Topic: Cayman Finance
Survey reports growing public support for Cayman’s financial services industry
A recent survey found the majority of Cayman residents have a positive view of the jurisdiction’s financial services sector.
Cayman climbs Global Financial Centres Index
Cayman was one of the biggest upward movers in the 39th edition of the Global Financial Centres Index. The jurisdiction was ranked as the...
Cayman Finance opens applications for industry internship programme
Up to 50 qualified Caymanian high school students will have an opportunity to take part in Cayman Finances LEAD programme, which would lead to a career in financial services.
Cayman reinsurance assets top US$100 billion for the first time
The latest figures from Cayman’s regulator show the jurisdiction’s reinsurance sector is expanding rapidly.
Immigration reform and efficiency key to financial growth, says Cayman Finance CEO
Cayman Finance CEO Steve McIntosh told Compass TV’s Forefront show that speeding up work permit processing would create more wealth for the jurisdiction.
Cayman Finance graduate programme participants complete training
Participants in the inaugural Cayman Finance Graduate Training Programme have successfully completed a comprehensive 12-week training schedule designed to provide the skills and knowledge needed to thrive in the financial services industry.
Cayman Finance funding questioned
During the 17 Nov. session of the parliamentary finance committee, MP Chris Saunders questioned the $1.375 million annual government funding allocated to Cayman Finance.
China’s growing presence in Cayman’s financial industry
Cayman may be a UK overseas territory, with an economy dominated by the US, but data shows that its financial services industry increasingly caters for Chinese firms.
Premier calls on Cayman business community to ‘lean in’
Premier André Ebanks used a well-attended Chamber of Commerce Parliamentary Luncheon to implore businesses to fund improvements.
Cayman Finance report sounds alarm on falling GDP per capita
Cayman’s growing economy masks the fact that earnings per person are dropping, says a report from consultancy Capital Economics.
New report reveals growing economic impact of Cayman’s financial services industry
Early findings from a Cayman Finance-commissioned research paper published on 19 Sept. showed the expanding financial services industry has a larger role in islands’ economy than previously calculated
Cayman Finance seeks to connect graduates with careers
Cayman Finance is seeking more applicants for a new graduate training programme designed as a pathway to careers in the financial services industry for Caymanians.
Reinsurance company licences continue to increase
The number of licences granted in a specialist reinsurance category has jumped by half year-on-year, the latest government figures show.
Cayman Finance launches Graduate Training Programme
Cayman Finance has announced the launch of its Graduate Training Programme, aimed at supporting Caymanian university graduates seeking to enter the financial services industry.
Indian tech firms show increased interest in Cayman
Cayman could be in line for a flood of tech company start-ups from India, experts from the region have said.
Opinion: Cayman Finance CEO says development of Caymanian talent is top priority
Cayman Finance CEO on the initiatives the organisation is pursuing for the development of the Caymanian workforce.
Cayman Finance CEO calls for balanced approach to immigration reform
Cayman Finance's Steve McIntosh has called for a balanced approach to immigration reform, warning that the island’s core industry relies on imported labour.
Cayman best Overseas Territory on beneficial ownership register
Cayman is the only major UK Overseas Territory offshore financial centre to have an open register of beneficial ownership up and running by the April deadline, a UK watchdog has reported.
Insurance industry adds $233M a year to Cayman economy, study says
The report showed that the insurance industry directly employed 256 people, with almost half of the posts held by Caymanians.
Financial services industry concerned over proposed work-permit changes
Cayman Finance says it is concerned that proposed changes to immigration legislation that require work-permit holders to leave Cayman for a year before taking up a new job here will stymie recruitment efforts within the industry.
Cayman business chief calls for more support for financial sector
Cayman needs to bolster its financial services sector or risk the islands' future prosperity, the head of Cayman Finance has said.
Cayman told not to kill business goose that lays the golden eggs
Steve McIntosh, the CEO of Cayman Finance, has warned an international conference that Caymanian complacency was a serious threat to the health of its financial services industry.
Cayman delegation travels to US, UK and EU meetings
It’s been a busy two weeks for Deputy Premier André Ebanks who has been leading a delegation of senior financial officials on a road trip that includes meetings in London, Brussels and New York.
Cayman hits record 30,000 registered investment funds
The Cayman Islands has reached a financial milestone as a global leading investment funds centre by registering a record 30,000 funds.
Financial services industry reopens offices after Hurricane Beryl
One day after Hurricane Beryl affected the Cayman Islands, companies within the financial services industry resumed normal business operations after a brief period of remote work to continue serving clients around the world.
Cayman in talks with US power brokers over financial services future
Financial services leaders met with US lawmakers, journalists and regulators in New York and Washington DC this month as part of an ongoing charm offensive to protect the often maligned image of Cayman's key industry.
A career in financial services: Is it for me?
Danielle Hennings, who is responsible for community engagement at Cayman Finance, gives her advice on the best career path into Cayman’s financial services industry.
Cayman Finance launches 2024 LEAD student education programme
Cayman Finance’s student education and work programme is now open to applicants.
Cayman removed from UK anti-money-laundering risk list
Following its removal from the global Financial Action Task Force anti-money-laundering list in October, the UK has removed the Cayman Islands from its list of high risk jurisdictions and the European Union is in the process of doing so.
IMAC, Cayman Finance, CIMA joint participation in American Society for Health Risk Management Conference...
The three leading industry and governmental organizations who represented the Cayman Islands at the American Society for Health Risk Management’s (ASHRM) Annual Conference last month found their joint participation provided valuable connections for the industry and jurisdiction.
Transparency law could open up Cayman company ownership information
Companies operating in the Cayman Islands could soon be required to make details of their ‘beneficial ownership’ public under draft legislation published this week.
The...
As Bermuda contemplates corporate income tax, should Cayman follow suit?
The Cayman Islands should resist global pressure to introduce corporate income taxes, financial services industry leaders have insisted.
Financial industry unconcerned about new global tax rate
The Cayman Islands has nothing to fear from a new global minimum corporate tax rate, financial industry leaders insist.
Cayman Finance breakfast briefing returns to New York
After a three-year hiatus due to the pandemic, Cayman Finance returned to New York to host a breakfast briefing and reinsurance roundtable events.
Cayman Finance new internship programme under way
Cayman Finance launched an internship programme in October as part of its mission to create pathways for talented young Caymanians to pursue careers in the financial services industry.
Steve McIntosh appointed as new Cayman Finance CEO
The board of directors of Cayman Finance has announced that Steve McIntosh will take up the post of organisation's chief executive officer from 1 Sept.
Cayman no longer tops ‘financial secrecy ranking’, replaced by US
The Cayman Islands has dropped from first to 14th in the Tax Justice Network’s latest financial secrecy ranking.
Ministry of Investment pays Cayman Finance $350,000 for promotions
The Ministry of Investment, Innovation and Social Development has announced a strategic partnership with Cayman Finance to promote Cayman as a financial services jurisdiction.
Cayman Finance analysis takes aim at Tax Justice Network report
Cayman Finance has released another report finding that “extremely distorted estimates” and other errors made the latest Tax Justice Network assessment of the Cayman Islands highly unreliable.
Report touts Cayman’s benefits to global economy
Cayman Finance has released a new report that outlines how Cayman’s tax and legal system attracts investment funds and companies to provide economic benefits to other countries.
Cayman Finance report attacks ‘flawed’ Financial Secrecy Index
A study released by Cayman Finance has criticised the use of 'incorrect data' and 'biased criteria' in the compilation of the Tax Justice Network’s Financial Secrecy Index.
Cayman Finance CEO to step down at year end
Jude Scott will step down from his position as chief executive officer of Cayman Finance at the end of this year.
Cayman Finance donates $113,000 to R3 Foundation
The ‘Cayman Finance Cares’ programme has donated $113,000 to the Cayman Food Bank through the R3 Cayman Foundation, to support ongoing relief and recovery efforts.
Cayman Finance programme supports healthcare workers
Cayman Finance’s ‘Feeding the Frontline’ initiative served more than 450 meals to workers at the Health Services Authority over the Easter weekend. Supported by...
Premier, ministers head to US for financial services conferences
Premier Alden McLaughlin heads to the US where he is set to address two conferences this week aimed at discussing issues impacting the local financial services industry.
Out in the Open
Cayman Finance supports government’s intention to introduce a public register of beneficial ownership, when such registers become the norm under international standards.
Herbalife settles SEC charges
Cayman-incorporated direct-selling company Herbalife Nutrition Ltd has agreed to pay $20 million to settle charges that it misled investors over its China operations in...
Youths explore careers in finance
The fifth annual Cayman Finance Student Education & Work Experience Programme kicked off this month with the first of its in-school workshops, facilitated by financial services industry practitioners.
Delegation promotes financial services
Premier Alden McLaughlin told the more than 150 attendees at the 6th Annual Cayman Finance New York Breakfast Briefing on Tuesday that Cayman remains bullish about the prospects of financial services business in the jurisdiction and that the country and government are gearing up to meet the challenges and uncertainties of the future.
Cayman Finance calls Dutch blacklisting of Cayman Islands ‘unusual’
The organization that represents Cayman’s financial services industry has rejected the inclusion of the Cayman Islands on a Dutch tax blacklist, stating that Cayman does not pose a risk of aggressive tax avoidance.
Mixed reactions to impact of economic substance legislation
Legislative changes proposed by the government in response to EU demands and other regulatory pressures will bring what appear to be significant changes for offshore companies that are tax resident in Cayman.
Government proposes substance tests for offshore businesses
Government has released draft legislation that will have far-reaching consequences for parts of the offshore finance industry in the Cayman Islands.
Hundreds benefit from Cayman Finance Industry Ambassador Program
Hundreds of people have boosted their knowledge about the Cayman Islands’ financial services industry and its importance to the economy through an initiative launched by Cayman Finance.
Cayman represented at UK Conservative Party conference
A team of Caymanians attended a United Kingdom Conservative Party conference in Birmingham earlier this week to educate government ministers, members of parliaments, and other attendees about the Cayman Islands.
UK legislation not ‘death knell’ for Cayman business
The head of Cayman’s primary financial services industry representative group said Wednesday that a move to force public registers of company ownership upon British Overseas Territories by December 2020 will not have any immediate “significant impact” on international business conducted in the jurisdiction.
Cayman Finance launches Industry Ambassador Program
Cayman Finance has launched an online learning portal designed to share accurate information about the jurisdiction.
Cayman Finance launches 4th work experience program
The fourth annual Cayman Finance Student Education and Work Experience Program launched with an orientation event for all of the program’s stakeholders.
Financial services industry: Cayman’s ‘invisible’ giant
In 1960, the Cayman Islands could not have been further removed from its status today as a small but prominent global financial center. At the time, the Cayman economy still largely relied on seamen’s remittances, fishing, agriculture, shipbuilding and hand crafts. Airline services were limited and the tourism sector in its infancy.
EDITORIAL – Conor O’Dea: A coup for Cayman Finance
A standard disclaimer in investment literature warns that “past performance is not indicative of future results.” But in the case of Conor O’Dea, the financial services veteran recently selected as chairman of Cayman Finance, a waiver of that warning would be perfectly appropriate.
Business in brief — Career Fair: Cayman Academy student wins laptop
At the Cayman Academy Career Fair, a year 8 student received an HP Pavilion Notebook as a prize for correctly answering a quiz on the Cayman Islands’ financial services industry.
Business in brief: Cayman Finance CEO defends Cayman at Offshore Alert conference
Jude Scott, CEO of Cayman Finance, participated in a panel at the 6th Annual Offshore Alert Europe Conference in London on Nov. 13 to discuss the recent illegal data hack and leak of personal financial information.
Business in brief – Cayman Finance CEO participates in OffshoreAlert panel
Jude Scott, CEO of Cayman Finance, was scheduled to speak at the 6th Annual OffshoreAlert Europe Conference in London on Nov. 14 and participate in a panel about the recent illegal data hack and leak of personal financial information.
Government to raise financial contribution to Cayman Finance
Government aims to significantly increase its funding of Cayman Finance by matching the financial contributions member companies are making to the association that represents Cayman’s financial services industry.
Fallout begins from Appleby data breach
The allegations are still not known but the Isle of Man and offshore law firm Appleby are trying to preempt potentially damaging media stories resulting from a data breach at the Bermuda-headquartered law firm.
New Foundation Companies Law in force
The Cayman Islands Foundation Companies regime came into force on Oct. 19 following publication of the new law and regulations in the official gazettes.
Trust conference: Attacks on offshore have gone too far
Misconceptions about what offshore financial centers really do have led to radicalized actions even by those who have reasonable policy objectives in terms of fighting financial crime and tax evasion, panelists at the Mourant Ozannes Private Client and Trust Conference argued last week.
Students complete Cayman Finance work experience program
A total of 62 students have completed the third annual Cayman Finance Student Education and Work Experience Program. Students take part in a series of classroom workshops which allow them to learn more about the role of the financial services companies and career options within in the industry.
Cayman retains position in Global Financial Centers Index
The Cayman Islands has retained its ranking as the 31st financial center out of 108 centers evaluated in the Global Financial Centers Index.
Bracker wins laptop in financial services quiz
A Layman E. Scott Sr. High School student is the winner a new HP laptop from Cayman Finance CEO Jude Scott. Matthew Giscombe was awarded the HP laptop for scoring 100 percent in a quiz on the financial services industry during a Career Fair held in March.
Cayman beneficial ownership laws take effect
The Cayman Islands on July 1 began to operate under new laws that will introduce a technology-based system to enhance its existing regime of maintaining and exchanging information about the true owners of Cayman-registered entities.
Cayman court records dispute enters international spotlight
The domestic dispute over the Cayman Islands court system’s new restrictions on photocopying public records has ballooned into a potential international incident.
Business in brief: Maples donates $50K to YMCA
The Maples group is sponsoring YMCA Cayman Islands with a donation of CI$50,000 from the Maples Foundation.
