Hundreds of people have boosted their knowledge about the Cayman Islands financial services industry and its importance to the local economy and learned why the jurisdiction has become a premier global financial hub through a new initiative launched by Cayman Finance.

The Industry Ambassador Programme featured four e-learning modules: an overview of the Cayman Islands financial services industry; the role of the Cayman Islands financial services industry to the local economy; the role of the Cayman Islands financial services industry to the global economy; and what a tax haven is and why Cayman does not meet that definition. Each module consisted of videos, accompanying material and finally a short quiz to test participants’ knowledge.
Although the platform was targeted mostly to those working at Cayman Finance member firms, it was open to the general public and many other residents of the Cayman Islands participated in the programme.

“I was delighted with the development of the programme, with many of our members utilising the online platform as a way to reinforce factual information about the success of the Cayman model when it comes to developing a well-regulated jurisdiction that has become a global leader in financial services,” said Cayman Finance CEO Jude Scott.

Participants who received an overall grade of 80% or higher were entered into a grand prize draw. Vanessa Hansen of the Cayman Islands Institute of Professional Accountants (CIIPA) was selected from a random draw of Cayman Finance members who met the criteria. She has won a 5-day Caribbean cruise for two. In the draw of non-Cayman Finance members, Simranjit Singh of Global Captive Management won a 2-day local staycation.

“Congratulations to all of those who took part and especially to the winners,” said Bryan Hunter, the chair of Cayman Finance’s Public Awareness Committee. “We look forward to using the online platform that we used for the Industry Ambassador Programme for other purposes, including as a training tool for HR Managers to use for their orientation programmes for new employees.”