Wealth management and advisory firm Blacktower Financial Management has unveiled Blacktower Cayman, a fully-regulated financial planning company established in the Caribbean island.
The wealth firm had already been licenced to work in the Cayman islands in 2015 under its European business.
Following the opening of Blacktower Cayman, the company said it plans to expand into the surrounding Caribbean islands, as well as Panama, Mexico and grow further in the Latin American region.
Local operations
“We have employed Caymanian staff and are working with local education facilities to provide work experience and internships,” said Ally Kerr, Blacktower’s director of Americas.
“We believe it is imperative to support the surrounding community in this way.”
John Westwood, group founder and managing director at Blacktower, said: “While, of course, we have been fully licenced by [the Cayman Islands Monetary Authority (CIMA)] to operate on the island since our beginnings in 2015 under our European Business, to now obtain the permissions to operate as a fully Caymanian entity is a real milestone for Blacktower.”
