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Bacardi chief executive officer Ed Shirley is to leave the company after two years in the top job, the Bermuda-based beverage giant announced last night. “Mr Shirley expressed his plans to return to retirement after a successful 36-year career,” Baca...

Ocean Wilsons — a Bermuda-based holding company listed on the Bermuda Stock Exchange (BSX) which runs shipping and port services in Brazil — saw its 2013 operating profit soar by 40 percent to $119 million. That number is a tenth higher than forecast...

Bermuda-based QuoVadis Services and Calligo, two of the most technically advanced and secure offshore cloud service providers, today announced a new partnership to provide innovative cloud-based services located in multiple offshore jurisdictions. Un...

Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation. The deal means Meridian, which has assets under administration of some ...

Forensic accounting specialist KRyS Global is bringing in Mathew Clingerman to take the role of managing director in its Bermuda office. Mr Clingerman, who is replacing Patrick McPhee, will relocate from the firm’s Cayman Islands office, where he hel...

You will hear, from time to time, the assertion that international businesses in Bermuda should be doing more to help us with the challenges that we face as a nation. This thinking is understandable given many of the companies in the IB sector have ...

The Bermuda Business Development Agency (BDA) has added four new positions to strengthen its marketing, communications and event planning capabilities. The new hires are: Shane Mora, director of corporate communications; Yvonne Decosta, marketing man...

Apex Fund Services has launched its three-hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers the world’s fastest portfolio valuation service. The Tzero service will leverage Apex’s real-time portfolio manag...