From Cayman Finance

The Cayman Islands has risen 13 spots in the most recent Global Financial Centres Index (GFCI), ‘GFCI 20’.

The Cayman Islands ranks 28, up from 41 in the previous survey, and its index score is 676, up from 641 in the last survey.

“Our reputation as a centre of excellence for international financial services continues to go from strength to strength and this latest ranking is proof of that.   The Cayman Islands continues to be recognised for its client centric focus and for delivering excellence in service. Clients are at the centre of our financial services industry. They are at the core of everything we do, and this approach has been central to our success as a leading international financial centre,” Mr Jude Scott, CEO of Cayman Finance said.

Mr Scott said the Cayman Islands was now the highest ranking mainstream international financial services centre.

“Cayman Finance continues to work together with other stakeholders in our financial services sector including the Cayman Islands Government and our regulator, the Cayman Islands Monetary Authority, to maintain our status as the premier global financial hub,” he said. “Survey results such as this are recognition of our high quality and experienced service providers, innovative capabilities, and legislative and regulatory balance.”

The most recent survey puts the Cayman Islands in the top 30% of all countries surveyed. The financial centres of London and New York rank 1st and 2nd respectively in the survey.

The Global Financial Centres Index is carried out twice per year.