The RF Economic Outlook (RFBEO) Conference, held on March 14, 2025, at the Kimpton Seafire Resort, brought together industry experts to discuss the rapidly changing global economic landscape. With the theme "Escalating Global Conflicts: Power Shifts & Opportunities," the conference provided a comprehensive platform for examining the most pressing geopolitical and economic trends, their implications for the Caribbean, and the opportunities and challenges they present.
Opening the event, Steve McIntosh, CEO of Cayman Finance, set the stage for a day filled with expert insights and thought-provoking discussions. He was followed by David Slatter, Vice President of Investments at RF, who shared updates on new initiatives at RF Bank & Trust, including the introduction of RF Advisors. In his remarks, Slatter emphasized the importance of businesses staying ahead of the curve, highlighting that "Success is about preparation" and urging companies to “move with the market, not behind it.”
The conference featured a diverse roster of speakers, each offering valuable perspectives on global issues and trends. KT McFarland, former Deputy National Security Advisor of the United States, explored the current U.S. leadership’s outlook and how it influences global decision-making. Her analysis focused on the shifting power dynamics in world politics and how the U.S. approach to foreign policy is evolving under current leadership.
Dr. Helen Papagiannis, an expert in artificial intelligence (AI) and immersive technology, delved into the future of AI and its integration into everyday business practices. She discussed how AI is transforming industries like banking, travel, and customer service, offering personalized experiences that meet the demands of an increasingly tech-savvy consumer base. However, Dr. Papagiannis cautioned that AI must align with a company’s broader goals and be used to amplify human potential rather than replace it. “It’s not about one or the other,” she said, referring to the role of AI alongside human capabilities, stressing that AI should be viewed as a tool to support businesses, not replace them.
Admiral Mike Rogers (Ret.), former Director of the National Security Agency (NSA) and head of U.S. Cyber Command, provided insights on the growing intersection between technology, national security, and economic stability. He emphasized that data is becoming a central driver of business, urging companies to prioritize cybersecurity in the face of rising threats like ransomware and malware. Rogers also highlighted the human factor, noting that "The greatest challenge is not changing technology—it’s changing human behavior," underscoring the need for individuals and organizations to take proactive steps in protecting their data.
Renato Grandmont, Managing Director and Chief Investment Strategist at Morgan Stanley, addressed the complexities of investing in a time of rapid change and uncertainty. He discussed the potential economic impacts of U.S. policy changes, including immigration reform, trade tariffs, and deregulation. Grandmont also highlighted the risk of "skyflation," a scenario of high inflation and stagnating economic growth, and advised investors to maintain a diversified portfolio while being cautious of geopolitical risks and policy mistakes that could affect global markets.
In addition to the expert speakers, the event featured a dynamic panel discussion moderated by Caribbean economist Marla Dukharan. The panelists, including Hon. Kenneth Bryant, Joseph Gaskin Jr., Regional Public Affairs Director for Disney Cruise Line in the Bahamas and the Caribbean, and Johann Moxam, discussed the future of the Cayman Islands cruise industry. They examined the challenges of balancing environmental concerns with development and explored opportunities for Cayman to create authentic, culturally immersive experiences for cruise passengers. Gaskin noted that Disney Cruise Line is eager to remove obstacles and collaborate with local communities to enhance the passenger experience, emphasizing the importance of authenticity in tourism.
The conference concluded with an inspiring presentation by Dr. Kimberley Amirault-Ryan, a performance consultant who has worked with athletes in the NHL, NBA, and Olympics.
The event ended with a lively cocktail reception offering attendees the opportunity to network and reflect on the insights shared throughout the day.
The RF Cayman Economic Outlook Conference continues to be a vital platform for discussing the key social, economic, and political forces shaping the future of the Caribbean. As the region navigates the complexities of an increasingly interconnected and volatile global economy, the conference remains an essential event for anyone looking to understand the trends that will define the years ahead.
