Bermuda’s asset management industry will be featured in a special webcast for executives from asset management firms as well as law and graduate students and governmental authorities that are members of the Regulatory Compliance Association (RCA). The session is sponsored by the Bermuda Business Development Association (BDA) which is an endowing member of the RCA.

Neil Glass, leader, BDA Asset Management Group, summarises what Bermuda has done to be in the spotlight: “Bermuda serves as a great case study on how a jurisdiction can keep up with modern legislation based on the needs of the ever-evolving funds industry. Over the last year, our group has consulted extensively with key international stakeholders in order to determine what changes the market would like to see in Bermuda’s fund product. It’s clear that having viable options when choosing an offshore jurisdiction is good for our industry and the investors we serve.

“The seminar will discuss resultant changes to our Investment Funds Act, compare our revised product to those of other jurisdictions, and explain Bermuda’s approach to FATCA and AIFMD. This case study truly shows how well the BDA, Bermuda Government, the Bermuda Monetary Authority and Industry can work collaboratively to effect positive change. Bermuda’s comeback story is impressive and we are honoured that the RCA sees it as a story worthy of being shared as part of their professional development and graduate level education programmes.”

RCA chairman Walter Zebrowski will be the session chairman accompanied by Jack Rigney, Partner, Seward & Kissel New York and guest speakers including Elizabeth Denman, director, Conyers Dill & Pearman Ltd; Greg Wojciechowski, CEO, Bermuda Stock Exchange; Jessel Mendes, partner, EY (Bermuda); Neil Glass, WW Management Ltd, BDA Asset Management Group Leader; Rod White, regional CEO, Equinoxe; Sarah Demerling, partner, Appleby (Bermuda) Ltd; Shelby Weldon, director, Licensing and Authorisations, Bermuda Monetary Authority.

BDA CEO Ross Webber said: “I strongly encourage anyone who is serious about making intelligent and informed jurisdictional choices to register for the webcast by going to the ‘Practice Edge’ page on the RCA website, www.rcaonline.org.

“Our asset management industry is poised for growth and having industry professionals — in Bermuda and abroad — aware of, and prepared for, the opportunities available to them is important.”

The free webcast starts at 1pm on Wednesday, July 23, via the RCA website. Advance registration is required and anyone interested in learning more about these important developments in Bermuda’s funds industry is encouraged to view the webcast.