Billy Williams

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. 

A fund manager which says it has approximately $9.5 billion under management has moved to Bermuda from California.STW Fixed Income Management Ltd has about 80 institutions and high net worth individuals as clients.