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Sterling Global Financial Wins Canada’s Top Award for Private Capital Markets

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Bahamas, May 11, 2017 – Nassau –  Sterling Global Financial, a Bahamas based financial company with offices in the Cayman Islands, has captured one of Canada’s most prestigious finance industry awards, the “Private Capital Markets Award (PCMA) for Best Fund 2016”. 

Sterling, in conjunction with Canadian-based GMP Securities, took the top spot in the real estate fund category.   “This is an honour for firms in the private capital market sector and we at Sterling are extremely proud to have been selected the winner,” said Sterling Global Financial Chairman David Kosoy. “We work assiduously to raise funds and invest those funds for the benefit of our investors. It is rewarding to note that the hard work that goes into this part of our mission is recognized by the industry, who understand that what we do quietly behind the scenes is making a difference for our investors.”

Several of Sterling’s board directors are originally from Canada, including Mike Harris, the former premier of Ontario.    In 2015, a Vancouver think tank conducted a performance review of 80 premiers and voted Harris, who served from 1995-2002, as Canada’s most effective premier since 1981. 

PCMA had high praise for Sterling.   “The group’s success capitalizes on over half a century of successful real estate and investment experience of its management team,” it reported. “Their primary investment focus is in real estate; both debt and equity, and related services. They have active investments and projects throughout the Caribbean and North America. In working with GMP Securities, a leading independent investment dealer, Sterling successfully raised capital through the Richardson GMP wealth management arm of GMP Securities.” 

According to PCMA, the award is the only one of its kind for private capital market professionals and is reserved for “business leaders who help build a vibrant and successful private capital markets in Canada… and promote best practices and high standards of conduct in the private capital markets”.

Nominees are evaluated based on their leadership in the industry, the quality of the deal, and its impact on the private equity industry. Innovation, creativity and complexity are all taken into consideration when measuring candidates for this award, which is done by the selection committee comprised of independent members of the PCMA’s national Board of Directors. PCMA stated. “Capital raised in the private capital/exempt market helps finance economic activity across Canada and is an important contributor to supporting entrepreneurial business, and creating wealth for Canadian investors. The PCMA believes in celebrating and promoting the success stories of the private capital markets. We recognize the professionals behind those successful capital raising transactions and the successful outcomes they generate for issuers, dealers and investors.” PCMA began the award program five years ago and says its winners “set the benchmark for other professionals to follow”. 

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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