STW Fixed Income Management expalins why it is leaving Bermuda

By David Marchant

25 years ago

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Keywords

Billy Williams Progressive Labour Party STW Fixed Income Management

In announcing its decision to relocate from Bermuda, STW Fixed Income Management, which employs 18 people on the island and managed about $10 billion in assets, was highly critical of the PLP government. The company’s CEO, American national William H. Williams, issued a news release in which he essentially accused the PLP government of not understanding the needs of international businesses and of implementing policies which he said would be “disastrous” to the economy.

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