Hastings Consulting Ltd.
- First, a summary of the Cayman Islands. The Cayman Islands comprises of Grand Cayman, Cayman Brac, and Little Cayman. They are situated in the western Caribbean, about 150 miles south of Cuba, 480 miles south of Miami, Florida, and 180 miles northwest of Jamaica. The population is about 60,000. It was discovered by Christopher Columbus on 10 May 1503. It is a British Dependent Overseas Territory. The Governor is appointed by the U.K. The Cayman Islands is one of the most sophisticated and successful financial centres in the world, well known for the quality of its professional infrastructure. The Cayman Islands' success lies in the fact that its law derives from the English Common Law supplemented by local legislation. The close partnership between the Government and the private sector has produced modern statutes with up - to - date legislation in all areas. The courts system is also well developed. For the international financial and business community the Cayman Islands offer a stable political and economic environment with no direct taxation or exchange controls and no restrictions on foreign ownership of land, together with excellent communications and a sophisticated infrastructure supported by high quality professionals.
- Andrew McGaw, President of Hastings Consulting Ltd., is a Canadian (with Cayman Status) and was a banker with CIBC (a major Canadian bank) for 21 years, in the Province of Quebec, the Caribbean, and at that Bank's Head Office in Toronto. Part of the period was spent with the Bank's Cayman Islands Office where he was responsible for all credit in the country. He has a strong credit / corporate banking background.