- May 9, 2025
- General
PHOTO CAPTION (L-R): Miguel Pratt, BIFS Program Director; Kim Bodie, BIFS Executive Director; Tatum Gaitor, RF Donations Committee Member; Rachael Allahar, RF Marketing AVP.
(Nassau, Bahamas) RF Bank & Trust (RF) is proud to announce a philanthropic donation to the Bahamas Institute of Financial Services (BIFS), reaffirming its commitment to advancing education and strengthening the financial services industry in The Bahamas. The contribution will go directly towards student scholarships, supporting aspiring professionals seeking to enter the dynamic field of finance.
Founded in 1974 as a not-for-profit institution, BIFS has played a pivotal role in maintaining the high professional standards within financial services organizations across the country. The institute was established through the vision of Mr. T. Baswell Donaldson, the first Governor of The Central Bank of The Bahamas, and has since earned an international reputation for its cutting-edge training and educational offerings.
“We believe that empowering individuals through education is one of the most impactful ways to shape the future of our financial sector,” said Michael Anderson, President of RF Bank & Trust. “Our support of BIFS aligns not only with our philanthropic pillar of education but also with our mission as a financial institution — to invest in the people who will drive the industry forward. We are proud to partner with an organization that shares our commitment to excellence and innovation.”
The donation reinforces RF’s ongoing dedication to national development by equipping Bahamians with the tools, knowledge, and certification needed to succeed in a competitive and evolving global financial landscape.
Executive Director of the Bahamas Institute of Financial Services, Kim Bodie, expressed her gratitude: “We are thrilled to receive this generous support from RF Bank & Trust. Their investment in our scholarship programme directly impacts our ability to develop a cadre of well-trained, industry-ready professionals. This partnership helps fuel our mandate to ensure the sustainability of financial services in The Bahamas.”
The scholarships will enable more students to access world-class programs, including certifications and diplomas that meet the rigorous demands of today’s financial environment. Through this initiative, RF and BIFS aim to inspire a new generation of leaders who will contribute meaningfully to the country’s economic resilience and growth.
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About RF
Since its inception in 1997, RF has been committed to helping our clients create and manage wealth. We are your regional private bank connecting with the best in local and international investments. Collectively, we have helped clients raise in excess of USD $2.2 Billion in capital, have $1.4 Billion under management and 2 Billion+ assets under administration. Offering a wide range of investment products and services, our financial solutions are designed to help individuals and corporate clients meet and achieve their investment goals. These include Mutual Funds, Investment Management. Investment Banking, Group & Personal Pension Plans, Personal Retirement Accounts, Stock Brokerage, Trust & Estate Planning, and Educational Investment Accounts.
For more information, please visit http://www.rfgroup.com and follow us on Facebook @rfbanktrust
MEDIA CONTACT
Rachael Allahar
Group Head of Marketing
RF Bank & Trust
603-6000
Rachael.allahar@rfgroup.com