Cayman Finance has launched a local awareness campaign about the financial services industry in an effort to raise general awareness about what the financial services industry does and its impact on the local community, economy and general well being of Cayman’s population.
As part of the campaign, Cayman Finance will be giving presentations to various organisations, associations and businesses within different sectors. These presentations will give members of these groups a chance to learn more about the financial services industry, and will provide the opportunity for them to ask any questions they may have.
“The financial services industry has such a positive impact on our community,” said Jude Scott, CEO of Cayman Finance. “We understand it can sometimes be difficult for members of the wider community to see the positive influence the industry has on all residents, but the industry accounts for more than 50% of government revenue – that’s in excess of $300 million each year – which helps to fund education, healthcare, infrastructure, charities and more.
“For example, our most recent survey of our 14 board member firms shows that $1.8 million in scholarships was awarded to 95 recipients in 2015,” he said. “The total value of donations to local charities totaled over $2.2 million. These figures really help to show the industry’s commitment to our community.”
The financial services industry employs over 5,000 people, and in excess of 2,700 Caymanians – more than any other industry. As well as offering careers for lawyers, accountants, IT professionals, marketing professionals and more, the financial services industry also is a prominent purchaser of services from large, medium and small businesses in other industries in the Cayman economy.
“It is especially important in the lead up to the election that the community understand the importance of the financial services industry,” Scott said. “It is our duty to ensure the future leaders of our country make it the priority it should be.”
Cayman Finance, Financial services, Jude Scott, Cayman Islands