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Wendy Warren well-schooled for BFSB post

WELCOME BAHAMAS - NASSAU, CABLE BEACH & PARADISE ISLAND - 2004

Wendy Warren well-schooled for BFSB post

CEO & Executive Director of the Bahamas Financial Services Board (BFSB)

In The Bahamas' financial services industry, few people are as high profile as Wendy Warren.

Warren is CEO and executive director of the Bahamas Financial Services Board (BFSB), a joint venture between the private sector and the government. The organization is devoted to increasing the quantity and quality of financial services in the jurisdiction.

Warren has a Rolodex as full as any Hollywood press agent's. When not in her Nassau office, she's usually attending meetings, hosting conferences, fielding media queries, and/or travelling outside the islands to promote The Bahamas as "the jurisdiction of choice" for investors.

Along with Minister of Financial Services and Investments Allyson Maynard Gibson, Warren is charged with presenting the case for the financial services industry as a responsible one, offering commercial advantages to the world.

Warren's ability to know what makes the financial services sector tick stems from years of being a top-flight student and business executive. Born in Nassau, she studied computer science and accountancy at College of The Bahamas. Deciding to pursue a career in accounting, Warren was able to attend a university, thanks to two scholarships - one from KPMG, a major accounting firm, and the other from the Canadian Lyford Cay Foundation.

She opted for the University of Waterloo in Waterloo, Ontario, Canada. "It continues to have some of the best results in Canada in the field of accountancy," she says of the school, adding, "it's also significantly less expensive than a US college."

Warren's first full-time job after earning her bachelor's degree was with the Toronto office of KPMG, a position arranged by KPMG's Nassau office. As a senior auditor, she transferred to KPMG Nassau and remained there for two years. She then became actively involved with the private banking and investment funds business at MeesPierson (Bahamas) Ltd Fund Services and was co-founder of Cardinal International Fund Services Ltd. At Cardinal she served as a director, principally involved with investment funds. In addition, she is a former director of the Bahamas Electricity Corporation.

The BFSB was formed in 1998 and Warren served on its Board of Directors from 1998 to 2000. When her term expired, she was later appointed to her current position as CEO and executive director on February 1, 2001.

Warren and her colleagues are reassuring the international community that The Bahamas continues to offer personal privacy and a safe haven for their assets.

Says Warren, "I think we are perceived as a credible centre, a serious contender, in fact one of the most complete centres around. But we still have work to do," she says.

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