Sun, Aug 28, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new