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BAF Financial and Insurance announces two new directors

Storr and Aranha said to bring ‘wealth of expertise’ to company

Published: Oct 09, 2013

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BAF Financial has announced the appointment of Wayne Aranha and Merritt Storr to the Board of Directors.

Both appointees boast extensive relevant varied experiences and bring a wealth of expertise to the Board of BAF Financial, said the company in a release issued yesterday.

In making the announcement, BAF’s Chairman, Basil Sands said: “These two gentlemen will complement our existing dynamic Board members, bringing a level of skill and knowledge that can only serve to strengthen our position as a leader in financial services. BAF is a strong Bahamian institution with a legacy that spans almost a century. We welcome Messrs. Aranha and Storr to the team.”

Aranha, the new deputy chairman, is a Chartered Accountant, a former partner of PricewaterhouseCoopers, Bahamas and a past president of The Bahamas Institute of Chartered Accountants.

He has served as a director on the boards of various entities, including the Institute of Chartered Accountants of the Caribbean, the Central Bank of The Bahamas and the Water & Sewerage Corporation.

He is also a former chairman of Utilities Regulation & Competition Authority and a past commissioner of The Insurance Commission of The Bahamas.

Storr is managing partner at the law firm of Chancellors Chambers with extensive experience in all areas of legal practice including litigation, commercial law, Real Estate and Estate administration.  He currently serves on several boards including the National Insurance Board; the Board of Governors at Bahamas Faith Ministries International and JMEL Enterprises Ltd. where he is the president.

Having studied and worked in England, the United States and The Bahamas, Storr adds his international experiences to the global perspective of BAF Financial.

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