Business in brief

Appleby  

Appleby appointed Ian Gobin and Deborah Poole as partners within the Funds and Investment Services team. Both were previously with Walkers. Mr. Gobin joined Appleby on 1 October, and Ms Poole will start next May. 

Ms Poole will return to the Appleby London office, which she was instrumental in establishing in 2002.  

Appleby said the appointments are at the core of the firm’s strategic drive to enhance its global profile within the offshore funds world and, in particular, its Cayman funds offering. 

Mr. Gobin was called to the Bar of England and Wales in 1997 and was employed by Clifford Chance from March 1997 to August 2001. During that time, he had various secondments to Morgan Stanley & Co. International Limited. 

He was employed by Walkers in the Cayman Islands, London and Jersey from August 2001 to November 2011 and was promoted to partner in January 2008. During this period, he was also admitted in the British Virgin Islands. He specialises in setting-up and advising hedge funds and private equity funds under the laws of the Cayman Islands, the BVI and Jersey. 

Ms Poole was called to the Bar of England and Wales in 1987 and, after pupillage at 2 Essex Court, she joined Ashurst in 1988 where she practised for nine years. She is a former partner of Appleby, having started as an associate in the Bermuda office in 1997 before taking up partnership in the London office in 2002.  

After leaving Appleby in 2006, she joined the London Office of Walkers. While at Walkers, she was admitted in the BVI and, as head of the London funds team, focussed her practice on funds and corporate finance. 

 

Maples and Calder 

Maples and Calder recently welcomed six new funds partners to its Cayman Islands office.  

Heidi de Vries, Julian Ashworth, Sheryl Dean, David Marshall, Philip Millward and Gwyneth Rees join associates Greg Barwick, Philip Dickinson, Patrick Head and Lucy Nicklas, who commenced employment in August. They also join Tim Clipstone, a partner in the BVI office, who started in June. All joined from Walkers. 

“We are excited to welcome this latest round of hires to our team,” said Jon Fowler, the firm’s global head of the funds group. “Their joining our firm underlines Maples and Calder’s position as the premier law firm in the Cayman Islands. Their collective expertise, combining technical knowledge, transactional experience and market insight, will reinforce Maples’ existing position as a leader in the funds industry.” 

 

Royal Bank of Canada 

More than 200 Royal Bank of Canada employees, customers and community members in Cayman recently joined in fundraising efforts to help in the fight against paediatric cancer.  

The month of September was Children’s Cancer Awareness Month and on Saturday, 29 September, supporters in Cayman put on their track shoes and took to the pavement to walk or run in support of a child with cancer. 

The third annual RBC Children’s Cancer Run/Walk was held at RBC’s main branch on Shedden Road and consisted of a 5K journey through central George Town. The event is one of many fundraisers sponsored by RBC across the Caribbean region and generated more than $10,000 to help families with children battling cancer. All money raised is shared equally to benefit RBC’s Children’s Cancer Fund and the local Cayman Islands Cancer Society.  

The event was opened by Cayman Islands Governor Duncan Taylor, who also joined in the 5K race.  

“I was delighted to be able to participate in RBC’s third annual Children’s Cancer run/walk last weekend,” Governor Taylor said. “I cannot think of a more deserving cause to support and I was encouraged to see such a good turnout so early on a Saturday morning! I congratulate all at RBC for their efforts to help children battling cancer in the Caribbean.” 

The Children’s Cancer Fund was established by RBC to provide support for children in Cayman and the wider Caribbean who are suffering from cancer. To date the fund has provided treatment for 26 patients and pathology tests for 78 children from across the Caribbean.  

“The fund has made a major difference in the lives of the families helped,” said Jason Waters, area vice president, RBC Cayman. “We are grateful for the tremendous turnout and outpouring of support at this year’s race by our employees, their families, sponsors and the community at large. Together we can continue to support children fighting this terrible disease.” 

 

RBC Wealth Management/Kiwanis 

Celebrating its 40th year of service in the Cayman Islands, RBC Wealth Management has donated $2,000 to the 2012 Key Leader programme of the Kiwanis Club of Grand Cayman. Key Leader is a leadership training event for up to 60 students ages 14 to 18, in which the principles of service are used to build effective leadership skills. The sixth annual reoccurrence of this popular weekend event will take place this year at St. Ignatius Loyola Hall on Walkers Road from 19-21 October.  

Key Leader is a weekend experiential leadership programme for today’s young leaders. The event focuses on service leadership as the first, most meaningful leadership-development experience. A Key Leader will learn the most important lesson of leadership – it comes from helping others succeed. During the weekend, through carefully focused workshops, students have opportunities to learn leadership skills that will help them to change their schools, communities and world for the better, the Kiwanis Club said in a statement.  

Kiwanis president, Kadi Merren, noted “The wonderful thing about Key Leader is that each year we have past attendees of Key Leader wanting to come back to the event to help others. They want to talk about the manner in which Key Leader has played a positive role in their own life and development. This cheque from RBC Wealth Management allows us to keep the Cayman Islands event unique in the world. Apart from a token application fee, Cayman Islands students accepted for Key Leader pay nothing to attend.”  

Community sponsors like RBC Wealth Management each year meet the cost of the event which is about $175 per student.  

Stephen Price, an investment adviser for RBC Wealth Management, presented the cheque for $2,000. “I am pleased to present this cheque on behalf of RBC Wealth Management to Kiwanis for its Key Leader programme. In the same way that RBC provides investment advisory services, we also invest wisely in the skills required by the young people of the Cayman Islands. The annual Key Leader programme has a proven track record and we take great pleasure in being a sponsoring partner in this event.”  

Tortuga  

Tortuga Caribbean Rum Cakes have gone on sale in Singapore. Marking its debut into the Asian market, Tortuga Caribbean Rum Cakes are being sold at Candylicious in Resorts World Sentosa Singapore and at Takashimaya Shopping Centre, Ngee Ann City. Located opposite Universal Studios, Candylicious is the largest candy store in Asia and now offers 16 ounce and 4 ounce Tortuga Rum Cakes in original golden, banana and key lime flavours. 

“Candylicious is an ideal retail partner to introduce our delicious Caribbean rum cakes to Asia,” said Marcus Simmonds, chief executive officer of Tortuga International Holdings, Ltd. “Their store concept and location attract Singaporeans and visitors from around the world. We hope that their success will propel the Tortuga brand to a much wider presence throughout the region. It is an exciting opportunity for our company.” 

 

Digicel 

Digicel supports the Cayman Crime Stopper organisation by donating sets of branded Crime Stopper dominos. The domino sets will be used in domino tournaments in Grand Cayman to promote awareness. 

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