#Bahamas, December 4, 2017 – Nassau – Leading real estate development financing firm Sterling Global Financial announced today it is set to launch a new advisory arm, adding a service the firm’s chairman said would bolster its strategic growth with its ability to assist clients with core services including structure, management, banking, financing, and operations.
The new company, Sterling Global Advisors Ltd., will be headed by former Bahamas Minister of Investments Khaalis Rolle, a businessman and two-term chairman of the Bahamas Chamber of Commerce and Employers’ Confederation, and follows on the heels of Sterling’s launch last year of Sterling Bank & Trust (Bahamas) Ltd.
“The new advisory firm will allow the firm to consolidate and provide a more strategic focus on a component of its business which was previously viewed as value-added for existing clients,” said Sterling Chairman David Kosoy.
“Sterling Global Financial has largely built its reputation and singular positioning by responding to needs for financing ranging from high end homes, commercial shopping centers, luxury condo developments, private islands and resort developments,” said Mr. Rolle, who currently serves as Sterling’s Senior Executive Vice President, and will become Managing Director of Sterling Global Advisors.
“The creation of Sterling Global Advisors expands the role we serve with clients and investors by providing guidance, direction and, in some cases, operations management skills. This will allow us to take on new roles that we have the skill sets for, including advising on private placement offerings, consulting and advising governments and quasi-government entities and for-profit and not-for-profit institutions. This will strengthen Sterling in important ways by creating a sustainable path for our continued growth through the expansion of our relationship with new and existing clients in The Bahamas, North America and beyond.”
Many of the projects the firm finances or assists with financing are in The Bahamas and include ONE Cable Beach, THIRTY SIX on Paradise Island, Courtyard by Marriott in downtown Nassau, Ocean Terraces, West Bay Street, Matt Lowe’s Cay, Abaco and Sky Beach Estates, Eleuthera. It is also funding a share of the land acquisition for a major redevelopment of an iconic neighbourhood in South Boston and is participating in a project in Ireland. In the past year, it upgraded and sold a large shopping center in central Florida.
“We have been growing slowly, steadily since our founding a decade ago,” said Sterling Global Financial Chairman David Kosoy, who, though holding an advanced degree in law, has spent his life in real estate funding and development. “Launching Sterling Global Advisors strengthens our growth potential and provides an enhanced and important role in key projects. We are taking this strategic step now to further position Sterling to take advantage of the tremendous economic opportunities across our various business sectors. We could not find a better person to head Sterling Global Advisors than Khaalis Rolle.”
Mr. Rolle has served as Senior Executive Vice President of Sterling Global Financial since June 1, 2017.
The chairman also revealed that Sterling will be making additional major announcements regarding what he termed “exciting new projects, initiatives and partnerships consistent with our medium to long term growth strategy.”
The company with headquarters on East Bay Street, Nassau, has some US$9 billion under administration or asset management. In 2016, it opened Sterling Bank & Trust (Bahamas) Ltd. and it operates one of the oldest trust companies in Cayman with worldwide clients. It has earned numerous awards for investment returns and security of investments.
Press Release: DPA News
Invest Turks and Caicos Attended Caribbean Hotel Investment Conference & Operations Summit
#TurksandCaicos, November 24, 2021 – Invest Turks and Caicos (Invest TCI) is pleased to announce the Agency’s participation in the 10TH Caribbean Hotel Investment Conference & Operations Summit (CHICOS) held November 10th-12th, 2021, at the Grand Hyatt Baha Mar in Nassau, Bahamas.
CHICOS is one of the premier hospitality conferences in the region. In its 10th year, this event brought together more than 300 regional and international investors and operators and the region’s leading decision makers – all to discuss the region’s markets and possibilities.
Invest TCI participated in the Caribbean Government Leaders plenary session on Friday, November 12th, alongside the Bahamas Investment Authority, Invest St. Lucia, and JAMPRO. The plenary discussions focused on the investment environment of Caribbean economies in a post covid environment under two key themes: diversification of the economy and tourism and the need for greater involvement of (and positive impact on) local communities.
Attending the summit on behalf of Invest TCI was Interim CEO, Angela Musgrove and Legal and Compliance Officer, Judith Garland.
Commenting on the summit, Ms. Garland stated, “I was delighted to represent the Agency at the 10th Anniversary edition of CHICOS. I found the sessions engaging, and the industry trends and knowledge imparted was most valuable. It was great to meet new faces and establish relationships with industry colleagues, which can present mutually beneficial partnerships and relationships in the future.
Interim CEO Angela Musgrove stated, “Invest TCI will continue to support and leverage industry conferences to promote opportunities in the Turks and Caicos Islands. This is the Agency’s 5th year attending CHICOS, and it has allowed us to directly engage with potential investors and prospects interested in doing business in the TCI. Through these types of events, the Agency can continue to proactively target new investment opportunities, lucrative partnerships, and financial opportunities that contribute to overall economic development.”
For more information on upcoming events, visit our website at investturksandcaicos.tc.
Bahamian Para-Athlete Erin Brown to Become Godmother of RC’s Odyssey of The Seas
#TheBahamas, November 24, 2021 – A Bahamian woman who lost her leg to cancer and went on to defy odds and inspire thousands will be named godmother of Royal Caribbean International’s Odyssey of the Seas. Erin Brown, a 41-year-old mother of two and a para-triathlete who cycles, runs, swims and competes at an international level, will accept the honour at a special ceremony in Florida later this week.
“From the moment we heard the story of Erin, how her courage and determination in the face of adversity inspired others and led to a more inclusive consciousness about succeeding with disabilities, we were moved and knew she was a great candidate for godmother of our newest ship, Odyssey of the Seas,” said Michael Bayley, president and CEO, Royal Caribbean International. “A godmother serves as the guiding spirit of the ship and brings good luck and safe travels to its crew and guests.”
While she was in college participating as a track and field athlete, Brown was diagnosed with a rare form of bone cancer called osteosarcoma after suffering a fall that resulted in a broken leg. After more than a year of chemotherapy, her tumor showed no signs of shrinking, and Brown made the difficult decision to amputate her limb above the knee. Brown, who watched her own mother struggle for five years before losing her battle with lupus linked to cancer, knew she had to keep going because her child depended on her. She underwent surgery and woke up to one less leg. “Mind over matter,” she repeated. And then, she re-invented herself.
She said she recognizes now that her disability was a signal to start over. The first time she completed the 100-mile cycling event, Ride for Hope, raising money for cancer research, education and prevention, she led a group of adaptive athletes who heard the thunderous applause and cheers from the crowd that had witnessed the one-legged cyclist achieve what few with two legs could on the hilly terrain.
“A sudden change like the one I experienced is just an opportunity to rebrand yourself to yourself and to society. All those skills you had before – you still have them,” said Brown who has gone on to become an advocate for rights for the disabled and works at the University of The Bahamas as the compliance officer and counselor for the physically challenged.
“Having Erin as our godmother is a fitting way for us to pay tribute to The Bahamas,” said Bayley. “Our company’s very first port of call outside the U. S. was to The Bahamas more than 50 years ago. To this day, Nassau remains one of our most popular ports of call and Perfect Day at CocoCay remains our top pick by our guests. We are excited about this ceremony and honouring our long-time partners, as well as the newest Bahamian flagged ship in our fleet.”
Photo Caption: Erin Brown, who calls herself a limb-difference individual, will be named the first Bahamian Godmother of a Royal Caribbean International vessel when she presides over the naming of Odyssey of the Seas.
Sandals Foundation donates to skills training programs in Nassau
#TheBahamas, November 24, 2021 – The clothing, textile and art and craft programs at CC Sweeting High School and Aquinas College recently received a major boost from Sandals Royal Bahamian Spa Resort and Offshore Island, through their charity arm, the Sandals Foundation.
The resort, which is currently undergoing a multi-million-dollar overhaul generously, donated bolts of fabric to both schools. This came after Regional Projects Coordinator, Kerry Ann Fung and her team alerted the Foundation about the fabrics as they felt that the schools would benefit greatly from them.
Sandals Royal Bahamian’s General Manager, Adrian Whitehead did the handover and shared that while the resort’s doors may be closed, their hands and hearts remain open to the people of Bahamas.
“We are resolute about giving back to this country in any way that we can. I’m delighted that Aquinas and CC Sweeting will make good use of the fabric and that it will help students to develop the skills they need to create sustainable and expansive change in society. As we continue with the work on the resort, we plan on donating so much more in the coming weeks,” he shared.
He added that properly resourced learning environments form a huge part of Sandals’ commitment to education, as transformative initiatives have been the Sandals Foundation’s goal since its inception in 2009.
Principal at Aquinas College, Mrs. Shona Knowles who received the fabric on behalf of the school shared that the fabric will be used to aid in the inculcation of entrepreneurial skills in students.
“We have a very vibrant art and craft department. The fabric we received from the resort will be used by students for art projects where they make things like handbags, cushions, stool and bench covers and other artistic pieces. We also have plans to use some of the fabric to design backdrops for multimedia purposes,” she said.
“We are grateful to Sandals Royal Bahamian? and are certainly looking forward to a long-term partnership between the Resort and our school,” declared Knowles.
In addition to other donations that the resort plans on making, come December, the Sandals Foundation will be spreading joy with a toy through its annual Christmas Toy Drive. This initiative will see them donating close to 2000 toys to children from various schools and communities in New Providence and Exuma.
The Toy Drive has been a staple calendar event for more than 10 years through generous donations from United States toy company, Hasbro and the kind support of Sandals and Beaches Resorts team members, guests, travel agents and partners.
Release: Sandals Foundation
Photo Caption: Principal at Aquinas College, Shona Knowles accepts fabric donation on behalf of her school from Sandals Royal Bahamian’s General Manager, Adrian Whitehead.
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