Business in brief

Phoenix Construction

The recent acquisition of KM Ltd. brings upscale residential experience and quality craftsmanship to Phoenix Construction’s existing in-house team, the construction firm said in a press release.

“Brent McComb has grown KM into one of the top residential builders in the country over the past six years. We are delighted to bring him and his seasoned team into the Phoenix Group,” said Phoenix Managing Partner Shayne Howe. The collaboration is a match that makes sense on a number of levels, as Phoenix moves to strengthen its presence in the Cayman residential market. “Phoenix’s standards for design, build quality and schedule discipline, all resonate with me as an experienced custom home builder,” said Brent McComb. “The efficiencies gained by combining these residential teams allow us a value proposition that few in the market can approach. We are more competitive than ever on both bid-work and design/build platforms,” he added.

As both companies have thrived in the recent down market, through repeat business by dedicated customer bases, the ideologies of the two firms have dovetailed as well. “We have the same mindset when it comes to quality, service, and after-contract follow up,” Mr. Howe said. “We are building a brand that will stand the test of time, doing things the right way and not cutting corners. It is refreshing to find these same values in a business partner.”

The group will also focus on building its Small Works divisions, another strength that the two companies share. “The fact that Phoenix is a dedicated General Contractor with significant self-performing capabilities was important to me, as KM has traditionally performed a lot of renovation and fit-out work over the years. It is steady work that strengthens the bottom line and provides us with seasoned and well trained craftsmen available in-house. As we move into residential sub-division work, having an experienced team makes a huge quality control difference,” added Brent. KM will focus on completing its current contracted work over the next few months before fully moving over and becoming part of the Phoenix Group.

Chartered Institute of Management Accountants

James Clark has been appointed the new international contact for the Chartered Institute of Management Accountants in the Cayman Islands. The Chartered Institute of Management Accountants, founded in 1919, is the world’s leading and largest professional body of management accountants, with 195,000 members and students operating in 176 countries, working at the heart of business. CIMA offers a relevant finance qualification for business, where most accounting qualifications train people for private practice, working on external audit and tax issues.

Mr. Clark is an associate member of CIMA. He holds a MBA from the University of Liverpool, is a member of the Cayman Islands Society of Professional Accountants and is also a student member of The Institute of Chartered Secretaries and Administrators. If you are a CIMA member or student in the Cayman Islands or have an interest in management accounting, James may contacted at [email protected] or directly on 1 (345) 323-0326.

KPMG

KPMG in the Cayman Islands will be sponsoring the International College of the Cayman Islands’ fundraising initiative for an academic chair to hire a full-time accounting professor during a three year period. An academic chair is a university designation given to a professor for specialised knowledge and research and is traditionally funded by either private corporations or foundations.

KPMG Partner Sheenah Hislop said: “We’ve always believed in investing in education and the development of our people. Having the opportunity to sponsor the ICCI business programme to further enhance the education of the students is important to us and is one of our key values.”

International College Dean Scott Cummings said: “Providing this level of corporate sponsorship for the academic chair is invaluable in providing the best possible opportunity for success to our business and accounting students.”

Cayman Islands Society of HR Professionals

The Cayman Islands Society for Human Resource Professionals is hosting its ninth Annual Conference on 17 May. This year’s theme “HR, Not Business as Usual” will focus on current challenges of HR functions in times of recovery, organisational change, while introducing long-term planning and sustainable development. The list of speakers includes renowned and well respected names from both the local and international HR community.

The conference will be held at The Ritz-Carlton, Grand Cayman with support from British Caymanian Insurance.

Audrey Prendegast, human resources manager of BritCay said, “We are delighted to sponsor the CISHRP Annual Conference again this year. It is important that human resources in the Cayman Islands continues to develop in tandem with international standards in order to further assist our local businesses to compete in an increasingly global market.”

The CISHRP Annual Conference is traditionally one of the top events within the HR community of Cayman Islands, and attracts not only members of the society, but also professionals from other business areas and small business owners who take the opportunity to share ideas, exchange best practice and network. The day of learning and knowledge sharing will end with an evening of entertainment and a cocktail reception.

Chamber of Commerce

A major supporter of the Junior Achievement of the Cayman Islands programme, the Cayman Islands Chamber of Commerce is happy to continue its help this year – its 20th year of assistance in helping Cayman’s youth in making a successful transition from school to career and thereby reaching its full potential.

Joining with the Rotary Club of Grand Cayman Central as one of the programme’s most important sponsors, the Chamber of Commerce has lent its support to the programme by providing free-of-charge office space at their Governor’s Square offices for the programme’s administrator.

Chamber Chief Executive Officer Wil Pineau says that the chamber recognises the value the programme has created for young people about to embark on a career within the business environment.

“JA is one of the most important youth development programmes operating in the Cayman Islands today. The various programmes help to provide our youth with invaluable skills that will lead to their success in the workplace. They learn teamwork, business ethics, money management, leadership, business planning, marketing, public relations and sales and marketing. Hundreds of chamber volunteers in numerous sponsoring businesses over the past 20 years have assisted the students to learn behaviours and best practices that will lead to their success in the workplace and in life. In fact, many students have taken on leadership roles in our community and many of them proudly cite their experience in JA as being an instrumental experience on their road to success and achievement. The Chamber Council, members and staff are proud to be partners with Rotary Central for this outstanding youth development programme,” he added.

Paul Byles, president of Junior Achievement, says this vital support that the programme has received from the chamber over the years means that young people can align themselves with Cayman’s corporate environment from the start of their time in the programme.

“The chamber’s involvement with the Junior Achievement programme has meant that young people are able to appreciate how businesses operate in Cayman,” he said. “Although schooling can go a long way to prepare a young person for their career path, there really is no substitute for hands-on experience and so we are truly grateful to the chamber for assisting the programme in this way.”

Harneys

Harneys has appointed Partner Timothy Bridges, whose practice spans BVI and Cayman corporate, finance, trust, investment funds and listing work. He has been based in Hong Kong for several years and was previously a partner and head of the Asia Cayman Islands practice of Ogier. He also spent seven years working with Walkers in the Cayman Islands.

Managing Partner of the Hong Kong office Jonathan Culshaw commented: “Onshore lawyers and other clients based in Asia work to very demanding timeframes. A Hong Kong office weighted towards capable senior lawyers like Tim who can provide swift, commercial and accurate advice is essential.”

Mr. Bridges commented: “Harneys already has a large footprint in Asia due to its market leading position in the British Virgin Islands, the offshore domicile of choice for many in this region. This position provides an excellent platform from which to grow the firm’s market share in the offshore space.”

Appleby

Offshore law firm Appleby has appointed Adam Geldard to the position of Counsel in its Cayman office. Mr. Geldard practises principally in the area of property and commercial law, specialising in property development, strata and other structured title ownership, contract law, commercial and residential conveyancing, property finance and commercial leasing. He joined the firm in 2007 and prior to that he worked in London for Government and in Australia for top-tier law firms Mallesons Stephen Jaques and Baker & McKenzie.

Norm Klein, Partner and Property Local Practice Group Head commented: “This is a well deserved promotion for a key member of our team. The experience and professionalism of Adam has always been valued by our colleagues and clients and I am delighted this has been recognised. Property is one of our core legal service lines and this promotion is testament to the continuing strength of the practice and reinforces our leading position in Cayman.”

The announcement follows a number of recent appointments and promotions by the Appleby Group, including the arrival of Peter McMaster, QC and Christopher Russell, both as partner’s in the Litigation and Insolvency Practice Group in Cayman.

Higgs & Johnson

Higgs & Johnson partner Gina M. Berry was recognised by The International Law Office (ILO) Client Choice Awards 2012. Ms. Berry was awarded in the area of General Corporate Services. She represents many of the “Class A” Banks in the Cayman Islands and also conducts a full real estate practice servicing a wide range of international and local clients.

Established in 2005, the ILO Client Choice Awards recognise those law firms and partners around the world that stand apart for the excellent client care they provide and the quality of their service. The criteria for the awards focus on law firms’ ability to add real value to their clients’ business above and beyond the other players in the market. This year, ILO recognised 303 individual winners across 55 jurisdictions. Winning firms were chosen in 56 jurisdictions worldwide.

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