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Furbert speaks to Singapore executives

Spreading the word: Business Development Minister Wayne Furbert (left), Business Bermuda CEO Cheryl Packwood (second from right) and Apex Fund Services CEO Peter Hughes (far right) were among the Bermuda delegation in Singapore

Asia is getting a taste of Bermuda this week as the Ministry of Business Development and Tourism and Business Bermuda are in the middle of a trade delegation to Singapore and Hong Kong.Stopping in two of Asia’s leading financial centres, the delegation completed the Singapore stage having attended the Shorex Wealth Management Forum 2012 on May 22-23 where Business Bermuda was a sponsor.Wayne Furbert, Minister of Business Development and Tourism, and Cheryl Packwood, CEO of Business Bermuda, both presented at the conference. On May 24, Minister Furbert and Cheryl Packwood, together with Peter Hughes, president and CEO of Apex Fund Services, gave presentations at the Fourth Annual Bermuda Financial Services Reception Singapore held at the iconic Singapore Cricket Club.“This year’s reception was probably our best event ever worldwide. Minister Furbert and I presented to over 150 people, all of whom were key decision makers,” said Ms Packwood after the Singapore reception.During her presentation, Ms Packwood highlighted that Bermuda and Singapore both have vital roles to play in the new global economy.“Bermuda is a gateway between the US and the UK, Europe and Asia,” she said. “Singapore is one of Asia’s leading financial centres. The relationship between the world’s two major powers, America and China, will affect businesses everywhere. Bermuda and Singapore have an increasingly important role to play in this relationship.”Minister Furbert added: “I fell in love with Singapore and all its potential for the world and Bermuda. I was very impressed with the regulations, cleanliness, and extraordinary and forward thinking development of this jurisdiction.”During the standing-room only reception, Minister Furbert presented on the theme Bermuda: Ready to Soar. The Minister also raffled three round-trip tickets to Bermuda for three finance executives from Red Cliffs Capital Florent, Wealth-X, and JBS Investments.Minister Furbert and Ms Packwood continue their Asia tour in Hong Kong for the Bermuda Financial Services Reception where they presented to more than 100 business leaders at the Grand Hyatt Hong Kong. They will also speak to some of Hong Kong’s top media outlets including the South China Morning Post and the Hong Kong Economic Times.Commenting on the Asia tour so far, Ms Packwood said: “We are delighted to have enjoyed such a warm welcome in Singapore. It is important for Bermuda to be here in Asia’s leading financial centres to ensure financial service professionals and business leaders in the region are aware of the benefits Bermuda has to offer in this competitive market.”This will be the final stage in an extended Asian tour which has seen Business Bermuda lead delegations to Shanghai and Beijing for the first time before returning to Singapore and Hong Kong.