Delegation To Travel To Singapore & Hong Kong

May 17, 2012

The Ministry of Business Development and Tourism and Business Bermuda are leading a trade delegation to international conferences in Asia as well as hosting high level promotions in the region’s two leading financial centers.

The delegation will begin its tour in Singapore. They will engage in meetings with local business leaders before attending the Shorex Wealth Management Forum 2012 on 22 and 23 May. Shorex is Asia’s leading event for private bankers, asset managers and advisers to High Net-Worth Individuals (HNWIs).

Over 1500 wealth management professionals gather each year to meet their peers and discuss the latest asset management and tax planning strategies for HNWIs. Minister Wayne Furbert and Cheryl Packwood will make presentations on Bermuda’s strengths as an offshore financial center and the strong and developing business relationship between the two jurisdictions in wealth management.

Minister Furbert and Ms Packwood will then lead their delegation to Hong Kong for the fourth Bermuda Financial Services Conference, Hong Kong, on the 28 May. This will be the last leg of a China road show that saw the Minister and Cheryl Packwood lead business delegations to Shanghai and Beijing earlier in April.

Business Bermuda will meet the Hong Kong Trade and Development Council (HKTDC) for the second year running before holding a media briefing and cocktail reception at the Grand Hyatt Hong Kong. This year Minister Furbert and Ms Packwood will be speaking to the region’s top English language newspaper, the South China Morning Post (SCMP).

Business Bermuda’s 2012 international marketing drive has so far seen the organisation host and sponsor events in Shanghai, Beijing, London and Paris.

Commenting on the Singapore and Hong Kong meetings and events, Ms. Packwood said: “Following our successful trip to China earlier this year this is a great opportunity to come back to the region to refresh longstanding relationships with two of the most important international financial centers in Asia.

“The Asian market, with China at its center, is an incredibly important market for Bermuda and we need to make sure we keep coming back to maintain our relationships with the business communities in Hong Kong and Singapore.

“Shorex is an excellent platform for Bermuda to reach a broad audience of leading financial professionals in the region. Our financial services receptions in both cities are always well received and an excellent opportunity to meet old and new friends alike.”

She added, “We are very pleased to have been able to come back to Asia. I find the best way to build business relationships here is to come in person and talk to the people on the ground.

“Our participation in the CCPIT conference in Beijing this year for example began with a meeting in Hong Kong in April 2011. We look forward to discussing the benefits of wealth management and locating in Bermuda with the international business community in these two great cities.”

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Comments (6)

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  1. Concerned says:

    Mr. Furbert, plese tell us who along with Ms. Packwood will be travelling with you – TRANSPARENCY, please!!

  2. Kathy says:

    Please get value for money – stop at the central police station and find out how they control crime in Singapore and bring it back to Bermuda for implementation!

    • nuts says:

      and if there is a McDonalds there order some egg mcmuffins its cheaper!

  3. Shaking the Head says:

    IB prospered until recently because there was no Minister of IB to make a mess of things, unlike Tourism. Now that Wayne Furbert has decided he is not only a Tourism expert but an international financier there is only one way, and that’s down.
    You can’t sing to drum up the tourists and make a clown of oneself then speak to financial people – the two are incompatible.
    After 13 years, the PLP haven’t learnt.

  4. Razor says:

    Another first class trip? Sheesh these guys travel more than a pro sports team.

  5. Elizabeth Von Trumparanzani says:

    Which one is the dog and which is the pony?