Cayman Finance has announced the appointment of Mr Jude Scott as
its new Chief Executive Officer. Mr Scott has led a highly
distinguished career within the financial services industry of over
25 years and his appointment will be well received by the
Cayman Finance Chairman Mr Ian Wight confirmed the organisation
– which represents the financial services industry in the
Cayman Islands – was fortunate to have such a well-respected
member of the community take up this vital role and help guide its
strategic development over the coming years.
"Jude is well respected in the local community and
internationally, having served on various Cayman Islands Government
and private sector committees, including the Cayman Islands Society
of Professional Accountants, the Cayman Islands Financial Services
Council, the Education Council, the Insolvency Rules Committee and
the Stock Exchange."
Mr Wayne Panton, Minister of Financial Services, Commerce and
Environment, welcomed Mr Scott to his new position.
"The Ministry of Financial Services and Cayman Finance have
a close working relationship in jointly enhancing and preserving
Cayman's financial services industry for the jurisdiction. We
are certain the appointment of such a well-credentialed individual
as Mr Scott will only serve to strengthen that relationship,"
he said. "Cayman Finance has a central role in representing
the jurisdiction, and we look forward to working alongside Mr Scott
as we continue to promote our industry at home and
Mr Scott retired as Ernst & Young Audit Partner in 2008
where he specialised in the audits of investment funds, banks and
insurance companies. As the Global Chief Executive Officer of
Maples and Calder he took an active role in the strategic growth
and development of the firm.
Mr Scott said he was looking forward to the challenges of his
new role and to working with all local and international key
stakeholders to further build on Cayman Finance's
"I look forward to ensuring this important industry
receives the local and international attention, direction, and
support that is essential to sustain the growth and development of
the Cayman Islands as a premier
international financial centre," he said.
"Working together with excellence, innovation and balance
will ensure continued success."
Virtual currency trading value and volume is soaring globally, but regulating virtual currencies and those who provide virtual currency exchange services (Exchangers) is challenging.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).