The Cayman Islands has moved up an impressive 15 positions in the most recent Global Financial Centres Index (GFCI).
“The Cayman Islands was ranked at 54 in the last report published in September and it is indeed very pleasing to see the significant move upwards to 39 in the rankings”, said Mr. Jude Scott, CEO of Cayman Finance.
Cayman Finance notes that this new ranking puts it above a number of competing jurisdictions such as the Channel Islands, Bermuda and the Bahamas.
“The index is partly based on perception and we therefore think that this is a positive reflection of how representatives of the world’s financial services industry views the Cayman Islands”, added Mr. Scott.
The Index also revealed that the Cayman Islands is the second highest ranked jurisdiction in the Latin America and Caribbean region.
The Global Financial Centres Index is carried out twice per year and over 2,000 respondents participated in this most recent survey.