Bermuda: Poised for Economic Recovery
Company: Oyster Consulting
(Bermuda) Ltd.
Name: Alison Morrison,
Managing Director
Email: [email protected]
Web Address: www.oyster.bm
Address: Suite 1655,
48 Par-La-Ville Road,
Hamilton, HM 11
Telephone: 441 541 5036
Bermuda: Poised for
Economic Recovery
Oyster Consulting provides comprehensive and cost-effective compliance
and operational consulting to the financial services industry. Our team
of industry professionals brings highly-integrated knowledge and deep
functional expertise, designed to help our clients protect and grow their
business. We offer practical solutions, creating much-needed simplicity in a
complex environment.
Headquartered in Richmond, Virginia, Oyster
comprises a team of over 50 industry professionals and
offers a unique service to our clients through our ability
to combine expertise in Bermuda, the US and Europe.
Bermuda, as a jurisdiction, is constantly looking for
ways to improve and enhance its product offerings
across all industry sectors. This has been particularly
evident in the asset management arena, where we
have seen significant growth and a renewed interest in
domiciling funds on the island. This success has been
due largely to extensive collaboration between the
asset management sector, the Bermuda Development
Agency (“BDA”) and our Government and Regulator,
the Bermuda Monetary Authority (“BMA”).
Our Insurance-linked Securities (“ILS”) sector continues
to grow and thrive and by the end of 2014, Bermuda
represented 57% of the total global ILS sector.
Ongoing collaboration between all industry sectors, the
BDA, Government and the BMA are key to sustaining
strong economic growth over the coming years.
Ensuring firms overseas understand that Bermuda
is a first class place to do business encourages new
companies to come to the island and hosting key
conferences on the island also allows us to showcase
Bermuda and all that we can provide in terms of
infrastructure, sophistication and intellectual capital.
Oyster opened for business in March of 2012. Starting
a new company at that time definitely presented a
number of stern challenges: however, for me this
also presented a huge opportunity to build something
from the ground up and to provide a unique service
to companies looking for a compliance partner to help
them focus on growing their business.
My advice to any business facing similar challenges
would be to listen to your clients, really work to
understand their needs and adapt to meet those
needs. We make sure that we customise our
projects and engagements in ways that best meet
our clients’ requirements.
Oyster has grown significantly since its inception and
our growth is accelerating. Our biggest challenge
is to make sure new businesses understand how
we can help them start, run, grow and protect their
organisation and we are keenly focused on keeping
our service levels as high as possible as we continue
to grow and develop our own business.
24 Acquisition International - September 2015
In any company, it is important to provide a high
standard of service on time and within budget. In
the consultancy field, this is particularly critical
because, at the end of the day, the firm’s reputation
is its most important asset. This is just one of the
many reasons why, at Oyster, we believe in creating
deep, meaningful relationships with our clients and
why we approach every single engagement with the
same high standards of product delivery and client
satisfaction. All of our projects and engagements are
carefully tailored to ensure that we deliver exactly
what the client is looking for and we endeavour to
provide ongoing compliance support. Of course,
there is also always the option to change the level of
support as the relationship progresses.
In any company, the tone from the top drives the
culture. We understand that we must bring value
to our clients and that service standards are a key
part of that process. The majority of Oyster’s senior
management team bring with them decades of
industry experience, having served as counsel and
in many senior level positions within the financial
services sector.
Regular communications and weekly meetings allow
everyone to stay connected wherever they are in the
world and keep up to date with the ever-changing
regulatory environment. Staying ahead of all
regulatory developments allows us to ensure that our
clients benefit from our knowledge and expertise and
are able to better manage their own business.
Oyster was founded on the belief that experienced
industry practitioners add more value than career
consultants and we also believe that the best
financial services organisations make decisions with
the input of the strategic leaders, sales, operations,
trading, technology, finance, compliance, risk and
legal groups. Oyster consultants have worked as
leaders in these groups and bring highly integrated
industry knowledge and in-depth expertise. You may
only work with one consultant, but you get access to
all of Oyster’s resources when you work with us.
Oyster continues to build and grow and we are always
looking for experienced and talented individuals
to join our team. Due to the constantly evolving
regulatory environment, companies in Bermuda often
struggle to keep up with new legislation and how it
might impact their operations. Oyster provides the
support that they need to be able to focus on growing
their business free from these concerns.
www.acquisition-intl.com