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The Hon. Everard Bob Richards was born and raised in Bermuda attending Purvis School the Central School and the Berkeley Institute. He attained his Bachelors in Economics at Waterloo Lutheran University in Ontario, Canada. Mr. Richards later attained his Bachelor of Commerce and MBA from the University of Windsor, Ontario Canada. After stints with two Canadian banks in Toronto, he returned to Bermuda where he joined the Bermuda National Bank as Assistant Manager of Credit. In 1978 he joined the Bermuda Monetary Authority (BMA), where he worked as an economist and ultimately as General Manager in charge of research and investment of Bermuda's official foreign exchange reserves, consisting of fixed income securities. During his tenure at the BMA, he completed courses at the IMF Institute in Washington D.C. on international balance of payments methodology and at the Federal Reserve Bank of New York on international investments for central bankers. He was a delegate at the Annual General Meeting of the Bank for International Settlements in Basle, Switzerland.
In 1983 Bob became an Investment Manager for Shell Trust Bermuda Ltd. where the Royal Dutch Shell Group domiciled their pension funds for overseas employees. There he successfully managed an international investment fund of about $1 billion and developed the most sophisticated computer tracking, analytical and order execution systems available in the Island. In 1987 he founded Bermuda Asset Management, Ltd. (BAM) as the first independent investment company in Bermuda. In 1995 BAM became affiliated with INVESCO. He was appointed General Manager of INVESCO Global Asset Management Ltd. and a Partner in Amvescap PLC., the ultimate parent of INVESCO. In 1999 INVESCO left Bermuda and BAM reverted to being a family business. In 1997 Bob Richards was appointed to the Bermuda Senate. He served as Government Leader in the Senate and Minister of Telecommunications. During his tenure he negotiated the de-monopolization of the telecommunications industry on the Island, a first for any Island economy. Bermuda's overseas telephone rates have fallen over 90% since de-monopolization.
Mr. Richards has also served on many other public sector boards including the Bermuda Hospitals Board, the Bermuda Monetary Authority, the Public Funds Investment Committee, the Bermuda Association of Securities Dealers, and the Economic Council. He was reappointed to the Senate in 2004. In 2007 Bob Richards was elected a Member of Parliament and since then has served as Shadow Minister of Finance. He currently is Deputy Chairman of Cellular One Bermuda, President of Bermuda Information Technology Services Ltd. He is also a Fellow of the Institute of Canadian Bankers and is married with two sons.