On behalf of CIFSA I would like to welcome Trinity Fund Administration to the Cayman Islands. Trinity has received a full Fund Administrators licence from CIMA and has now opened an office here.
Brad Cowdroy has been appointed Head of the new Cayman office. He has previously lived in the Cayman Islands while working for CIBC and PricewaterhouseCoopers, but is most recently from Goldman Sachs where he was a Vice President in Fund Administration Services.
Attracting new investment in Cayman is essential to the country and our industry. The lack of physical offices and personnel is often used as an argument against the validity of corporate vehicles created here by those with little knowledge of the structure and purpose of those vehicles. Adding to that base can only help to further marginalize those misguided comments.
CIFSA and the CIG, along with several private sector organizations like the newly formed Investment Council are working together to attract new business investment in our islands. Funds Administration and Captive Insurance are two of the more obvious areas being targeted for expansion.
CIFSA will be contacting Trinity to promote the benefits of joining our association and the need to protect their new investment here from international threats. The strength of our membership is what gives weight to CIFSA’s voice in the international community. We encourage participation from all industry participants.
Welcome back to Cayman, Mr. Cowdroy.
Now we just need to convince a few more companies to follow your example.
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