Cayman also plagued by growing global inequities
Anwer Sunderji, Chairman Fidelity Group
(CNS Business): Despite global economic growth, inequality is worsening and the Cayman Islands is just as susceptible to the growing inequities in the world as the main onshore jurisdictions, according to Fidelity Group Chair Anwer Sunderji. “As the world’s rich get richer, the middle class is struggling; the top 1% of the population receives a quarter of the income in the United States,” he said, as he announced the theme of the 14th annual Cayman Economic Outlook (CEO) conference: “Think: Inequality. Addressing the Global Imbalance”.
“Inequality is a far-reaching global issue resulting in political instability, unemployment, conflict and poverty. We are not immune from the ramifications of inequality in Cayman,” he added.
A popular conference locally, the CEO, which is set for Tuesday 19 January, not only plays host to a range of international and local speakers tackling controversial issues, it also provides a platform for the Cayman premier to deliver a ‘state of the nation’ type address to the business community.
This year’s conference line-up includes global economist and World Economic Forum Young Global Leader, Dr Dambisa Moyo, who will address geopolitical conflict and instability. Her work focuses on translating trends in markets, politics, regulatory matters and economics into their likely impact on global business.
Dr Vikram Mansharamani, an experienced global equity investor and Lecturer at Yale University and author of Boombustology: Spotting Financial Bubbles Before They Burst, will share his vision of global prosperity and how it will affect those doing business regionally.
RBC’s Chief Economist Craig Wright will be looking at the “underwhelming recovery” and author Rasmus Ankersen will share insights on how successful companies kill complacency and stay ahead.
Fidelity CEO 2016 will be held at the Ritz-Carlton, Grand Cayman on Tuesday 19 January 2016. For more information visit www.fidelityceo.com
Category: Finance, Financial Services
It would be so nice if Fidelity would do its part by dropping the interest rate of their loans to help the middle class in Cayman ? Hmm