ST. CROIX, U.S. Virgin Islands, Jan. 8 /PRNewswire/ -- The Stanford
Financial Group of companies is expanding significantly its presence in the
Caribbean with the building of a global management campus in St. Croix.
Stanford plans to break ground next month on construction of the new state-of-
the-art complex which will include 105,000 square feet of office space and
conference facilities. An official groundbreaking ceremony is planned for
later in February.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080108/CLTU117 )
The Stanford Financial Group global management office will be located on a
37-acre site at the southwest corner of the Henry E. Rohlsen International
Airport. Stanford has been working closely with the Virgin Islands Port
Authority to secure the location and negotiate the particulars of the long-
term investment in St. Croix.
The new facility will serve as the base for the support functions of
Stanford's global network of financial services companies.
Stanford will also establish in St. Croix the management offices for the
Stanford 20/20 Cricket Tournament, the newly formed Stanford Caribbean
Investments and Stanford Aviation.
"We are extremely pleased to work with Stanford Financial Group on this
prestigious project," said Robert O'Connor, Jr., Chairman of the Governing
Board of the Virgin Islands Port Authority. "This is a good example of how we
can work in partnership with the corporate community on important development
and business investment projects. To have a company like Stanford Financial
Group select St. Croix for such a significant corporate investment shows the
confidence that Sir Allen has in the United States Virgin Islands."
According to Stanford Chairman and CEO Sir Allen Stanford, St. Croix is an
ideal place for our global management office. "The governing bodies of the
USVI and the Virgin Islands Port Authority have been extremely helpful to us
in developing our plan for long-term growth and investment in the Caribbean.
They understand the needs of a multi-national company like Stanford. Anyone
who knows me knows of my passion for the Caribbean, and I'm delighted to be
expanding our presence in the region to St. Croix," he said.
About Stanford Financial Group
Stanford Financial Group is a privately held, wholly owned global network
of financial services companies led by Chairman and CEO Sir Allen Stanford.
The first Stanford company was founded by his grandfather, Lodis B. Stanford,
in 1932. Stanford's core businesses are private wealth management and
investment banking for institutions and emerging growth companies.
Stanford provides private and institutional investors with global
expertise in asset allocation strategies, investment advisory services, equity
research, policy research, international private banking and trust
administration, commercial banking, investment banking, merchant banking,
institutional sales and trading, real estate investment and insurance.
Securities products and services in the United States are offered through
Stanford Group Company, member FINRA/SIPC. More information on the company can
be found at www.stanfordfinancial.com
SOURCE Stanford Financial Group
Lori Guyton, for The Stanford Financial Group, +1-901-277-6066,
loriguyton@comcast.net
