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Premier to lead Bermuda team at Davos

A team from Bermuda, led by David Burt, is travelling to Switzerland this week to hold meetings and participate in discussions alongside the World Economic Forum in Davos.

The Premier's three-day itinerary includes an interactive round table he will chair on Tuesday, titled “Innovative States”. The hourlong session will see international participants invited from Singapore, China, Dubai, Estonia and Luxembourg discussing Know Your Customer and anti-money laundering initiatives, digital identity, and beneficial ownership trends in the context of the Bermuda Standard.

The round table will be followed by a more informal session titled “The Bermuda Advantage”, in which participants can learn more about the island as a top-tier financial centre.

Both events are hosted by Bermudian-based Hub Culture, a global organisation that brings together thought-leaders, decision-makers and corporate influencers. For the twelfth consecutive year, Hub Culture has a pavilion in Davos, sponsored by corporate partners including Johnson & Johnson, Blackbaud, Guggenheim Partners, MasterCard, and Palo Alto Networks.

The Bermuda delegation will also be spending time with businessman Aron Dutta who is facilitating a number of meetings with leaders of blue-chip technology companies and innovators with potential interest in doing business in or with Bermuda.

“The meetings and discussions I will participate in are happening at the same time the World Economic Forum takes place in Davos-Klosters,” said Mr Burt.

“This is an opportunity to have talks with country leaders, industry captains and global entrepreneurs to highlight Bermuda's international advantages and business-friendly regulatory environment. We will also learn about new technologies and explore how we can scale our operations to welcome companies that need a virtual presence in a location like Bermuda.”

Stan Stalnaker, founding director and chief strategy officer of Hub Culture and ven currency said: “We are pleased to invite Bermuda to be front and centre on the concept of ‘innovative states' because there is a very timely opportunity for smaller jurisdictions to reinvent themselves for a global digital economy. Davos is important, because it's a place where people come to set the agenda on what's going to happen next. Participants want to learn what the next milestones are, to work towards the future and activate business. If you're not here, you're not part of that conversation.”

Mr Burt will be accompanied by Wayne Caines, the Minister of National Security, and Sean Moran, head of business development for the Bermuda Business Development Agency.

Mr Moran said: “The meetings we'll participate in with senior officials and business executives will span a broad range of subjects, from disruptive technologies and environmental issues, to job-growth strategies.

“These are all important issues for Bermuda, and I look forward to not only talking about opportunities available in our jurisdiction, but also learning what is happening in other countries. As a team, we should be able to gain valuable perspective, and come away with ideas we can leverage to strengthen Bermuda's offering as a world-class domicile.”

The round-table discussion, chaired by Mr Burt can be viewed on Facebook Live at facebook.com/BermudaGovernment on Tuesday at 9.30am Bermuda time.

Talking business: the Hub Culture pavilion in Davos, Switzerland, where a delegation from Bermuda will conduct meetings and participate in discussions. Davos hosts the World Economic Forum this week

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Published January 21, 2018 at 7:29 pm (Updated January 21, 2018 at 8:41 pm)

Premier to lead Bermuda team at Davos

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