Three specialists placed in Cayman Enterprise City
Some of the Maples and Calder law firm’s information technology positions that left the Cayman Islands starting in late 2009 for Leeds, England and Montreal, Canada, have returned, taking space in Cayman Enterprise City.
Three IT specialists – Kris Dunnett, Jared Holgate and Steve Ashworth – are now occupying space at Cayman Enterprise City’s gateway location at HSBC House.
Maples Chief Information Officer Matt Barnett said Cayman Enterprise City offered an excellent opportunity for the firm.
“[W]e are able to take advantage of the many benefits that Cayman Enterprise City offers, whilst simultaneously bringing some of our IT team back to Cayman, closer to the firm’s head office and in a time zone that makes sense to our largest concentration of staff,” he said. “CEC offers a low-cost, flexible environment, which makes sense for our business requirements.” Maples IT will go into Cayman Enterprise City’s Internet and Technology Park, one of six industry specific business sectors in the special economic zone.
Mr. Barnett said the three specialists, who all came from Maples’ IT department in Leeds, each offered unique skill sets and expertise and that they would be key to supporting the firm’s global IT initiatives, including the ongoing development of a client eServices platform.
“The relocated team will focus on global projects while the well-established local Cayman IT team will continue to deliver day-to-day IT support to the firm’s Cayman offices,” he said. “Establishing a presence in Cayman Enterprise City aligns our IT support to our growing business and enables our local team to develop experience and skills they would otherwise not be exposed to without CEC.”
Alasdair Robertson, a senior partner at Maples and chairman of the firm’s IT steering group, said the firm periodically re-evaluates its business model and did so this year. After looking at what Cayman Enterprise City could offer, the firm decided that moving some of the IT department back to Cayman “just made sense” from a business perspective.
In 2009, the firm thought differently about the situation.
“The firm took a decision three years ago to move some of our IT services from Cayman as part of the evolution of our business model,” he said. “Maples is now a global business with offices across several time zones and we decided to put these services right in the middle of the time zones in which we operate.”
Mr. Robertson noted that had it not been for Cayman Enterprise City and what it offered, it was likely that those services would have been relocated elsewhere. Although the firm had been having some issues with work permit renewals prior to the move away from Cayman, it said at the time that work permit issues were not central to the decision to move. However, it cited other factors for the move, including the lower cost of doing business in Leeds.
Because Maples had seen how Cayman Enterprise City worked in practice from the experiences of one of its clients that was already in the special economic zone, Mr. Robertson said the firm had confidence that establishing an IT presence in the zone would work for it as well.
Mr. Robertson said the move of the three specialists into Cayman Enterprise City will not affect the positions of those who work in IT positions in the Cayman office.
Cayman Enterprise City Chief Executive Officer Jason Blick said he was thrilled to have Maples IT coming back to Cayman and into the special economic zone.
“We are delighted to welcome the IT Department of Maples and Calder to our growing IT Park and join the other 40 companies already licensed in CEC,” he said. “The objective of our business licensing model is to entice international companies to relocate to the Cayman Islands and set up within the zone and we are pleased that a well-respected global brand such as Maples and Calder has been able to bring their global IT division back home to Cayman and establish within our IT Park.”