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Cayman Finance hosts roundtable discussions in New York to promote funds and trusts services

Business 27 Mar, 2024 Follow News

Back row from left, Kareem Robinson - Head of Capital Markets – Cayman Islands, Ocorian; Gaone Dube, Deputy Head of CIMA’s Investments Supervision Division; Andre Ebanks, Deputy Premier and Minister for Financial Services and Commerce; Lainey Egan, Associate Director at Cayman Finance for Funds, Wea

Cayman Finance has successfully concluded a series of client engagement discussions in New York. Using a roundtable format for the first time in the U.S., Cayman Finance connected small groups of leading industry stakeholders with representatives from the Cayman Islands Government, the Cayman Islands Monetary Authority (CIMA) and the financial services industry for constructive dialogue about the jurisdiction.

Over the course of the two-day event on March 14-15, Cayman Finance hosted three discussions -- two dedicated to funds and structured finance, and one to wealth management -- attracting a total of 40 senior executives from those sectors. Additionally, Cayman Finance organised multiple individual meetings with prospective clients to highlight the jurisdiction’s investment opportunities.

Steve McIntosh, CEO of Cayman Finance, said, “These roundtable discussions in New York City helped deepen our understanding and connection with investors in Cayman’s biggest market. The format, with senior executives from clients and onshore law firms that refer business to Cayman, produced conversations that were open and insightful about Cayman’s competitive advantages and how we can strengthen our position further in the market. We look forward to growing these relationships in future engagements.”

Deputy Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks, MP, thanked New York’s industry for their business and continuing recognition of the Cayman Islands as a sound place for investment.

“Cayman Finance’s refreshing new format felt less like client meetings and more like a productive working group of persons with shared goals,” he said. “It allowed all participants – Government, regulators and industry – to speak more candidly about our respective roles and experiences in this constantly evolving regulatory and commercial environment, and to identify ways in which we can work together more effectively.”

The roundtables enabled existing investors in Cayman to provide feedback on their experiences with the jurisdiction directly with industry and government representatives and receive updates on recent and anticipated changes in Cayman’s legal and regulatory regime. 

In addition to the Deputy Premier, participating representatives of the Cayman Islands Government included Julie Campbell, Deputy Representative for Financial Services to Europe; Rohan Bromfield, Head of CIMA’s Fiduciary Services Division; Pranav Variava, Head of CIMA’s Investments Supervision Division; and Gaone Dube, Deputy Head of CIMA’s Investments Supervision Division; Steve McIntosh, CEO of Cayman Finance; Lainey Egan, Associate Director at Cayman Finance for Funds, Wealth Management and Capital Markets and Brittany MacVicar, Associate Director for Trusts, Reinsurance and Insurance.

Cayman Finance anticipates that it will use the successful new format in future industry promotion events in key markets around the world. 


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