Business in brief


The Cayman Islands Society of Professional Accountants made a donation of $1,000 from the proceeds of its annual golf tournament to the National Council of Voluntary Organisations. The NCVO is an independent, nonprofit, charitable organisation dedicated to the care, education and well-being of children and families in need of support in the Cayman Islands.

Scotiabank & Trust

Scotiabank & Trust (Cayman) Ltd., manager of Scotiabank Mutual Funds, announced that Scotia Asset Management L.P. has appointed Cecilia Mo of GCIC Ltd., manager of Dynamic Funds, to lead the team providing investment management and advice of the Scotiabank Canadian Growth Fund. The change is effective 1 December.

Based in Toronto, Canada, Cecilia Mo, vice president and portfolio manager, has been with Dynamic Funds since 2011 and has more than 13 years of industry experience and a strong performance track record, having delivered superior risk-adjusted returns with downside protection on various equity mandates. She is an award-winning portfolio manager recognised by the industry for both short and long-term risk-adjusted performance.

The fund is offered for sale to eligible investors in the Cayman Islands, Curacao, Jamaica, Trinidad and Tobago, and to offshore investment clients and offers an exposure to Canadian equity markets. The fund’s objective is long-term capital appreciation while investing primarily in equity securities of Canadian corporations. There will be no alterations to the investment objectives of the fund as a result of this change.

Consolidated Water

The board of directors of Consolidated Water Co. Ltd. has declared a quarterly cash dividend of $0.075 per share. The dividend is payable 31 January to shareholders of record at the close of business 1 January.

Higgs & Johnson

Higgs & Johnson partner and head of Litigation in the Cayman Islands Philip S. Boni has been accredited by the London School of Mediation as a Civil and Commercial Mediator, having satisfied the requirements of the United Kingdom Civil Mediation Council and the National Mediator Database.

Mr. Boni’s primary area of concentration is civil litigation and he has been involved in a number of reported cases in the Cayman Islands in areas including trusts, commercial disputes, banking and confidentiality matters and family law. In 2006, he received a certificate of Accredited Mediator Training from ADR Chambers (UK) Limited.

“We are in a time of change when the traditional methods of dispute resolution are perceived by many as no longer serving the needs of the community,” Mr. Boni said. “I look forward to assisting in that change by mediating disputes as a neutral third party searching for common ground involving empathy rather than acrimony to assist participants to reach a successful outcome.”

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