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Anthony Travers, OBE

Chairman, Cayman Islands Stock Exchange

Speaking of Michael Ryan, whom he has known since Ryan moved to the Cayman Islands in 1997, Anthony Travers said, “When we see the huge infrastructure development of tourist destinations like Dubai, and the strides made by close competitors such as the Turks & Caicos Islands and Cuba, it seems clear that without capital commitment of The Ritz-Carlton and the perseverance of Mike Ryan, the long term tourist sector in the Cayman Islands would soon be uncompetitive.

 

It does require a great deal of vision, entrepreneurial skill and business acumen to undertake a project of this quality,” Travers said, referring to The Ritz-Carlton, Grand Cayman Resort. “There are certainly stylistic arguments for and against the project but the fact of the matter is that those who criticize Mike are looking increasingly out of touch. What is clear is that notwithstanding the storm, The Ritz-Carlton represents a new standard of excellence in the hotel and condominium industry in the Caribbean.”

 

Travers added: “A good deal of the criticism has verged on the unfair. The question of whether the Cayman Islands has a tourism industry and the type and development that should be permitted under it is very much a policy matter for the Cayman Islands government. Having set those policies, we should be grateful for those who are prepared to invest the capital and make the commitment to raise the standard.”

 

About Anthony Travers, OBE:

Anthony Travers, OBE, is the Chairman of the Cayman Islands Stock Exchange, former Chairman of Cayman Finance and former President of the Cayman Islands Law Society. He spent his thirty-year legal career years with leading offshore law firm Maples and Calder where he served as Senior Partner and a Managing Partner for over twenty years both in Cayman and in various foreign offices that he established for the firm.  He retired from Maples and Calder in 2006. In December 2012 Anthony stepped back into private practice as the Senior Partner of Cayman Islands and BVI boutique law firm Thorp Alberga which was renamed Travers Thorp Alberga. He has extensive experience in all aspects of Cayman Islands law and has worked closely with the Government in the development of Cayman Islands legislation particularly the Mutual funds and Private Equity legislation and legislation relating to the establishment of Private Trusts. In 2011 the inaugural FCI 500 list of the most influential people in financial centers listed Anthony Travers #95. Anthony was made an Officer of the Most Excellent Order (OBE) for his services to the Government and the Financial sector in August 1998.

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