BVI Finance Limited has elected the first nine representatives to form its board of directors.
The election took place at the company’s first annual general meeting on 19 January.
The new board includes: Ryan Geluk of BDO Limited; Kenneth Morgan of Pendragon Services Limited; Robert Briant of Conyers Dill & Pearman; Vanessa King of O’Neal Webster; Claire Abrehart of AMS Financial Services Limited; Peter Tarn of Harneys; Rachel McDonald of Mourant Ozannes; Jonathan Bailey of Nerine Trust Company (BVI) Limited; and Helene Lewis of SimonetteLewis.
Lorna Smith, BVI Finance’s interim executive director, said: “Today marks a new era in the history of the BVI's financial services industry and none of this could have been achieved without the diligent work of the Financial Services Implementation Unit and, of course, the private sector.”
On 2 January this year, BVI Finance became a private company, BVI Finance Limited.
According to BVI Finance Limited, the next phase of the process will see the signing of a cooperation agreement between the government and BVI Finance Limited, which will cement the terms of the arranges and the roles and responsibilities of those involved.
The signing is set to take place after the new board meets and elects its chairman and other officers. The board will also be joined by two government representatives.