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New Governor Brings Confidence to Financial Management Industry

Although he will hold the post on an interim basis, it is anticipated that Mr Roper will bring the kind of authority, stability and innovation to the role that is likely to see him significantly outlast the initial 6-9 months trial period – news sources report that he would like to have the job for the long-term.

“I am delighted to be appointed to the role by Her Majesty The Queen. It is a great privilege and honour. I take great pride in being part of the Cayman Islands and having an opportunity to serve its people,” Mr Roper told press.

“I will work in a spirit of collaboration and partnership with the Premier, elected politicians and all sectors of society.”

It will be interesting to see how Mr. Roper adjusts from working in Beijing – one of the world’s most densely populated and polluted cities – to being situated in the Cayman Islands, a relatively small and thinly populated island paradise. However, there will be some similarities. For example, in Beijing Mr. Roper regularly worked with cross-border investment professionals; this is likely to continue in the Cayman Islands, as the British Overseas Territory’s prosperity largely depends on the health of the financial management industry.

Financial Management in the Cayman Islands

The Cayman Islands is an important global financial jurisdiction, particularly for UK expats and for those who are committed to the development of offshore businesses.

Blacktower FM has an office in George Town, and our specialists can help you ensure your money works for you. From pension planning and pension transfer schemes to savings, investments and tax planning.

Whether you wish to discuss your general wealth management needs, require SIPPs or QROPS advice, or perhaps you would like to plan overseas asset management, speak with us today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Could Spain be heading for its own EU referendum?

Red PencilThe process of Brexit is a complicated business. It’s been a year since Britons voted to leave the European Union. But how has Britain’s controversial decision and its handling of the situation thus far affected other EU countries’ views of the Brussels-based Union? Has the uncertainty faced by the British Government convinced others to stay put, or do they wish to follow suit and have a Frexit, Spexit, Grexit, etc.?

A recent poll by Pew Research Centre gathered opinions from almost 10,000 people from 10 European countries including France, the Netherlands, Spain, Germany, Poland, Sweden, Italy, Greece, Hungary and UK. The purpose of the survey was to find out the attitudes towards Brexit and the EU from across Europe. It questioned respondents on topics such as would they want a referendum of their own and whether they think Brexit is positive or negative for Britain and other member countries.

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