Jalles named Cayman Finance CEO

The board of directors of Cayman Finance, the organisation that represents Cayman’s financial services industry, announced that banking professional Gonzalo Jalles has taken up the position of chief executive officer of the organisation, with immediate effect.

Formerly the CEO of HSBC Cayman, Mr. Jalles founded his own financial services consulting company, Javelin Group, late last year. Prior to his almost six years leading HSBC in the Cayman Islands, Mr. Jalles worked in HSBC’s London, Bermuda and Argentina offices as director of International Development, managing director/CEO and chief investment officer, respectively.

Having led the Cayman Islands Bankers’ Association from 2009 to 2012 as president, Mr. Jalles said he looks forward to the prospect of taking up his new position with another vital financial services advocate, Cayman Finance.

“Cayman Finance plays a crucial role promoting and supporting Cayman’s financial services industry both at home and abroad,” he said. “The organisation has become the central, leading voice for Cayman’s financial services industry when speaking to government locally and internationally, as well as with local and international media. I therefore take on this important role fully aware of the responsibility placed upon me and I am grateful for the opportunity to help ensure that Cayman’s voice is continued to be heard within the international financial community.”

Cayman Finance Chairman Richard Coles said the organisation is pleased to have such a distinguished professional take on the role of CEO.

“Not only does Mr. Jalles have an exceptional career history spanning just under 20 years as a high level banking professional, he also has a first class education, qualifying as a Chartered Financial Analyst along with a master’s degree in finance, among other distinguished qualifications,” he said. “Having served as the Cayman Islands Bankers’ Association president, a director of the [National Council of Voluntary Organisations] and as a Rotarian, he has also clearly displayed considerable public service. We are therefore extremely happy that Mr. Jalles has agreed to join us as CEO and look forward to a long and fruitful relationship working together to promote the industry.”

It is the first time Cayman Finance has instituted the role of CEO, Mr. Jalles said. Mr. Coles will remain chairman of Cayman Finance in a nonexecutive capacity.