Business in brief

Mourant Ozannes

Offshore law firm Mourant Ozannes has appointed Sonia
Starvis to lead its non-contentious property practice in the Cayman Islands.

Ms Starvis will be providing clients with advice on all
aspects of commercial and residential property work, property finance matters,
local licensing and property related regulatory matters. Ms Starvis has advised
on property matters since being admitted to practice law in the Cayman Islands
in 1996.

Ms Starvis, a Caymanian, is a notary public and has
published articles on property and property-related finance topics, as well as
being a contributing author on Cayman Islands real estate topics to the PLC Cross
Border Corporate Real Estate Handbook. She has chaired and participated in
committees established by the Cayman Islands Law Society to review and make
recommendations on draft property legislation. Ms Starvis joined Mourant
Ozannes from the property practice of another major Cayman Islands law firm.

“I am very excited about the opportunities for building
Mourant Ozannes’ Cayman Islands non-contentious property practice and I am
greatly looking forward to working with the firm’s already outstanding and well-respected
contentious property and international trust and private client practice
groups,” she said.

Neal Lomax, managing partner of Mourant Ozannes Cayman
Islands, said, “We are delighted that Sonia has joined our growing Cayman
Islands office in order to take the lead on our non-contentious property work.
With Sonia’s reputation and experience, she will be a real asset to the Cayman
Islands practice.”

In other news, Mourant Ozannes was named “Legal Team of the
Year” at the inaugural STEP Caribbean Awards. The awards have been established
by STEP Caribbean in 2013 to highlight excellence among private client lawyers.

Tim Prudhoe, chairman of the judging panel, said, “Mourant
Ozannes are able to call upon a breadth of expertise amongst a team whose members
are the envy of the offshore world”.

Morven McMillan, head of Mourant Ozannes’ International
Trusts & Private Client practice in the Cayman Islands, said, “This is a
tremendous accolade for the team and an endorsement of our ethos which is to
provide clients with exceptional service through an integrated international
trusts and private client practice covering both contentious and
non-contentious matters across all our jurisdictions. I am very honoured that
we should win the first STEP Caribbean Legal Team of the Year award.”

Douglas Close, global head of Mourant Ozannes’ International
Trusts & Private Client practice, added, “I am delighted that our
integrated approach has been recognised, together with the strength of our
global team.”

 

 

Highwater

HighWater Limited has appointed Darren Stainrod, former
managing director of UBS Cayman and global head of alternatives, to its
corporate governance team.

Mr. Stainrod has more than 25 years of experience in the
alternative investment fund industry, working with the world’s largest asset
managers and institutional investors. Prior to his 17 years at UBS, he was an
auditor at both Deloitte and PricewaterhouseCoopers. 

“I view the Highwater Group to be the premium boutique shop
in the industry. It is evident that both investors and fund managers have
confidence in the HighWater approach to corporate governance. This is a highly
experienced, yet diverse group of individuals who take their fiduciary
responsibilities seriously and have a unique corporate culture that people seek
out when selecting their directors,” Mr. Stainrod said.

Mark Fagan has also been promoted to director. He is a
chartered accountant and CFA charter holder. Prior to joining Highwater, he was
an investment adviser with RBC Dominion Securities; portfolio manager and
performance analyst at Butterfield Bank and fund accountant at HSBC Financial
Services and Butterfield Fund Services in the Cayman Islands.

Managing Director Gary Linford congratulated the two: “We
are thrilled that Darren will join us and are pleased that HighWater continues
to attract such high quality professionals. Mark has worked tirelessly
implementing our business model, extending his understanding of our clients’
needs.  Mark and Darren have the correct
skillset alongside the client-service attitude that we live by”.   

Both join the other latest newcomers to the Highwater
director bench: Matt Auriemma, formerly senior managing director and global
head of Operational Risk Management at UBP Asset Management, and Todd Groome,
former global chairman of AIMA and adviser to the International Monetary Fund.

 

 

Chamber Pension Plan

The Chamber Pension Plan presented competition winner
Richard Maparura with an iPad mini as part of the Plan’s new website launch. To
enter the competition, people were asked to sign up to the new Chamber Pension
newsletter on either the Chamber Facebook page or the Chamber Pension website.

The plan’s new website aims to significantly improve
communications between the Chamber Pension Plan its members. William Fleury,
chief operating officer and general manager of Chamber Pension Plan, said the
new website is one of many important improvements the plan has made in recent
months.

“The website has received great reviews from employees and
members alike. We are pleased to be able to adjust our site according to their
needs. The iPad mini competition was a brilliant kick start to the website with
visitor numbers reaching record numbers,” Mr. Fleury said.

 

 

RBC Wealth Management

RBC Wealth Management is a sponsor of the 2013 Leadership
Cayman graduation. Leadership Cayman has held eight seminars to date for the 2013
programme and class members are close to graduating at the end of June.

“On behalf of Leadership Cayman, we are truly appreciative
of the support from RBC Wealth Management and are delighted to welcome them as
one of the graduation sponsors for the 2013 programme. We are happy that they
have supported this initiative, which seeks to enhance leadership whilst
positively impacting the wider Cayman Islands community,” said Sheena Thompson,
Leadership Cayman Planning Committee chairwoman.

The Chamber’s Leadership Cayman programme was launched 2010
and was developed to ensure men and women of all types of backgrounds could
access the information to help them develop as leaders within the community.

The six-month programme is designed to allow participants a
deeper understanding of social, economic, business and political issues whilst
developing their own personal leadership styles and nourishing community
spirit. 

Individuals and organisations interested in sponsoring LC or
becoming a future candidate for the 2014 sessions, are invited to contact
Tiffany Dixon-Ebanks, programmes manager at [email protected]

 

 

CIMA

Deborah Ebanks, head of the Cayman Islands Monetary
Authority’s Currency Division, has presented Kara Coe, the Caymanian graphic designer
who designed the 10th anniversary Heroes’ Day coin issued by the authority,
with a complimentary coin.

Miss Ebanks said, “the currency staff worked rather closely
with Kara. CIMA is pleased to be able to make this presentation as a token of
our appreciation for all her efforts with this project. Given the Heroes’ Day
theme, it is fitting that Kara is a creative young person, and even better that
she is a former employee of CIMA.”

Ms Coe, now with Government Information Services, said her
inspiration for the design “derives from Heroes Square in George Town. The
sailors represent youth, culture and sports, and the woman represents gender
equality. I have also embraced the historical use of catboats and positioned
them to represent the three islands. And the three fishing boats are
Man-o-Wars. Finally, I have wrapped the whole piece in thatch rope, another
significant historical piece of our cultural heritage.”

The coat of arms is depicted in gold on the obverse side.

The cost of this limited edition silver coin is CI$93.72 or
US$110. The coins come in an elegant presentation case, and a certificate of
authenticity is included.

 

 

DMS

DMS staff were dressed in a full rainbow spectrum in honour
of this year’s Child Month theme “Care, Advocate, Protect” to raise funds for
the island-wide dress down day on Friday, 10 May. Staff members contributed $5
to dress down on Friday and donned their bright colours for the cause. Just
under $500 was raised and DMS matched that donation for a cumulative donation of
$1,000, which will be donated to nonprofit Association Feed Our Future.

The association’s primary mission is to solve the problem of
childhood hunger and to support intellectual nourishment in the Cayman Islands
through the funding of nutritionally balanced lunches to children in need in
Cayman’s schools.  The $1,000 donation is
the equivalent of 200 meals for needy students across Cayman.

Trina Savage, vice president of marketing and
communications, chairwoman of the DMS Gives Back committee and the person who
organised the Dress Down Day, said, “As a mother, I cannot fathom having to
send my child to school on an empty stomach all day. It is empowering to be
able to contribute in this way and assist our schools in being able to provide
for those children in need. Cayman’s youth are our future, if they can’t
concentrate on their studies because of a rumbling belly, then their grades and
retention cannot possibly be at their full potential, because their basic human
needs are not being met.”

 

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