The latest survey published by the Global Financial Centres Index has again established Cayman’s strong presence among the world’s top ranking offshore financial centres.
Cayman was placed third in the Global Offshore Financial Centres category, ahead of all competitors in the region including the British Virgin Islands, Bahamas, Bermuda, and Panama.
A number of factors are taken into consideration when producing the rankings and these are grouped into five broad “areas of competitiveness”: business environment, financial sector development, infrastructure, human capital and reputational and general factors.
Gonzalo Jalles, chief executive officer of Cayman Finance, believes the Cayman Islands ticks the boxes in all of the above criteria.
“The Cayman Islands excels in the depth of its service offering due to its exceptionally high quality of service professionals working within the financial services industry. We are well known globally among our peers for offering superior service, and we have a strong diversity within our product, excelling in insurance, banking, professional services, and investment management — all working within a well-regulated jurisdiction,” he said.
“It therefore comes as little surprise the Cayman Islands again ranks so highly in the Global Financial Centres Index.”
Global Financial Centres Index, Cayman, Rankings, Gonzalo Jalles