COMMERCIAL BANKS MAY BE DRIVING CLIENTS TO PRIVATE INVESTMENT FIRMS

A local investment bureau has seen a rise in subscribers after the decision by commercial banks to reduce interest on personal savings accounts…

Vice President and Country Head of Royal Fidelity Merchant Bank and Trust, Jillian Nunes spoke with BajanReporter.com at Needhams Point on a sidebar when her group held a forum at Hilton Barbados.

Ms Nunes says the change in financial habits has been noticeable for the last 24 months; –

Meanwhile Royal Fidelity has not actively sought an audience with the Mia Mottley Government on restoring incentives for Registered Retirement Savings Plans but would welcome such an initiative, especially where it concerns younger Barbadians; –

The seminar featured Lucy Yan of Morgan Stanley Wealth Management and Nathalie Marshik – Managing Director of Oppenheimer, each examining different aspects of ‘Investing In Uncertain Times.’

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