As the fifth largest financial centre in the world, Cayman’s financial services industry requires a sophisticated level of expertise to keep the industry running smoothly, quite apart from the professionals that you would usually associate with finance (i.e. bankers, lawyers and accountants.) Keeping the often complex IT aspect of business running on an even keel requires the same level of professionalism that you would expect from a law firm, hence the quiet, steady success of MCS. The firm provides the specialised IT framework within which firms can operate, whilst working to the same professional service levels as the firms to which they provide their services.
Chris Lopez, CEO of MCS confirms, “Around 80 per cent of the financial service providers in Cayman currently benefit from the expertise of our professionals. We provide advanced professional consulting services which are integrated at the business level, giving companies the opportunity to implement measurable business benefits through IT tailored to their specific needs.”
The company is split into two strategic practices which integrate seamlessly to provide a holistic solution for companies.
The Core Technologies practice provides a broad spectrum of enhanced enterprise IT infrastructure services including planning, design, implementation and documentation of IT systems, as well as infrastructure reviews and IT health audits, VOIP and IP telephony, vulnerability assessments and IT security audits.
Garry Southway is VP of Core Technologies and says the Core Technologies side of the business delivers the critical framework, paving the way for the Financial Solutions practice to deliver the additional vital layer of value to the client.”
Dr Richard Collett, VP of Financial Solutions says that this holistic approach to satisfying the needs of its clients means that the service offering by MCS is a compelling all round proposition: “The Financial Solutions practice has a team of savvy professionals who understand the intricacies of the offshore financial services industry and possess a broad range of consulting skills and in depth experience , enabling MCS to deliver leading edge solutions and business value to the industry,” he says.
Company and trust administration, company and trust client accounting, document management, business intelligence and business performance management, as well as legal time and matter billing systems are just some of the solutions that the company has provided for its financial service industry clients in the region.
Hiring the right people for the job is a critical factor in the continued success of MCS. As Chris explains, “We hire senior certified consultants who are highly accredited and possess significant experience with a successful track record of connecting with companies at a business level, as well as at the IT level.”
To that end, individuals will be cross qualified in a variety of leading market disciplines.
Born and nurtured in Cayman’s offshore financial services industry, MCS has seen an exciting expansion of its services globally, injecting teams of professionals into the various overseas jurisdictions to undertake projects for clients.
Chris confirms, “Financial service providers based in the Cayman Islands have spread their wings and expanded overseas, opening branches abroad where they have seen a need for their services. At the same time, our professionals have been required to provide the same quality service to these overseas branches as we have provided on-island to the firm’s head office. As a result we have exported our expertise to jurisdictions such as the US, Canada, the Bahamas, the BVI, Jersey, Barbados and Switzerland.”
Djon Brown, MCS Client Relationship Manager, says the firm is now poised for tremendous growth as the MCS brand continues to develop at speed internationally.
“Word of mouth is a wonderful marketing tool. Firms in overseas jurisdictions in which we have already operated are impressed with the strength and breadth of our services,” he states.
Chris says one of the primary reasons for the success of his firm is the high quality of delivery MCS provides to its clientele via its seasoned professionals.
“Those who engage our services can be assured that we understand their business needs. They know that we appreciate the importance of each project to the success of their business and they know we can deliver the same value proposition to them as they do to their own clients. We speak the same language.”