© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Bermuda: Poised for Economic Recovery
Posted 7th October 2015

Bermuda: Poised for Economic Recovery

Oyster Consulting provides comprehensive and cost-effective compliance and operational consulting to the financial services industry.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Bermuda: Poised for Economic Recovery

Bermuda: Poised for Economic Recovery

Image

Oyster Consulting provides comprehensive and cost-effective compliance and operational consulting to the financial services industry. Our team of industry professionals brings highly-integrated knowledge and deep functional expertise, designed to help our clients protect and grow their business. We offer practical solutions, creating much-needed simplicity in a complex environment.

Headquartered in Richmond, Virginia, Oyster comprises a team of over 50 industry professionals and offers a unique service to our clients through our ability to combine expertise in Bermuda, the US and Europe.

Bermuda, as a jurisdiction, is constantly looking for ways to improve and enhance its product offerings across all industry sectors. This has been particularly evident in the asset management arena, where we have seen significant growth and a renewed interest in domiciling funds on the island. This success has been due largely to extensive collaboration between the asset management sector, the Bermuda Development Agency (“BDA”) and our Government and Regulator, the Bermuda Monetary Authority (“BMA”).

Our Insurance-linked Securities (“ILS”) sector continues to grow and thrive and by the end of 2014, Bermuda represented 57% of the total global ILS sector.

Ongoing collaboration between all industry sectors, the BDA, Government and the BMA are key to sustaining strong economic growth over the coming years. Ensuring firms overseas understand that Bermuda is a first class place to do business encourages new companies to come to the island and hosting key conferences on the island also allows us to showcase Bermuda and all that we can provide in terms of infrastructure, sophistication and intellectual capital.

Oyster opened for business in March of 2012. Starting a new company at that time definitely presented a number of stern challenges: however, for me this also presented a huge opportunity to build something from the ground up and to provide a unique service to companies looking for a compliance partner to help them focus on growing their business.

My advice to any business facing similar challenges would be to listen to your clients, really work to understand their needs and adapt to meet those needs. We make sure that we customise our projects and engagements in ways that best meet our clients’ requirements.

Oyster has grown significantly since its inception and our growth is accelerating. Our biggest challenge is to make sure new businesses understand how we can help them start, run, grow and protect their organisation and we are keenly focused on keeping our service levels as high as possible as we continue to grow and develop our own business.
In any company, it is important to provide a high standard of service on time and within budget. In the consultancy field, this is particularly critical because, at the end of the day, the firm’s reputation is its most important asset. This is just one of the many reasons why, at Oyster, we believe in creating deep, meaningful relationships with our clients and why we approach every single engagement with the same high standards of product delivery and client satisfaction. All of our projects and engagements are carefully tailored to ensure that we deliver exactly what the client is looking for and we endeavour to provide ongoing compliance support. Of course, there is also always the option to change the level of support as the relationship progresses.

In any company, the tone from the top drives the culture. We understand that we must bring value to our clients and that service standards are a key part of that process. The majority of Oyster’s senior management team bring with them decades of industry experience, having served as counsel and in many senior level positions within the financial services sector.

Regular communications and weekly meetings allow everyone to stay connected wherever they are in the world and keep up to date with the ever-changing regulatory environment. Staying ahead of all regulatory developments allows us to ensure that our clients benefit from our knowledge and expertise and are able to better manage their own business.

Oyster was founded on the belief that experienced industry practitioners add more value than career consultants and we also believe that the best financial services organisations make decisions with the input of the strategic leaders, sales, operations, trading, technology, finance, compliance, risk and legal groups. Oyster consultants have worked as leaders in these groups and bring highly integrated industry knowledge and in-depth expertise. You may only work with one consultant, but you get access to all of Oyster’s resources when you work with us.
Oyster continues to build and grow and we are always looking for experienced and talented individuals to join our team. Due to the constantly evolving regulatory environment, companies in Bermuda often struggle to keep up with new legislation and how it might impact their operations. Oyster provides the support that they need to be able to focus on growing their business free from these concerns.

Categories: Finance, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Erste Group Advises Mid Europa Partners acquisition of Regina Maria from Advent International
Finance
06/08/2015Erste Group Advises Mid Europa Partners acquisition of Regina Maria from Advent International

Erste Group Advises Mid Europa Partners acquisition of Regina Maria from Advent International

Read Full PostRead - Eye Icon
How to Maximise Business Opportunities with AI and Automation
Innovation
24/05/2023How to Maximise Business Opportunities with AI and Automation

Whether it be for operational heavy lifting or data management and analysis, AI and automation tools have the power to transform UK businesses.

Read Full PostRead - Eye Icon
Driving Excellence in IT Law
Legal
19/01/2018Driving Excellence in IT Law

MORGENSTERN is a German law firm which is specialising in information technology law and data protection.

Read Full PostRead - Eye Icon
Things to Consider While Choosing a Business Broker
News
15/03/2022Things to Consider While Choosing a Business Broker

Selling your business is a once in a blue moon opportunity you cannot miss, and finding the appropriate business broker is critical to a smooth transaction. In most cases, a high-priced sale of one’s small business is a long-time goal for many business owner

Read Full PostRead - Eye Icon
How This Business Uses AI to Understand Its Customer Base
Innovation
07/11/2023How This Business Uses AI to Understand Its Customer Base

According to Forbes, more than nine in ten (97%) business owners believe ChatGPT will help their business.

Read Full PostRead - Eye Icon
Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year
Finance
16/04/2015Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year

64% of UK companies have reported higher or much higher revenues than a year ago, in a new survey commissioned by American Express.

Read Full PostRead - Eye Icon
Stylish Café Is Home To Tempting Treats
News
26/03/2021Stylish Café Is Home To Tempting Treats

A small café that has made itself a thriving part of a vibrant local ecosystem, Temptations is a community favourite for both its menu and its attitude. We unearth the luxury of this local watering hole that has earned the title of Most Outstanding Café, 202

Read Full PostRead - Eye Icon
Cybersecurity Awareness 101: How To Educate Your Employees To Stay Safe
News
18/11/2022Cybersecurity Awareness 101: How To Educate Your Employees To Stay Safe

Cybersecurity is becoming a critical issue globally, given the heavy Internet usage for businesses. Hackers find it easy to crack into your system and acquire sensitive information. In fact, during the second quarter of 2022, there were approximately 52 millio

Read Full PostRead - Eye Icon
Canadian Company Create Collaborative Culture
Innovation
21/02/2020Canadian Company Create Collaborative Culture

At a time where digitalisation is almost inevitable, companies need to make sure that they partner with a digital consultancy firm that truly knows what they are doing. TechBlocks, Inc. is a software consulting and product engineering company that delivers ent



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow