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Taking the Bermuda message to Cayman

Delivering the Bermuda message: Yelena Packwood and Randall Krebs

More than 325 attended the annual conference of the Society of Trust and Estate Planners’ (STEP) Caribbean chapter in Cayman this week, including some from Bermuda.Representing Business Bermuda were Yelena Packwood, marketing and sales executive of Business Bermuda and Randall Krebs, executive vice-president and general counsel of Meritus Trust Company Ltd. Also in attendance were more than 25 delegates from Bermuda’s business community representing at least ten different companies.Business Bermuda was one of the sponsors of the event, themed ‘Going Global Boldly Breaking Barriers’. The conference focused on the changing role of International Financial Centres (IFCs), such as Bermuda, at a time when economic uncertainty affects the mood of trust practitioners on a global scale.“The STEP Caribbean Conference represented an excellent opportunity to meet with private client advisers from the UK, United States, and other IFCs from the Caribbean and around the globe,” Mr Krebs said.“Not only is Bermuda’s participation in conferences like this a key to increasing the flow of business to Bermuda, but it is also fundamental to creating the united front in the IFCs’ struggle to promote a fair competitive environment for international business.”Delegates travelled to Grand Cayman to attend the conference from the Caribbean as well as Latin America, Asia, Canada, Europe, and the US.Next year, the conference will be held in St. Kitts and Nevis.