Cayman Finance Chairman Anthony Travers, OBE has stepped down from his post after two years in office .

Travers said: “I was asked to take on the role at a time when our public relations were at a low ebb. 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.”