Business in brief


Caring for Life Foundation’s second annual Scotiabank Golf Tournament, which was held last month at the North Sound Club raised CI$15,578 to assist the Cayman Islands Health Services Authority.

Main sponsor Scotiabank added $10,000 to bring the total to more than $25,000.

The funds will be used by the Caring for Life Foundation to purchase needed hospital equipment and other resources to assist HSA and its patients.

“We are delighted to say that this year’s event surpassed the objective we had hoped to reach,” said Sharon Diaz, chairwoman of the Caring for Life Foundation and senior manager, retail banking at Scotiabank. “These funds will help to bring the Cayman Islands one step closer to achieving the Foundation’s goal of better health care right here at home.”

After a fun-filled afternoon on the fairways, the CUC team, composed of Richard Hew, Andrew Small, Anthony Lawson and Isabel Lawson, finished with the best score.

“We would like to thank everyone – sponsors, volunteers and golfers – who helped make this year’s tournament such a success,” said Sarah Hobbs, deputy chairwoman of the Caring for Life Foundation. “It was an enjoyable time for all of us, and best of all, the foundation will now be able to make a donation to HSA for much-needed supplies and equipment. We hope to see all participants again next year.”

Event sponsors were Deloitte, Conyers Dill & Pearman, Al Thompson’s and Consolidated Water. Supporting sponsors were Island Heritage and Walkers. Other sponsors included Foster’s Food Fair, BDO, Bodden & Bodden, Five Continents, Atlas Insurance, Campbell’s, Higgs Johnson, WestStar, Silver Wheaton and Solomon Harris.

Anyone wishing to donate may do so online at

Yellow Pages

Global Directories, publishers of the Cayman Islands Yellow Pages, has donated $1,500 to the Cayman Islands Crisis Centre refurbishment project that will be taking place from 11-24 April.

The Cayman Islands Crisis Centre, established in 2003, is the first and only safe shelter for the victims of domestic abuse and sexual assault. The three bedroom bungalow houses 16 beds, two bathrooms, living room, kitchen, dining area, laundry room, the executive director’s office and the Children and Youth Programme office. The Yellow Pages donation will be used as part of a major renovation of this safe house.

Allison Clark, fundraising committee chairwoman of the board of directors, explained the importance of the renovation project, saying, “While providing a safe place that offers shelter from abuse is our primary objective, we also believe that the Crisis Centre should be comforting, welcoming and a place of hope, inspiration, and healing and the home was in need of some basic upgrades. We are grateful to organisations like the Cayman Islands Yellow Pages that help us to realise our vision of providing light and optimism in the lives of these people who need it most,” she added.

In 2011, the centre received 131 crisis calls and sheltered 30 women and 35 children, including providing them with meals, clothing and other essentials.

“We are delighted to support the work of the Cayman Islands Crisis Centre,” said Eileen Keens, market manager of Global Directories. “Their efforts to end domestic and sexual abuse continue to make a tremendous difference in many lives and have also helped raised community awareness about prevention and intervention through their various programmes”.

For more information, please contact Allison Clark at [email protected]


The RE/MAX Cayman Islands team received several awards at the RE/MAX International Convention held at the Mandalay Bay Hotel in early March.

The office won the Top Office in Total Sales Volume – Single Office – International (excluding the United States and Canada) award. In the Caribbean/Central America Region the office reached Top Office – Transaction and runner-up Top Office – Sales Volume.

Broker and owner James Bovell was inducted into the “Circle of Legends”, the highest career achievement within the RE/MAX network. Michael Joseph was rewarded a lifetime achievement award and Susan Boyko, Kerri Kanuga and Cathy Williams were inducted into the Hall of Fame.

“James and I are very proud of the achievements of our team,” said Kim Lund, himself a member of the “Circle of Legends”. “2012 is off to a good start and we are confident that many of our agents will be on stage celebrating more success at the RE/MAX convention in 2013.”

CIBC FirstCaribbean

The board of directors of CIBC FirstCaribbean has appointed Geoff Scott to the post of chief risk officer, subject to regulatory approvals. He replaces Hugh Boyle, who recently left the bank.

Mr. Scott is vice president, commercial banking for the Greater Toronto area with 20 years experience in capital markets, corporate credit and risk management.

His experience includes client facing roles in corporate and commercial banking, as well as operational support roles in risk management with several financial institutions, including National Bank of Canada, Royal Bank of Canada and Deutsche Bank. Mr. Scott’s previous experience as a member of the Global Risk Committee for National Bank will be particularly relevant in this new role, CIBC FirstCaribbean said.


Ministers from Financial Action Task Force member countries will meet in Washington, DC on 20 April to extend the FATF mandate to safeguard the integrity of the international financial system for another eight years.

The FATF Ministerial Meeting will take place alongside the 2012 IMF/World Bank Spring Meetings. It follows on the recent publication of the revised FATF 40 Recommendations, the international standard for combating money laundering and the financing of terrorism and weapons of mass destruction.

The renewed mandate will allow the FATF, through its global network of 187 partner countries, to ensure that all are doing their part to make the international financial system off-limits to criminals, terrorists and others threats to financial stability.