The Bahamas Investment Authority / Mutual Funds

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The financial sector, with over 40 years of steady growth and experience in the offshore banking and trust industry, is the second leading contributor to the economy of The Bahamas, employing more than 10% of the country's labour force and comprisiong 12% of GDP ($340 million).

Bahamas Investment Authority

Establishing a Financial Institution

Banks & Trust Companies

Insurance Industry

Mutual Fund Managers

Trust Formation

Incorporation Procedures

International Business Companies (IBCs)

Shipping Registry

Export & Import Trade

Agriculture

Freeport Free Trade Zone

Manufacturing in The Bahamas

Tourism Development

Real Estate & Second Homes

Labour Standards in The Bahamas

Infrastructure

Telecommunications

Legal Firms

Mutual Funds In The Bahamas

Mutual funds have become the largest growth area in The Bahamas' financial services sector over the last few years, and the country is developing into a major international center for mutual funds. The Bahamas' tax-free and investor-friendly regulatory environment makes it attractive to fund managers seeking alternative offshore asset bases. It costs less to operate a fund in The Bahamas, therefore, providing investors with more profit.

The nature of fund activity has evolved from funds being sold to international clients by private banking institutions with local branches to funds being established in the country, using Bahamian institutions to service them.

The uptrend in mutual fund investment prompted the Government to pass the Mutual Funds Act in 1995, which protects investors by regulating the fund industry through a Securities Board and Administrators that license mutual funds.

Applications for fund licenses must include a prospectus of the fund and provide guarantees to the board that the fund's promoters are reputable. The board's inspector has the authority to examine records of a fund, audit the fund, or act on behalf of investors if their interests are in danger. Confidentiality and privacy are assured by provisions in the new legislation.

Mutual Fund Managers

Atlantic Bank of Commerce Ltd.
P.O. Box N8865
Nassau, N.P., The Bahamas
Tel: 242-326-0740
Fax: 242-325-1272
Mrs. Hilda Knowles
Deputy General Manager

Bank American & Banking Corporation (Bahamas Ltd.)
P.O. Box N
Nassau, N.P., The Bahamas
Tel: 242-393-7411
Fax: 242-393-3030
Mr. Geoffrey B. Stuart
Assistant manager

Chemical Bank & Trust (Bahamas) Ltd.
P.O. Box N-4723
Nassau, N.P., The Bahamas
Tel: 242-322-1003
Fax: 242-326-7339
Mr. Michael Ranson
Senior Trust Officer

CIBC Trust Company (Bahamas) Ltd.
P.O. Box N3933
Nassau, N.P., The Bahamas
Tel: 242-323-3314
Fax: 242-393-4280
Mr. D. Gilbert Cassar
Senior Manager, Trust Department

Coutts & Company (Bahamas) Ltd.
P.O. Box N7788
Nassau, N.P., The Bahamas
Tel: 242-326-0404
Fax: 242-326-6709
Mr. James D. Graham
Manager

Darier Hentsch Private Bank & Trust Ltd.
P.O. Box N4938
Nassau, N.P., The Bahamas
Tel: 242-322-2721
Fax: 242-326-6983
Mrs. Anna Colebrooke
Vice President

Demachy Worms & Co. International
P.O. Box N3918
Nassau, N.P., The Bahamas
Tel: 242-326-0282
Fax: 242-326-5213
Mr. Ronald W. Springle
Financial Controller

Eastland American Bank Ltd.
P.O. Box N4920
Nassau, N.P., The Bahamas
Tel: 242-325-9170
Fax: 242-325-1002
Mr. Tyrone Fowler
manager

Euro-Dutch Trust Co. (Bahamas) Ltd.
P.O. Box N9205
Nassau, N.P., The Bahamas
Tel: 242-325-1033
Fax: 242-323-7918
Mr. Anthony L.M. Inder Rieden
Managing Director

Fidinam Trust Corporation (Bahamas) Ltd.
P.O. Box N9932
Nassau, N.P., The Bahamas
Tel: 242-326-5084
Fax: 242-328-0541
Mr. Cedric B. Moss
Resident Manager

Laurentian Bank & Trust Company Ltd.
P.O. Box N4883
Nassau, N.P., The Bahamas
Tel: 242-326-5935
Fax: 242-326-5871
Mr. E. Andre Doyon
Managing Director

Lloyds Bank International Private Banking
P.O. Box N4843
Nassau, N.P., The Bahamas
Tel: 242-322-8711
Fax: 242-322-8719
Mr. Sam P. Haven
Assistant Manager, Trust Department

Mees Pierson (Bahamas) Ltd.
P.O. Box SS5539
Nassau, N.P., The Bahamas
Tel: 242-393-8777
Fax: 242-393-0582
Mr. Geoffrey Dyson
Managing Director

Morgan Trust Company of The Bahamas
P.O. Box N4899
Nassau, N.P., The Bahamas
Tel: 242-326-5519
Fax: 242-326-5520
Mr. Andrew G. Massie
Managing Director

Rawson Trust Company Ltd.
P.O. Box N4465
Nassau, N.P., The Bahamas
Tel: 242-322-7461
Fax: 242-326-6177
Mrs. B. M. Rolle
Manager, Accounts

Sand Ander Investment Bank Ltd.
P.O. Box N1682
Nassau, N.P., The Bahamas
Tel: 242-322-3588
Fax: 242-322-3585
Mrs. R. L. Symonette
Manager

The Chase Manhattan Private Bank
P.O. Box N1576
Nassau, N.P., The Bahamas
Tel: 242-323-6811
Fax: 242-326-8814
Mrs. Eunice E. Smith Manager, Unit Trust Department

The Citibank Private Bank
P.O. Box N1576
Nassau, N.P., The Bahamas
Tel: 242-323-3521
Fax: 242-325-6147
Mr. David N. Tremblay
Managing Director

The Private Trust Corporation Ltd.
P.O. Box N3242
Nassau, N.P., The Bahamas
Tel: 242-323-8574
Fax: 242-326-8388
Mr. Peter B. Evans
Managing Director

Thorand Trust & Management Ltd.
P.O. Box N3242
Nassau, N.P., The Bahamas
Tel: 242-393-8622
Fax: 242-393-3772
Mr. Robert V. Lotmore
Managing Director

Westpac Bank & Trust (Bahamas) Ltd.
P.O. Box N8332
Nassau, N.P., The Bahamas
Tel: 242-328-8064
Fax: 242-326-0067
Mrs. Jacqueline M. Bain
Managing Director