Local fund experts to get inside scoop on Washington

| 04/10/2010

(CNS): The Cayman financial services sector and its relationship with Washington Law makers will be one of a number of issues examined at “Cayman Fund Focus, 2010” on Friday. As the movers and shakers in the hedge fund sector gather at the Ritz for the one day conference Robert Herriott, will address such questions as the extent to which Cayman is on “the US political-process radar”. The conference will be examining evolving investment strategies in a shifting international regulatory environment and d hear from a number of local contributors as well as international experts.

Hosted by local legal firm Campbells the one-day conference at the Ritz-Carlton Grand Cayman kicks off at 7:45am. Herriott from the US-based asset-management firm Constellation Investment Consulting will draw on both his personal and professional experience, as a Washington “insider”, to explore the dialogue between Cayman’s financial-services industry and Washington, D.C.  lawmakers. He will examine Washington’s political and legislative attitude to financial services and offshore jurisdictions, the practical impact on US policymakers of Cayman lobbying efforts; and insights into “Washington’s real agenda”.
The conference will also look at the broad regulatory environment in both in the US and the Cayman Islands, in the wake of recent political campaigns, a global recession and increasingly vociferous public attitudes toward offshore financial centres.
Keith Miller and Mitch Nichter, both from the international Los Angeles-based law firm Paul Hastings, will lead a 75-minute “Regulatory Roundup US”, discussing changes, both recent and imminent, in Washington policy and US legislation.
The session will be followed by “Regulatory Roundup, Cayman Islands”, a one-hour survey of the local environment. Led by CIMA’s Yolanda Banks-McCoy, head of investment and securities at the Cayman Islands Monetary Authority (CIMA), the panel also comprises Donnacha O’Connor of Dublin’s Dillon Eustace; and John Wolf, Head of Campbells Corporate and Commercial Department. The discussion will be moderated by Gary Linford, co-founder of DMTC Group Limited and Ms McCoy’s predecessor at CIMA.
The Friday conference starts with breakfast and an introduction by Campbells Managing Partner Alistair Walters, followed by keynote speaker Cindy Scotland, CIMA managing director.
“We hope to provide all those attending — regulators, managers, investment specialists, accountants and legal advisers — a strong, comprehensive overview of shifting sentiment, social and political, both local and international, toward the financial-services industry,” Walters said.
“In such a dynamic, high-profile business, the shifts and swells in the landscape come fast and come relentlessly. It behoves all of us, institutions and clients alike, to understand what we are facing and where we are headed,” he said.
Other topics at the conference include perspectives from investors and service providers, and restructuring, liquidation and litigation issues.
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