Women represent only 19 percent of staff in the alternative investment industry. Among senior staff only 11 percent are women, a study by Preqin shows.
The Chamber of Commerce celebrated 16 Grand Award recipients at the Chamber of Commerce Business Excellence Awards at The Ritz-Carlton, Grand Cayman in October. The inaugural event attracted more than 200 guests, as well as Joseph Hew, the Minister of Commerce, Planning and Infrastructure, and Roy McTaggart, the Minister of Public Finance and Economic Development, both past presidents of the Chamber of Commerce.
There are two forces holding down long-term interest rates in the U.S. currently, despite above-trend economic growth which might otherwise point to higher rates. The first is the U.S. Federal Reserve’s balance sheet expansion, or quantitative easing as it is known in the markets. The second is a pronounced slowdown in measured and expected inflation over the course of 2017.
If you want the best structure to manage property or conduct a business, for the benefit of a family, or to fund a philanthropic project, or to carry out a plan of any kind whose goal is not simply to make money for members, please take a look at Cayman’s new foundation company – introduced by the Foundation Companies Law that came into force on Oct. 18, 2017.
The implicit promise of quiet relaxation that comes with retirement has been far from the reality for former Equifax CEO .The fallen executive’s career came to an abrupt end in September following a security breach that implicated the personal data of more than 145 million Americans.
Government officials and industry professionals have long stressed the importance of regulatory compliance for their firms and for the wider financial services industry in the Cayman Islands.
In the wake of a devastating hurricane season, much of the Caribbean has been forced to take on massive rebuilding efforts in coming months.
Almost 20 months after the buyout of Barclays’ trust and fiduciary business and the launch in seven jurisdictions, trust and corporate service provider ZEDRA finally held its official launch party in Cayman in October.
The prescription is fascinating, sensible and easy to remember – and it might save your life: Shop the perimeter.
While 222 million euros has a nice ring to it, the largest-ever transfer fee for a football player – Brazil’s Neymar – has also caused a ringing in the ears of owners and managers at the world’s top clubs.
Investors who deal intensively with the stock market are always looking for stocks whose value continues to rise over long periods of time. The “value creators” ranking provides guidance in the search for exactly those kinds of stocks.
Tucked away on the third floor of the Government Administration Building, the Maritime Authority of the Cayman Islands does much of its work out of the public spotlight.
At an unspecified date in 2019, the Cayman Islands will introduce far stricter privacy protection rules affecting every business that processes customers’ or clients’ personal information.
The delivery of four 160-seat fuel-efficient Boeing aircraft late next year will at last allow Cayman Airways to consider new routes throughout Canada, the U.S. and potentially South America and Central America.
In a once-unlikely David and Goliath-type scenario, geographically isolated nations like the Cayman Islands sit poised to take on global marketing giants and shake up the world of digital media. Speaking from the Kimpton Seafire Resort in Grand Cayman, Google AdWords digital marketing ambassador Joshua Weum described an evening of the playing field for small contenders, ushered in by unprecedented access to digital platforms.
Six trucks carry the tires to the conveyor belt, which lifts them high above an industrial hopper, dropping them into a shredder that reduces each one to two-inch rubber chips in five seconds. Despite an astonishing capacity to process between seven and eight tons of steel-belted radials – and others – each hour, Island Recycling and its Guernsey Recycling Group partner are likely to need nearly a year to process the half-million tires collected at the George Town landfill during more than a decade.
The ceremony was less than “historic,” but marked a minor milestone as Cuba’s first electric car was handed over in Havana on March 17 to its Guyana Embassy owners by Cayman Automotive’s John Felder. Felder’s U.S.-based Premier Automotive Export subsidiary of Cayman Automotive shipped the US-built, four-door Nissan Leaf to Havana in late February.
On Jan. 17, 2017, Brian Leveson, QC, approved the entry by Rolls-Royce and the Serious Fraud Office into the largest deferred prosecution agreement of its kind. In what is a timely reminder for all regulated entities – including those in the Cayman Islands – Rolls-Royce’s cooperation with the regulator was considered to be an important factor in determining that the DPA was appropriate.
Education will be a central priority for new Cayman Islands Chamber of Commerce president Kyle Broadhurst. The attorney succeeded 2016 president Paul Pearson in February. While Broadhurst will serve a quick year in the role, he hopes to use his term to solidify educational collaboration between the chamber and government.
Rental prices in Cayman are on the rise and considered expensive by most, but an international comparison shows they are still moderate compared to other international financial centers. Research by RENTCafé, a U.S. apartment search website, places Cayman behind 18 of the top 30 international financial centers in terms of apartment rental costs.