September 22, 2020

Leadership Cayman (LC) immersed in Financial Services

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The Chamber of Commerce’s Leadership Cayman (LC) group was immersed in productive conversation recently regarding the Financial Services landscape in the Cayman Islands. This took place within the programmes’ ninth seminar scheduled on May 9th, 2012. On the 7th floor of the Butterfield Place building in George Town, the evening kicked off with a social and discussion in the

“Chairman’s Den”. Participants got the opportunity to interact with some of Cayman’s leading and influential business entrepreneurs and decision-makers in the financial service sector. Throughout the seminar, LC members were exposed to a number of issues affecting the various facets of the Financial Services industry in the Cayman Islands, from the Regulator through to the Auditor. From

the Regulator’s perspective, the class explored the increasing burden of implementing and complying with Foreign jurisdiction requirements. From the Auditor and Fund Manager’s perspective, the group looked at whether the cost of doing business locally was going to have a detrimental effect on the competiveness of Cayman as a jurisdiction. Further discussions were held regarding the pertinent factors which continue to make the Cayman Islands a niche jurisdiction compared to competitors both on and offshore.

Seminar Sponsors were Deloitte and Butterfield Bank. Group Organisers were Simon Garnett (LC Chair for 2012), Nancy Kirkaldy-Barnard and Kimberly Arch.

Guest Speakers were:

• Mrs. Cindy Scotland, Managing Director, Cayman Islands Monetary Authority

• Mr. Dan Scott, Regional Managing Partner, Ernst & Young

• Mr. Don Seymour, Founder & Managing Director, DMS Offshore Investment Services

“I believe the programme is outstanding and capable of helping leaders realize their highest potential forsuccess.” Don Seymour

“As a programme participant and moderator of the Financial Services seminar, the opportunity to connect with panelists of this calibre, privately discuss challenges, share information, and gain a greater understanding of the industry was invaluable. This was truly an example of Leadership Cayman’s reputation of offering exclusive access to key speakers that would not be possible otherwise. With our combined efforts we are able to identify key issues within the community and can now collectively execute solutions to help shape a better future for our islands. I would like to thank our speakers for their time, expertise and generous conversation. I would also like to thank our sponsors, Deloitte and Butterfield for

their continued support of this programme.“ Kimberly Arch

Leadership Cayman (LC) is a dynamic, intensive, interactive, six-month experience designed to

promote and enhance community leadership through an in-depth introduction to social, economic, business and political issues in the Cayman Islands. LC class members interact with diverse, high-level community leaders and decision-makers by organising and attending a series of seminars and retreats in fields ranging from business, government, education, media, social services, criminal justice, diversity, the arts, finance and more. Through these interactions, members learn about their personal leadership styles, nourish their community spirit and gain invaluable understanding of how our community works.

 

 

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