Thu, Aug 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cayman 8 points ahead of Guernsey in Banker magazine's International Financial Centre survey

Tuesday, December 06, 2011
A survey by The Banker magazine shows that the Cayman Islands can hold their own against international standards relating to service or regulation. For the third time in a row, The Banker magazine's 2011 International Financial Centre (IFC) survey has awarded the top spot to the Cayman Islands in the Specialized Financial Centre category, besting its nearest competitor, Guernsey, by eight points.

The work of long-serving specialist banks such as Cayman Institutional Bank (CIB) goes a long way to explaining how the Cayman Islands became the world's premier Specialist Financial Centre and how they have adapted to remain at the top. Founded in 1972, CIB combines the personal service of a private bank with the sophistication and knowledge necessary to serve the demanding and complex offshore financial industry.

"We have always believed that Cayman was getting it right with its commercially sensible yet internationally responsible regulatory environment and this latest survey by The Banker shows that the larger investment community agrees," said Roger Hanson, Managing Director at CIB. "Winning the survey three times in a row is not an accident. It means we are doing something right here. At CIB, we are proud to be part of the Cayman financial community whose hard work, vision, and adaptability have contributed to this achievement."

CIB specializes in providing banking and custody services to structured corporate transactions and hedge funds in keeping with the business now transacted in the Cayman Islands although initially both CIB and the Cayman Islands had their roots in private banking. CIB offers operating accounts in all major currencies, escrow accounts, foreign exchange and term deposits, complete SWIFT narrative on statements for all incoming wires, and a client web application for straight through transaction processing and reporting.

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added