Senior members of the Cayman Islands government, led by the Premier, McKeeva Bush, met with several leaders in the financial services industry at a briefing held in New York on Monday.
The event was a follow-up to a similar briefing held a week earlier in London and focused on encouraging more financial services firms in areas such as fund management and reinsurance to locate operations in the Cayman Islands.
“We are keen to create the most attractive environment possible to encourage more financial services firms to locate operations in the Cayman Islands,” said the Premier in his remarks. “Just as we built our reputation in our current lines of business such as funds, insurance and banking, we know that we need to do the same – even more so – to extend our leadership position in other areas of international financial services.”
Similar to London, the Cayman Islands delegation highlighted the new programmes and incentives identified to facilitate the domiciling and relocation process, including specific immigration policies for new investors, and boosting departments’ capacity to service investor relocation in the Cayman Islands (see Notes to Editors section).
Camana Bay, one of the private sector partners supporting the initiative, was represented at the briefing by Rick Severance. During his remarks, Severance highlighted Camana Bay’s special incentives and a dedicated lifestyle concierge for a select group of potential investors considering relocating to the Cayman Islands.
Several private sector representatives from Cayman Islands firms were also on hand to support the Government’s position, many accompanied by clients and other stakeholders with an interest in Cayman’s financial services industry. The ‘Cayman Islands Financial Services’ event marketing programme continues next week with events planned in Singapore and Hong Kong.
New York reception: Front row L-R: George McCarthy, CIMA Chair; Sam Bulgin, Attorney General; Paul Byles; Premier McKeeva Bush; Kenneth Jefferson, Financial Secretary; Canover Watson, Managing Director, Admiral Administration; Back row L-R: Mark McIntyre, Head of Corporate Banking, HSBC Bank (Cayman) Ltd; Chris Saunders, Chief Financial Officer, HSBC Bank (Cayman) Ltd.