Author Archives: Marco Martins

A guest blogger, Marco Martins heads up the Americas Group at Harneys, encompassing North and South America, and is also Managing Partner of Harneys’ Cayman office. He speaks fluent Spanish, Portuguese and Italian and is recognised for his approachable and accessible trusted and expert counsel.

A Cayman perspective: 2017 trends for the funds industry

2016: what a year for the Americas.  From our offices in Cayman, Sao Paulo, Montevideo and Vancouver, we witnessed a wave of fundamental – at times dramatic and turbulent – change in key markets in the Americas. From impeachment of a sitting president in Brazil, to the election of a centre-right president in Argentina to the ‘glad its over’ election in the US which ushered in centre-right control of two branches of government, 2016 brought fundamental political change across the region. Meanwhile, long-anticipated amnesty programmes in both Argentina and Brazil paved the way for large amounts of assets to be brought back into the formal economy, and away from the increasingly frigid landscapes of undeclared assets. Both programmes succeeded, perhaps even beyond expectation, as investors and common citizens embraced the welcome opportunity to regularise their positions, thus adjusting to a world where transparency and information exchange are the rule. For a jurisdiction like Cayman, this is all potentially good news. Let me explain why.

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