The Cayman Islands has moved up 15 positions in the most recent global financial centres index (GFCI), which ranks financial centres based on instrumental factors and responses to an online survey.
This new ranking places Cayman above rival jurisdictions such as the Bahamas, Bermuda and the Channel Islands. It also means that the Cayman Islands is the second highest ranked jurisdiction in the Latin America and Caribbean region.
“The Cayman Islands was ranked at 54 in the last report published in September and it is indeed very pleasing to see the significant move upwards to 39 in the rankings,” said Jude Scott, chief executive officer of Cayman Finance.
“The index is partly based on perception and we therefore think that this is a positive reflection of how representatives of the world’s financial services industry views the Cayman Islands,” added Scott.
Global Financial Centres Index, Cayman, Cayman Finance, Jude Scott