Cayman Finance has revealed a pilot programme aimed at creating a pathway for high-performing students into the Cayman Islands financial services industry.
In partnership with the Ministry of Education, Employment and Gender Affairs and the Ministry of Financial Services, Commerce and Environment, Cayman Finance will support up to 50 Caymanian year 12 students from the Government dual-enrolment programme.
The pilot scheme, which will begin in May 2015 and run for 12 weeks, involves three elements, including in-class workshops, one-on-one coaching and a paid work experience placement. If successful, the initiative will be expanded next year.
Jude Scott, chief executive officer of Cayman Finance, said: “Cayman Finance believes strongly that developing close links with appropriate students and aiding their career progression in the formative stages is incredibly important to building the next generation of employees for Cayman’s financial services industry. We have a world-class financial industry so investing in world-class performance, capability and capacity is the right action to be taking.”
Wayne Panton, Minister for Financial Services, added: “While a number of firms have long supported educational experiences for our students, this initiative is the first to harness the collective strength of our financial services industry.
“This is why my Ministry is pleased to contribute to this joint programme. It’s a positive step forward in improving opportunities for young Caymanians, and in teaching them how to be ‘job-ready’ and ‘world-class’.”
Tara Rivers, Minister of Education, Employment and Gender Affairs, said: “Promoting public-private partnerships in the education and training of our young people is something that I have long advocated for, and is especially relevant when considering the largest industry in the country. Enhancing potential future employment prospects for students in tandem with and by educating them on the various aspects of the financial industry through classroom instruction and targeted work experience makes perfect sense."
Cayman Finance, Cayman, Wayne Panton, Jude Scott, Financial Services