Tag: Fidelity CEO

Cayman also plagued by growing global inequities
(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 […]

Widening inequality gap will hurt CI economy
(CNS Business): The gap between the “haves†and the “have-notsâ€, which is squeezing out the middle classes, combined with technologies that are cutting white-collar jobs could soon have detrimental impact on the Cayman Islands economy. Speaking at the recent Fidelity CEO conference, Anwer Sunderji said “global wealth has become dramatically unequally†and the gap is widening.
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