Cayman Finance hosted its second annual New York Breakfast Briefing on 21 January at the Harvard Club of New York City with a guest list including senior industry representatives from Cayman’s financial services firms and their New York based key clients and contacts.

Featured speakers at the event included the Hon. Wayne Panton, Minister of Financial Services, Commerce and Environment and Cayman Finance CEO Mr Jude Scott. Minister Panton provided an update on enhancements to Cayman’s regulatory, immigration and policy environments that are designed to create efficiencies and make it more attractive and easier to do business in the Cayman Islands.

Jackie Doak, Chief Operating Officer of Dart Realty, also highlighted the organisation’s inward investment into the Cayman Islands and future investment in infrastructure, covering both the tourism and financial services sectors of the Cayman economy.

“The Cayman Islands Government is constantly striving to improve its business environment to ensure that Cayman remains a premier international financial centre,” said Minister Panton before the event. “Meeting key industry stakeholders in New York and hearing their views face-to-face is an important and vital part of our strategy to ensure that Cayman remains at the forefront of financial services developments,” he added.

The event has strong support from the Cayman Islands Government with the Ministry’s Chief Officer, Dr Dax Basdeo, Councillor Roy McTaggart, and Senior Legislative Policy Advisor Mr Andre Ebanks also attended.

The Breakfast Briefing is part of a week-long schedule of meetings with leading law and accounting firms, top financial institutions and US media.

The New York event was Mr Scott’s first as the new CEO of Cayman Finance who said before arriving he was looking forward to the event which would strengthen relationships with key industry contacts.

“Events like this are key in showcasing, both locally and overseas, the close working relationship between the private sector and Government,” he said. “In addition, the benefit of providing a quality networking opportunity with senior industry representatives from Cayman and New York-based clients is tremendous, enabling us to continue to provide the services and industry products our clients require.”

“Recognising Cayman’s important role in the global financial market, it is imperative we remain accessible to our key stakeholders and proactive in promoting the advancements within Cayman – both at a government and private sector level – that keep us at the forefront of the global financial services industry.”