A trio of first-time conferences is set to attract hundreds of high-spending delegates to Bermuda, the Bermuda Development Agency (BDA) has revealed.

It is hoped that the conferences will boost the Island’s reputation as a business base hot spot among the influential delegates.

Bermuda will play host to two conferences in April and one in June, attracting key players in a range of financial services, after the BDA worked to sign them.

The Island will see the Regulatory Compliance Association (RCA) 2015 symposium next month, which is expected to attract at least 400 alternative investment and asset management executives.

The Transcontinental Trusts’ Bermuda Forum a few days later will bring a further 150 delegates and speakers from the trust and private clients industry.

Sean Moran, BDA business development manager for the asset management and trust and private client sectors, said: “Both these prestigious events will showcase Bermuda as a centre of excellence in these two important industry sectors and provide opportunities for our local participants to network and build relationships.

“We’re also excited about the positive financial benefits of these events to our economy, from the immediate revenue boost for hotels, restaurants, taxi operators and merchants to the longer-term impact of future business that comes to Bermuda as a result of us being the host country.”

The Global Fund Forum in June will bring together hedge fund managers and wealthy investors for panels, workshops and one-on-one meetings.

The forum, founded last year and organised by hedge fund marketing body Hedge Connection, held its inaugural event in Atlantic City.

Hedge Connection CEO Lisa Vioni said: “We chose Bermuda for our second event because it has historically been a centre of business for the hedge fund industry.

“In addition, Bermuda is less than two hours from New York City and one of the most beautiful places on earth.

“The Global Fund Forum attendees want a venue that complements their business needs as well as offering a beautiful destination.”

BDA conferences and events manager Nicola Conrad Morrison said the business-boosting agency had lobbied hard for the two April events and provided on-Island support for both, as well as acting as key sponsors and seeking additional sponsorship.

She added: “The BDA is actively looking at other top international conferences.

“These established events, bringing influential delegates, have a huge benefit — not only for the Island’s business community, but also for our hospitality industry. We’re working to attract more of these types of events to the Island.”

The RCA Symposium will feature Premier Michael Dunkley and Economic Development Minister Grant Dr Grant Gibbons as speakers, as well as the Bermuda Monetary Authority’s Shelby Weldon and Island lawyers and fund management experts.

The Transcontinental Trusts’ forum will include a joint welcome speech by Mr Dunkley and BDA CEO Ross Webber, and also feature Chief Justice Ian Kawaley and “at least ten” experts from Bermuda trust and law firms.