About Mid-Ocean Consulting
“Mid-Ocean consults with both individuals and institutions on the implementation of new and existing international structures. Further, Mid-Ocean provides ongoing monitoring of these structures to ensure their continued utility and efficiency.”
David E. Richardson, President/CEO
David Richardson began his professional career in the investment business over 20 years ago, working for one of Canadaâs preeminent investment houses; Walwyn, Stodgell, Cochrane and Murray (now Merrill Lynch Canada).
In 1987 he joined the Bank of Bermuda in Bermuda as Portfolio Manager, where he personally oversaw the management of in excess of $350 million for the Bankâs top tier clientele. From there he moved to the Bank of Bermudaâs wholly owned trust subsidiary, Bermuda Trust Company serving as Assistant Manager and Director of Americasâ marketing activities.
A move to the Cayman Islands in 1996 saw new responsibilities for MeesPierson, the near 300 year old Dutch merchant/private bank (now owned by ABN AMRO), serving as Head of Private Banking by successfully establishing that capability there.
Following that, he and his family moved to Nassau, to serve as Managing Director for MeesPierson (Bahamas) Ltd. and Chairman of Lighthouse Capital Insurance Company (Fortisâ insurance affiliate in the Cayman Islands), directing marketing and strategic affairs for the Companies.
2003 through 2005 saw new tenure at Oceanic Bank and Trust Limited, as President of the Bankâs Insurance Specialty Unit.
Since 2005, he serves as President and CEO of Mid-Ocean Consulting Ltd., which guides both institutions and individuals on sophisticated international structuring and private placement insurance related strategies. He has personally overseen the placement over a half a billion dollars of private placement premium.
In 2009 Mid-Ocean advised the Lighthouse Capital group in the formation of US Commonwealth Life A.I.; the first international life insurance carrier of its kind, based in Puerto Rico and now with assets in excess of $US 1 billion.
Mr. Richardson has authored and/or co-authored a number of articles on subjects relating to U.S. and international taxation and asset protection, including Asset Protection Revisited and most recently U.S. Tax Planning for Passive Investments published by the American Law Institute in 2013.
He is a graduate of the ABA sponsored National Trust School at Northwestern University as well as possessing a number of present and past professional affiliations including a Member of STEP, the ITPA and the Bahamas International Insurance Association.