Cayman Finance CEO, Jude Scott, and Minister of Financial Services, Tara Rivers, recently returned from an overseas trip aimed at promoting the island’s finical services industry.
The two week visit to London was a joint venture between Cayman Finance, the Cayman Islands Government , which saw Scott and Rivers meeting with among others, TheCityUK, HMRC and IFC Forum and media including Financial Times, Wall Street Journal and International Accounting Bulletin.
The trip has been described as a step forward in increasing positive, proactive and face to face engagement with international key decision makers, industry stakeholders, politicians, media, NGOs and Cayman Finance member firms.
“Cayman Finance, in conjunction with the Ministry of Financial Services, is constantly working to ensure we maintain strong and beneficial relationships with key international figures in the financial services industry,” said Scott.
“It is important for us to keep reminding these stakeholders of the Cayman Islands’ role as a premier global financial hub and the ways in which we benefit developed and developing countries around the world. We are always grateful for the Cayman Islands Government’s support in these ventures,"he added.
Scott also attended meetings with MPs hosted by the Cayman Islands Government, as well as meeting with the Chinese Embassy.
Cayman Finance held also held their own breakfast briefing event during the trip, inviting representatives from key stakeholders to network and discuss current pressing issues, such as the Cayman Islands’ value to the UK in anticipation of Brexit, updates on the new beneficial ownership regime, the proposed EU blacklist, and the base erosion and profit shifting (BEPS) project.
Both Cayman Finance’s CEO and Minister Rivers gave remarks at the briefing, using the opportunity to reinforce positive messaging about the Cayman Islands financial services industry, and its pivotal role within the global financial economy.
“The combined efforts of Cayman Finance, the Cayman Islands Government and our regulator, the Cayman Islands Monetary Authority, ensure that our financial services products and services are consistently delivered to meet or exceed our international clients’ expectations through excellence, innovation and balance,”Scott said.
“We are extremely proud of the work that the Cayman Islands does both locally and worldwide, and will always seize the opportunity to spread our message around the globe,” he added.