Opalesque Industry Update – The former Attorney General for the Cayman Islands, Richard Coles, is the new Chairman of Cayman Finance, the voice of Cayman’s financial services industry. |
Coles was appointed last week at the organisation’s AGM in Cayman and immediately declared his commitment to further develop Cayman Finance’s relationship with the Cayman Islands Government.
He said, “This organisation has developed an impressive history of working with Government to achieve its mission of promoting Cayman’s financial services industry. It is my intention to build upon this relationship further and to take the activities of Cayman Finance to a new level.”
The new chairman brings a wealth of experience to the post. Coles has been a Member of the Cabinet and Legislative Assembly, a Government Minister (appointed on the recommendation of the British Government) and acting Governor of the Cayman Islands. He is currently an independent director for hedge funds, structured finance vehicles and investment and financial sector companies and had built a successful law firm in England prior to moving to Cayman.
A new board was also elected at the AGM and the directors are as follows: Peter Cockhill (Ogier), Nick Freeland (PwC), Gonzalo Jalles (HSBC), Mark Lewis (Walkers), Roy McTaggart (KPMG), Conor O’Dea (Butterfield), David Roberts (Cayman Management), Daniel Scott (Ernst & Young), Henry Smith (Maples and Calder), Ian Wight (Deloitte).