#Providenciales, April 10, 2019 – Turks and Caicos – Invest Turks and Caicos and partners returned from
London following a successful week of promoting the country’s financial
services sector to London’s ultra-high net-worth audiences.
Invest TCI’s promotional activity started off with Industry
leaders from some of London’s top family offices, banks, and private client
firms coming together on April 3rd at
the Spear’sbreakfast
briefing at the Mandarin Oriental Hyde Park for a presentation hosted by Invest
Turks and Caicos discussing the country’s opportunities for UHNW investors.
In their presentations to an audience of over 40 specially
invited guests, James Bursey, CEO of Invest Turks and Caicos and David Stewart,
partner at London and TCI law firm Griffiths and Partners, and managing
director of Coriats Trust, spoke optimistically about the country’s financial
services sector.
“We’re trying to diversify, to capitalise on our small
but perfect reputation on financial services, and to try and grow that
industry, so we are as a government and as an investment agency,
authorised by government to come out and speak
to communities like this to say “we want you to come”,’ David Stewart
told the audience. “We want lawyers, we want accountants, we want bankers
and fund managers to consider the Turks and Caicos.”
“One of the things we do on these islands is to promote just
the natural beauty of the place,” James Bursey stated. “What a lot
of people forget is that we are incredibly
well positioned to command investment throughout the
region. Most of our real estate investors are making very good returns on
investing in the hotels and condominium that they develop,
and most of our capital has historically come from North America.”
Mr. Bursey went onto to highlight that the island is now turning its focus to
the UK. “We have good compliant arrangements with pretty much all the
major capital markets. We are very much a part
of British overseas territories, and we are a prime destination
for the UK market.”, Bursey said.
Following the Spear’s Breakfast briefing, Bursey and Stewart
conducted meetings with several prominent businesses and institutions in
London, including Her Majesty’s Treasury. Bursey and Stewart was also
interviewed by the London Stock Exchange where they discussed the
revitalization of the financial services sector, key development priorities and
growing the TCI economy.