Business Bermuda: LatAm Conference
Business Bermuda last week carried the Bermuda message to Latin America by attending and exhibiting at the STEP LatAm Conference 2012 held in Panama City, Panama on September 26-28, 2012.
Over 300 attendees from across Latin American, the Caribbean, even Europe and Asia, and the United States, gathered to discuss current trends, challenges, and opportunities in the Trust and Wealth Management sectors of Latin America.
One of the main goals of the event was to “be the source of leading edge information in the financial world of Latin American Trusts and Estate Planning.” Representatives from Business Bermuda, HSBC, Capital G Bank, Butterfield Trusts [Bermuda] Limited, Appleby, and Meritus Trust Company Limited attended to represent Bermuda as a premier jurisdiction and highlight the Bermuda advantage.
Representing Business Bermuda, Ms. Yelena Packwood, Marketing and Sales Executive of Business Bermuda and Mr. Randall Krebs, General Counsel of Meritus Trust Company, distributed information and advice to those looking to consider Bermuda for their business needs.
According to Mr. Krebs, “The STEP LatAm Conference has presented a wonderful opportunity for Bermuda. Across the world, Bermuda is known as a leading jurisdiction for Trusts and Estate Planning.
“However, I have observed at this conference that Bermuda is not always the jurisdiction of choice for advisors in Latin America, and accordingly, it is not as well known as other competing jurisdictions. I have seen an overwhelming response to Bermuda’s presence at the event as those in attendance are eager to learn more about what Bermuda has to offer.
“I am certain that as we continue to promote Bermuda in the region, Bermuda will become a leading jurisdiction of choice for Latin American business.”
Ms. Packwood stated, “Real business has been generated for Bermuda at The STEP LatAm Conference this year.
“Other jurisdictions, especially those in the Caribbean, have begun taking advantage of the rapid growth in Latin America, and as such, I found a very high level of interest in not only learning more about what Bermuda has to offer but beginning the necessary steps to bring their business to Bermuda. I am optimistic about Bermuda’s current and future role in Latin American markets.”
