Harneys is pleased to announce the election of Chairman Peter Tarn to the Board of Directors of BVI Finance Limited, a public-private partnership formed in January 2017 to drive the BVI’s ongoing growth as a leading international financial centre.
Peter is one of nine industry representatives elected to serve on BVI Finance Limited’s first Board. In this capacity, he will work to strengthen relationships with clients, intermediaries and regulators; align marketing and business development activities with the jurisdiction’s strategic priorities; encourage industry growth; and build on the considerable capabilities within the jurisdiction, which has long been regarded as one of the world’s leading international financial centres due to its innovative, flexible company law.
BVI Finance Limited replaces BVI Finance, a BVI Government department previously responsible for marketing the jurisdiction. By transitioning to a public-private partnership structure, BVI Finance Limited aims to forge stronger ties between the BVI Government and its private sector, and enable greater collaboration between two. Peter will have a visible presence working with the jurisdiction’s leaders when he relocates to the BVI in February 2017 from Harneys’ London office, which has steadily expanded in recent years to become a major force in the market.
Commenting on his election to the Board, Peter said: “I am pleased to support this new partnership, which allows us to work more closely with the Government to promote the BVI as an internationally competitive financial centre and global leader in innovative financial services products. It is a great milestone in the BVI’s journey and builds on BVI Finance’s considerable momentum to date in marketing the jurisdiction.”
BVI Finance was originally formed in 2002 as BVI IFC and rebranded to BVI Finance in 2014. BVI Finance transitioned to a private company, BVI Finance Limited, on 2 January 2017. For more information about BVI Finance Limited please visit http://www.bvi.gov.vg/media-centre/bvi-finance-becomes-bvi-finance-ltd.
Harneys is the largest and longest established law firm in the BVI and the largest professional services employer on the island. The firm has been at the forefront of the island’s development into a leading international financial services centre, and fields a leading team of litigation, private client, funds, corporate and finance lawyers within the BVI and across the firm’s global network of offices.