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.
Given the financial and political situation in Britain and Europe right now it is likely that more and more British people will look to move their pensions out of Britain, with a QROPS in France possibly the most popular potential option.
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