Business in brief

CIBC FirstCaribbean

CIBC FirstCaribbean has announced four appointments to its Executive Management Committee. General Counsel, Ella Hoyos will take up a new post as Managing Director, Human Resources.

Managing Director, Operations, Minish Parikh, assumes the role of Chief Administrative Officer, following the retirement of current CAO, Mahes Wickramasinghe. Chief Internal Auditor, Donna Graham, and Managing Director of Technology, Derek Wilson, will also now sit on the bank’s Executive Committee.


Following the launch of 4G broadband, Digicel has announced the arrival of its 4G mobile network. Digicel 4G Network offers an evolved high speed packet access (HSPA+) and is a 3G (GSM) evolution technology. The announcement was made during a media event at Cayman Karting with guests from the media and the Cayman community. Digicel’s CEO Victor Corcoran also said that in the coming weeks, Digicel will introduce a number of new 4G capable handsets.


LIME will introduce three new BlackBerry 7-based smartphones from Research In Motion (RIM) later this month. The company will bring the new BlackBerry Torch 9810, BlackBerry Bold 9900 and BlackBerry Torch 9860 smartphone to its thirteen markets across the Caribbean region.


Ogier Cayman was named “Best Offshore Law Firm” at the HFMWeek US Hedge Fund Services Awards on 13 October 2011 in New York. The judging criteria for the award included a review of quantitative and qualitative factors, including year-to-date financial performance (June 2010-June 2011), as well as a detailed look by the judging committee at entrants’ business volatility, risk management, track record and quality of service as indicated through client feedback.

Mourant Ozannes

Mourant Ozannes has been named ‘Best Offshore Law Firm – Client Service’ at the HFMWeek US Hedge Fund Services Awards 2011. This follows the firm winning the same client service accolade at the HFMWeek European Hedge Fund Services Awards earlier this year. The awards were judged by a panel of independent senior industry representatives who took into consideration financial progress, growth and innovation in order to put together a shortlist and identify the eventual winners of each category.


Appleby-sponsored A Level students Anthony Hurlston and Zachary Powery are the first to achieve ‘A’ passes in the AS Law course. Graduates of John Gray High School, Anthony and Zachary enrolled in the AS and A Level programme at St Ignatius Catholic School last academic year and are now in the second year of the programme. The law course, exclusively sponsored by Appleby, endeavours to provide participating students with a thorough understanding of how law is created, administered and changed, including how to analyse problematic situations and apply appropriate legal rules and principles, the law firm.

KRyS Global

KRyS Global has hired Alyson Reilly and Christopher Smith as senior managers for its Cayman office. Before joining KRyS Global Ms. Reilly was admitted as a solicitor in England and Wales in October 2006 and has worked for a large UK law firm, specialising in all areas of corporate and personal insolvency and recovery. Mr. Smith worked in the Recovery and Reorganisation Department of a top 5 accountancy firm in Gibraltar for more than six years. Prior to that he was employed by a specialist insolvency firm in London for more than 10 years.

Higgs & Johnson

On 12 October, 2011, Gaela Ruth Bailey was admitted to practise as an attorney-at-law in the Cayman Islands by Justice Henderson on an application of Higgs & Johnson, Attorneys-at-Law. Before moving to the Cayman Islands, Ms. Bailey practiced law at Crowell & Moring, in both their London and Washington offices, and previously at Shaw Pittman and at Sidley Austin. Ms. Bailey also served as legal counsel to Credit Suisse prior to joining Higgs & Johnson.


International offshore law firm Harneys has hired corporate lawyer Louise Groom to strengthen its transactional capacity in the Cayman Islands. Ms. Groom, who was previously with Walkers in the Cayman Islands, spent seven years with Clifford Chance in London and Singapore before moving offshore in 2008. She also spent time on client secondment at Standard Chartered Bank in Singapore.

Hamish Masson has joined the BVI-based banking & finance team of international offshore law firm Harneys.

Mr. Masson comes from the London office of DLA Piper where he was a member of the finance and projects department.

He also spent time on secondment to Barclays Bank’s Financial Services Team, is experienced advising on a wide range of banking and finance matters including structured debt, asset based lending, acquisition finance, bridge finance, loans to funds, supply chain finance, securitisations, loan transfers, asset sales, joint ventures and restructurings.

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