PRESS RELEASE
31 October 2006

British Virgin Islands To Address London Hedge Fund Market

The British Virgin Islands International Finance Centre will host a seminar for London-based executives in the mutual and hedge fund industries on Wednesday 15th November. The afternoon event will take place at the newly refurbished William Kent House at
United Kingdom

Seminar arranged by BVI International Finance Centre on Wednesday 15th November

31 October 2006: The British Virgin Islands International Finance Centre will host a seminar for London-based executives in the mutual and hedge fund industries on Wednesday 15th November. The afternoon event will take place at the newly refurbished William Kent House at The Ritz and will feature speakers from both the Public and Private sectors, including Regulators. It aims to bring the London market up to speed with the growth of the BVI’s investment business industry, its regulatory environment and current trends and opportunities in offshore finance. A cocktail reception will follow the seminar.

Practitioners in the London mutual and hedge funds market who wish to attend and journalists who wish to receive more information should contact George Farquhar at george.farquhar@fd.com

The speakers will be:-

  • Lorna Smith , Executive Director of the BVI International Finance Centre
  • Robert Mathavious, Managing Director & CEO of 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
  • Mark Lancaster, Director of New Business Development of Fortis Prime Funds Solutions, BVI

Humphry Leue, Chief Operating Operator of 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."

For further information contact:

Humphry Leue
BVI International Finance Centre
Tel. +1 284 494 1509
hleue@gov.vg

Claire Barry / Andy Field
Financial Dynamics
Tel. + 44 (0) 207 269
7122 / 241
andy.field@fd.com

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