blacktower expanding into caribbean latam
The UK- and Gibraltar-based Blacktower Group is expanding into the Caribbean and Latin American markets, with the establishment of an office in the Cayman Islands.
The UK- and Gibraltar-based Blacktower Group is expanding into the Caribbean and Latin American markets, with the establishment of an office in the Cayman Islands.
The UK has published an intergovernmental agreement to improve international tax compliance with The Cayman Islands.
Coutts & Co is shifting its “growing” international trust business to Jersey, and as part of this strategy is looking for a buyer for its trust operations in the Cayman Islands.
The deVere Group plans to open its first office in the Cayman Islands within days, and will aim to staff it initially with around “four to six advisers”, according to chief executive Nigel Green.
UK chancellor George Osborne claims to have a made a “significant step forward in tackling illicit finance”, after the Treasury announced “all British Overseas Territories with significant financial centres” had agreed to sign up to its latest strategy on tax transparency.
Managing Partners Ltd, a Cayman Islands-registered asset manager, has revealed that it “imposed a redemption gate” on its Traded Policies Fund, becoming the latest traded life policy fund manager to move to limit redemptions.
The Cayman Islands premier Juliana O’Connor-Connolly has written to the UK prime minister David Cameron to offer to join the G5 countries’ pilot project on the automatic exchange of bank account information.
The former premier of the Cayman Islands, McKeeva Bush, yesterday was charged with 11 counts of breech of trust, misconduct and theft.
A four-day conference of leaders from Commonwealth countries around the world begins in the Cayman Islands today, as politicians on the island debate whether to turn down the UK’s Foreign & Commonwealth Office’s request to send observers to monitor the territory’s elections in May.
Cayman Finance, the association which represents the interests of the Cayman Islands financial services industry, has named Gonzalo Jalles to the newly-created post of chief executive.
McKeeva Bush has been replaced as premier of the Cayman Islands by the territory’s deputy premier, Julianna O'Connor-Connolly, it has been learned, as elections are set to take place in May.
Offshore financial centre the Cayman Islands, long famed for its secrecy, is reportedly planning to open thousands of companies and hedge funds domiciled there to increased scrutiny.