April 2, 2020
Michael Anderson
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Digital to become 'dominant part' of RF group's plans
A Bahamian-headquartered investment bank's top executive yesterday predicted digital assets will eventually become "a dominant part of our business" as it unveiled its tie-up with a technology provider.
Rebranded bank targets 40% managed asset rise
A Bahamian investment bank is targeting up to 40 percent growth for its assets under management by the mid-2020s as it eyes expansion into territories such as Jamaica "over the next year".
Stop 'dictating' FDI direction, banker warns
The Bahamas must be more willing to open up to foreign direct investment (FDI) in non-traditional areas to have any hope of paying-off rising US dollar debt, a top investment banker is arguing.
$6m investor injection 'biggest in over a year'
A Bahamian investment bank yesterday revealed that investors injected “the biggest monthly sum that we’ve seen for over a year” into its mutual funds immediately upon the easing of COVID-19 restrictions. Michael Anderson, RoyalFidelity Merchant Bank
Restrictions halt bank's $20m in outflow deals
RoyalFidelity’s president yesterday praised the Central Bank for “trying to get ahead” of foreign reserves stress via measures that will curtail $20m in outflows facilitated by the merchant bank last year.Michael Anderson told Tribune Business that t
Bahamians raiding pensions for funds
An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.
$200m in deals ‘slide’ on COVID-19 impact
Deals worth a collective $200m are likely to “slide back” into 2021 due to the fall-out from the COVID-19 pandemic, a prominent Bahamas-based investment banker conceded yesterday.
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