No successor was immediately named.
Travers, who is currently also chairman of the Cayman Islands Stock Exchange, did not give a reason for his departure beyond suggesting that he felt his work at the organisation was done.
In a statement, he noted that he was "asked to take on the role at a time when [Cayman’s] public relations were at a low ebb”.
“At the time, the UK and US governments were extremely hostile to the Cayman Islands and our financial system, the Cayman Islands were on the OECD ‘grey list’, we were threatened by hostile US legislation, and [we] were subject to unjustified criticism from the UK and the EU,” he explained, but now, "the truth about the Cayman Islands and the value it brings to international financial transactions and the global economy” have been established.
Travers said he wished Cayman Finance and its new chairman well in their continuing endeavours.
Travers, 60, who has been outspoken recently on the subject of a supposed exodus of investment funds from the Caymans to Dublin (which he maintains is untrue), is a former managing partner for Maples & Calder, the Cayman Islands-based international law firm. He received an OBE in 1998 for his services to the government and the financial sector, according to his personal website.
Travers was raised and educated in the UK, but has spent most of his professional life in the Caymans.
