The first dinner event held by the Cayman Islands Financial Services Association took place on 7 June, with financial services firm dms Management Ltd. as the Premium sponsor.
Held at the Ritz-Carlton Grand Cayman, the event attracted plenty of interest from financial services industry professionals eager to learn from the association’s US lobbyists.
The event featured presentations from Jack Quinn and Manuel Oritz, who are the main drivers behind U.S. based lobbyist firm Quinn Gilliespie and Associates. The firm has been retained by the Association to represent Cayman’s financial services industry in Washington.
The discussions centered on perceptions of this jurisdiction in the capital, as well as the challenges Cayman faces and some of the strategies in play to help address them.
David Bree, Managing Director of dms Management Ltd. and a former director of the Association was enthusiastic about the initiative.
‘dms and its affiliates employ over 140 people in the Cayman Islands. We are significantly invested in the ongoing success of these islands. We want to ensure that the Caymanians we are developing to lead the next generation of business will have the maximum opportunity to succeed in a thriving Cayman,’ he said.
‘We felt that this event was a valuable opportunity to underscore the importance of the Association’s efforts to Cayman’s financial services sector and provide a good gauge for industry participants of the challenges we face and what needs to be done to address them,’ he continued.
‘The Association’s efforts are instrumental in enhancing this jurisdiction’s reputation globally. dms is delighted to be the premium sponsor of this CIFSA business dinner.’
The dinner follows on from the success of a series of business lunches hosted by CIFSA last year and was expected to draw many of the industry’s leading figures as well as some significant media coverage.
The dinner also attracted sponsorship from other well known local organizations, Dart Enterprises and Mourant, as well as the Cayman Islands Government. Cayman Free Press was the event’s media sponsor.
Event organizer and the Association’s Vice Chairman Eduardo D’Angelo P Silva, expressed his gratitude to all the event’s sponsors.
‘The Association strives to make its events informative and beneficial to Cayman’s financial services industry. We rely on our corporate supporters to help us achieve this so I would like to express our deep appreciation to dms Management and our other sponsors for their valued involvement,’ he said.
‘Our business dinner represents a timely opportunity for the industry to learn more about the critical issues affecting it. This is particularly important amidst much widespread cynicism about offshore financial centres among some influential political groups.’
For more information please visit the Association’s website, www.caymanfinances.com.