Cheryl Packwood <em>*Photo supplied</em>
Cheryl Packwood *Photo supplied

THURSDAY, MAY 17: The Ministry of Business Development and Tourism and Business Bermuda are leading a trade delegation to prominent international conferences in Asia as well as hosting high level promotions in the region’s two leading financial centers.

The delegation will begin its tour in Singapore. They will engage in meetings with local business leaders before attending the Shorex Wealth Management Forum 2012 on 22 and 23 May. Shorex is Asia's leading event for private bankers, asset managers and advisers to High Net-Worth Individuals (HNWIs). Over 1500 wealth management professionals gather each year to meet their peers and discuss the latest asset management and tax planning strategies for HNWIs. Minister Furbert and Cheryl Packwood will make vital presentations on Bermuda’s strengths as an offshore financial center and the strong and developing business relationship between the two jurisdictions in wealth management.

Minister Furbert and Ms Packwood will then lead their delegation to Hong Kong for the fourth Bermuda Financial Services Conference, Hong Kong, on the 28 May. This will be the last leg of a China road show that saw the Minister and Cheryl Packwood lead business delegations to Shanghai and Beijing earlier in April.

Business Bermuda will meet the Hong Kong Trade and Development Council (HKTDC) for the second year running before holding a media briefing and cocktail reception at the Grand Hyatt Hong Kong. This year Minister Furbert and Ms Packwood will be speaking to the region’s top English language newspaper, the South China Morning Post (SCMP).

Business Bermuda’s 2012 international marketing drive has so far seen the organisation tirelessly host and sponsor events in Shanghai, Beijing, London and Paris.

Commenting on the Singapore and Hong Kong meetings and events, Ms. Packwood said: “Following our successful trip to China earlier this year this is a great opportunity to come back to the region to refresh longstanding relationships with two of the most important international financial centers in Asia. The Asian market, with China at its center, is an incredibly important market for Bermuda and we need to make sure we keep coming back to maintain our relationships with the business communities in Hong Kong and Singapore. Shorex is an excellent platform for Bermuda to reach a broad audience of leading financial professionals in the region. Our financial services receptions in both cities are always well received and an excellent opportunity to meet old and new friends alike.”

She added, “We are very pleased to have been able to come back to Asia. I find the best way to build business relationships here is to come in person and talk to the people on the ground. Our participation in the CCPIT conference in Beijing this year for example began with a meeting in Hong Kong in April 2011. We look forward to discussing the benefits of wealth management and locating in Bermuda with the international business community in these two great cities.”