Business Bermuda CEO Cheryl Packwood has been named as an Industry Leader in the MENA Fund Manager Magazine Service Provider Power 50.The MENA Fund Management Power 50 of 2012 pays tribute to the service providers of the fund industry who have weathered launch delays, fund closures, market volatility and company restructures over the course of one of MENA’s toughest years.“I am delighted to have been named as an Industry Leader in the MENA Fund Management Power 50,” Ms Packwood said.“Bermuda focused on building strong ties within the MENA region in recent years, attending and hosting conferences, signing a Double Taxation Agreement with the Kingdom of Bahrain. Bermuda has historically been renowned internationally for its world class standards of regulation, something which has stood us in great stead in our ambition to become the Western hub for Islamic Finance.”.The companies and individuals named in this list have been singled out for making their mark on the industry and keeping a competitive edge throughout — expanding their businesses and exploring new niches in their behind-the-scenes efforts to support and develop the industry.“Packwood is one of the most recognisable offshore representatives, promoting Bermuda as a domicile at home and abroad. With a visible presence at conferences and events, and associations with respected Mena firms such as Conyers Dill & Pearman, she has blazed a trail for other domiciles looking to expand their international business,” MENA Fund Management said.Other representatives of Business Bermuda were nominated in the MENA Fund Management Service Provider Power 50. Fawaz Elmaki, director at Conyers Dill & Pearman and Nicolas Angio, managing director of Apex Fund Services were also named as Industry Leaders and ones to watch.