Opposition Leader Attends Meetings In New York

April 9, 2017 | 59 Comments

Opposition Leader David Burt visited New York last week to engage in a series of meetings aimed at “progressing investment in Bermuda.”

“During lunch with the Chair, Immediate Past Chair, Chief Executive Officer and Chief Operating Officer of the New York Society of Security Analysts [NYSSA], the leading forum for the investment community, Mr. Burt laid out the PLP’s Vision 2025 plans for Bermuda as a platform for global funds. He further articulated the role Bermuda can play as a global centre for Intellectual Property,” the PLP saod.

Mr Burt with the Nasdaq welcome sign

David Burt Nasdaq Sign Bermuda April 9 2017

Harumi Urata-Thompson, CFA, the NYSSA’s Chief Operating Officer said, “We were happy to meet with David Burt last week in New York during his US visit. We are looking forward to seeing how Bermuda develops in the next few months and how we can work together.”

“Mr. Burt met with past and potential Bermuda business partners to specifically discuss the PLP’s objective to increase investment in energy, tourism and the creation of a Technology Park at Southside,” the PLP said.

“Meetings took place with partners of law firms and investment banks, asset managers, and real estate developers. The Opposition Leader further engaged in discussion with those representing interests in the non-traditional markets of Africa, the Middle East and Asia.”

Mr Burt with members of the NYSSA: L-R: Harumi Urata-Thompson [COO], Alex Urdea [Immediate Past Chair], Phil Taylor [Chair], Daniel Dagen [CEO]

David Burt NYSSA Bermuda April 9 2017

Mr. Burt explained, “The forming and maintenance of relationships with international investors is of fundamental importance to the health of Bermuda’s economy. Increasing inward investment into Bermuda results in the creation of jobs and improved quality of life for all of us.

“The only way to diversify Bermuda’s economy is to create options that are attractive to investors. Engaging with these representatives has allowed me to not only lay out the PLP’s vision, but to discover the needs of investors as articulated by them.

“The meetings proved to be effective and I found the response to our proposals encouraging.”

Mr Burt on the set of Fast Money with Robert Phillips, Managing Director, Global Corporate Client Group, Nasdaq

Fast Money Robert Phillips Bermuda April 9  2017

The Opposition Leader was invited to the Nasdaq bell closing ceremony on Tuesday, and visited the set of CNBC’s Fast Money.

Joseph Brantuck, Nasdaq Vice President and head of the New Listings, said, “We were delighted to welcome David Burt to Nasdaq and to reaffirm our long and productive relationship with the Bermuda Stock Exchange and the Island’s famed business, financial and insurance communities.

“David’s visit has underscored our support for its listed companies. We look forward to continuing the long and happy relationship we have with our Bermuda partners.”

Mr Burt with Jay Madhu [CEO Oxbridge Re] and Wrendon Timothy [CFO Oxbridge Re]

Wrendon Madhu Burt Bermuda April 9 2017

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Comments (59)

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  1. A Chap called Vanz says:

    Still think he should lose the nonce beard!

  2. Kangoocar says:

    Hmmmn? I hope they don’t google david burts name! They will find he was junior Finance minister during the complete fiscal collapse of Bermuda which lead to mostly his own supporters being put out of work! That could be a major embarrassment for not only him but Bermuda as a whole!
    I really wish the plp would stop this continues nonsense of meddling into things that has already been proven to be way over their heads! Which means anything to do with money or ethics!

    • JAWS says:

      People like you are the very reason I don’t vote UBP-OBA anymore. I even would attend the UBP BBQ every summer but now I see clearly.

  3. karen says:

    we the taxpayers DEMAND to know how much you spent on this TRIP, be honest now, thats right you PLP’s dont know what that word means

    • Watching says:

      Yes, I agree. How much was spent on this trip? The OBA release all their accounts, only fair the OBA should do the same,.

    • Yea ok 2000 job promise says:

      The only thing we demand is for you to shut up and wait to get voted out.

      • Hmmm says:

        Thus the problem… PLP can do what they want and their supporters just blindly follow

      • Anbu says:

        And when they dont get voted out will u do us a favor and disappear?

    • Its me again says:

      The thing is.

      Why does it matter how much the PLP spent on this trip. They didn’t use any of your money to do so. That makes it none of your business.

      Go to a PLP AGM register to be a memeber and ask then

    • GoodNews says:

      I do remember seeing him humbly seated in coach.I was on the his fligh I know that doesn’t say much but hey at least you can be reassured that it wasn’t a jet or a 20k trip

  4. Family Man says:

    As he was speaking to security analysts, it’s probably best that he didn’t bring up the six years of qualified audit opinions his party generated when they were last in power.

    And it might be a good idea to keep quiet about the results of the recent Commission on Inquiry as well.

  5. Onion says:

    Ah yes, a self-promotion tour.

  6. Janice says:

    This party has not progressed anything in a loooooong time

  7. puzzled says:

    Closing bell.
    Irony.

  8. Jus' Askin' says:

    ;-)

  9. Terry says:

    More propaganda from the PLP.
    “We look forward to continuing the long and happy relationship we have with our Bermuda partners”.

    And that’s where it lies folks. Read it again.
    Nothing to do with the PLP.
    Nothing to do with OBA.

    As long as things stay stable thanks to progress made by OBA we will survive though slowly and recover where others won’t or be bombed to hell.

    Enjoy 2017.

    2018 could be the year of new growth in Tweed.
    And that’s old; right?

    My last comment.
    Shalom.

  10. peelpee says:

    what a joke

  11. Waiting for the election says:

    looks like the PLP is getting serious. Good for them! We need this election yesterday.

    • Weed says:

      Yeah, they startimg to practice goimg on trips and spending our money like they did before.

  12. Navin Johnson says:

    Words escape me…

  13. Point boy says:

    Yawn. Please try, not to embarrass us any further.

  14. Rasta says:

    The PLP ‘s record of business will scare away investment.

    • Humphrey says:

      Y so you can elect a pop gov who can’t run any business leaving out running a country.that’s for sure

  15. James Rego says:

    Wow, doing something positive for Bermuda! Keep it up Mr. Burt, we are watching.

    • Navin Johnson says:

      What is positive about his visit with the appalling track record of the PLP….

  16. Premier in waiting.

  17. Ocean Bound says:

    Nice promotion of Bermuda!

  18. legal fund says:

    “options that are attractive to investors” the “Hon. David Burt” got that right. Hey, while on the subject do investors think that they should invest in places where Parliament can be shut down and people who break the law face no penalty?

    • wahoo says:

      “Legal fund” has a point. People want stability when they invest. in a country or business.

    • Wayne's World says:

      Well in my opinion people are happy to invest in lawless jurisdictions it really doesn’t bother them since they have lots of money.

  19. Cedar Stump says:

    WOW. The leader of the political party that got us in sooo much debt is now rubbing shoulder with the big money boys !!!! Good luck with that.

  20. Seascape says:

    Really?! Wonder how much this trip cost. Their track record …..

  21. Warlord says:

    I guess the PLP paid for the trip with those fish frys

  22. cpm says:

    Are the US reps meeting Burt aware of his call to block Parliament and therefore democracy
    I suspect not or they would be keeping him at arms lenght

  23. bdaboy says:

    “The forming and maintenance of relationships with international investors is of fundamental importance to the health of Bermuda’s economy. ”

    So, what’s the problem with the airport again?

  24. Janice says:

    At least we will have a new airport to welcome them to technology park

  25. Stinky D. says:

    I guess they know that he will be the next Premeir of Bermuda

    • bdaboy says:

      “I guess they know that he will be the next Premeir of Bermuda”

      lol, yeah, sure

  26. Herb Smoker says:

    Why is the Opposition Party sticking their noses where they don’t belong?

  27. bdaboy says:

    “The forming and maintenance of relationships with international investors is of fundamental importance to the health of Bermuda’s economy. ”

    So, what’s the problem with the airport again?

  28. Zevon says:

    Did he tell them about how he leads protests against major investment here?

    • Humphrey says:

      Y so you can elect a pop gov who can’t run any business leaving out running a country.that’s for sure

  29. Kathy says:

    Perhaps we are only NOW seeing where our bread and butter is coming from. DING – the light bulb has gone one.

    So, let me get this straight. He is trying to attract foreign investment but at the same time, the PLP is generally contra new work permits! How could this possibly work?

    • Just the facts says:

      And don’t forget he’s contra foreign investment in our airport too. (scratching my head)
      He just doesn’t make a bit of sense. I don’t get it. Has he lost his marbles or is he really serious here?

  30. Time Shall Tell says:

    The man goes to do something positive for the island & all some people (usual suspects) can do is try to find negative…. Shame..

    • Just the facts says:

      No, you are wrong. The issue people have here is that he contradicts himself. He protests vehemently about foreign investment in our airport and then he goes on a tax payer-funded boondoggle seeking foreign investment! How do you not see the issue here?

  31. Long Bay Trading Co. says:

    Nothing to see here folks, move along…………….

  32. Do Right says:

    This is a photo op. I still want to know how 15 people were summoned to court last week and Burt was not?
    Anyway, I wonder what wall street thinks of Burt’s idea of using pension funds as venture capital?

  33. Mary says:

    photo ops for the the seen to be doing something crowd :)

  34. Just want to know says:

    Harumi Urata-Thompson, CFA, the NYSSA’s Chief Operating Officer said, “We were happy to meet with David Burt last week in New York during his US visit. We are looking forward to seeing how Bermuda develops in the next few months and how we can work together.”

    Sooo, that means the AC, and then the airport (it was a shady deal, but its over now)… now the Opposition Leader HAS to come back and work with the current government, because of the eyes that he has now placed on BDA… these people are not stupid, they know what’s going on in BDA.. My advice to Opposition Leader Burt (and the die-hard PLP followers) is humble yourselves, because you just may be the next Gov’t (most people will prob stay away from the polls to be honest), and if/when you do become gov’t, you NEED to get along with OBA…. you see, Humbleness is needed on both sides, because “they are watching”….

    You can’t just “fight like children” and then try and “do business like men”… fight like men (Freddie Wade/Sir John Swan), then do business like men…

    It’s a good thing what BURT is doing, but please don’t come back and brag about it.. just get on with it…

  35. Keepin' it Real!...4Real! says:

    It’s really a shame…NOT one of these PLP persons are concerned about Bermudas future…9/10 are leftist loonies just like America…and we sure see the progress being made there…I can’t wait for the “majority” to put them back in power…I actually haven’t seen cannibalism first hand…oh well…prepare prepare.

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