Appleby announced the formation of a dedicated Regulatory and Financial Services Team to provide advice to local and international clients on regulatory matters in the Cayman Islands.
The focus of the team will include licensing and regulatory approvals, regulatory reporting, compliance, corporate governance and risk management. The team is led by corporate partner Sherice Arman and comprises leading practitioners from across Appleby practice groups and teams, including banking and finance, insurance, local business, litigation and private client and trusts. It includes partners Bryan Hunter, Nicholas Joseph and Sabrina Foster, counsel Robin McMillan, and associates Anna-Lise Bailey, Helen Spiegel and Samuel Banks. The team also draws on the experience of Mark Drummond, compliance manager, and Richard McMillan, managing director of Appleby Trust (Cayman) Ltd.
Ogier Cayman was named ‘Best Offshore Law Firm’ at the 2012 HFMWeek European Hedge Fund Services Awards.
It was the third time in six months that Ogier has been named ‘Best Offshore Law Firm’ by the international hedge fund industry. The two other awards came from the 2011 Hedge Funds Review Service Provider Awards in December, and the 2011 HFMWeek’s US Hedge Fund Services Awards in October.
“Having been recognised in both New York and London as a leading offshore law firm for the hedge fund industry is an exceptional honour for Ogier,” said Peter Cockhill, partner, Ogier Cayman and head of Ogier’s Global Funds Practice. “We have worked hard to build a ‘best-in-class’ hedge fund practice, so it is especially gratifying to see the industry we serve acknowledging our commitment to excellence.”
HFMWeek’s European Hedge Fund Services Awards recognise companies that have outperformed their peer group during the course of 2011. Judging took into account financial progress, both quantitatively and qualitatively, growth and genuine innovation across a number of business areas. Judges comprise of a number of senior level industry representatives who review a combination of quantitative and qualitative information submitted by entrants.
In other news, Ogier appointed of David Cooney, TEP CTA to its private wealth practice.
Mr. Cooney has expertise in advising on trust and trust administration, estate administration, wills and tax planning. He joins Ogier from Gorvins in Manchester, where he was the partner in charge of its wills, trusts and probate team and led a number of client mandates across the trust sector.
“As a member of the Society of Trust and Estate Practitioners and a UK Chartered Tax Advisor, David is a valuable addition to our growing international business,” said Giorgio Subiotto, partner, Ogier Cayman, with whom Mr. Cooney will work closely. “We have been engaged in substantive mandates and David’s arrival has come at an ideal time. We look forward to integrating his strengths and experiences with those of our existing team to further enhance our client offering.”
Maples and Calder
Maples and Calder joined Junior Achievements growing list of the programme’s Corporate Ambassadors.
Speaking about the firm’s commitment to the education and development of Cayman’s young people, Paul Lumsden, managing partner of Maples and Calder’s Cayman office, said: “Maples and Calder is delighted to support a programme so dedicated to developing Cayman’s talent of the future,” Mr. Lumsden said. “Becoming a Corporate Ambassador of this Junior Achievement programme means we are able to ensure its sustainability, a crucial benefit which enables the programme to plan strategically for its future.”
Paul Byles, president of Junior Achievement, said, “We are deeply appreciative of the support we have received from our Corporate Ambassadors such as Maples and Calder. Young people who participate in the Junior Achievement programme benefit from obtaining a wide ranging set of skills that will help them reach their potential in so many ways. They learn about the power of collaboration, the relevance of hands-on learning and the passion to succeed with integrity and honesty, all vital life skills that they can draw from for the rest of their lives.”
The new Corporate Ambassador sponsorship level was developed by the Junior Achievement Board in 2011 as a means of ensuring continuity and sustainability and the programme has already attracted support from several of Cayman’s top companies as they all see the worth of investing long term in Cayman’s future. Corporate Ambassadors are required to donate $10,000 each year during a three-year time span and Mr. Byles said that Junior Achievement always welcomed additions to the sponsorship programme.
Junior Achievement is celebrating its 20th Anniversary in the Cayman Islands in 2012. It is supported by many corporate sponsors including its eight Corporate Ambassadors: HSBC, Rotary Central, Dunkin’ Donuts, Caledonian Global Financial Services, Maples and Calder, BDO, Cayman Islands Government and the Cayman Islands Chamber of Commerce.
Three Caymanian attorneys have joined forces to form a new law firm. Chanda Glidden celebrated the first anniversary of starting her own legal practice by announcing a merger with attorneys John Meghoo and Leroy Whorms Jr. Located at the Grand Pavilion Commercial Centre, the new firm with a focus on intellectual property, trusts, investment funds, corporate and commercial law, property and litigation is GMW Group. The business will also offer corporate services, mediation and consultation.
Ms. Glidden was admitted as an Attorney-at-Law in the Grand Court of the Cayman Islands in March 2008. Ms. Glidden holds a Bachelor of Laws (Upper Second Class Honours) degree from the University of Liverpool; and completed the Professional Practice Course, passing with Distinction, at the Cayman Islands Law School in 2006. In addition to her legal qualifications, she is an Accredited Mediator, a Notary Public and was appointed as a member of the Cayman Islands Labour Tribunal in late 2011.
Called to the Bar of England and Wales in 1999, John Meghoo was admitted as an Attorney-at-Law by the Grand Court of the Cayman Islands in October 1999. Mr. Meghoo is a Cayman Islands Notary Public and initially practiced as a general practitioner with Samson Murray Jackson during the first few years after his qualification. He subsequently worked as a corporate and commercial attorney in the Cayman Islands office of a global law firm where he primarily worked with banking, investment funds, oil and gas, and ship and yacht registration clients. Before starting his own practice in 2006, Mr. Meghoo worked as in-house counsel for the Caledonian Group.
Mr. Whorms was admitted as an Attorney-at-Law in the Grand Court of the Cayman Islands in May 2010. During his articles with the Cayman Islands office of a major offshore law firm, Mr Whorms gained experience in various areas of legal practice including corporate & commercial, investment funds, structured finance, trust and estates and commercial litigation.
Mr Whorms has been a solo practitioner since August 2011, and his practice now encompasses the areas of intellectual property, debt recovery, corporate, commercial, civil/commercial litigation.
Before taking up law, Mr. Whorms obtained a Bachelor of Science degree in Applied Mathematics and Computer Science with Honours from the University of Western Ontario in Canada. Mr. Whorms additionally, holds a Bachelor of Laws (Upper Second Class Honours) degree earned from the University of Liverpool, UK. He later completed the Professional Practice Course at the Cayman Islands Law School with Distinction in 2008.
KPMG Managing Partner Roy McTaggart has been appointed as chair of the Young Caymanian Leadership Foundation’s Honorary Board. He has been a member of the board since 2003.
“Quite simply, the YCLA promotes what is good about our young people and portrays them as role models for the entire community,” Mr. McTaggart said. “I have accepted the role of chairman quite simply because I believe in the goals and aspirations of the programme. I am proud to be associated with such a distinguished group of people who share common beliefs about our young people. It is infectious.”
This year’s Young Caymanian Leadership Awards takes place 12 May.
Aon Insurance Managers (Cayman) Limited supports the Cayman Islands Crisis Centre with a donation of $1,000 towards the 9th Annual Jingle Bell Walk/Run. One of the Crisis Centre’s major fundraising initiatives, each year the event raises significant operating funds for the 24-hour emergency shelter for women and children who are victims of domestic abuse and sexual assault.
The Crisis Centre is in need of several upgrades and Aon has also donated $1,800 towards the second phase of the Crisis Centre’s renovation project which will be completed by the end of April 2012. These funds will provide a general facelift to the home’s bathrooms and make necessary upgrades to electrical works.
The Cayman Islands Crisis Centre was established in 2003 as Cayman’s only safe house providing protection and support to victims of abuse. In-house support programmes such as risk assessment; individual and group counselling; support groups; referrals for legal, employment and social services; transitional assistance including housing and job skills training, parenting education, and healthy living workshops; and a child and youth programme, sponsored by Hedge Funds Care Cayman, which provides academic support and counselling to young victims; are offered to the Centre’s clients, in a secure environment that has round-the-clock on-site security.
Allison Clark, the fundraising chairperson of the board of directors thanked Aon for the support saying, “We believe that everyone has the right to live a life free of violence. It is through the generous support of companies like Aon that we are able to fund the shelter operations and the ongoing programmes that support women in need and get them on the right track to being able to live that life”.
Hedge Funds Care
The Valentine’s Mile, a charity run organised by RaceCaribbean on Sunday, 12 February, raised $4,900 for charity.
The event, sponsored by Cartier and Kirk Freeport, donated all proceeds to Hedge Funds Care Cayman, a non-profit organisation that works to prevent and treat child abuse and neglect in the Cayman Islands.
30 children and 325 adults took part, including the Governor Duncan Taylor.
Raffle prizes included items from Baccarat, Rolex, Lalique, Mont Blanc, Longchamps, Pandora and Swarovski, in addition to perfume gift baskets and gift certificates. There was also a separate children’s raffle with prizes from Swatch and Kipling.
“I’d like to thank Cartier and Kirk Freeport for being phenomenally generous race sponsors and also huge thanks to those who took part,” said Lauren Nelson, chair of Hedge Funds Care Cayman. “It was fantastic to see so many getting involved, especially the children. As an organisation in the fight against child abuse and neglect, we couldn’t be happier with how this event has not only raised much needed funds but also awareness of such a serious problem that afflicts our community here in Cayman“.
She added, “This will be an annual event, so please mark your calendars for the 2013 event.”