Cayman Enterprise City and Strategic Wealth Preservation Cayman, an offshore facility for storing precious metals, are partnering to promote the Cayman Islands as the ideal jurisdiction and offshore storage option.
The strategic partnership is being developed with a focus on the special economic zone’s Cayman Commodities and Derivatives Park. Discussions began when Cayman Enterprise City’s zone clients began inquiring about a vaulting facility on Grand Cayman.
“We were so impressed with SWP and its vault facilities that we decided the company could be a high quality, reliable service provider for our zone client businesses,” said Hilary McKenzie-Cahill, CEC vice president of marketing.
Mark Yaxley, head of operations and client services at SWP, said in addition to providing precious metals storage services, the partnership “permits SWP’s high-net-worth clients seeking investment and business opportunities in the Cayman Islands to take advantage of the CEC’s many benefits, should they decide to set up in the zone.”
SWP is housed in the Cayman Technology Centre.
“CEC is delighted to partner with yet another local business, particularly one as impressive as SWP, because benefiting the local economy as a whole is a significant part of the mission of the Cayman Enterprise City special economic zones project. We look forward to working with the SWP team on client opportunities,” said Charlie Kirkconnell, chief executive of CEC.