Maples and Calder trust partner Nigel Porteous has been elected chairman of the Cayman Islands branch of the Society of Trust and Estate Practitioners during the annual general meeting in June.
Mr. Porteous has experience with all aspects of trusts law including those concerning private trusts, public trusts and trusts used for commercial purposes, in particular unit trusts. His practice encompasses technical and practical advice for private individuals as well as for the world’s leading multinational banks and trust companies. He is regularly consulted by corporate trustees on matters concerning management of trust business, the formulation of precedents and the mitigation of risk; all fields in which he has more than 20 years of experience. His advice is also frequently sought on the formulation of complex trust structures, solutions for trust structural and validity issues, and the resolution of trust disputes.
Mr. Porteous has also served in the capacity of STEP Secretary for the City of London branch.
“I look forward to serving as chairman and to the challenges ahead for STEP Cayman, as it strives to promote and support the trusts and estate industry in the Cayman Islands,” Mr. Porteous said. “I would like to extend my thanks to those outgoing officers for their years of hard work and dedication to the office.”
Jacqueline Stirling assumes the role of STEP Treasurer, taking over from William Walmsley who will now serve as STEP vice chairman. Ms Stirling is the senior resident officer of Bessemer Trust Company (Cayman) Limited, responsible for managing the firm’s trust and corporate clients, as well as the group’s hedge funds. Mr. Walmsley, a partner at Rawlinson & Hunter, advises on the establishment and ongoing administration of Cayman trusts, companies and mutual funds, including acting as a director of Cayman regulated mutual funds and other client companies. He is a director of The R&H Trust Co Ltd and The Harbour Trust Co Ltd, two Cayman trust companies owned and operated by the local firm.
Walkers attorney Andrew Miller retains the office of secretary for the fourth consecutive year. He is head of the firm’s Global Trusts Group and is also a member of the steering committee which drives the strategy of Walkers’ Global Latin American Group. Mr. Miller specialises in all aspects of non-contentious trust work. Joan Dowling will serve as student liaison officer.