Philip J Pierre, The Prime Minister of Saint Lucia termed the launch of BOSL’s ( Bank of Saint Lucia ) Global Investment Fund as historic. The launch of the Global Investment Fund marks BOSL’s entry into the mutual fund space.
PM Philip J Pierre thanked the executives of Saint Lucia’s fund management company for inviting him to address the participants. According to PM Pierre who spoke on the occasion the timing of the launch of the Global Investment Fund is ideal for adding value to the local economy of the country.
BOSL’s chairman of the board of directors Everistus Jn. Marie Underscored that the Bank has made tremendous growth in past years and grown into a $3 billion Financial Institution. He also added that the addition of the Global Investment fund will further enhance the growth of the bank’s turnover in the coming year.
Meanwhile PM Pieree also took to his social media handles and posted on Facebook that “ The launch of the Bank of Saint Lucia Global Investment Fund will drive efficiency, spur innovation, lower transaction costs, and provide increased investment options to the citizens of country. The BOSL is known for excellence and we are very hopefull that those standards will be maintained in future as well”.
“The Government of Saint Lucia is exceedingly pleased with the Bank of Saint Lucia’s entry into the mutual fund space . As a government we always wants to create the enabling environment for a financial sector of country that is globally competitive, well-regulated, diversified, market-driven, and responsive to our local realities and challenges. I have no doubt that the Bank of Saint Lucia’s Fund Management Company aligns very well with this vision” PM added.
The social media user also appreciated the launch of the Global Investment fund. Some users wrote some suggestions in the comment box. One user Duky Blonde, commented, “PM should tell Bank of St.lucia to stop giving St.lucians living abroad a hard time to open an Account in our country where we are citizens. Our money is legal”.
