Cayman Finance Chairman Anthony Travers, OBE has stepped down from his post after two years in office.
According to Cayman Finance, Travers want to spend more time attending to his other business ventures and with his family. During this transitional period, the remaining board members will share directional responsibilities, and an interim Chairman is expected to be announced imminently. Further announcements will be made in due course.
“I was asked to take on the role at a time when our public relations were at a low ebb," says Travers. "At the time the UK and US Governments were extremely hostile to the Cayman Islands and our financial system and the Cayman Islands were on the OECD Grey List, we were threatened by hostile US legislation and were subject to unjustified criticism from the UK and the EU.
"I have been pleased to lead the organisation and feel we have done a great deal over the last two years to counter our many critics and establish the truth about the Cayman Islands and the value it brings to international financial transactions and the global economy. Needless to say I wish Cayman Finance and the new chairman well in its continuing endeavours.”