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An Andorra-based bank which set up a full service private banking arm in Nassau last year has doubled its employees in the past 12 months as it looks to "differentiate" itself from the competition.
Andbank is headquartered in Andorra and owned by the third generation of two families. In 2001 it obtained a banking license in The Bahamas.
Moving into One Montague Place on East Bay Street last year, the bank has now developed into a "full service" operation, and attracted new professionals to join its team, including new joiners Juan Iglesias (CEO of Andbank Bahamas), Daniel-Marc Brunner (Head of Private Banking), Werner Gruner (Private Banking Director), Wendell Gardiner (Head of Compliance) and Amanda Smith (Associate Manager) - all of them coming from leading private banking firms.
In a release issued by the company, it said that The Bahamas is an international financial center which provides a solid political, economic and regulatory environment offering the ideal platform for their international clientele.
The company was founded over 80 years ago in 1930 with the vision of establishing social and economic success in Andorra by driving endeavors in business, culture and sports during a worldwide economic depression. Today Manuel Cerqueda, one of its two owners, is looking to expand that vision to The Bahamas.
"Once more in a difficult economic global environment, Andbank has taken a different step than most other banks and doubled the number of staff in The Bahamas following its path in history in believing to make a difference despite difficult times," stated Andbank (Bahamas).
Cerqueda said he believes that it is good to have competition: "It forces you to always be alert and improve your day-to-day offering and customer service.
"We believe that our business model differentiates us as it allows us to offer a wide range of solutions to the customer, regardless of the jurisdiction in question or the depository or bank with which they want to operate. We operate more quickly, adapting to changes in the environment and taking advantage of opportunities that present themselves."
Andbank recently co-sponsored through the Starlight Global Foundation and its founder Werner Gruner an exclusive event called "A Night of Inspiration." In this regard, the company said it was demonstrating its belief in the motto "only talent performs", by promoting international and local personalities from various sectors that have been an inspiration to others.
Bank of The Bahamas Trust and Private Banking will host an information-packed breakfast September 13 to discuss a host of financial services including private banking rights and benefits, pension fund arrangements and standard trusts as well as those specially created for the Bahamian corporate and individual market.
Nassau, New Providence - Bank of The Bahamas Trust and Private Banking will host an information-packed breakfast September 13 to discuss a host of financial
services including private banking rights and benefits, pension fund
arrangements and standard trusts as well as those specially created for
the Bahamian corporate and individual market.
With next year's one to two-and-a-half percent economic growth forecast for The Bahamas, Scotiabank (Bahamas) Limited is gearing up for a competitive 2012 with increased wealth management services in its plans for meeting shareholder expectations.
Nassau, Bahamas -
Patrick Thomson, President and Italia Watkins-Jan, Vice-President
/Administrator of the Nassau Music Society, accompanied by Alexandre
DaCosta, world renowned violinist, and Wonny Song, piano virtuoso, paid a
courtesy call on Mr. Dominique Lefèvre, Managing Director of Société
Générale Private Banking (Bahamas) Ltd on Thursday, March 31, 2011.
Mr. Lefèvre and his company are the leading sponsor of the Nassau Music Sociéty and have supported the organisation in its efforts to bring top-quality,
international classical musicians to The Bahamas for many years...
By BRENT STUBBS
Senior Sports Reporter
THE British won the Bahamas IC Tennis Week Doubles Tournament on Friday at Superclubs Breezes.
In a battle of two undefeated teams, Great Britain prevailed with a hard fought 3-2 decision in their five-game series over Austria to cart off the prestigious SC Private Banking title.
In identical fashion, Mexico knocked off the Bahamas to clinch third place; Belgium blanked Germany 5-0 for fifth and the United States won seventh place over Bermuda as the week-long tournament came to a close.
In their showdown, the team of Niall Sweeney and Diane Hill secured the win for Great Britian when they pulled off their mixed doubles wi ...