We are pleased to announce the appointment of Mr. Andrew Strachan as the new Chairman of the Board of Directors for The Bahamas International Securities Exchange (BISX). Mr. Strachan takes over as the Chairman of BISX after having served in the capacity of Deputy Chairman for the last year, and he replaces Mr. Ian D. Fair who has served as BISX’s Chairman for the past 15 years.

Mr. Fair commented on his time as BISX Chairman, stating, “It has been a distinct honour to have been the founding Chairman of BISX for the past fifteen years. It has had its challenges along the way, but with the support of a loyal, talented staff and a dedicated Board of Directors we have achieved our aim to become a critical element in the development of the capital markets in The Bahamas. It is now time for me to step down and pass the Chairmanship on to the next generation. The Board has Andrew’s support and I am confident that he will do a very good job in guiding BISX on its next phase of development. For the time being, I shall continue to serve as a non-executive Director.”

Mr. Strachan also commented on his new position within BISX, stating, “I appreciate the confidence of our former Chairman and the Board of BISX. We look forward to achieving further progress in building an innovative and dynamic platform for the development of capital markets in The Bahamas. In particular, we aim to substantially increase the number of listings, promote a culture of saving and investing for economic development and maintain a high level of investor participation.”

Andrew Strachan is a banker, portfolio manager, relationship manager, and economist by profession with over 25 years of experience in international private banking at Clariden Leu Nassau Branch and Credit Suisse Bahamas. Notably, achieving outstanding investment performance results with funds invested in international equity and bond markets. Andrew has held senior positions – Senior Vice President, Portfolio Manager, Relationship Manager and Deputy to the Managing Director at Clariden Leu and Vice President Portfolio Manager at Credit Suisse.

He holds a Bachelor’s Degree Specialization in Economics and a Master’s Degree specialization in International Finance and Econometrics from Concordia University Montreal Quebec Canada and has studied and trained in the United States, England and Switzerland.

Mr. Strachan has served on a number of public and private boards, financial organizations, and advisory committees in the Bahamas. Mr. Strachan is married to Gigi Strachan and they have one daughter, Ariana. Mr. Strachan is an active member of Holy Spirit Anglican Church.

For additional information please contact

Keith E. N. Davies

BISX Chief Executive Officer.

Tel: 1-242-323-2330

Fax: 1-242-323-2320

Email: info@bisxbahamas.com