 Without his input, Cayman might well have remained the islands that time forgot.’

The Cayman Islands' tax-free status has attracted numerous banks and other companies to its shores.More than 92,000 companies were registered in the Cayman Islands as of 2014, including almost 600 banks and trust companies, with banking assets exceeding $500 billion.Numerous large corporations are based in the Cayman Islands, including, for example, Semiconductor Manufacturing International Corporation (SMIC).