Cayman Finance appoints interim chairman

Roy McTaggart has taken on the position of interim chairman of Cayman Finance.

His appointment followed the resignation of Anthony Travers, who stepped down after having represented the organisation that represents Cayman’s finanical services industry for two years.

Cayman Finance is still searching for a permanent chairman. Mr. McTaggart will fill the position to assist the organisation in the interim, supported by an executive committee that will provide strategic direction and deal with organisational issues, Cayman Finance said in a statement.

Executive committee members include Daniel Scott (Ernst & Young), Nick Freeland (Pricewaterhouse Coopers), Gonzalo Jalles (HSBC) and Peter Cockhill (Ogier).

“I am pleased to accept this role which will provide continuity of service whilst a permanent appointment is made,” Mr McTaggart said. “We are working with the Financial Services Commission and with CIMA to help ensure that there is an articulate and sophisticated understanding of Cayman’s positive role in international finance.”

Roy McTaggart is a certified public accountant and the managing partner at KPMG. He has over 25 years experience in providing assurance services to the hedge fund, captive insurance and offshore banking industries. Mr. McTaggart also acts as the risk management partner with the responsibility for the professional risk management process for the Cayman and British Virgin Islands offices.

He is a member of the Florida and American Institutes of Certified Public Accountants, a council member of the Cayman Islands Society of Professional Accountants and a member of the Financial Services Council, an advisory group to the Cayman Islands Government.