Lorna Smith, OBE, TEP, FCG

Minister of Financial Services, Labour and Trade at Government of the British Virgin Islands
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Contact Information
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(386) 825-5501
Location
British Virgin Islands, VG

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Ginny Hawksley -Lennard

I have worked with Lorna for the last decade and watched her success prior to that grow from strength to strength. She is inspiring as a pioneer and leader. the huge success of The BVI financial services is down to her leadership, determination and tenacity. It is an honour to recommend Lorna.

Barbara Pascoe

Successful at every endeavor

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Experience

    • Government Relations Services
    • 100 - 200 Employee
    • Minister of Financial Services, Labour and Trade
      • Apr 2023 - Present
    • Founder and President
      • Jan 2008 - Present

      Founder of consultancy, advising individuals, governments, and global organisations on business and financial services initiatives. • Retained by the World Bank and the Commonwealth Secretariat to support Eastern Caribbean states (OECS) in fulfilling obligations under the Organisation for Economic Co-operation and Development (OECD). • Lead consultant to Turks and Caicos Islands and Anguilla in negotiating Tax Information Exchange Agreements (TIEAs) with 14 OECD member countries. • Advised financial services and hospitality clients on establishing and managing businesses in BVI. • Developed and hosted workshops, conferences, and trainings for Caribbean governments officials and resorts on productivity, management, and best business practices. • Member of Steering Group that published report, “Building on a thriving & sustainable Financial Services sector in the British Virgin Islands” (2015), working closely with McKinsey and other industry stakeholders. Show less

    • Virgin Islands, British
    • Financial Services
    • 1 - 100 Employee
    • Interim Executive Director
      • Feb 2016 - Feb 2019

      Returned in 2016 as interim Executive Director to implement and manage new public-private partnership, BVI Finance. • Senior government advisor on financial services business, supporting creation of BVI Finance, comprised of majority private sector members reporting to a Board of Directors. • Oversaw the smooth and efficient operation of BVI Finance through management of its marketing, business development and organizational functions. • Established and maintained sound relationships with the industry and engage collaboratively with all stakeholders. • Served as the primary spokesperson and representative of BVI Finance and BVI’s high quality financial services. • Promoted the industry’s key messages to potential clients and international investors. • Led in the coordination of appropriate and timely response to international initiatives and challenges. • Worked with key stakeholders to enhance BVI’s reputation as a leading international finance centre. • Advised the Board of Directors on the policy, legislative and strategic requirements for the leadership and growth of BVI financial services. • Worked in partnership with the Government and the Regulator to ensure the sustainable growth and development of BVI financial services. • Performed any other duties as required in order to ensure the success of BVI Finance as the ‘voice’ of BVI financial services. Show less

    • Hong Kong
    • Government Administration
    • Interim Director
      • May 2013 - Nov 2013

      Established BVI House Asia, representing BVI interests in Hong Kong, Singapore, Beijing, and provinces in China. • Represented BVI at the China Offshore Summit (2013), organized the first BVI Trust Seminar in Hong Kong, and coordinated official visits from Shenzhen, China to BVI. • Aided the Memoranda of Understanding between BVI, the City of Shenzhen, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen. Established BVI House Asia, representing BVI interests in Hong Kong, Singapore, Beijing, and provinces in China. • Represented BVI at the China Offshore Summit (2013), organized the first BVI Trust Seminar in Hong Kong, and coordinated official visits from Shenzhen, China to BVI. • Aided the Memoranda of Understanding between BVI, the City of Shenzhen, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen.

    • Executive Director, International Affairs Secretariat and Head, BVI International Finance Centre
      • 2002 - 2008

      Established and served as first Executive Director of BVI International Finance Centre, devoted to business development and promotion of financial services industry. • Represented BVI as chief business development and marketing spokesperson locally and internationally. • Led BVI negotiations with OECD countries on TIEAs. BVI is now on the OECD “White List.” • Coordinated BVI’s participation in regional and international organizations, including the European Union, CARICOM, OECS, OTCC, and the Inter-Virgin Islands Council. • Created “road shows” to promote BVI’s financial services sector, convening hundreds of international service providers in London, New York, Miami, Zurich, Geneva, Shanghai, Hong Kong, and Singapore. • Briefed BVI team during negotiations with the UK on most recent Virgin Islands Constitution (2007). Show less

    • Director
      • 2004 - 2005

      Established BVI London Office (diplomatic mission), serving as BVI representative in UK, Brussels, and Europe. • Chief spokesperson for BVI in all matters involving negotiations with Her Majesty’s Government. • Served as BVI Observer Delegate to the UK Labour and Conservative Party’s annual conventions. • Lobbied Parliament to establish first-ever BVI All Party Parliamentary Group. • Appointed to serve as Vice President of the EU Overseas Countries and Territories (OCT) Executive Council. Show less

    • Coordinator
      • 1999 - 2002

      Oversaw new BVI Public Sector Reform Plan, working closely with ministries and Ernst & Young consultants to establish the Department of Human Resources, BVI’s first dedicated personnel management department. • Initiated development of service charters by all government departments and ministries. • Developed training programme for middle and senior managers with the UK Civil Service College. Oversaw new BVI Public Sector Reform Plan, working closely with ministries and Ernst & Young consultants to establish the Department of Human Resources, BVI’s first dedicated personnel management department. • Initiated development of service charters by all government departments and ministries. • Developed training programme for middle and senior managers with the UK Civil Service College.

    • Permanent Secretary
      • 1989 - 1998

      Served as chief advisor to Chief Minister (Premier) on trade, tourism and the environment, consumer affairs, economic development, government information and public relations, investment promotion, and immigration. • Managed establishment of the H. Lavity Stoutt Community College, BVI’s first institution of higher education. • Established BVI Film Promotion Office to attract commercial and educational filmmakers to BVI. • Coordinated and launched 10-year plan for BVI’s tourism industry. Completed plan for management of cruise tourism and created the Pleasure Boat Committee to advise government on boating industry. • Organized small business seminars with the US Small Business Administration (SBA) and the UN International Labour Office (UNILO) and initiated new small inns and villas programme. Show less

    • Permanent Secretary
      • 1987 - 1989

      Led team in land development and license work, including establishing marine and terrestrial parks system. • Received international awards for environmental impact assessment. • Youngest person ever appointed as Ministerial Permanent Secretary, one of highest ranks in public service. Led team in land development and license work, including establishing marine and terrestrial parks system. • Received international awards for environmental impact assessment. • Youngest person ever appointed as Ministerial Permanent Secretary, one of highest ranks in public service.

Education

  • Tufts University - The Fletcher School of Law and Diplomacy
    Master's degree, International Relations, Diplomace
    1982 - 1983
  • The University of the West Indies, Mona
    Certificate in Public Administration, Public Administration
    1975 - 1976
  • The University of the West Indies Cave Hill Campus
    Bachelor's degree, General Studies
    1969 - 1973

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