The Bahamas International Securities Exchange (BISX) has announced that Societe Generale Private Banking (Bahamas) Ltd. has been approved as a BISX Sponsor Member for the listing of mutual funds on the Exchange.

It is the sixth Sponsor Member to join BISX, and brings to the Exchange a wealth of experience in the areas of private banking, wealth and fund management. In fact, Societe Generale has been a BISX Broker Dealer Member since September 2001, and now adds Sponsor Membership to its existing membership.

BISX Chief Executive Officer Keith Davies says, "We are pleased to have Societe Generale join BISX as a Sponsor Member. The firm has maintained a relationship with BISX going back to our inception in 1999, and we are grateful that it always has been one of the most supportive corporate citizens when it comes to the Exchange. Offshore jurisdictions such as The Bahamas thrive only when corporate citizens contribute to national institutions such as the national stock exchange. As a result developments such as this are crucial to BISX’s growth and development.”

BISX Sponsor Membership allows professional organizations to introduce applicant investment funds to the Exchange after which they are eligible to be listed on the Exchange under BISX’s Listing Rules for Mutual Funds. In order to become a BISX Sponsor Member, applicant organizations go through a due diligence process with the BISX Executive Staff after which a determination is made by the BISX Membership Committee.

BISX is committed to working with its members to continue to develop value added products and services for the investing public, and for financial services providers and their clients.