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Sterling Global Financial Launches Sterling Bank & Trust

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Nassau, Bahamas – May 26, 2016 – Bahamas-based Sterling Global Financial, an integrated banking and financial services provider with more than US$9 billion in assets under administration and operations in The Bahamas and Cayman Islands, today announced the launch of Sterling Bank & Trust.

News of the latest bank to bolster the Bahamas financial services portfolio was made at a press conference in Nassau by Sterling Global Financial Chairman David Kosoy and welcomed by two prominent members of The Bahamas Cabinet, Minister for Investments Khaalis Rolle and Minister for Financial Services Hope Strachan.

“As the world of financial services continues to evolve, Sterling Global continues to strategically grow our range of services from providing trust and investment vehicles, something the original company did more than 40 years ago, to today adding full private banking capability to meet the needs of a highly sophisticated client base,” said Mr. Kosoy.

Sterling’s clients number over 1,500. They invest through one or more of its several funds, including the award-winning New Providence Income Fund (NPIF). In 2015, NPIF reported an overall return of 13.8% and earned the highest secure fund ranking on the Sharpe Index two years running. Earlier this year NPIF was honoured as Best Fixed Income Mortgage Backed Fund (Since Inception) by AI Barclay Hedge Fund awards.

“The new world of financial services is a far more transparent space than it once was,” Mr. Kosoy said. “High net worth individuals or trusted institutional investors are no longer seeking the secrecy they once did. The rules have changed. They want to know their investment is secure and the companies acting on their behalf are doing so with efficiency, attention to detail, understand the market and are quick to respond. In other words, today’s success story is all about service – speed, savvy, security.”

Sterling Financial Global capitalizes carefully selected real estate projects with debt and equity lending. NPIF funding has supported development of more than $300 million in high-end residential and resort projects in The Bahamas, including luxury villas on Paradise Island, resorts in Abaco and Eleuthera and renovations of a multi-storey hotel opposite Nassau Harbour at Bay and Nassau Streets in downtown Nassau. It is also funding THIRTY/SIX, the first new luxury condo project on Paradise Island in a decade. With ground set to be broken soon, THIRTY/SIX is more than 50% sold.

Earlier this month, Sterling Global Financial unveiled its new website, http://www.sterlinggloballtd.com/, featuring a corporate section focused on information and news about the company’s services as well as background on the firm’s well-appointed board of directors, including Mr. Kosoy, President and COO Stephen Tiller, former president of BMO Nesbitt Burns Real Estate Inc. in Canada; and, Mike Harris, the former Premier of Ontario.

The site features a client portal where investors can manage banking, documents and fiduciary services securely online from any device.

“The new banking capability, like the new website, reflects the high ethical standards and client-centric services inherent to Sterling Global,” Kosoy said. “We constantly strive to create a comfort level for our investors, marrying the best of convenience with the highest level of security. As the world of financial services looks to the future, there will be more client-facing portals that enable presentation of information and financial strategies, including any potential risk, in a clear and relatable way online. Sterling is proud to be at the forefront of this type of information sharing and practical application for our clients who can now manage their financial affairs with greater ease. It’s this kind of service that has helped us grow to a full-fledged banking and financial services provider with a staff of nearly 40 professionals.”

Sterling Bank & Trust, immediately available for current clients of the boutique property-based investment firm, will operate out of the firm’s East Bay Street location across from Nassau Harbor.

 

CAPTION:

Sterling Global Financial, an integrated banking and financial services provider with more than US$9 billion in assets under administration and operations in The Bahamas and Cayman Islands launches Sterling Bank & Trust, the latest bank to bolster the Bahamas financial services portfolio. Pictured l-r: David Kosoy, Chairman Sterling Global Financial; Hon. Hope Strachan, Minister of Financial Services; Hon. Khaalis Rolle, Minister of Investments & Steve Tiller President & COO Sterling Global Financial. (Photo by Cay Focus Photography)

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Husband Murder Plot foiled in The Bahamas; Wife and two others arrested 

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Rashaed Esson

Staff Writer

 

#TheBahamas, August 5, 2023 – An American woman has been arrested in The Bahamas, accused of conspiring with two men, one of them alleged to be her lover, to murder her estranged husband.

The woman, 36 year old Lindsay Shiver and the two men, 28-year-old Terrance Bethel, the alleged lover and 29 year old Faron Newbold, were taken into custody last week following police investigation of a reported burglary at Grabbers Bar and Grill restaurant on Great Guana Cay.

The police looked into their cell phones and found WhatsApp messages detailing the assassination plot to kill her husband.

The couple, who built a life in South Georgia have three children and are home owners on the island in the Abacos.

News outlets throughout the US have reported on the scandalous story, including that a nasty court battle over the couple’s reported, $5 Million dollar fortune and three children was underway.  Shiver, an entrepreneur is a former beauty Alabama queen, her husband a former football player was an insurance executive.

According to US media, the husband, Robert, recently filed for divorce from Shivers after a decade of marriage upon discovering she had an alleged extra-martial affair with Bethel whom she met in The Bahamas.

While the husband claims infidelity on the part of his wife, the wife claims he was abusive.

The suspects Shiver, Bethel and Newbold appeared before Acting Chief Magistrate Roberto Reckley on Friday July 28th.  Their next court date is set for October 5th.

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Alarming Sexual Assault cases raising fears in The Bahamas

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Rashaed Esson

Staff Writer

#TheBahamas, August 5, 2023 – The Bahamas is now facing an unfortunate reality as sexual assault has become and is a growing issue since 2023.  Women and girls are said to be living in fear for their safety from these perpetrators.

The Royal Bahamas Police force has reported on instances of assault in press releases found on their Facebook page.

One report spoke of a 50 year old they were searching for after he burglarized a home and sexually assaulted an elderly woman, 82 years old.  She was reported to be asleep when he woke and assaulted her.

This took place on Tuesday July 11th, 2023 at the home in the Centreville area of Nassau.

There is another incident that took place on July 17th, 2023 which the police are seeking in catching the suspect as they investigate.  It involves a man believed to the perpetrator in for an armed robbery and sexual assault.

According to preliminary data, he approached the victim, a female, with a firearm, robbed her and sexually assaulted her.  He proceeded to enter the house and robbed a male and escaped.  This happened in the Cowpen Road area; also in Nassau.

The assaults continue to grow in number as the police reported that they were investigating two other incidents that took place on July 24th.

The first had to do with a female, 30 years old who reported she was driving on West on Marshall Road when two men approached her after she slowed down near Faith Avenue.  One of the males with a firearm, forced her from her vehicle and took her to nearby bushes where they sexually assaulted her after which they escaped.

The second incident involved à 32 year old woman who was sexually assaulted by a male known to her.  It is reported that she was walking in the Fleming Street area when she accepted transportation from the suspect, who drove her to a dirt road off Gladstone Road where he presented a firearm and proceeded to rape her.

Furthermore, another assault, this time involving a 9 year old girl, was reported.  As revealed by preliminary information, the victim was playing with friends outside where she lives on Saturday July 29th, 2023 when the suspect, a 42 year old male of Summerset Estate, driving a white Nissan Skyline, arrived and gestured to her to enter the car.

She entered the car after which he took her to an unknown location, threatened her and sexually assaulted her.  She was later found somewhere in Spikenard Road; this also happened in Nassau.

Fortunately, he was caught and arrested for abduction and sexual assault on Sunday July 30th by officers affiliated with the Drug Enforcement Unit.

There are other reports of sexual assault throughout The Bahamas as well as rape and attempted rape during the earlier parts of the year, dating back to as early as February.

 

CAPTION: Women Leaders, including Ann Marie Davis, wife of the Prime Minister filled the gallery of The Bahamas Senate this week as members of the upper chamber debated the Protection Against Violence Bill 2023.  The debate came just as the country experiences a spike in sexual assaults against women and girls.  Photo by Patrick Hanna, BIS.

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Bahamas News

Premier Misick received a courtesy call from the Bahamas Leader of the Opposition

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#TurksandCaicos, August 5, 2023 – On August 3rd, 2023, Premier Misick met with the Leader of the Opposition of the Commonwealth of the Bahamas, the Honorable Michael Pintard. The discussion was highly productive, and they delved into matters of mutual concern between their neighboring nations. Hon. Pintard was accompanied by other opposition members, including Senator the Honorable Darren Handfield and Mr. Joshua Sears.

 

Group photo caption:

From Left to Right: Mr. Joshua Sears, Senator Hon. Darren Hendfield, Premier Hon. Charles Washington Misick, Bahamas Leader of the Bahamas Hon. Michael Pintard and Deputy Premier Hon. Erwin J. Saunders.

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