Managing Director of DMS Bank & Trust (DMS Bank), Colm O'Driscoll is delighted to share the recent news that, once again, the Cayman Islands have been confirmed as the world's number one specialized banking centre.
The established industry publication The Banker magazine recently announced the results of its 2016 survey and, for the eighth consecutive year, the Cayman Islands has maintained the top spot in this highly-regarded, global survey. Jersey and Guernsey were ranked second and third respectively in the specialized financial centres list, with the Bahamas and Bermuda closing out the top five places in the survey. The publication is part of the Financial Times Group, a globally recognized and respected finance publication and its IFC rankings are based on data ranging from financial markets indicators to economic potential and business environment factors. The ranking focuses on the level of international business and the value for institutions seeking to expand their international operations.
Other recent banking accolades have seen DMS Bank receive the High Performance in Correspondent Banking Award from BNY Mellon for the third time. DMS Bank is a specialist, boutique bank that provides banking services to hedge funds, private equity funds, fund of hedge funds and investment management companies.
Jean-Pierre Saint Victor, Managing Director & Client Executive of BNY Mellon Treasury Services Division comments "On behalf of BNY Mellon, I want to congratulate DMS Bank on winning our STP Award for the third straight year. Due to your care and attention to detail, we were able to process 92% of your payments on a straight-through basis, with no returns or exceptions. DMS Bank has been a prized and valued client of BNY Mellon and we look forward to extending our relationship."
DMS Bank is licensed and regulated by the Cayman Islands Monetary Authority (CIMA), under the Cayman Islands Banks & Trust Companies Law (2013 Revision). We partner exclusively with global, top tier financial institutions to provide clients with a comprehensive range of tailored service solutions including banking, custody, trading and cash management facilities.
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