As a leading expert in the Financial Services Industry, Mr. Martin Litwak was also invited to serve on the Advisory Committee to assist to D. Orlando Smith, OBE, current Premier of the British Virgin Islands. The Advisory Committee comprises senior industry leaders, drawn from government and the private sector.
About Financial Services International Advisory Committee
Over the past twenty years the Virgin Islands has seen sustainable growth in financial services, and currently the financial services industry is the single largest source of recurrent revenue for the Territory. This growth has allowed the Virgin Islands to achieve a high level of economic stability and has enabled the Territory to establish itself as a global leader amongst International Finance Centres.
The future of the industry however has come under threat as a result of, among other things, global innovation and competition as well as global regulatory and other changes.
With this in mind, the Financial Services International Advisory Committee will review and make recommendations for improvements to the current business model and to identify areas to diversify the industry and identifies issues relevant to the development of new areas of business.