BVI Finance held its 2nd Annual General Meeting (AGM) on Wednesday 14th February, 2017. Acting Chairman of the Board Robert Briant of Conyers Dill and Pearman, called the meeting to order and gave a brief summary of the Chairman's Report of 2017, with the full report subsequently distributed to Members following the meeting.
Elections were also held for two new board members, to replace Jonathan Bailey of Nerine and Héléne Anne Lewis of Simonette Lewis. Four persons were nominated from the floor and although the votes were all close, the victors of the election were Jerome Rubin-Delanchy, TEP, and Michael Killourhy. Both will serve for a term of one year.
Rubin-Delanchy is the Deputy Managing Director of ATU General Trust. Prior to moving to the BVI to join ATU in 2010, Rubin worked as a Wealth Planner in Geneva, assisting High Net Worth individuals in structuring their cross-border transactions and implementing their succession plans. Jerome has been actively involved in the BVI Financial Industry. He acted as Chair of the Association of Registered Agents from 2012 to 2015 and sat on a number of industry groups such as the Financial Services Business Development Committee and is currently a member of the Joint Anti-Money Laundering and Terrorist Financing Advisory Committee (JALTFAC).
Killourhy is a Partner at Ogier BVI and advises on a broad range of corporate transactional matters, with particular emphasis on capital markets work (both equity and debt), mergers and acquisitions and complex corporate restructuring. Having joined Ogier in January 2012 after ten years in the Corporate and Securities Group of Sidley Austin LLP's London Office, Killourhy quickly established himself as a key member of the firm’s BVI Practice. He is recommended by Chambers and IFLR while Legal 500 cites him as an 'excellent deal counsel, who knows BVI corporate law inside-out and gives pragmatic, commercially-orientated advice'.
Commenting, BVI Finance Interim Executive Director Lorna Smith, O.B.E., said, “ I’d like to express my deep gratitude to Héléne and Jonathan who have contributed significantly to the work of BVI Finance in its first year as a public/private entity and although they won’t be sitting on the Board anymore, we look forward to continue to working with them both as members of BVI Finance.”
“I welcome Jerome and Michael to the Board of Directors and am confident that their expertise and experience of the financial services industry will strengthen BVI Finance’s ability to continue its engagement with key stakeholders both locally and internationally thereby retaining the jurisdiction’s competiveness as a leading international business and finance centre.”