Smith, Lorna

Introducing...

Lorna Smith is the founder and Chief Executive Officer of LGS and Associates. She has more than three decades of experience at the highest levels of the public service in the British Virgin Islands. Over the course of her senior-level service, She also has developed extensive relationships with leaders from the business community, international NGO’s and government leaders from around the world.

In 2002, Lorna took the helm of the BVI International Finance Centre, which is charged with promoting the BVI Financial Services. She worked in close collaboration with the private sector, mounting promotional events in London, New York, Miami, Zurich, Geneva, Shanghai, Hong Kong and Singapore. She coordinated the production of a Strategic Development Plan, which is being used as the blueprint for sustainable development. Acting as an official liaison between government and the private sector, she has helped the industry experience robust year-on-year growth in all sectors – funds, captive insurance, corporate business and trusts. Today, the BVI is recognised as one of the best regulated jurisdictions and a premier centre for international business.

In her position as Director of the International Affairs Secretariat, Lorna has led negotiations for concluding Tax information Exchange Agreements between the BVI and the United Kingdom, the People’s Republic of China, France, Canada, Australia and New Zealand. sheh also served as a top advisor in the BVI’s talks with the United Kingdom to secure a new constitution for the Territory.  

Lorna also served as the first BVI Director of the London Office - the equivalent of a Diplomatic Mission. In that capacity she:

  • represented the territory in the United Kingdom, Brussels and Europe including in various institutions of the European Union;
  • served as chief spokesperson for the BVI in all matters involving negotiations with Her Majesty’s Government;
  • promoted business and investment to the BVI;
  • served as the BVI Observer Delegate to UK Labour and Conservative Party’s annual conventions
  • lobbied the UK Parliament to establish first ever BVI All Party Parliamentary Group; and
  • was appointed Vice President of the Overseas Countries and Territories (OCT’s) Executive Council.

Since retiring from Public Service in the BVI, Lorna has been retained by the Governments of the Turks and Caicos and Anguilla as the Consultant in the successful negotiations of over two dozen Tax Information Exchange Agreements.  She was subsequently appointed by the World Bank to assist the OECS countries with their tax treaty negotiations. She has recently been retained by the Commonwealth Secretariat as a consultant to provide countries within the OECS region with financial services support. She is a regular speaker at Conferences on financial services related matters as well as a contributor to various publications in the same area.

In January 2012, she was selected by her peers to chair the Financial Services Business Development Committee, a twelve person group appointed by Cabinet to advise the Premier's Office on the promotion of financial services as well as on new international business opportunities for the territory

Together with the principals of her company, LGS & Associates, she provides strategic advice to BVI businesses to enable them to develop on a sustainable basis through continuous improvement.   Lorna also advises on international financial policy.

Lorna has been awarded the Order of the British Empire by Her Majesty Queen Elizabeth II for her contribution to Public Service in the British Virgin Islands.