Archive for the ‘BVI Company management’ Category

Bank of Asia (BVI) Limited appointed new President

Tuesday, March 19th, 2019

Bank of Asia (BVI) Limited, the first digital bank in the BVI and one of the first fully digital cross-border banks in the world, announced the appointment of senior banker Dr. Peter Reichenstein as President. He replaces Bank’s former Interim President Wayne Yang who has returned to Hong Kong to his post of Managing Director and Head of Wealth Management at BOA Financial Group. The appointment of the new President is effective 15 March 2019.

Dr. Peter Reichenstein will be based in Tortola, BVI, and will work with Carson Wen, Founder and Chairman of Bank of Asia, and the Board to execute the Bank’s strategy in providing core banking services to offshore companies, trusts and high net worth individuals.

For over 10 years Dr. Reichenstein was Managing Director and Chief Executive Officer at VP Bank and Trust Company (BVI) Limited; prior to this he worked at UBS Private Bank, Financial Planning & Wealth Management International. He is also a former President of the BVI Bankers’ Association and member of the Economic Advisory Committee to the Premier and Minister of Finance in the BVI. Originally from Switzerland, he has been domiciled and has been working in the British Virgin Islands since 2000.

Atlas Mara Limited changes its chairman

Friday, October 14th, 2016

Atlas Mara Limited, the financial services group working in sub-Saharan region of Africa, and domiciled in the British Virgin Islands, announced that its current chairman Arnold Ekpe will resign from his post on December 1, with the end of his current three-year term. In this post he will be followed by Bob Diamond, former chief executive of Barclays, who will become an interim chairman in Atlas Mara Limited in which he has a major interest. Diamond is the co-founder and non-executive director of Atlas Mara Limited.

Rachel Robbins, senior independent director of the financial company, said in the comments on the new appointment: “It is the board’s intention that Bob will serve as chairman for a limited period while we transition to a new independent chairman,”

BVI company appointed Chief Financial Officer and Director

Saturday, February 8th, 2014

Xcite Energy Limited, the BVI company engaged in oil exploration and development of oil resources in the North Sea, this week announced the appointment of Chief Financial Officer and Director. Andrew Fairclough has been appointed CFO and Director of the BVI company with immediate effect.

Andrew Fairclough joined Xcite Energy Resources Limited (the wholly owned subsidiary of Xcite Energy Limited) in August 2012 as Corporate Affair Director for the Xcite Energy Group. Prior to that, he had 17 years’ experience in investment banking and corporate finance, and a close working relationship with Xcite Energy for nearly five years. He has a beneficial interest in 15,000 ordinary shares of Xcite Energy.

Rupert Cole, CEO of Xcite Energy, commented on this appointment:

“I am very pleased that Andrew has taken up the position of CFO. He has played an active role in the Company since joining us in 2012 and his appointment further strengthens the Board at this important time.”

BVI telecommunications company announces changes to strengthen its market positions

Saturday, June 8th, 2013

CCT Global Communications, a telecoms operator incorporated in the British Virgin Islands, sent termination letters to a number of employees, as confirmed by company official. However, the number of positions cut was not disclosed.

This changes have been done as part of reorganisation programme of the company, with the purpose to strengthen its prospects in the market. Margaret Penn, who chairs the board of directors of CCT Global Communications, said that the BVI company also plans to introduce improvements to its services and networks.

CCT had been a monopolist on mobile phone services market in the BVI prior to the introduction of the 2006 Telecommunications Act. In the last years, it faced market share decline because of aggressive competition from Caribbean regional companies Digicel and LIME, which is owned by UK-based Cable & Wireless Communications (CWC). Digicel, for example, launched in 2008 commercial GSM services in the British Virgin Islands.