RBC Wealth Management
RBC Wealth Management, part of Royal Bank of Canada, appointed Fernando Cugliari as an investment adviser in RBC Wealth Management’s Caribbean Investments team.
In his new role, Mr. Cugliari will focus on delivering RBC Wealth Management’s international investment advisory services to high net worth individuals, families and corporate clients in South and Central America, as well as the Caribbean. He will be based in Grand Cayman and report to John D’Amato, manager, Investments Services in the Caribbean.
Deanna Bidwell, head of the Caribbean RBC Wealth Management, said, “Fernando’s experience and in-depth understanding of our target regions, combined with his fluency in Spanish, Italian, and Portuguese, make him an excellent addition to our team. He is a passionate professional with a proven track record in providing advice to high net worth individuals and corporates, and I am very pleased to welcome him on board as we look to deepen our presence in the Caribbean and Latin American markets.”
Mr. Cugliari, who has moved to Grand Cayman from Toronto, Canada, previously serviced the Latin American and Caribbean-based investment advisory business for a major Canadian financial institution. He is a licensed Canadian lawyer with extensive international trust and taxation experience. Prior to becoming an investment adviser, he was a founding and managing partner of a full-service law firm catering to Spanish-speaking domestic and international clients in Toronto.
CIMA
The Cayman Islands Monetary Authority announced that electronic submissions via its secure Web portal, CIMAConnect will now be the only accepted method of application for registering new mutual funds. CIMA said the announcement marks the latest expansion of CIMA’s e-business service offerings and validates the authority’s continual efforts to innovate and enhance efficiency.
CIMAConnect is designed as a secure portal that reduces manual processing, lessens the turn-around time for approval decisions and provides additional protection for document recovery in the event of a disaster.
“We are delighted with the continual progression and success of the CIMAConnect project,” Managing Director Cindy Scotland said. “The ability to automate and manage the authority’s services and processes for quick realisation of business is vital to effectively serve our local and global stakeholders.”
Launched in 2010, CIMAConnect modernises the way regulated entities do business with the authority, allowing online submissions for CIMA authorisation. Expansion of the platform’s functionalities is envisioned, enabling service providers to make other applications online.
Solomon Harris
Cayman Islands law firm Solomon Harris has been awarded the title of “Offshore Law Firm of the Year” at the United States Captive Service Awards 2012. The award was announced in Chicago on Monday, 10 September as part of the “Captive Live USA” conference.
Solomon Harris Partner and Head of Insurance Paul Scrivener commented: “We are absolutely delighted to have received this recognition from the industry. It is a reflection of the fantastic work of the entire team over a number of years in delivering sound and commercially-focused legal advice to captives, those setting up captives and their brokers and consultants. We are working in a very competitive market place and have a great deal of respect for the firms that we were competing against for this award.”
Solomon Harris Managing Partner Sophia Harris added, “I could not be more pleased for Paul and his team. Our insurance practice is a very important part of our overall practice and has grown significantly over the past few years as we have consolidated our position as one of the leading offshore insurance firms. This year has been a particularly good year for the insurance team and this award is definitely the icing on the cake.”
Consolidated Water
Consolidated Water announced that its board of directors has declared a quarterly cash dividend of $0.075 per share. The dividend is payable 31 October, 2012 to shareholders of record at the close of business 1 October, 2012.
Conyers Dill and Pearman
Conyers Dill and Pearman are the premier sponsor for the 10th annual Jingle Bell Walk Run in support of the Cayman Islands Crisis Centre.
The Jingle Bell Walk Run is a major fundraising activity for the Crisis Centre and contributes at least $50,000 annually to its operating budget. The Crisis Centre, which is Cayman’s only women’s shelter, provides housing, support services and 24-hour security for victims of domestic abuse and their children. Last year, the shelter housed 30 women and 35 children as they made their way to lives free from abuse.
In addition to the necessary fundraising element of the event, community engagement and awareness about the ills of domestic abuse are equally important, the Crisis Centre said.
“Domestic abuse is a community problem and it will take a community to overcome it,” said Allison Clark, board member and chairperson of the Centre’s fundraising committee. “The more people are aware of what constitutes domestic abuse, the more support a woman and her children will receive to escape it. We all have the right to live our lives free from violence”.
Kevin Butler, a director of Conyers Dill and Pearman (Cayman) Limited, noted the Crisis Centre fulfils a necessary service to this community. “Our firm is fully in support of the Centre’s vision for the Cayman Islands as ‘a safe society where all individuals are equally valued and respected’ and we feel it is important to contribute in a way that directly benefits individuals in this community”.
The Jingle Bell Walk Run will be held Sunday, 9 December in Crystal Harbour, starting at the Grand Caymanian Resort.
To register for this event, e-mail Ms Clark at [email protected].
Mourant Ozannes
Mourant Ozannes announced Cayman Islands Chief Justice Anthony Smellie as keynote speaker of its International Trusts and Private Client Conference 2012, taking place in October.
The chief justice’s career has spanned decades in his home country of Jamaica, as well as the Cayman Islands, and he has spoken and lectured at many international events.
Mr. Smellie, who was appointed chief justice of the Cayman Islands in June 1998, has overseen fundamental reforms to the court system of the Cayman Islands, including the establishment in November 2009 of a Financial Services Division of the Grand Court. This division allows for certain cases, which represent as much as 70 per cent of all commercial cases in the jurisdiction, to move through the system in a more streamlined and timely manner.
Morven McMillan, head of Mourant Ozannes’ Cayman Islands International Trusts and Private Client team, said: “We are honoured to have the chief justice leading our day as keynote speaker. We are very much looking forward to welcoming the chief justice, along with all of our other expert speakers and delegates to the conference on 5 October and hearing the ways in which the Cayman Islands courts make a key contribution to the economic strength of these Islands.”
The Mourant Ozannes’ International Trusts and Private Client Conference will take place on Friday 5 October at The Ritz-Carlton, Grand Cayman, and will bring together a number of renowned guest speakers and Mourant Ozannes’ own expert lawyers from the Cayman Islands, Guernsey, Jersey and London.
Deutsche Bank
The 2012 Deutsche Bank National Gallery Visual Arts Scholarship has been awarded to 21-year-old Jawarra Allenye.
Mr. Allenye, who has already begun to make a name for himself within the local fashion community, has been accepted to study fashion at the prestigious London College of Fashion.
Launched as a partnership between Deutsche Bank and the National Gallery of the Cayman Islands in 2008 to support the development young Caymanian students who wish to pursue a career, the scholarship is worth US$20,000 per annum for up to four years. The bi-annual award is presented to either Caymanians or students who permanently reside in the Cayman Islands between the ages of 17 and 25.
Mr. Allenye is the first fashion student to be awarded the scholarship and he recently left to start his first semester in London. His course is designed to prepare students for the fashion industry by providing them with skills in fashion design, product range development, and business.
“I’m honoured, grateful and extremely excited that I’ve been offered with a scholarship from Deutsche Bank and the National Gallery,” he said. “It has always been my dream to become a fashion designer and always wanted to study for fashion design in one of the fashion capitals of the world. Thanks to this scholarship, I’m able to see my dreams coming true. I can finally focus on growing in the fashion industry and learning as much as I can to become a better fashion designer and entrepreneur. Thanks to Deutsche Bank and the National Gallery for their confidence and support in me and my dream.”
Deutsche Bank has also extended support to Kerri-Anne Chisholm for the final year of her studies. She successfully completed the Deutsche Bank National Gallery Internship in 2010-11 prior to embarking on a three-year undergraduate degree in fine art at Oxford Brooks University.
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