Jalles to depart Cayman Finance

Gonzalo Jalles, the chief executive officer (CEO) of Cayman Finance, is set to leave the organisation in mid-November.

Jalles began the role as the first CEO of Cayman Finance in January 2013. Prior to this, he was principal of his own financial services consulting company and was CEO of a local bank for nearly six years. He is also a past president of the Cayman Islands Banker’s Association.

Ian Wight, chairman of Cayman Finance, said: “Gonzalo, in his role as the first CEO, has been instrumental in raising the profile of the CaymanIslands and has tirelessly built key relationships internationally, to great benefit for the organisation and the jurisdiction.”

“During his tenure, we were able to increase the membership of Cayman Finance by 34 percent, making it a truly representative body for our industry,” Wight said.

“The Cayman Islands Government recognises Cayman Finance as the main consultative body of the Islands’ financial services industry and the importance of its role in promoting and representing the jurisdiction. In support of its commitment, the government’s financial contribution to the Association has increased by 40 percent over the past two years.”

Jalles said: “It is time for me to take a new, exciting challenge with another firm in the Cayman Islands and give Cayman Finance the opportunity to renew leadership and further progress its cause.

“I am pleased that during my tenure we have fostered an even strong partnership with Government which must be preserved and enhanced for the benefit of all people living in the Cayman Islands,” he said. “I will continue to do everything I can for Cayman Finance as part of my new role with a member firm.”

The Honourable Wayne Panton, Minister for Financial Services, Commerce and Environment added: “We thank Mr Jalles for his leadership during his tenure as Cayman Finance’s CEO, and we look forward to continuing the good work between Government and Cayman Finance in the future, on behalf of our jurisdiction.”