Cayman Business Outlook 2007
On January 18, 2007, academics and business people gathered on The Ritz-Carlton for one of the most important annual conferences in the Cayman Islands - Cayman Business Outlook.
The theme of Cayman Business Outlook 2007 - which is the 4th conference - attracted noted futurists and senior government officials from overseas. It was “Future Trends: the next 5 years”. Abound 250 people have come to the 1-day event.
The conference has been founded and organised by Fidelity and sponsored by PricewaterhouseCoopers, Consolidated Water, Digicel, RoyalStar Assurance, Admiral Administration, Five Continents Financial, Campbells, Dart Management, the Ritz–Carlton Grand Cayman and the Cayman Island Investment Bureau.
The speakers were Brett Hill of Fidelity; Noel Reilly of PricewaterhouseCoopers; J.D. Buckley of Digicel; Scott Elphinstone of Five Continents Financial; Dax Basdeo of the Cayman Islands Investment Bureau; Canover Watson of Admiral Administration, and many others.
The Hon. Kurt Tibbetts, Leader of Government Business, was among the featured speakers at the 4th annual Cayman Business Outlook conference. In his speech, he emphasized the link between business and the government in the Cayman Islands. According to him, “Cayman’s close proximity to the US; supportive, business-friendly legal framework; and stable political and economic environment have been all necessary ingredients for Cayman growth into a major international financial services centreâ€. The Leader of Government Business also mentioned latest statistics for 2006 from the Cayman Islands Monetary Authority, which shows solid growth in banking, insurance and fiduciary services.
The conference provided a glimpse of the Cayman future by means of discussing various topics ranging from how the US has positioned itself as the world’s government in the 21st century to regional immigration trends and the impact on business – so, the business climate both in and for the Cayman Islands was discussed. It goes without saying that retaining competitiveness means that Cayman businesses need to be informed on future trends and the global forces that might influence them, therefore the conference was a valuable source of information regarding this.