14 December 2022Bermuda analysis

BDA elects new chair and deputy chair

The board of the Bermuda Business Development Agency (BDA) has unanimously elected Michael Hanson to be its new chair, with Susan Pateras as deputy chair.

The vote came at the BDA’s annual general meeting and board of directors meeting.

“Like many organisations, the BDA has had to weather extraordinary circumstances over the past 12 months,” said Hanson. “So, in that context, I would first like to recognise the incredible BDA employees, who have been exemplary in their relentless focus on our mission to grow and diversify the Bermuda economy. The Board recognises their efforts, and we take very seriously our collective mandate to positively impact inward investment into our island’s economy. We continue this mission with significant intent.”

Hanson continued, “I also would like to specifically mention some of our fellow directors who rotate off the board this year at the completion of our prescribed six-year terms. On behalf of the entire BDA, we thank Stephen Weinstein for his years of service, particularly for his last two as chair when he helped to steer the organisation through strategic and operational changes that positioned the BDA to continue and enhance its vital mission. Stephen’s passion and vision to maintain and expand Bermuda’s global re/insurance leadership, to establish Bermuda as a climate finance capital, and his tireless energy in organising our inaugural Bermuda Climate and Risk Summits are well known to many.”

“We also thank Andrea Jackson for her consistent and strong advocacy for over six years in the Private Client and High Net Worth sector. Andrea will be sorely missed – as will Barclay Simons, whose assistance on the financial challenges of COVID 19 proved invaluable. Stephen, Andrea and Barclay continue to be huge supporters of Bermuda and will remain engaged in the BDA’s important mission in various other capacities.”

The BDA also welcomed Stuart Lacey to the Board. Lacey is the current chief executive of Summit Junto, a global community of innovators, leaders, change makers and visionaries bound through carefully curated forums and advisory boards to maximise impact and positive change.