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Business Outlook will appeal to a wide audience

 

By Basia Pioro McGuire, basia@cfp.ky

Tuesday 22nd December, 2009   Posted: 15:37 CIT   (20:37 GMT)

The Cayman Business Outlook, an annual event presented by Fidelity, is making a name for itself as a must–attend event in Cayman’s conference calendar.

cayman business outlook

The sponsors of this years Cayman Business Outlook urge everyone interested in hearing about Caymans future in a new global economic climate to attend.
Photo: Basia Pioro McGuire

Attendees can expect a big–picture view of the latest economic and social issues impacting Cayman at the event, which will be taking place on 21 January 2010 at the Ritz–Carlton, Grand Cayman.

Once again bringing together economic and business thinkers, decision–makers, and influential figures to hash out the issues of the day, the theme and title of the conference is ‘Prospering in a Grave New World’.

The conference organisers say the coming decade will be characterized by less financial leverage, more regulation, slow job growth and a declining role for US consumption as a global engine of growth. All these factors will have knock–on effects for Cayman.

“It is easy to become insular living on a small island like Cayman,” said Fidelity Chairman Anwer Sunderji.

“Economies across the globe have been reset, and it is likely that they will not go back to where they once were.”

As the impacts on the global economy, and on Cayman, extend far beyond the financial sector, Mr. Sunderji urged everyone who was concerned about the impact of any of the issues on Cayman to attend.

“People are discovering thrift, scaling back their consumption, and we need to come to terms with this new environment,” he said.

He noted that thrift not only impacts big businesses but everyone else as well in many different ways.

Offering a mix of speeches and interactive elements, organisers say they hope to provide insight to individuals, companies and nations to boost productivity, fuel growth and prosper in this new climate.

Remarks from Premier McKeeva Bush will open the conference, and the keynote speaker will be former chief economist at the International Monetary Fund, Simon Johnson, an authority on the financial sector and economic crises.

Now a professor at MIT’s Sloan School of Management and a senior fellow at the Peterson Institute for International Economics in Washington, D.C., Mr. Johnson is co–founder of a popular blog on the global economy, BaselineScenario.com.

Also speaking will be at New York University economics and finance professor, Ann Lee, an expert on financial derivatives and the global financial system, and Margaret A. Neale, the faculty director of three executive management and leadership programmes at Stanford University.

Returning to his role as panel moderator is Gary Linford, a local financial services entrepreneur and former head of the Investment and Securities Division of the Cayman Islands Monetary Authority.

Building on last year’s successful debate between Premier Bush and then–Leader of Government Business Kurt Tibbetts, the title of the 2010 panel is “Jobs, Prosperity, Politics and Crime; What’s in store for Cayman?”

The public is encouraged to submit questions to panellists Commissioner of Police David Baines, Pastor Al Ebanks of Agape Family Worship Centre, Auditor General Dan Duguay, financial advisor to the government Paul Byles and attorney and immigration expert Sherri Bodden.

The deadline to submit questions is Monday, 18 January.

“There are a lot of issues out there, for instance that employers and employees are more mobile,” said Mr. Linford.

“The days are gone that Seven Mile Beach and the nice weather are sufficient to attract workers to Cayman.”

He also noted that there needs to be a balance and buy in on issues from the Cayman electorate, further supporting the appeal for more members of the public sector local businesses to attend the conference.

“The church is one way issues are communicated in the community, that is why Pastor Al will be there, and Sherry will be there to talk immigration. Topics will be discussed in a respectful manner and I will be there to make sure the panellists won’t dodge the issue,” he said.

Along with primary sponsor Fidelity, http://economix.blogs.nytimes.com/author/simon–johnson/Cayman Business Outlook sponsors are Admiral Administration, Campbells Attorneys–at–Law, Consolidated Water Co. Ltd., DART, Five Continents Financial Limited, PricewaterhouseCoopers, the Ritz–Carlton, Royal Fidelity and Royal Star Assurance.

Questions for the panel can be submitted to conference–moderator@dmtc.group. All submissions are confidential and will remain anonymous.

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