During 1990 to 1993, Owen Bethel, was the executive director of The Bahamas Financial Services Secretariat and The Bahamas Investment Authority. He was to chart the course of the country's financial services sector and Facilitate inward investment.
In the early 1990s, significant legislation, such as the International Business Companies Act, the Trusts (Choice of Governing Law) Act, the Fraudulent Dispositions Act (Asset Protection Trusts Enabling Legislation) were enacted. Draft legislation was also prepared on the Limited Liability Corporation and the Investment Promotion Programme aimed at attracting direct investment.
At this time, Bethel undertook an aggressive global marketing campaign, travelling with leading players from the Bahamian private sector to North and South America, the Far East, the UK and Europe to promote the features and benefits of the Bahamas.
