A 10-iniative government plan to diversify and shore up the territory’s financial services industry is well on the way to being implemented, officials said last Thursday.
Most sponsors are high-level policymakers such as Financial Secretary Neil Smith and Premier’s Office Permanent Secretary Brodrick Penn. They will work with a soon-to-be-established “delivery unit” which will fast-track the initiatives’ implementation, Dr. Smith said.
The new unit will be headed by Kedrick Malone, a former head of the BVI London Office, and, more recently, BVI Finance.
Former BVI Financial Investigations Agency Chief Operating Officer Julien Johnson will take Mr. Malone’s place at BVI Finance.
Mr. Malone said that the hiring process to staff the rest of the delivery unit is ongoing. A communications officer, an administrator and three delivery specialists will be hired, he added.
The unit will be a temporary one responsible for executing the 10 initiatives outlined in a $1.15 million consultancy project recently completed by the New York-based firm McKinsey & Company, according to Lorna Smith, the chair of the Financial Services Business Development Committee.
See the April 30, 2015 edition for full coverage.
{fcomment}