Business in brief

Mourant Ozannes  

Mourant Ozannes was named “Best Offshore Law Firm” at the Hedgeweek USA Awards 2013.  

The awards, now in their third year, recognise excellence among hedge fund managers and service providers throughout North America. Winners are decided by the readers of Hedgeweek, an online publication. 

The award was collected by partner Julian Fletcher on Thursday, 6 June, in New York. “We’re honoured to receive the award for Best Offshore Law Firm. The fact that this award is voted for by the readers of Hedgeweek shows recognition of our market-leading practice from within the industry and is testament to the hard work and expertise of our experienced team.” 

Neal Lomax, managing partner of Mourant Ozannes’ Cayman Islands office, added: “This is a fantastic accolade. At Mourant Ozannes, our vision is to be consistently recognised as the leading law firm offshore by delivering exceptional client service, so we’re extremely pleased to have received the award for Best Offshore Law Firm.” 

In other news, Hayden Isbister has joined the firm as a partner in its Cayman Islands corporate practice. 

Mr. Isbister joined Mourant Ozannnes after nearly six years with Ogier in the Cayman Islands, most recently as a managing associate. He 
started his career at Minter Ellison in Australia.  

Mr. Isbister specialises in investment funds, general corporate and finance work.  

Walkers  

Walkers announced six partnership promotions in five of its offices worldwide. It takes the number of partners in the firm to 59. The newly-promoted partners are Matthew Goucke, Dispute Resolution and Melissa Lim, Investment Funds, in the Cayman Islands, Julie Engwirda, Dispute Resolution in the British Virgin Islands, Andrew Traynor Finance and Corporate in Dublin, Jasmine Amaria, Investment Funds in London and Laura Rogers, Investment Funds in Singapore. 

“A hallmark of Walkers since it was founded almost 50 years ago has been our expertise across different practice areas, which enables us to exceed our clients’ expectations in today’s multi-jurisdictional environment,” said Ingrid Pierce, global managing partner with Walkers. “Great client service is only possible with great talent. I’m confident that Walkers is well positioned to continue as one of the leading international financial centre law firms by continuing our strategy of investing in the industry’s best people.”  

In addition to the new partners, Walkers also promoted six associates across its network to senior counsel. The new senior counsel appointments – or relevant local equivalent – are Rupert Bell, Nick Dunne and Shelley in the Dispute Resolution group in the Cayman Islands, Oliver Clifton, Dispute Resolution, in the BVI, Aaron McGarry, Asset Finance, in Dubin and Paul Aherne, Finance & Corporate, in Hong Kong.  

The five promotions based in the Cayman Islands are pending confirmation from the Immigration Department. 

 

Bell Rock  

Bell Rock has appointed Jeffrey Shaul as an independent director, expanding its fund governance practice.  

Mr. Shaul is a veteran investment industry executive with more than 25 years of experience in asset management, investment banking, mergers and acquisitions and private equity. He was instrumental in the creation, launch and management of various alternative investment vehicles in Canada, many of which introduced breakthrough investment concepts. Mr. Shaul is a member of the Law Society of Upper Canada and the CFA Institute and is a Fellow of the Canadian Securities Institute. He is registered with the Ontario Securities Commission as exempt market dealer, portfolio manager and investment fund manager. 

David Lloyd, managing director of Bell Rock, said: “We are very excited about Jeffrey joining our team, particularly in light of his portfolio management expertise, which is rare in offshore nonexecutive directors.  

Investors today are placing increasing importance on having board members with portfolio and risk management skills, in addition to legal, auditing and fund administration knowledge.” 

Mr. Shaul’s expertise will complement those of David Lloyd, who has an extensive track record in the asset management industry, including three and a half years with Walkers Management Services (now Intertrust) providing independent director services. 

Dart Realty 

Jackie Doak, chief operating officer of Dart Realty (Cayman) Ltd joined New Urbanists Andrés Duany and Steve Nygren of Serenbe on a panel discussion about the future of the New Urbanism movement.  

The forum took place at the 47th annual Real Estate Journalism Conference in Atlanta, hosted by the National Association of Real Estate Editors. In the panel discussion, titled “The Next Evolution of New Urbanism”, which discussed emerging trends in New Urbanism, Ms Doak shared Dart Realty’s vision for the future of Camana Bay, a 500-acre mixed-use development in 
the heart of Grand Cayman. 

“Camana Bay ushered New Urbanism into the Caribbean,” Doak said. “It is an honour to be included in this discussion about the future of walkable communities and smart growth with Andrés Duany, a man who many consider to be the godfather of the New Urbanist movement.”  

Camana Bay is considered the first example of New Urbanism in the Caribbean. In collaboration with a team of architects, master planners, landscape architects and other experts, Ms Doak and Dart Realty sought to improve what was already a high quality of life on a beautiful island by creating a walkable town with a distinctly modern Caribbean style.  

Through his work as a principal at Duany Plater-Zyberk & Company, Mr. Duany was involved with the master planning of the Camana Bay residential communities in 2008.  

Rider Levett Bucknall  

Martyn Bould, chairman of Rider Levett Bucknall in the Caribbean, has recently been appointed by the Dispute Resolution Board Foundation as the country representative for the Caribbean region for the next two years. 

The DRBF was established in 1996 as a nonprofit organisation dedicated to promoting the avoidance and resolution of disputes worldwide, as well as to provide advice and suggestions which are tailored for local conditions and practices. The foundation panel members are impartial reviewers with many years of local expertise. The recommendations made by the DRBF are not binding, but are effective in avoiding long legal processes. 

 

Reliable Industries  

Reliable Industries Ltd. has launched the company’s newly designed website.  

“Our goal for the new website is to provide visitors (current and new customers) with an extremely user friendly website,” said Sharon Smith, president of Reliable Industries. “The new innovative site offers more functionality and in-depth information about all of our services, be they residential, commercial or industrial.”  

 

Ignition 

Software solutions provider Ignition has appointed Isabella Pearson to provide expertise in corporate governance, risk and compliance for clients in the offshore market. Ignition’s expertise is in providing technology solutions for clients in areas such as fiduciary, fund management, corporate services, captive management and the public sector, where GRC is a top requirement. 

Ms Pearson’s expertise includes providing training, due diligence compliance, risk management analysis and reporting along with the implementation of new policies and practices. She brings more than 20 years experience in providing corporate GRC expertise in the fiduciary sector across multiple jurisdictions. A key focus for her has also been the use of ViewPoint as a management reporting tool for audit and compl
iance committees as well as regulatory authorities. Ms Pearson holds a TEP diploma in international trust management and an ICSA certificate in offshore finance and administration. 

In the role as fiduciary solutions consultant, she will be responsible for supporting clients in the end-to-end delivery of Ignition’s GRC suite of solutions, including ViewPoint and KYC.  

Christopher Eaton, Ignition’s director of business solutions, said focus on GRC has led to greater demands on our key customer groups in the region.  

“It’s increasingly important for companies to remain competitive and meet their GRC requirements as this can improve oversight and reduce risks, while also improving the efficiency of operations and standardising client deliverables. We’re delighted to have Isabella join our team. Her expertise in GRC coupled with her extensive experience in the fiduciary sector makes her a valuable addition to 
the team.”

Camana-Bay-Centre-Square

Camana Bay is considered the first example of New Urbanism in the Caribbean. – Photo: File
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