Goldfield opens its doors

Goldfield (Cayman) Corporate Services Limited has opened its door.

The Cayman-based firm offers corporate administrative services including the provision of independent directors, company formation, liquidations, registered offices, and ship and plane registration.

Goldfield Cayman’s team members have commercial experience within the Cayman Islands and internationally; collectively, they each possess a range of administrative, legal and regulatory experience.

General Manager Jamal Young oversees the legal, corporate, and compliance departments. Mr. Young manages all client-related services, states a press release.

Mr. Young was previously employed as a legal administrator with a large mutual fund administrator. He was involved in all aspects of the day-to-day administration of several hundred institutional hedge funds and mutual funds. After being called to the bar in 2004, Mr. Young practiced at a Cayman law firm in the areas of company law, equity and trust, administration of estates, real estate and real estate development, and civil litigation. Mr. Young later joined a large financial services company as an assistant vice president within the corporate trust and loans agency department.

Also joining Goldfield Cayman are two independent directors: Julian Malins, QC, and Wain Iton.

Mr. Malins has more than 34 years of international legal experience, including specific expertise in financial services proceedings. He was the disciplinary tribunal chairman of The Financial Services Authority in the United Kingdom from 1990 to 1997. Mr. Malins has served on the Policy Committee of The London Chamber of Commerce and Industry from 1992 to 1997. He has been a City of London councillor for Fleet Street and the Temple since 1981.

‘For a director to effectively monitor the management of a company on behalf of the investors and shareholders, experience is the single most key factor,’ he said.

Mr. Iton began his career at one of the Caribbean’s largest corporate entities, Grace Kennedy. From 1982-1987, he was a project manager and corporate planning analyst. In this role he identified new business opportunities, provided analysis on acquisitions, and was part of the company’s strategic planning team.

In addition to serving as the general manager for the Jamaican Stock Exchange for 16 years, he also was the chairman of a steering committee on the Caribbean Capital Markets Harmonization Project where he was responsible for coordinating the project, which involved the Exchanges in Jamaica, Barbados, Trinidad & Tobago, Dominican Republic and the Bahamas. This project resulted in the computerization of all the exchanges. He also served on the board of directors of the Bank of Jamaica from 2000-2001.

‘Goldfield Cayman is determined to do its part to ensure that the Cayman Islands will continue to be the jurisdiction of choice for investors,’ said Mr. Young. ‘We hope that a by-product of our effort will be that Goldfield Cayman will be well-placed to contribute massively to the economic growth of the Cayman Islands financial services industry.’

Addressing the Cayman Islands advantageous position as an offshore jurisdiction, Mr. Malins remarked, ‘Cayman is the offshore jurisdiction of choice because Cayman has all the advantages of being associated with the UK, such as stability, professionalism and the rule of the law but none of its disadvantages. It is also a beautiful destination, making business here a pleasure. It’s the ideal combination.’

The Goldfield Cayman team presents a portfolio of regulatory experience in the Americas, Europe, Asia and the Caribbean.

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