community will only strengthen in the months and years ahead.

“Securities and investment business remains critical to the continued growth and development of the BVI as a modern and diverse jurisdiction. The BVI has established itself as the second most popular hedge fund domicile in the world and we are confident that events such as this will help us to sustain growth in this area.”

For further information contact:

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

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