Jude Scott will be leaving his position as chief executive officer of Cayman Finance at the end of this year.
When he took on the role in 2014, Scott committed to staying for two to three years with the association that represents Cayman’s financial services industry.
“With the support of the Board, the financial services industry, the government and the regulator, during my tenure Cayman Finance has proudly protected, promoted, developed and helped grow the financial services industry for the benefit of the Cayman Islands and its people,” Scott told the Cayman Compass via email.
“After almost seven years in the role, I felt the time was right for me to step down as CEO at the end of this year.”
During Scott’s tenure, Cayman’s financial services industry – and offshore centres in general – faced many challenges, including the Panama Papers revelations, tax and anti-money laundering blacklistings, and regulatory initiatives ranging from the OECD Base Erosion and Profit Shifting (BEPS) project to the UK’s imposition of public beneficial ownership registries in the Overseas Territories and global corporate tax reform.
During this time, Scott made frequent media appearances to promote the jurisdiction and outline Cayman’s regulatory framework as well as the value Cayman’s financial services industry provides to the global economy.
Cayman Finance events in the UK and the US in recent years meanwhile attempted to tackle negative perceptions of Cayman.
Locally, Scott targeted...
Read Full Story: https://www.caymancompass.com/2021/09/03/cayman-finance-ceo-to-step-down-at-year-end/
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