Fintech adviser steps down from government role – The Royal Gazette
Updated: April 24, 2023 7:17 p.m
Denis Pitcher, the government’s fintech adviser, has stepped down from his voluntary role.
A “key” adviser to the government on financial technology has stepped down from his role.
Denis Pitcher, who has served as an unpaid consultant to the Department of Economic Development, was key in setting up the fintech unit and promoting the new business technology in Bermuda.
According to a post he posted on social media, Pitcher left the position more than a month ago.
He attributed the move to business commitments.
David Burt thanked Mr Pitcher for his service as he chose to “step away from his voluntary role in government”.
Previously an independent commentator on the emerging industry, Mr. Pitcher joined the entity in 2019, following a career in software as the founder of the firm resQwest.com.
The Prime Minister said: “Mr Pitcher provided great assistance and knowledge to the Government to help advance Bermuda’s fintech ambitions and facilitated the rise of the international fintech community in the Bermuda market.
“As he moves on, we have every confidence in the public servants in the Department of Economic Development who have worked with Mr. Pitcher and will continue the great work already underway as Bermuda continues to grow as a leader in the digital assets space .”
Pitcher said: “I would like to thank the Prime Minister and the Government for inviting me to volunteer to help grow and develop the fintech industry in Bermuda.
“Fintech has reached a place where Bermuda has developed a reputation for having a disciplined and consistent approach that has proven very attractive to established players at this stage in the industry’s evolution.”
He added: “I am proud of the strong pipeline of companies on track to be licensed and hope it represents a tipping point for continued sustained growth in the industry.
“Unfortunately, my family business has consumed a lot of my time lately, leaving me with no capacity to continue contributing to fintech.
“I would like to thank all the colleagues in government that I worked with on fintech and wish them all the best in continuing to grow the industry.”
A spokeswoman said the government remained committed to advancing Bermuda’s fintech agenda – and was “confident of the continued progress and success of the Department of Economic Development”.
